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    "concept": "bava:Shorttermborrowingsfromcreditinstitutions",
    "entity": "scheme:2138006JCDVYIN6INP51",
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    "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
    "entity": "scheme:2138006JCDVYIN6INP51",
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    "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
    "entity": "scheme:2138006JCDVYIN6INP51",
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    "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
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   "value": "5241259000",
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    "concept": "ifrs-full:EquityAndLiabilities",
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    "period": "2023-01-01T00:00:00",
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   "value": "12089269000",
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  "fact1842": {
   "value": "<div class=\"stl_01\" style=\"left:55.748em;top:10.3843em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">The share capital comprises a total of 70,735,376 shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.2174em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0242em;\">of DKK 10 as of December 31, 2022 (70,468,393 shares). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.0505em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The shares are not divided into share classes, and each \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.8836em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">share carries one vote. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.5449em;\"><span class=\"stl_261 stl_16 stl_122\" style=\"word-spacing:-0.0288em;\">Treasury shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:15.3836em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">In May 2022, the Board of Directors decided to launch \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.2168em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">a share buy-back program, under which the Company \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.0499em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">bought back 71,562 of its own shares (31,747 shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.883em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">in 2021). The purpose of the share buy-back program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:18.7161em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">was to meet the Company's obligations arising from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.5493em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">the share-based incentive program for the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.3824em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Management and the Board of Directors. Under the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.2155em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">share-based incentive program, payment of half of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.0486em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">achieved bonus for 2021 for members of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.8818em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">Management are converted to restricted stock units for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.7149em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">a value corresponding to half of the achieved bonus. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.548em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">The restricted stock units will be released to the Exec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.3811em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">utive Management 3 years after grant. This to further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.2143em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">increase the long-term shared interests between the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.0474em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">Executive Management and the Company's share- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.8805em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">holders. The Board of Directors is granted restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.7136em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">stock units corresponding to 50% of the annual fee \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.5468em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">(excl. committee fee). The vesting period for those \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:30.3799em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">restricted stock units is also 3 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:32.0468em;\"><span class=\"stl_255 stl_20 stl_570\" style=\"word-spacing:-0.0106em;\">Treasury shares represent 0.16% (0.18%) of the total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:32.8799em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">share capital. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:34.5468em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">For further information about share based payment see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:35.3799em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0188em;\">note 30. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:10.3843em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">The share capital comprises a total of 70,468,393 shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.2174em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0197em;\">of DKK 10 as of December 31, 2021 (58,450,112 shares). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.0505em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The shares are not divided into share classes, and each \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.8836em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">share carries one vote. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.5449em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Rules on changing Articles of Association \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:15.3836em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Changing the Articles of Association requires that the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.2168em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">resolution passes by at least </span><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">/</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">of the votes as well as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.0499em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">/</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">of the voting capital represented. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
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   }
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  "fact1244": {
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    "concept": "ifrs-full:ProfitLoss",
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  "fact1267": {
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    "concept": "ifrs-full:ProfitLoss",
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    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
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    "concept": "bava:RestrictedStockUnitsConvertedToCashBonusAtExercise",
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  "fact1413": {
   "value": "114097000",
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    "concept": "ifrs-full:Equity",
    "entity": "scheme:2138006JCDVYIN6INP51",
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  "fact1414": {
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   "decimals": -3,
   "dimensions": {
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   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Significant accounting policies \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1708em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0341em;\">Basis of preparation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">The consolidated financial statements for Bavarian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">Nordic have been prepared in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">International Financial Reporting Standards (IFRS) as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">adopted by the EU and Danish disclosure requirements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">for the consolidated financial statements of listed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1751em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">companies. Danish disclosure requirements for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">presentation of consolidated financial statements are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8414em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">imposed by the Statutory Order on Adoption of IFRS \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6745em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">issued under the Danish Financial Statements Act. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">The accounting policies are unchanged from last year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">except for changes due to implementation of new and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">revised standards that were effective January 1, 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6745em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">The consolidated financial statements are presented in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Danish kroner (DKK), which is the functional currency of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3408em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0224em;\">the parent company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.0076em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">The consolidated financial statements are presented on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8408em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">a historical cost basis, apart from derivative financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6739em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">instruments, securities and liability relating to phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.507em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">shares, which are measured at fair value. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1739em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">The accounting policies have been consistently applied \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.007em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">for the financial year and for the comparative figures \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8401em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">except for implementation of new standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6733em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">amendments, see further below. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.3401em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">In the narrative sections of the consolidated financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.1733em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">statements comparative figures for 2021 are shown in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.0064em;\"><span class=\"stl_255 stl_20 stl_350\">brackets. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.1676em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0343em;\">Implementation of new and revised standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0008em;\"><span class=\"stl_261 stl_16 stl_409\">interpretations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8395em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">Management has assessed the impact of new or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.6726em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">amended and revised accounting standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5058em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">interpretations (IFRSs) issued by the IASB and IFRSs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3389em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">endorsed by the European Union effective on or after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.172em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">January 1, 2022. It is assessed that application of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0051em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">amendments effective from January 1, 2022 has not had \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">a material impact on the consolidated</span></div><div class=\"stl_01\" style=\"left:32.292em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.6714em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">ments for 2022. Furthermore, Management does not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5045em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">anticipate any significant impact on future periods from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3376em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0351em;\">the adoption of these amendments. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:20.9976em;\"><span class=\"stl_599 stl_57 stl_107\" style=\"word-spacing:-0.0285em;\">Standards and interpretations not yet in force \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8376em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">At the date of publication of the consolidated financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.6708em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">statements, a number of new and amended standards \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.5039em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0221em;\">and interpretations have not yet entered into force or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.337em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0233em;\">have not yet been adopted by the EU. Therefore, they \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1701em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0298em;\">are not incorporated in the consolidated financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.0033em;\"><span class=\"stl_255 stl_20 stl_345\">ments. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6701em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">None of the new or amended standards and interpre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.5033em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">tations are expected to have a material impact on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3364em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">consolidated financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:30.9976em;\"><span class=\"stl_261 stl_16 stl_139\" style=\"word-spacing:-0.0404em;\">Applying materiality \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.8364em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">The consolidated financial statements are a result of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.6695em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">processing large numbers of transactions and aggre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:33.5026em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">gating those transactions into classes according to their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.3358em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">nature or function. The transactions are presented in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.1689em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">classes of similar items in the consolidated financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.002em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">statements. If a line item is not individually material, it \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.8351em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">is aggregated with other items of a similar nature in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:37.6683em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">consolidated financial statements or in the notes. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:10.1683em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">The specific disclosures required by IFRS are provided \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:11.0014em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">in the Consolidated Financial Statements unless the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:11.8345em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">information is considered immaterial to the users of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.6676em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:14.3289em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0325em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.1676em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">The accounting policies for specific line items are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.0008em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">described in the notes to the financial statements. Set \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.8339em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">out below is a description of the accounting policies for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.667em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the basis of consolidation, foreign currency translation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.5001em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">and the cash flow statement. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:20.1614em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Recognition and measurement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.0001em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Income is recognized in the income statement when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.8333em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0316em;\">generated. Assets and liabilities are recognized in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.6664em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">the balance sheet when it is probable that any future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:23.4995em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">economic benefit will flow to or from the Group and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:24.3326em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">the value can be reliably measured. On initial recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:25.1658em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">nition, assets and liabilities are measured at cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:25.9989em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Subsequently, assets and liabilities are measured as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:26.832em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">described in the description of the accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:27.6651em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">in the respective notes to the financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:29.3264em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Basis of consolidation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:30.1651em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The consolidated financial statements include Bavarian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:30.9983em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Nordic </span><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">A/S</span><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\"> and the subsidiaries in which the Group</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:31.8314em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">holds more than 50% of the voting rights or otherwise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:32.6645em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0244em;\">has control. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:34.3258em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0357em;\">Principles of consolidation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:35.1645em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">The consolidated financial statements are prepared \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:35.9976em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">on the basis of the financial statements of the parent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:36.8308em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">company and the individual subsidiaries, and these are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:37.6639em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0218em;\">prepared in accordance with the Group\u2019s accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:38.497em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">policies and for the same accounting period. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7488em;top:10.1639em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Intra-group income and expenses together with all \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:10.997em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">intra-group profits, receivables and payables are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:11.8301em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">eliminated on consolidation. In the preparation of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:12.6633em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">consolidated financial statements, the book value of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:13.4964em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">shares in subsidiaries held by the parent company is set \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:14.3295em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">off against the equity of the subsidiaries. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7488em;top:15.9908em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">Foreign currency translation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:16.8295em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">On initial recognition, transactions denominated in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:17.6626em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">currencies other than the Group\u2019s functional currency \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:18.4958em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">are translated at the exchange rate ruling at the trans- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:19.3289em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">action date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:20.9958em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">Receivables, payables and other monetary items \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:21.8289em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">denominated in foreign currencies that have not been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:22.662em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">settled at the balance sheet date are translated at the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:23.4951em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">exchange rates at the balance sheet date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:25.162em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">Exchange differences between the exchange rate at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:25.9951em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the date of the transaction and the exchange rate at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:26.8283em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">the date of payment or the balance sheet date, respec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:27.6614em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">tively, are recognized in the income statement under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:28.4945em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">financials. Property, plant and equipment and intan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:29.3276em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">gible assets, inventories and other nonmonetary assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:30.1608em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">acquired in foreign currency and measured based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:30.9939em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">historical cost are translated at the exchange rates at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:31.827em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">the transaction date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:33.4939em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">On recognition in the consolidated financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:34.327em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">ments of subsidiaries whose financial statements are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:35.1601em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">presented in a functional currency other than Danish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:35.9933em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">kroner (DKK), the income statements are translated at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:36.8264em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the average exchange rates of the respective months. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1764em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">Balance sheet items are translated at the exchange \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">rates at the balance sheet date. Exchange differences \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">arising on the translation of foreign subsidiaries\u2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">opening balance sheet items to the exchange rates at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">the balance sheet date and on the translation of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">income statements from average exchange rates of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1751em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">respective months to exchange rates at the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0083em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">sheet date are recognized as other comprehensive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8414em;\"><span class=\"stl_255 stl_20 stl_87\">income. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:18.5026em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0383em;\">Segment reporting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">The Group does not prepare segment reporting inter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">nally and therefore only reports one operating segment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_103\">externally. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6745em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">Geographic spilt of revenue and revenue from major \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">customers is disclosed in note 3 to the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3408em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">financial statements. Geographic location of noncurrent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.1739em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">assets is disclosed in note 15 and 16 to the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.007em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:27.6683em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Cash flow statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.507em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">The cash flow statement is prepared in accordance with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.3401em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">the indirect method on the basis of the Group\u2019s net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1733em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0202em;\">result for the year. The statement shows the Group\u2019s \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.0064em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">cash flows broken down into operating, investing and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8395em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">financing activities, cash and cash equivalents at year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6726em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">end and the impact of the calculated cash flows on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.5058em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">Group\u2019s cash and cash equivalents. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.1726em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Cash flows in foreign currencies are translated into \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.0058em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Danish kroner (DKK) at the exchange rate on the trans- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.8389em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">action date. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.172em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">In the cash flows from operating activities, net profit for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0051em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">the year is adjusted for non-cash operating items and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8383em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0359em;\">changes in working capital. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5051em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Cash flows from investing activities include cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3383em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">from the purchase and sale of intangible assets, prop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.1714em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">erty, plant and equipment, investments and securities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">Cash flows from financing activities include cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.6714em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">from the raising and payment of loans and capital \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5045em;\"><span class=\"stl_255 stl_20 stl_91\">increases. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.1714em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">Additionally, cash flows from assets held under finance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.0045em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">leases are recognized by way of lease payments made. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:22.6658em;\"><span class=\"stl_261 stl_16 stl_446\" style=\"word-spacing:-0.0395em;\">Reporting under the ESEF Regulation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.5045em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">The Commission Delegated Regulation (EU) 2019/815 on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.3376em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">the European Single Electronic Format (ESEF Regulation) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1708em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">requires the use of a particular electronic reporting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.0039em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">format for annual reports of listed companies in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.837em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">EU. More specifically, the ESEF Regulation requires the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6701em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">annual report to be prepared in XHTML format with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.5033em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">iXBRL tagging of the consolidated financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3364em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">including notes. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.0033em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The Company\u2019s iXBRL tagging has been made using the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.8364em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">ESEF taxonomy disclosed in the annexes to the ESEF \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.6695em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Regulation and developed based on the IFRS taxonomy \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:33.5026em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">published by the IFRS Foundation. The 2021 version of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.3358em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">the ESEF taxonomy has been used in the annual report \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.1689em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">for 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.8358em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">The line items in the consolidated financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:37.6689em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">are XBRL-tagged to the elements of the ESEF taxonomy \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.1764em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0245em;\">that are considered to match the content of those line \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0236em;\">items. For line items not considered to be covered by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">line items defined in the taxonomy, entity-specific \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">extensions to the taxonomy have been incorporated. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Except for subtotals, these extensions are anchored to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">standard elements of the ESEF taxonomy. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.0089em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Consistently with the requirements of the ESEF Regu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.842em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">lation, the annual report approved by Management is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.6751em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0213em;\">comprised of a ZIP file bava-2022-12-31-en.zip, which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.5083em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">includes an XHTML file that may be opened using \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">standard web browsers, and a number of technical \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">XBRL files enabling mechanical retrieval of the XBRL \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">data incorporated. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:22.6689em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Net asset value per share: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6627em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_330\">Equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.4589em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0232em;\">Number of shares at year-end \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.1201em;\"><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">Share price/Net asset value per share: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.1358em;top:26.9589em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">Market price per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.9101em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Net asset value per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.5714em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Equity share, %: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.4101em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0374em;\">Equity x 100 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7595em;top:31.3614em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.023em;\">Total assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.0283em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Earnings per share and diluted earnings per share are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.8614em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">calculated in accordance with IAS 33 \u201cEarnings per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.6945em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">share\u201d and specified in note 14. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Significant accounting policies </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_601\" style=\"word-spacing:0.0028em;\">Significant accounting estimates and judgments \u00a0</span></div><div class=\"stl_01\" style=\"left:6.3911em;top:9.9916em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0384em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">In the preparation of the consolidated financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8715em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ments, Management makes a number of accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.7046em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">estimates, which form the basis for the presentation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5378em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">recognition and measurement of the Group's assets and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3709em;\"><span class=\"stl_255 stl_20 stl_263\">liabilities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0378em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">The recognition and measurement of assets and liabil- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8709em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">ities often depend on future events that are somewhat \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.704em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">uncertain. In that connection, it is necessary to assume \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.5371em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">a course of events that reflects Management\u2019s assess- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3703em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">ment of the most probable course of events. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0371em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">The key accounting estimates identified are those that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8703em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">have a significant risk of resulting in a material adjust- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.7034em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">ment to the measurement of assets and liabilities in \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.0365em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">the following reporting period. Management bases its \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8696em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">estimates on historical experience and various other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.7028em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">assumptions that are held to be reasonable under the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5359em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">circumstances. The estimates and underlying assump- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.369em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">tions are reviewed on an ongoing basis. If necessary, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.2021em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">changes are recognised in the period in which the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0353em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">estimate is revised. Management considers the key \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8684em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">accounting estimates to be reasonable and appropriate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.7015em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">based on currently available information. The actual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5346em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">amounts may differ from the amounts estimated as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3678em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">more detailed information becomes available. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.0346em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Management has made the following accounting esti- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8678em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">mates which significantly affect the amounts recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.7009em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">nized in the consolidated financial statements: \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.035em;\">Accounting policy \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0323em;\">Key accounting estimates and judgements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.0557em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_201\">Note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.756em;\"><span class=\"stl_255 stl_20 stl_32\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:26.756em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Estimate of US sales deductions and provisions for sales rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0888em;top:26.756em;\"><span class=\"stl_268 stl_20 stl_18\">3</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.7779em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:27.7779em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Estimate regarding impairment of assets; assessment whether future sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.7782em;top:27.7773em;\"><span class=\"stl_268 stl_20 stl_335\">15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:28.611em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">and development milestones have become probably; assessment whether \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:29.4442em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">development costs should be expensed or capitalized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.466em;\"><span class=\"stl_255 stl_20 stl_96\">Inventories \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:30.466em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">Estimate of indirect production costs capitalized and inventory write-down \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.775em;top:30.466em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0735em;top:10.2008em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.0753em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Sale of goods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.914em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Revenue from sale of goods is recognized when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7472em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">Bavarian Nordic has transferred control of products sold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5803em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">to the buyer and it is probable that Bavarian Nordic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.4134em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">will collect the consideration to which it is entitled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2465em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">for transferring the products. Control of the products \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.0797em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">is transferred at a point in time, typically on delivery. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.9128em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">The amount of sales to be recognized is based on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.7459em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">consideration Bavarian Nordic expects to receive in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.579em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">exchange for its goods. When sales are recognized, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.4122em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Bavarian Nordic also records estimates for a variety of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.2453em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">sales deductions, including product returns as well as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0784em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">rebates and discounts to government agencies, whole- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.9115em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">salers, health insurance companies, managed health- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7447em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">care organisations and retail customers. Revenue is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.5778em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">measured net of value added tax, duties, etc. collected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.4109em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">on behalf of a third party. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0778em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Where contracts contain customer acceptance criteria, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.9109em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Bavarian Nordic recognizes sales when the acceptance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.744em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">criteria are satisfied. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.4109em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">Where absolute amounts are known, the rebates are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.244em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">recognized as other liabilities. Wholesaler charge-backs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0772em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">are netted against trade receivable balances. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.744em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">The pricing mechanisms in the US market and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.5772em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">different kind of rebates are described below. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:35.2372em;\"><span class=\"stl_599 stl_57 stl_256\" style=\"word-spacing:-0.0362em;\">Pricing mechanisms in the US market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.0772em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">In the US, sales rebates are paid in connection with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.9103em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">government and commercial programmes. Key \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.0772em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">customers in the US include private payers, Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.9103em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Purchasing Organizations (GPOs) and government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7434em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">payers. GPOs play a role in negotiating price conces- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5765em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">sions with drug manufacturers for the commercial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.4097em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">channels, and determine which drugs are offered as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.2428em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">preferred options on their drug lists. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:26.9009em;\"><span class=\"stl_599 stl_57 stl_510\" style=\"word-spacing:-0.0387em;\">Wholesaler charge-backs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.7409em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">Wholesaler charge-backs relate to contractual arrange- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.574em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">ments between Bavarian Nordic and indirect customers \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.4072em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">whereby products are sold at contract prices lower \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.2403em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">than the list price originally charged to wholesalers. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.0734em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">A wholesaler charge-back represents the difference \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.9065em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">between the invoice price to the wholesaler and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:32.7397em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">indirect customer\u2019s contract price. Accruals are calcu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:33.5728em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">lated for estimated charge-backs using a combination \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:34.4059em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">of factors such as historical experience, current whole- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:35.239em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">saler inventory levels, contract terms and the value of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:36.0722em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">claims received but not yet processed. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:16.9028em;\"><span class=\"stl_599 stl_57 stl_409\" style=\"word-spacing:-0.0324em;\">US Medicaid &amp; Medicare rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7428em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Medicaid &amp; Medicare are government insurance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5759em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programmes. Medicaid and Medicare rebates have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.409em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">been estimated using a combination of historical expe- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.2422em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">rience, product and population growth, price increases, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.0753em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">and the impact of contracting strategies. The calcula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.9084em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">tion also involves interpretation of relevant regulations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.7415em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">that are subject to changes in interpretative guidance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.5747em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">from government authorities. Bavarian Nordic adjusts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.4078em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">the provision periodically to reflect actual sales perfor- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.2409em;\"><span class=\"stl_255 stl_20 stl_108\">mance. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:11.579em;\"><span class=\"stl_599 stl_57 stl_205\" style=\"word-spacing:-0.0351em;\">Other discounts and sales returns \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.419em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Other discounts are provided to wholesalers, hospi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">tals, pharmacies, etc. They are usually linked to sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">volume or provided as cash discounts. Accruals are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">calculated based on historical data and recorded as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">reduction in gross sales at the time the related sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">are recorded. Sales returns are related to damaged or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.4177em;\"><span class=\"stl_255 stl_20 stl_412\" style=\"word-spacing:-0.037em;\">expired products. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:19.079em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Sale of services and licenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.9177em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">Furthermore, revenue comprises the fair value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.7508em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">consideration received or receivable for income derived \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.584em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">from development services where revenue is measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.4171em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">at the expected net sales price. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.084em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Sales of licenses that transfer the rights associated with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.9171em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ownership of intellectual property are recognized at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.7502em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">a point in time when control is transferred. Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.5833em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">from development services and licenses that do not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.4165em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">transfer the right of ownership to intellectual property \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.2496em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">are recognized over time in line with the execution and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.0827em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.035em;\">delivery of the work. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.5827em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0327em;\">Agreements with commercial partners generally \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.4158em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">include non-refundable upfront license and collabora- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.249em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">tion fees, milestone payments, the receipt of which is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.0821em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">dependent upon the achievement of certain clinical, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.9152em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">regulatory or commercial milestones, as well as royal- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.7483em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">ties on product sales of licensed products, if and when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.5815em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">such product sales occur, and revenue from the supply \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.4146em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">of products. For these agreements that include multiple \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.2477em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">elements, total contract consideration is attributed to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.0808em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">separately identifiable components on a reliable basis \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.914em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">that reasonably reflects the selling prices that might be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.7471em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0358em;\">expected to be achieved in stand-alone transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5802em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">provided that each component has value to the partner \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.4133em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">on a stand-alone basis. The allocated consideration is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2465em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">recognized as revenue in accordance with the principles \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0796em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">described above. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:21.3435em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.3903em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Production costs consist of costs incurred in gener- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.2234em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">ating the revenue for the year. Costs for raw materials, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.0566em;\"><span class=\"stl_255 stl_20 stl_474\" style=\"word-spacing:-0.0363em;\">consumables, production staff and a proportion of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.8897em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">production overheads, including maintenance, amorti- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.7228em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">zation, depreciation and impairment of intangible and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.5559em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">tangible assets used in production as well as operation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.3891em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">administration and management of the production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.2222em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">facility are recognized as production costs. Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.0553em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">of acquired product rights are recognized as production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.8884em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">costs. In addition, the costs related to excess capacity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.7216em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">and write-down to net realisable value of goods on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.5547em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">stock are recognized. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">Sales and distribution costs comprise costs incurred for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">the sale and distribution of products sold during the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">year. This includes costs incurred for sales campaigns, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">training and administration of the sales force and for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">direct distribution, marketing and promotion. Also \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">included are salaries and other costs for the sales, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">distribution and marketing functions, loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0374em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">expected credit losses, amortization, depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.8706em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">other indirect costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:20.0564em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.1032em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0326em;\">Research and development costs include salaries and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.9363em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">costs directly attributable to the Group\u2019s research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.7694em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">development projects, less government grants. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.6026em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">more, salaries and costs supporting direct research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.4357em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">development, including costs of patents, rent, leasing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.2688em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">and depreciation attributable to laboratories, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.1019em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">external scientific consultancy services, are recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.9351em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">under research and development costs. No indirect or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.7682em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">general overhead costs that are not directly attributable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.6013em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">to research and development activities are included in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.4344em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">the disclosure of research and development expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.2676em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">recognized in the income statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.9344em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">Research costs are expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:32.7676em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Development costs are generally expensed in the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:33.6007em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">they occur. In line with industry custom, capitaliza- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:34.4338em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">tion of development costs does not begin until it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:35.2669em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">deemed realistic that the product can be completed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.1001em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">and marketed and it is highly likely that a marketing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.9332em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">authorization will be received. In addition, there must \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:37.7663em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">be sufficient certainty that the future earnings to the \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7404em;top:21.0994em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Group will cover not only production costs, direct distri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:21.9326em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">bution and administrative costs, but also the develop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:22.7657em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:24.4326em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Contract research and development costs incurred to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:25.2657em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">achieve revenue are included in \"Research and devel- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.0988em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">opment costs incurred this year\" in the below tabel and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.9319em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">then transferred under \"Contract costs recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:27.7651em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">production costs\" to be recognized as production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_566\" style=\"word-spacing:0.007em;\">Adminstrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.0814em;top:10.1457em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.0258em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Administrative costs include costs of Group Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.8589em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">ment, staff functions, administrative personnel, office \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.692em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">costs, rent, short-term lease payments and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:13.5252em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">not relating specifically to production, research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.3583em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">development or sales and distribution. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">Interest income is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">at the amounts relating to the financial year. Financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">income also includes net positive value adjustments of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">financial instruments and securities, adjustment of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">net present value of provisions and net currency gains. \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:21.2561em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3029em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">Income tax for the year comprises current tax and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.136em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">deferred tax for the year. The part relating to the profit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.9692em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">for the year is recognized in the income statement, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8023em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">the part attributable to items in the comprehensive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.6354em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">income is recognized in the comprehensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.4685em;\"><span class=\"stl_255 stl_20 stl_107\">statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.1354em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">The tax effect of costs that have been recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.9685em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">directly in equity is recognized in equity under the rele- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8017em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">vant items. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.4685em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">Current tax receivable is recognized in the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3017em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">sheet under current asset. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.9685em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Current tax payable is recognized in the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8017em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">under current liabilities. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.1623em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Deferred tax is measured using the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:10.9954em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0346em;\">liability method on all temporary differences between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8285em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">accounting values and tax values. Deferred tax liabili- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.6617em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">ties arising from temporary tax differences are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.4948em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">nized in the balance sheet as a liability. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.1617em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Deferred tax assets arising from temporary deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.9948em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">differences and tax losses carried forward are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8279em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">nized when it is probable that they can be realized by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.661em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">offsetting them against taxable temporary differences \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.4942em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">or future taxable profits. At each balance sheet date, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.3273em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">it is assessed whether it is probable that there will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.1604em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">sufficient future taxable income for the deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.9935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">asset to be utilized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.6604em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">Deferred income tax is provided on temporary taxable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.4935em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">differences arising on investments in subsidiaries, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.3266em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">unless the parent company is able to control the timing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.1598em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">when the deferred tax is to be realized and it is likely \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.9929em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">that the deferred tax will not be realized within the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.826em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">foreseeable future. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.4929em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">Deferred tax is calculated at the tax rates applicable on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.326em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the balance sheet date for the income years in which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.1591em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">the tax asset is expected to be utilized. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Earnings per share is calculated as the profit or loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">for the year compared to the weighted average of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">issued shares in the financial year. The basis for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">calculation of diluted earnings per share is the weight- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">ed-average number of ordinary shares in the financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">year adjusted for the dilutive effects of warrants. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0021em;\">Intangible assets \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9858em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0292em;\">Intangible assets are measured at historic cost less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">accumulated amortization and impairment losses. Cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0298em;\">of acquired product rights are measured at cash consid- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.029em;\">eration and present value of any deferred payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0346em;\">for those rights. Furthermore costs of acquired product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0337em;\">rights include transaction costs that are directly attribut- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">able to the acqusition. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.8712em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">Internal development projects that meet the require- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.7043em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">ments for recognition as intangible assets are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.5374em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">at direct cost relating to the development projects. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0297em;\">Amortization is provided on a straight-line basis over the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.0374em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0305em;\">useful economic lives of the assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0305em;\">The useful lives of acquired product rights are estimated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_41\" style=\"word-spacing:-0.0276em;\">to be 20 years and software is estimated to be 3-5 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.2043em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0337em;\">Amortization of acquired product rights is recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.0374em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0348em;\">part of cost of goods sold under production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:28.6987em;\"><span class=\"stl_261 stl_16 stl_101\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.5374em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">The carrying amounts of intangible assets carried at cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.3706em;\"><span class=\"stl_255 stl_20 stl_351\" style=\"word-spacing:-0.0265em;\">or amortized cost are tested at least annually to deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.2037em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0303em;\">mine whether there are indications of any impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.0368em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">in excess of that expressed in normal amortization. If \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.8699em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0265em;\">that is the case, the asset is written down to the recov- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.7031em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0342em;\">erable amount, which is the higher of its fair value less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.5362em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">costs to sell and its value in use. Impairment losses on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.3693em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0326em;\">intangible assets are recognized under the same line \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.2024em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">item as amortization of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:37.8693em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0306em;\">For development projects in progress, the recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:38.7024em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">amount is assessed annually, regardless of whether any \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:39.5356em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">indications of impairment have been found. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:14.7274em;\"><span class=\"stl_261 stl_16 stl_328\" style=\"word-spacing:-0.0318em;\">Acquired rights and development in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5662em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0247em;\">Under the Group\u2019s accounting policies and in accordance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.3993em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0335em;\">with common industry practice, development costs are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.2324em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0307em;\">generally expensed in the year they occur. During the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.0656em;\"><span class=\"stl_255 stl_20 stl_604\" style=\"word-spacing:-0.0254em;\">development of ABNCoV2, the Group has, however, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.8987em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">started capitalization of directly related development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.7318em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0291em;\">cost at commencement of the Phase 2 and 3 studies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.5649em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0291em;\">as \u2013 unlike most other development candidates - the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.3981em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0307em;\">feasibility of developing a final vaccine and obtain regu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.2312em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.0269em;\">latory approval is considered highly likely. The Phase 1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.0643em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0288em;\">and Phase 2 clinical trial showed positive results in 2021- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.8974em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">22, further supported by positive six-month follow-up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.7306em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0321em;\">analysis for the Phase 2 clinical trial in October 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.5637em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0312em;\">The follow-up analysis demonstrated that six months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.3968em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">post the booster vaccination with ABNCoV2, the neutral- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.2299em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">ization antibody titers against Wuhan and the Omicron \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0631em;\"><span class=\"stl_255 stl_20 stl_453\" style=\"word-spacing:-0.0281em;\">variant remained high and at levels associated with a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.8962em;\"><span class=\"stl_255 stl_20 stl_166\" style=\"word-spacing:-0.0286em;\">greater than 90% efficacy. The Group initiated the global \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.3962em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0312em;\">Phase 3 clinical trial in September 2022 and initial results \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.2293em;\"><span class=\"stl_255 stl_20 stl_207\" style=\"word-spacing:-0.0256em;\">are expected to be ready in mid-2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.8962em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">In 2021 the Group ensured significant finance of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.7293em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0341em;\">development through the funding obtained from the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.5624em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">Danish Ministry of Health and a minimum demand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.3956em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0322em;\">agreed in the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.2287em;\"><span class=\"stl_255 stl_20 stl_441\">Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.8956em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0269em;\">In the winter of 2022/2023, we have seen a high \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.7287em;\"><span class=\"stl_255 stl_20 stl_326\" style=\"word-spacing:-0.0281em;\">number of COVID-19 infections. It is evident though, that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.5618em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0287em;\">booster vaccinations have been necessary to control the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.3949em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">pandemic. Management assesses that the booster vacci- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.228em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.027em;\">nations will continue to be required, at least for vulner- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.0612em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0328em;\">able groups as is the case for example with the flu \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.8943em;\"><span class=\"stl_255 stl_20 stl_77\" style=\"word-spacing:-0.0285em;\">market, where annual booster vaccinations are given. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.7274em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0299em;\">Hence, with the development of ABNCoV2 as a universal \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.5605em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0301em;\">booster vaccine with a better value proposition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.3937em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0295em;\">compared to the already approved vaccines, Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.2268em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0331em;\">ment expects that the Company can take a reasonable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.0599em;\"><span class=\"stl_255 stl_20 stl_323\" style=\"word-spacing:-0.025em;\">share of the future COVID-19 vaccine market, initially \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.893em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0274em;\">targeting governments, but over time moving towards a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.7262em;\"><span class=\"stl_255 stl_20 stl_77\" style=\"word-spacing:-0.0284em;\">more traditional market for private vaccinations. \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">Property, plant and equipment include land and build- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">ings, production equipment, leasehold improvements, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0369em;\">office and IT equipment and laboratory equipment and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">is measured at cost less accumulated depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">impairment losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.5624em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">Cost includes the costs directly attributable to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.3955em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">purchase of the asset, until the asset is ready for use. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.2287em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">For assets constructed by the Group cost includes mate- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.0618em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">rials, components, third-party suppliers and labour. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.7287em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">Borrowing costs directly attributable to the construction \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5618em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">of property, plant and equipment are included in cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3949em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">Other borrowing costs are recognized in the income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.228em;\"><span class=\"stl_255 stl_20 stl_107\">statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8949em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Depreciation is charged over the expected economic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.728em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">lives of the assets, and the depreciation methods, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.5612em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">expected lives and residual values are reassessed indi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.3943em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">vidually for the assets at the end of each financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.2274em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Assets are depreciated on a straightline basis over their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.0605em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">estimated useful lives as follows: \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.5605em;\"><span class=\"stl_255 stl_20 stl_345\">Buildings \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.885em;top:11.5605em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">10\u201320 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.3937em;\"><span class=\"stl_255 stl_20 stl_376\">Installations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2682em;top:12.3937em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">5\u201315 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:13.2268em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">Leasehold improvements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0769em;top:13.2268em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.021em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:14.0599em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Office and IT equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.4932em;top:14.0599em;\"><span class=\"stl_255 stl_20 stl_449\" style=\"word-spacing:-0.0407em;\">3\u20135 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:14.893em;\"><span class=\"stl_255 stl_20 stl_472\" style=\"word-spacing:-0.0389em;\">Laboratory equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2319em;top:14.893em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">5\u201310 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.7262em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0368em;\">Production equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2688em;top:15.7262em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">3\u201315 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.393em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Management reviews the estimated useful lives of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.2262em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">material property, plant and equipment at the end of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.0593em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0226em;\">each financial year. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:20.7193em;\"><span class=\"stl_599 stl_57 stl_380\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5593em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0365em;\">The carrying amounts of property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.3924em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">carried at cost or amortized cost are tested annually to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2255em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">determine whether there are indications of any impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0587em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ment in excess of that expressed in normal deprecia- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.8918em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">tion. If that is the case, the asset is written down to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.7249em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0335em;\">recoverable amount, which is the higher of its fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.558em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">less costs to sell and its value in use. Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.3912em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">on property, plant and equipment are recognized under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the same line item as depreciation of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">The right-of-use assets comprise the initial measure- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">ment of the corresponding lease liability. Right-of-use \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">assets are subsequently measured at cost less accumu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">lated depreciation and impairment losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3718em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">All operating leases with a lease term of more than 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2049em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">months are recognized on the balance sheet as right- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0381em;\"><span class=\"stl_255 stl_20 stl_75\">of-use-assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.7049em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">For leases with a lease term of less than 12 months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.5381em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the lease payments are recognized as an operating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.3712em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">expense on a straight-line basis over the term of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_134\">lease. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.8712em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0247em;\">The right-of-use-assets are measured at the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">value of all future lease payments. When assessing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">lease term, any extension or termination options are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.3706em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">included in the assessment. The options are included \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.2037em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">in determining the lease term, if exercise is reason- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0368em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ably certain. When determining the discount rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.8699em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">used to calculate the net present value of future lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.7031em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">payments, an incremental country specific borrowing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.5362em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">rate is used, based on a government bond plus the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.3693em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0245em;\">Group\u2019s credit margin, ranging from 2.5% to 3.0%. A \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.2024em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">single discount rate is used for a portfolio of lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.0356em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">assets with reasonable similar characteristics. Initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.8687em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">direct costs are not included in measurement of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7018em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">right-of-use-assets. Non-lease components are not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.5349em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">separated from lease components. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.2018em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Impact from change in lease terms, lease payments or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.0349em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">modification of the lease contract is further described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.8681em;z-index:2496;\"><span class=\"stl_255 stl_20 stl_455\" style=\"word-spacing:-0.0027em;\">in note 27. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.5349em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">Right-of-use assets are depreciated over the shorter \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.3681em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">period of lease term and useful life of the underlying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.2012em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">asset. The depreciation starts at the commencement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.0343em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">date of the lease. IAS 36 is applied to determine \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.8674em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">whether a right-of-use asset is impaired and any iden- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.7006em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">tified impariment losses are accounted for as described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.5337em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">in note 15. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:24.6446em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.6914em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0233em;\">Inventories except for raw materials are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5245em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">at the lower of cost using the weighted average cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3576em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">formula method less write-downs for obsolescence and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.1907em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">net realisable value. Raw materials are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0239em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">cost based on the FIFO method. For raw materials, cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.857em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">is determined as direct acquisition costs incurred. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.6901em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">cost of finished goods produced in-house and work in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5232em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">progress includes raw materials, consumables, filling \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3564em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">cost, QC testing and direct payroll costs plus indirect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.1895em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0353em;\">costs of production. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8564em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">Indirect costs of production include indirect materials \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6895em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">and labour as well as maintenance of and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.5226em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">on the machinery used in production processes, factory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3557em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0351em;\">buildings and equipment used and cost of production \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2164em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">administration and management. The net realisable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0495em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">value is the estimated sales price in the ordinary course \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8826em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">of business less relevant sales costs determined on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7157em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">basis of marketability, obsolescence and changes in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5489em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">expected sales price. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:17.9779em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.0247em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.8578em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0348em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.6909em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">equal to the nominal value, net of impairment based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5241em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">on expected credit losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1909em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Write-downs are calculated using the \u2018full lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0241em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">expected credit losses\u2019 method, whereby the likelihood \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8572em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">of non-fulfilment throughout the lifetime of the finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6903em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">cial instrument is taken into consideration. A provision \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5234em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">account is used for this purpose. \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:22.5578em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.6046em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.4377em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0349em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.2708em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">equal to the nominal value, net of impairment, to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.1039em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">counter the loss after an individual assessment of risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.9371em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">of loss. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:24.6802em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.727em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Prepayments recognized under assets include costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5601em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">paid in respect of subsequent financial years, including \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3933em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">project costs incurred that relate to revenue of subse- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.2264em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">quent years. Prepayments are measured at cost. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:19.9101em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:20.9569em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Derivative financial instruments and liability relating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.79em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">to phantom shares are measured at fair value. For \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.6231em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">further details regarding measurement of fair value for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.4563em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">phantom shares see note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.1231em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">Other financial liabilities are measured at initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.9563em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">recognition at fair value less any transaction costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.7894em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Subsequent other financial liabilities are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.6225em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">amortized cost using the effective interest method, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.4556em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">whereby the difference between proceeds and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.2888em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">nominal value is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.1219em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">as a financial expense over the period. Amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.955em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">usually equal to the nominal value. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5574em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">On initial recognition, derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">are measured at the fair value on the settlement date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Directly attributable costs related to the purchase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">or issuance of the individual financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">(transaction costs) are added to the fair value on initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5618em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">recognition, unless the financial asset or the financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3949em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">liability is measured at fair value with recognition of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.228em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">fair value adjustments in the income statement. Subse- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0612em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0263em;\">quently, they are measured at fair value at the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8943em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">sheet date based on the official exchange rates, market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7274em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">interest rates and other market data such as volatility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5605em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">adjusted for the special characteristics of each instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3937em;\"><span class=\"stl_255 stl_20 stl_409\">ment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0605em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Changes in the fair value of derivative financial instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8937em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">ments designated as and qualifying for recognition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7268em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">as effective hedges of future transactions (cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5599em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0262em;\">hedges) are recognized as comprehensive income. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.393em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">The ineffective portion is recognized immediately in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2262em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">the income statement. When the hedged transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0593em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">are realized, cumulative changes are recognized in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8924em;z-index:2782;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0333em;\">income statement together with the hedged transa</span><span class=\"stl_255 stl_20 stl_283\">c</span><span class=\"stl_255 stl_20 stl_283\">- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.7255em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">tion or in respect of a non-financial item as part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5587em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">cost of the transactions in question. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.2255em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">For derivative financial instruments that do not qualify \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.0587em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">for hedge accounting, changes in fair value are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8918em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">nized as financials in the income statement as they \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.7249em;\"><span class=\"stl_255 stl_20 stl_415\">occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3918em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Company has designated certain derivative finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.2249em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">cial instruments as cash flow hedges as defined under \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.558em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">IFRS 9 \"Financial Instruments\". Hedge accounting is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.3912em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">classified as a cash flow hedge when the hedges of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">a particular risk is associated with the cash flows of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.0574em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">highly probable forecast transactions. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:15.7187em;\"><span class=\"stl_261 stl_16 stl_407\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.5574em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Securities consist of listed bonds, which are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.3905em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">at fair value on initial recognition and as of the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.2237em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">sheet date. The Group\u2019s portfolio of securities is treated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.0568em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">as \"financial items at fair value through profit or loss\", \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.8899em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0344em;\">as the portfolio is accounted for and valued on the basis \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.723em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">of the fair value in compliance with the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.5562em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">investment policy. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.223em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Both realized and unrealized value adjustments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.0562em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">recognized in the income statement under financials. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:32.0612em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.108em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">Loans are measured at the time of borrowing at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.9411em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">value less any transaction costs. Subsequently, debt is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.7742em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">measured at amortized cost. This means that the differ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6074em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">ence between the proceeds of the loan and the amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.4405em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">to be repaid is recognized in the income statement over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.2736em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">the term of the loan as a financial expense using the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.1067em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">effective interest method. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">The lease liability is initially measured at the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">value of the future lease payments (see further in note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">17), discounted by using an incremental country specific \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">borrowing rate ranging from 2.5% to 3.0% applying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">only a single discount rate for a portfolio of lease assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">with reasonable similar characteristics. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3955em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">The lease liability is subsequently measured by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.2287em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">increasing the carrying amount to reflect interest on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0618em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the lease liability using the effective interest method \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8949em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">and by reducing the carrying amount to reflect the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.728em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">lease payments made. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3949em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">The lease liability is remeasured and corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.228em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0251em;\">adjustments are made to the related right-of-use-asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0612em;\"><span class=\"stl_255 stl_20 stl_326\">whenever: \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.5612em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:11.5612em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">The lease term has changed, in which case the lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:12.3943em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">liability is remeasured by discounting the revised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:13.2274em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">lease payments using a revised discount rate. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.8943em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:14.8943em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">The lease payments change due to changes in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:15.7274em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">an index or rate, in which case the lease liability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:16.5605em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">is remeasured by discounting the revised lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:17.3937em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">payments using an unchanged discount rate. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.0605em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:19.0605em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">A lease contract is modified and the lease modifi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:19.8937em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">cation is not accounted for as a seperate lease, in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:20.7268em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">which case the lease liability is remeasured based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:21.5599em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the lease term of the modified lease by discounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:22.393em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">the revised lease payments using a revised discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:23.2262em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">rate at the effective date of the modification. \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:10.2722em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.3189em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Share-based incentive plans in which employees can \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.1521em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">only opt to buy shares in the Company (warrants) are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9852em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">measured at the equity instruments\u2019 fair value at the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.8183em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">grant date and recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.6514em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">over the vesting period. The balancing item is recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.4846em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">nized directly in equity. The fair value on the date of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.3177em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">grant is determined using the Black-Scholes model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.9846em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Cash-based incentive programs in which employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.8177em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">can have the difference between the agreed exer- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">cise price and the actual share price settled in cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.4839em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0247em;\">(phantom shares) are measured at fair value at the date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.3171em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">of grant and recognized in the income statement over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.1502em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">the period when the final right of cash-settlement is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.9833em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">obtained. Granted rights are subsequently re-measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.8164em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">on each balance sheet date and upon final settlement, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.6496em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">and any changes in the fair value of the programs are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.4827em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">recognized in the income statement. The balancing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.3158em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">item is recognized under other liabilities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.9827em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">The fair value of the cash-based incentive programs is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.8158em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">determined using the Black-Scholes model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.4827em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Restricted stock units are measured at fair value at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.3158em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">grant date. Based on the achieved cash bonus for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.1489em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">members of the Executive Management, subject to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.9821em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">Board of Directors\u2019 decision on the portion that should \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.8152em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">be converted to restricted stock units, the number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.6483em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">restricted stock units are calculated by dividing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.4814em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">allocated cash bonus amount by the share price of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.3146em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Company at grant date. As the cash bonus has already \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.3146em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">been accrued and expensed in the income statement, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.1477em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">the grant of restricted stock units has no additional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.9808em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">impact on the income statement. The accrued liability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.8139em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">for the converted cash bonus is reclassified to equity. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.6471em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares are measured at the same fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.4802em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">as the initial restricted stock units and expensed over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.3133em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the three year vesting period. The balancing item is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.1464em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">recognized directly in equity. Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.9796em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">granted as sign-on bonus for members of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.8127em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Management and restricted stock units granted to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.6458em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Board of Directors are expensed at grant date with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.4789em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">balancing item recognized directly in equity. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:22.1402em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.033em;\">Incentive plans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.9789em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">In order to motivate and retain key employees and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.8121em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">encourage the achievement of common goals for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.6452em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">employees, management and shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.4783em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">Company has established incentive plans by way of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.3114em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">warrant programs and restricted stock units programs, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.1446em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">the latter only for members of the Executive Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.9777em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">ment and Board of Directors. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.6446em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Furthermore, the Company has established three-year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.4777em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">phantom share programs for all employees of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.3108em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Group except for Executive Management and other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.1439em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">employees receiving warrants. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:33.8052em;\"><span class=\"stl_261 stl_16 stl_140\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.6439em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Board of Directors has been granting warrants to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.4771em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">the Company\u00b4s management and selected employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.3102em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">of the Company and its subsidiaries. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:11.3102em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">The warrants are granted in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.1433em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">authorizations given to the Board of Directors by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.9764em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">shareholders. The Board of Directors has fixed the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:13.8096em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">terms of and the size of the grants of warrants, taking \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:14.6427em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">into account authorizations from the shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.4758em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">Group's guidelines for incentive pay, an assessment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.3089em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">expectations of the recipient\u00b4s work efforts and contri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.1421em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">bution to the Group\u00b4s growth, as well as the need to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.9752em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">motivate and retain the recipient. Grant takes place on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.8083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">the date of establishment of the program. Exercise of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:19.6414em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">warrants is by default subject to continuing employ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:20.4746em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">ment with the Group. The warrants granted are subject \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.3077em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">to the provisions of the Danish Public Companies Act \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.1408em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">regarding termination of employees prior to their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.9739em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">exercise of warrants in the case of recipients who are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:23.8071em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0377em;\">subject to the act. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1914": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Significant accounting policies \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1708em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0341em;\">Basis of preparation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">The consolidated financial statements for Bavarian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">Nordic have been prepared in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">International Financial Reporting Standards (IFRS) as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">adopted by the EU and Danish disclosure requirements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">for the consolidated financial statements of listed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1751em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">companies. Danish disclosure requirements for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">presentation of consolidated financial statements are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8414em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">imposed by the Statutory Order on Adoption of IFRS \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6745em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">issued under the Danish Financial Statements Act. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">The accounting policies are unchanged from last year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">except for changes due to implementation of new and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">revised standards that were effective January 1, 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6745em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">The consolidated financial statements are presented in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Danish kroner (DKK), which is the functional currency of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3408em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0224em;\">the parent company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.0076em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">The consolidated financial statements are presented on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8408em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">a historical cost basis, apart from derivative financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6739em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">instruments, securities and liability relating to phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.507em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">shares, which are measured at fair value. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1739em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">The accounting policies have been consistently applied \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.007em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">for the financial year and for the comparative figures \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8401em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">except for implementation of new standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6733em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">amendments, see further below. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.3401em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">In the narrative sections of the consolidated financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.1733em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">statements comparative figures for 2021 are shown in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.0064em;\"><span class=\"stl_255 stl_20 stl_350\">brackets. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.1676em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0343em;\">Implementation of new and revised standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0008em;\"><span class=\"stl_261 stl_16 stl_409\">interpretations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8395em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">Management has assessed the impact of new or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.6726em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">amended and revised accounting standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5058em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">interpretations (IFRSs) issued by the IASB and IFRSs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3389em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">endorsed by the European Union effective on or after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.172em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">January 1, 2022. It is assessed that application of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0051em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">amendments effective from January 1, 2022 has not had \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">a material impact on the consolidated</span></div><div class=\"stl_01\" style=\"left:32.292em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.6714em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">ments for 2022. Furthermore, Management does not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5045em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">anticipate any significant impact on future periods from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3376em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0351em;\">the adoption of these amendments. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:20.9976em;\"><span class=\"stl_599 stl_57 stl_107\" style=\"word-spacing:-0.0285em;\">Standards and interpretations not yet in force \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8376em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">At the date of publication of the consolidated financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.6708em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">statements, a number of new and amended standards \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.5039em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0221em;\">and interpretations have not yet entered into force or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.337em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0233em;\">have not yet been adopted by the EU. Therefore, they \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1701em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0298em;\">are not incorporated in the consolidated financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.0033em;\"><span class=\"stl_255 stl_20 stl_345\">ments. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6701em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">None of the new or amended standards and interpre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.5033em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">tations are expected to have a material impact on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3364em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">consolidated financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:30.9976em;\"><span class=\"stl_261 stl_16 stl_139\" style=\"word-spacing:-0.0404em;\">Applying materiality \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.8364em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">The consolidated financial statements are a result of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.6695em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">processing large numbers of transactions and aggre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:33.5026em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">gating those transactions into classes according to their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.3358em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">nature or function. The transactions are presented in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.1689em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">classes of similar items in the consolidated financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.002em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">statements. If a line item is not individually material, it \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.8351em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">is aggregated with other items of a similar nature in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:37.6683em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">consolidated financial statements or in the notes. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:10.1683em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">The specific disclosures required by IFRS are provided \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:11.0014em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">in the Consolidated Financial Statements unless the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:11.8345em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">information is considered immaterial to the users of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.6676em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:14.3289em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0325em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.1676em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">The accounting policies for specific line items are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.0008em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">described in the notes to the financial statements. Set \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.8339em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">out below is a description of the accounting policies for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.667em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the basis of consolidation, foreign currency translation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.5001em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">and the cash flow statement. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:20.1614em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Recognition and measurement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.0001em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Income is recognized in the income statement when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.8333em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0316em;\">generated. Assets and liabilities are recognized in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.6664em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">the balance sheet when it is probable that any future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:23.4995em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">economic benefit will flow to or from the Group and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:24.3326em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">the value can be reliably measured. On initial recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:25.1658em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">nition, assets and liabilities are measured at cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:25.9989em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Subsequently, assets and liabilities are measured as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:26.832em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">described in the description of the accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:27.6651em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">in the respective notes to the financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:29.3264em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Basis of consolidation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:30.1651em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The consolidated financial statements include Bavarian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:30.9983em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Nordic </span><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">A/S</span><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\"> and the subsidiaries in which the Group</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:31.8314em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">holds more than 50% of the voting rights or otherwise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:32.6645em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0244em;\">has control. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:34.3258em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0357em;\">Principles of consolidation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:35.1645em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">The consolidated financial statements are prepared \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:35.9976em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">on the basis of the financial statements of the parent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:36.8308em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">company and the individual subsidiaries, and these are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:37.6639em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0218em;\">prepared in accordance with the Group\u2019s accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:38.497em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">policies and for the same accounting period. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7488em;top:10.1639em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Intra-group income and expenses together with all \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:10.997em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">intra-group profits, receivables and payables are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:11.8301em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">eliminated on consolidation. In the preparation of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:12.6633em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">consolidated financial statements, the book value of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:13.4964em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">shares in subsidiaries held by the parent company is set \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:14.3295em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">off against the equity of the subsidiaries. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7488em;top:15.9908em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">Foreign currency translation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:16.8295em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">On initial recognition, transactions denominated in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:17.6626em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">currencies other than the Group\u2019s functional currency \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:18.4958em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">are translated at the exchange rate ruling at the trans- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:19.3289em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">action date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:20.9958em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">Receivables, payables and other monetary items \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:21.8289em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">denominated in foreign currencies that have not been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:22.662em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">settled at the balance sheet date are translated at the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:23.4951em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">exchange rates at the balance sheet date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:25.162em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">Exchange differences between the exchange rate at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:25.9951em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the date of the transaction and the exchange rate at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:26.8283em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">the date of payment or the balance sheet date, respec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:27.6614em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">tively, are recognized in the income statement under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:28.4945em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">financials. Property, plant and equipment and intan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:29.3276em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">gible assets, inventories and other nonmonetary assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:30.1608em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">acquired in foreign currency and measured based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:30.9939em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">historical cost are translated at the exchange rates at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:31.827em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">the transaction date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:33.4939em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">On recognition in the consolidated financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:34.327em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">ments of subsidiaries whose financial statements are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:35.1601em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">presented in a functional currency other than Danish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:35.9933em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">kroner (DKK), the income statements are translated at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:36.8264em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the average exchange rates of the respective months. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1764em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">Balance sheet items are translated at the exchange \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">rates at the balance sheet date. Exchange differences \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">arising on the translation of foreign subsidiaries\u2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">opening balance sheet items to the exchange rates at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">the balance sheet date and on the translation of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">income statements from average exchange rates of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1751em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">respective months to exchange rates at the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0083em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">sheet date are recognized as other comprehensive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8414em;\"><span class=\"stl_255 stl_20 stl_87\">income. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:18.5026em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0383em;\">Segment reporting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">The Group does not prepare segment reporting inter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">nally and therefore only reports one operating segment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_103\">externally. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6745em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">Geographic spilt of revenue and revenue from major \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">customers is disclosed in note 3 to the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3408em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">financial statements. Geographic location of noncurrent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.1739em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">assets is disclosed in note 15 and 16 to the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.007em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:27.6683em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Cash flow statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.507em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">The cash flow statement is prepared in accordance with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.3401em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">the indirect method on the basis of the Group\u2019s net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1733em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0202em;\">result for the year. The statement shows the Group\u2019s \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.0064em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">cash flows broken down into operating, investing and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8395em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">financing activities, cash and cash equivalents at year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6726em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">end and the impact of the calculated cash flows on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.5058em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">Group\u2019s cash and cash equivalents. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.1726em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Cash flows in foreign currencies are translated into \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.0058em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Danish kroner (DKK) at the exchange rate on the trans- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.8389em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">action date. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.172em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">In the cash flows from operating activities, net profit for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0051em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">the year is adjusted for non-cash operating items and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8383em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0359em;\">changes in working capital. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5051em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Cash flows from investing activities include cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3383em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">from the purchase and sale of intangible assets, prop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.1714em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">erty, plant and equipment, investments and securities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">Cash flows from financing activities include cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.6714em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">from the raising and payment of loans and capital \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5045em;\"><span class=\"stl_255 stl_20 stl_91\">increases. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.1714em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">Additionally, cash flows from assets held under finance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.0045em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">leases are recognized by way of lease payments made. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:22.6658em;\"><span class=\"stl_261 stl_16 stl_446\" style=\"word-spacing:-0.0395em;\">Reporting under the ESEF Regulation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.5045em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">The Commission Delegated Regulation (EU) 2019/815 on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.3376em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">the European Single Electronic Format (ESEF Regulation) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1708em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">requires the use of a particular electronic reporting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.0039em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">format for annual reports of listed companies in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.837em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">EU. More specifically, the ESEF Regulation requires the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6701em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">annual report to be prepared in XHTML format with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.5033em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">iXBRL tagging of the consolidated financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3364em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">including notes. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.0033em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The Company\u2019s iXBRL tagging has been made using the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.8364em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">ESEF taxonomy disclosed in the annexes to the ESEF \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.6695em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Regulation and developed based on the IFRS taxonomy \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:33.5026em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">published by the IFRS Foundation. The 2021 version of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.3358em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">the ESEF taxonomy has been used in the annual report \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.1689em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">for 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.8358em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">The line items in the consolidated financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:37.6689em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">are XBRL-tagged to the elements of the ESEF taxonomy \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.1764em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0245em;\">that are considered to match the content of those line \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0236em;\">items. For line items not considered to be covered by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">line items defined in the taxonomy, entity-specific \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">extensions to the taxonomy have been incorporated. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Except for subtotals, these extensions are anchored to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">standard elements of the ESEF taxonomy. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.0089em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Consistently with the requirements of the ESEF Regu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.842em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">lation, the annual report approved by Management is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.6751em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0213em;\">comprised of a ZIP file bava-2022-12-31-en.zip, which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.5083em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">includes an XHTML file that may be opened using \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">standard web browsers, and a number of technical \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">XBRL files enabling mechanical retrieval of the XBRL \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">data incorporated. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:22.6689em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Net asset value per share: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6627em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_330\">Equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.4589em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0232em;\">Number of shares at year-end \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.1201em;\"><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">Share price/Net asset value per share: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.1358em;top:26.9589em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">Market price per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.9101em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Net asset value per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.5714em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Equity share, %: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.4101em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0374em;\">Equity x 100 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7595em;top:31.3614em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.023em;\">Total assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.0283em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Earnings per share and diluted earnings per share are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.8614em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">calculated in accordance with IAS 33 \u201cEarnings per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.6945em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">share\u201d and specified in note 14. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Significant accounting policies </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_601\" style=\"word-spacing:0.0028em;\">Significant accounting estimates and judgments \u00a0</span></div><div class=\"stl_01\" style=\"left:6.3911em;top:9.9916em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0384em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">In the preparation of the consolidated financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8715em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ments, Management makes a number of accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.7046em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">estimates, which form the basis for the presentation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5378em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">recognition and measurement of the Group's assets and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3709em;\"><span class=\"stl_255 stl_20 stl_263\">liabilities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0378em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">The recognition and measurement of assets and liabil- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8709em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">ities often depend on future events that are somewhat \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.704em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">uncertain. In that connection, it is necessary to assume \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.5371em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">a course of events that reflects Management\u2019s assess- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3703em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">ment of the most probable course of events. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0371em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">The key accounting estimates identified are those that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8703em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">have a significant risk of resulting in a material adjust- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.7034em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">ment to the measurement of assets and liabilities in \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.0365em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">the following reporting period. Management bases its \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8696em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">estimates on historical experience and various other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.7028em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">assumptions that are held to be reasonable under the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5359em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">circumstances. The estimates and underlying assump- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.369em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">tions are reviewed on an ongoing basis. If necessary, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.2021em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">changes are recognised in the period in which the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0353em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">estimate is revised. Management considers the key \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8684em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">accounting estimates to be reasonable and appropriate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.7015em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">based on currently available information. The actual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5346em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">amounts may differ from the amounts estimated as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3678em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">more detailed information becomes available. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.0346em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Management has made the following accounting esti- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8678em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">mates which significantly affect the amounts recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.7009em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">nized in the consolidated financial statements: \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.035em;\">Accounting policy \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0323em;\">Key accounting estimates and judgements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.0557em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_201\">Note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.756em;\"><span class=\"stl_255 stl_20 stl_32\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:26.756em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Estimate of US sales deductions and provisions for sales rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0888em;top:26.756em;\"><span class=\"stl_268 stl_20 stl_18\">3</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.7779em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:27.7779em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Estimate regarding impairment of assets; assessment whether future sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.7782em;top:27.7773em;\"><span class=\"stl_268 stl_20 stl_335\">15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:28.611em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">and development milestones have become probably; assessment whether \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:29.4442em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">development costs should be expensed or capitalized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.466em;\"><span class=\"stl_255 stl_20 stl_96\">Inventories \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:30.466em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">Estimate of indirect production costs capitalized and inventory write-down \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.775em;top:30.466em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_325\">Revenue \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0735em;top:10.2008em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.0753em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Sale of goods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.914em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Revenue from sale of goods is recognized when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7472em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">Bavarian Nordic has transferred control of products sold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5803em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">to the buyer and it is probable that Bavarian Nordic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.4134em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">will collect the consideration to which it is entitled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2465em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">for transferring the products. Control of the products \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.0797em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">is transferred at a point in time, typically on delivery. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.9128em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">The amount of sales to be recognized is based on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.7459em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">consideration Bavarian Nordic expects to receive in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.579em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">exchange for its goods. When sales are recognized, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.4122em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Bavarian Nordic also records estimates for a variety of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.2453em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">sales deductions, including product returns as well as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0784em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">rebates and discounts to government agencies, whole- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.9115em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">salers, health insurance companies, managed health- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7447em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">care organisations and retail customers. Revenue is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.5778em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">measured net of value added tax, duties, etc. collected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.4109em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">on behalf of a third party. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0778em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Where contracts contain customer acceptance criteria, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.9109em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Bavarian Nordic recognizes sales when the acceptance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.744em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">criteria are satisfied. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.4109em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">Where absolute amounts are known, the rebates are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.244em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">recognized as other liabilities. Wholesaler charge-backs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0772em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">are netted against trade receivable balances. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.744em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">The pricing mechanisms in the US market and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.5772em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">different kind of rebates are described below. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:35.2372em;\"><span class=\"stl_599 stl_57 stl_256\" style=\"word-spacing:-0.0362em;\">Pricing mechanisms in the US market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.0772em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">In the US, sales rebates are paid in connection with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.9103em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">government and commercial programmes. Key \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.0772em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">customers in the US include private payers, Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.9103em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Purchasing Organizations (GPOs) and government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7434em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">payers. GPOs play a role in negotiating price conces- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5765em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">sions with drug manufacturers for the commercial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.4097em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">channels, and determine which drugs are offered as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.2428em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">preferred options on their drug lists. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:26.9009em;\"><span class=\"stl_599 stl_57 stl_510\" style=\"word-spacing:-0.0387em;\">Wholesaler charge-backs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.7409em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">Wholesaler charge-backs relate to contractual arrange- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.574em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">ments between Bavarian Nordic and indirect customers \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.4072em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">whereby products are sold at contract prices lower \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.2403em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">than the list price originally charged to wholesalers. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.0734em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">A wholesaler charge-back represents the difference \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.9065em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">between the invoice price to the wholesaler and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:32.7397em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">indirect customer\u2019s contract price. Accruals are calcu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:33.5728em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">lated for estimated charge-backs using a combination \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:34.4059em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">of factors such as historical experience, current whole- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:35.239em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">saler inventory levels, contract terms and the value of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:36.0722em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">claims received but not yet processed. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:16.9028em;\"><span class=\"stl_599 stl_57 stl_409\" style=\"word-spacing:-0.0324em;\">US Medicaid &amp; Medicare rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7428em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Medicaid &amp; Medicare are government insurance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5759em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programmes. Medicaid and Medicare rebates have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.409em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">been estimated using a combination of historical expe- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.2422em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">rience, product and population growth, price increases, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.0753em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">and the impact of contracting strategies. The calcula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.9084em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">tion also involves interpretation of relevant regulations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.7415em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">that are subject to changes in interpretative guidance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.5747em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">from government authorities. Bavarian Nordic adjusts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.4078em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">the provision periodically to reflect actual sales perfor- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.2409em;\"><span class=\"stl_255 stl_20 stl_108\">mance. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:11.579em;\"><span class=\"stl_599 stl_57 stl_205\" style=\"word-spacing:-0.0351em;\">Other discounts and sales returns \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.419em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Other discounts are provided to wholesalers, hospi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">tals, pharmacies, etc. They are usually linked to sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">volume or provided as cash discounts. Accruals are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">calculated based on historical data and recorded as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">reduction in gross sales at the time the related sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">are recorded. Sales returns are related to damaged or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.4177em;\"><span class=\"stl_255 stl_20 stl_412\" style=\"word-spacing:-0.037em;\">expired products. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:19.079em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Sale of services and licenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.9177em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">Furthermore, revenue comprises the fair value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.7508em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">consideration received or receivable for income derived \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.584em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">from development services where revenue is measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.4171em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">at the expected net sales price. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.084em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Sales of licenses that transfer the rights associated with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.9171em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ownership of intellectual property are recognized at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.7502em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">a point in time when control is transferred. Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.5833em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">from development services and licenses that do not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.4165em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">transfer the right of ownership to intellectual property \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.2496em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">are recognized over time in line with the execution and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.0827em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.035em;\">delivery of the work. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.5827em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0327em;\">Agreements with commercial partners generally \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.4158em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">include non-refundable upfront license and collabora- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.249em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">tion fees, milestone payments, the receipt of which is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.0821em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">dependent upon the achievement of certain clinical, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.9152em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">regulatory or commercial milestones, as well as royal- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.7483em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">ties on product sales of licensed products, if and when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.5815em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">such product sales occur, and revenue from the supply \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.4146em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">of products. For these agreements that include multiple \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.2477em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">elements, total contract consideration is attributed to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.0808em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">separately identifiable components on a reliable basis \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.914em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">that reasonably reflects the selling prices that might be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.7471em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0358em;\">expected to be achieved in stand-alone transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5802em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">provided that each component has value to the partner \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.4133em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">on a stand-alone basis. The allocated consideration is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2465em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">recognized as revenue in accordance with the principles \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0796em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">described above. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.3324em;top:10.5216em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5628em;\"><span class=\"stl_261 stl_16 stl_256\" style=\"word-spacing:-0.0359em;\">Provisions for sales deductions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.4016em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">Sales discounts and rebates are predominantly issued \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2347em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">in the US in connection with the US Federal and State \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0678em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">Government Healthcare programs, namely Medicare \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.9009em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">and Medicaid, and commercial rebates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5678em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">The estimate of sales discounts and rebates is based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.4009em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">a calculation which includes a combination of historical \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.2341em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">utilization data, combined with expectations in relation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0672em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">to the development in sales and utilization. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.9003em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">more, specific circumstances regarding the different \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7334em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programs are considered. The obligations concerning \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5666em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">sales discounts and rebates are incurred at the time the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3997em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">sale is recorded. However, the actual discount or rebate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2328em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">related to a specific sale may be invoiced later. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8997em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Bavarian Nordic considers the provisions established \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7328em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">for sales discounts and rebates to be reasonable and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5659em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">appropriate based on currently available information. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3991em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">However, the actual amount of discounts and rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2322em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">may differ from the amounts estimated as more \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0653em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">detailed information becomes available. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7783em;top:11.5597em;\"><span class=\"stl_261 stl_16 stl_17\" style=\"word-spacing:-0.0409em;\">Partner contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:12.3984em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Whether a component of a multiple element contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:13.2316em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">has value to the partner on a stand-alone basis is based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:14.0647em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">on an assessment of specific facts and circumstances \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:14.8978em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">and is associated with judgement. This applies also to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:15.7309em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">the assessment of whether a license transfers rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:16.5641em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">associated with ownership of an intangible asset. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:17.3972em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Furthermore, allocation of the total consideration of a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:18.2303em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">contract to separately identifiable components requires \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:19.0634em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">considerable estimates and judgement to be made by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:19.8966em;\"><span class=\"stl_255 stl_20 stl_205\">Management. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:21.5634em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">At inception and throughout the life of a contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:22.3966em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">Management is performing an analysis of the agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:23.2297em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">ment with its partners based on available facts and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:24.0628em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">circumstances at each assessment date such as histor- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:24.8959em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">ical experience and knowledge from the market to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:25.7291em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">extent obtainable. This includes also an understanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:26.5622em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">of the purpose of the deliverables under the contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:27.3953em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">and the negotiation taken place prior to concluding the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:28.2284em;\"><span class=\"stl_255 stl_20 stl_297\">contract. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7243em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_37\" style=\"word-spacing:0.0137em;\">Revenue </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2795em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">MVA-BN smallpox vaccine sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9744em;top:11.9639em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">730</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_250\">472 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2432em;top:11.9639em;\"><span class=\"stl_268 stl_20 stl_125\">733</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_45\">593 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9858em;\"><span class=\"stl_255 stl_20 stl_31\">Rabipur/RabAvert \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4907em;top:12.9858em;z-index:749;\"><span class=\"stl_268 stl_20 stl_548\">879</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">341 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2788em;top:12.9858em;\"><span class=\"stl_268 stl_20 stl_18\">505</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_295\">769 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.0077em;\"><span class=\"stl_255 stl_20 stl_199\">Encepur \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4369em;top:14.0077em;\"><span class=\"stl_268 stl_20 stl_604\">298</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_91\">736 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2288em;top:14.0077em;\"><span class=\"stl_268 stl_20 stl_124\">363</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_246\">054 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.0295em;\"><span class=\"stl_255 stl_20 stl_510\" style=\"word-spacing:-0.0388em;\">Other product sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.45em;top:15.0295em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_242\">496 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2138em;top:15.0295em;\"><span class=\"stl_268 stl_20 stl_125\">260</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_127\">225 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.0458em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Sale of goods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8238em;top:16.0458em;z-index:840;\"><span class=\"stl_261 stl_16 stl_378\">3,</span><span class=\"stl_257 stl_16 stl_313\">01</span><span class=\"stl_261 stl_16 stl_546\">7,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_274\" style=\"word-spacing:1.216em;\">45 </span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_09\">6</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_317\">,64</span><span class=\"stl_257 stl_16 stl_317\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.77em;top:17.677em;\"><span class=\"stl_268 stl_20 stl_151\">83</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">048 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:18.6989em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">Contract work \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7919em;top:18.6989em;\"><span class=\"stl_268 stl_20 stl_151\">50</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5582em;top:18.6989em;\"><span class=\"stl_268 stl_20 stl_465\">35</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_134\">234 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:19.7152em;\"><span class=\"stl_261 stl_16 stl_472\" style=\"word-spacing:-0.0389em;\">Sale of services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.355em;top:19.7152em;\"><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_416\">33,74</span><span class=\"stl_257 stl_16 stl_416\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4232em;top:19.7152em;\"><span class=\"stl_261 stl_16 stl_445\">35,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_85\">34 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:21.3408em;\"><span class=\"stl_261 stl_16 stl_215\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8419em;top:21.3408em;z-index:947;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_239\">,793 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5694em;top:21.3408em;z-index:959;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_605\">97,</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_282\">75 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.9664em;\"><span class=\"stl_261 stl_16 stl_219\" style=\"word-spacing:-0.0278em;\">Total revenue includes: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Fair value adjustment concerning financial instruments entered into to hedge revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7419em;top:23.9939em;z-index:1074;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_176\">072</span><span class=\"stl_255 stl_20 stl_176\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:25.6139em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.0337em;\">Geographic split of revenue: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:26.6414em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4694em;top:26.6414em;\"><span class=\"stl_268 stl_20 stl_45\">841</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_151\">527 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7144em;top:26.6414em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_127\">066</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_74\">800 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:27.6633em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4419em;top:27.6633em;\"><span class=\"stl_268 stl_20 stl_310\">650</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1975em;top:27.6633em;\"><span class=\"stl_268 stl_20 stl_85\">258</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:28.6852em;\"><span class=\"stl_255 stl_20 stl_412\">Belgium \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4575em;top:28.6852em;\"><span class=\"stl_268 stl_20 stl_282\">335</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">399 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2494em;top:28.6852em;\"><span class=\"stl_268 stl_20 stl_570\">264</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_292\">410 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:29.707em;\"><span class=\"stl_255 stl_20 stl_78\">France \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4994em;top:29.707em;z-index:1187;\"><span class=\"stl_268 stl_20 stl_492\">268</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_158\">186 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5525em;top:29.707em;\"><span class=\"stl_268 stl_20 stl_158\">26</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_205\">088 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:30.7289em;\"><span class=\"stl_255 stl_20 stl_344\">Canada \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5125em;top:30.7289em;z-index:1210;\"><span class=\"stl_268 stl_20 stl_606\">197</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">283 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6119em;top:30.7289em;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:31.7508em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">United Kingdom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5194em;top:31.7508em;z-index:1241;\"><span class=\"stl_268 stl_20 stl_586\">169</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">203 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.595em;top:31.7508em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_378\">975 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:32.7727em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">Hong Kong \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4982em;top:32.7727em;\"><span class=\"stl_268 stl_20 stl_285\">115</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_323\">599 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:32.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:33.7945em;\"><span class=\"stl_255 stl_20 stl_510\" style=\"word-spacing:-0.0389em;\">Saudi Arabia \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4488em;top:33.7945em;\"><span class=\"stl_268 stl_20 stl_432\">100</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_76\">442 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:33.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:34.8164em;\"><span class=\"stl_255 stl_20 stl_350\">Australia \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8407em;top:34.8164em;z-index:1311;\"><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_566\">655 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.87em;top:34.8164em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_127\">504 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:35.8383em;\"><span class=\"stl_255 stl_20 stl_83\">Switzerland \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7907em;top:35.8383em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_215\">986 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6469em;top:35.8383em;z-index:1345;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:36.8602em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0359em;\">Other geographic markets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4257em;top:36.8602em;\"><span class=\"stl_268 stl_20 stl_85\">304</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_323\">305 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2907em;top:36.8602em;z-index:1387;\"><span class=\"stl_268 stl_20 stl_247\">228</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">152 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:38.4802em;\"><span class=\"stl_261 stl_16 stl_215\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8419em;top:38.4802em;z-index:1401;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_239\">,793 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5694em;top:38.4802em;z-index:1413;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_605\">97,</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_282\">75 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Other product sale for 2022 consist of the following: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8858em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:11.8858em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">Sale of Mvabea (Ebola vaccine) to Janssen. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7189em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:12.7189em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Sale of Dukoral and Ixiaro licensed from Valneva \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Sale of Heplisav-B licensed from Dynavax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.052em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">In 2022 revenue achieved on the Danish market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8852em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0237em;\">amounted to DKK 19.3 million (DKK 0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.552em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">In 2022 no customer represented more than 10% of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3852em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0218em;\">total revenue. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.052em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">In 2021 the following customers represented more than \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.8852em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">10% of total revenue: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.552em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:23.552em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0316em;\">Biomedical Advanced Research and Development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:24.3852em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">Authority (BARDA), USA, DKK 675.3 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.052em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:26.052em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Janssen Pharmaceutica NV, Belgium, DKK 260.2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:26.8852em;\"><span class=\"stl_255 stl_20 stl_74\">million. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_37\" style=\"word-spacing:0.0137em;\">Revenue </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Accounting for contract with Biomedical Advanced \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0464em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">Research and Development Authority (BARDA) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">In April 2020, BARDA placed a new order for the manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_510\" style=\"word-spacing:-0.0389em;\">facturing and supply of JYNNEOS</span><sup style=\"top: -0.2075em;\"><span class=\"stl_608 stl_20 stl_609\">\u00ae</span></sup><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">, at a total value of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">USD 202 million. The contract expansion covered manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">facturing of 35 bulk drug substance (BDS) batches and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">the supply of up to 1.4 million doses of liquid-frozen \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_233\">JYNNEOS</span><sup style=\"top: -0.2073em;\"><span class=\"stl_608 stl_20 stl_610\">\u00ae</span></sup><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0239em;\">. At year-end 2022 only 6 BDS batches remain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:16.8854em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">to be manufactured and invoiced. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:18.5523em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">In June and July 2022, BARDA ordered in total 5,500,000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:19.3854em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">doses of liquid-frozen JYNNEOS</span><sup style=\"top: -0.2079em;\"><span class=\"stl_608 stl_20 stl_609\">\u00ae</span></sup><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">, for delivery in 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:20.2187em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">and 2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:21.8856em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">When BDS batches are invoiced to BARDA the BDS \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:22.7187em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">batches remain in the Company's physical possession \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:23.5518em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">until filling as final product. The filling takes place \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:24.385em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">either at the Company's facility in Kvistgaard or at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:25.2181em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">CMO's (a bill-and-hold arrangement). Revenue is recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:26.0512em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">nized once the BDS are releasable according to contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:26.8843em;\"><span class=\"stl_255 stl_20 stl_506\" style=\"word-spacing:-0.0377em;\">with BARDA. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:28.5512em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Payment is due within 30 days after invoicing. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7242em;top:30.2125em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Accounting for license and collaboration agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:31.0456em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">ments with Nuance Pharma \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:31.8843em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">In March 2022, Bavarian Nordic entered into an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:32.7175em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">exclusive license and supply agreement with Nuance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:33.5506em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Pharma, on the development and commercialization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:34.3837em;\"><span class=\"stl_255 stl_20 stl_165\" style=\"word-spacing:-0.0099em;\">of MVA-BN</span><sup style=\"top: -0.2063em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_102\" style=\"word-spacing:-0.0372em;\">RSV against respiratory syncytial virus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:35.2187em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">(RSV) in adults in Chinese Mainland, Hong Kong, Macau, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:36.0518em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Taiwan, South Korea and certain Southeast Asian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:36.885em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">countries. The agreement entails clinical development, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:37.7181em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">including a Phase 3 trial to support regulatory approval \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7328em;top:10.2181em;\"><span class=\"stl_255 stl_20 stl_500\" style=\"word-spacing:-0.0095em;\">of MVA-BN</span><sup style=\"top: -0.2073em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">RSV in China, which will be conducted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">separately from the Company\u2019s own Phase 3 trial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">planned for initiation later in the first half of 2022 to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0351em;\">support a U.S. Biologics License Application. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">Under the terms of the agreement, Bavarian Nordic has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">received an upfront payment of USD 12.5 million and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">is eligible to receive future milestone payments of up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">to USD 212.5 million that are triggered upon achieve- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">ment of certain clinical, regulatory, and commercial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">milestones, in addition to tiered, double-digit royalties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">on future net sales. The received upfront payment has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">been recognized as revenue. The future milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">payments will be recognized as revenue once the mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:21.8833em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">stones are achieved. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:23.5502em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Nuance Pharma will assume all costs and responsibility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:24.3833em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">for the clinical development, regulatory filings, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:25.2164em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">commercialization of the vaccine in territories covered \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:26.0495em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">by the agreement. Subject to Chinese regulatory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:26.8827em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0353em;\">authority (National Medical Products Administration, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:27.7158em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">NMPA) approval, Phase 1 and Phase 3 trials are planned \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:28.5489em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">for the vaccine approval in China. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_37\" style=\"word-spacing:0.0137em;\">Revenue </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_132\" style=\"word-spacing:0.0075em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2528em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2471em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2471em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9371em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Cost of goods sold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4125em;top:11.9371em;\"><span class=\"stl_268 stl_20 stl_248\">644</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_91\">683 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2794em;top:11.9371em;z-index:121;\"><span class=\"stl_268 stl_20 stl_611\">539</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">789 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.959em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">Contract costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8163em;top:12.959em;z-index:143;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_332\">889 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6019em;top:12.959em;\"><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_294\">959 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9809em;\"><span class=\"stl_255 stl_20 stl_474\" style=\"word-spacing:-0.0365em;\">Other production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5057em;top:13.9809em;\"><span class=\"stl_268 stl_20 stl_260\">512</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_71\">024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2188em;top:13.9809em;\"><span class=\"stl_268 stl_20 stl_300\">492</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_127\">877 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.0028em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0383em;\">Amortization of product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4638em;top:15.0028em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2432em;top:15.0028em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:16.019em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0354em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.7944em;top:16.019em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_438\">,449,53</span><span class=\"stl_257 stl_16 stl_438\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5744em;top:16.019em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_179\">7,56</span><span class=\"stl_257 stl_16 stl_179\">0 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:18.2221em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">Other production costs amounted to DKK 512.0 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.0553em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0239em;\">(DKK 492.9 million), of which net write-downs of inven- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.8884em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">tory amounted to DKK 35.5 million compared to DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.7215em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">171.6 million in 2021. Development in write-downs is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.5546em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">further described in note 18. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:23.2215em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">The bulk manufacturing facility has been shutdown for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.0546em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">a year due to the expansion of the facility for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.8878em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">production of Rabipur/RabAvert and Encepur. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:25.7209em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">shutdown resulted in a limited absorption of indirect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.554em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">production costs for the first 3 quarters of 2022. In 2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:27.3871em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">other production costs were also impacted by limited \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:28.2203em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">absorption of indirect production costs due to the shut- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.0534em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">down in fourth quarter but also due to production of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.8865em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">RSV Phase 3 clinical trial material, which contributed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:30.7196em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">to a low commercial utilization of the manufacturing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.5528em;\"><span class=\"stl_255 stl_20 stl_215\">capacity. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7332em;top:18.2196em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The product rights to Rabipur/RabAvert and Encepur are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:19.0528em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">amortized over 20 years with an annual amortization of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:19.8859em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">DKK 272.9 million. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:21.3435em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.3903em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Production costs consist of costs incurred in gener- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.2234em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">ating the revenue for the year. Costs for raw materials, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.0566em;\"><span class=\"stl_255 stl_20 stl_474\" style=\"word-spacing:-0.0363em;\">consumables, production staff and a proportion of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.8897em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">production overheads, including maintenance, amorti- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.7228em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">zation, depreciation and impairment of intangible and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.5559em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">tangible assets used in production as well as operation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.3891em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">administration and management of the production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.2222em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">facility are recognized as production costs. Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.0553em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">of acquired product rights are recognized as production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.8884em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">costs. In addition, the costs related to excess capacity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.7216em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">and write-down to net realisable value of goods on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.5547em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">stock are recognized. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_86\" style=\"word-spacing:0.0018em;\">Sales and distribution costs \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">Sales and distribution costs comprise costs incurred for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">the sale and distribution of products sold during the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">year. This includes costs incurred for sales campaigns, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">training and administration of the sales force and for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">direct distribution, marketing and promotion. Also \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">included are salaries and other costs for the sales, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">distribution and marketing functions, loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0374em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">expected credit losses, amortization, depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.8706em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">other indirect costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_612\" style=\"word-spacing:0.0089em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0296em;\">Research and development costs incurred this year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9863em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_227\">202</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_222\">981 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3569em;top:11.9088em;z-index:156;\"><span class=\"stl_268 stl_20 stl_595\">421</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_484\">118 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5288em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Of which: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0298em;\">Contract costs recognized as production costs (note </span><span class=\"stl_268 stl_20 stl_548\">4</span><span class=\"stl_255 stl_20 stl_548\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6369em;top:14.5563em;z-index:227;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_425\">889</span><span class=\"stl_255 stl_20 stl_425\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4038em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_542\">959</span><span class=\"stl_255 stl_20 stl_542\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.5725em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0313em;\">Research and development costs recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8288em;top:15.5725em;z-index:299;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_324\">18</span><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_45\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1663em;top:15.5725em;z-index:311;\"><span class=\"stl_261 stl_16 stl_579\">399,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_26\">59 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:17.2038em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Fair value adjustment concerning financial instruments entered into to hedge research \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.0369em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.79em;top:18.0369em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">201 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1638em;top:18.0369em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div><div class=\"stl_01\" style=\"left:4.725em;top:20.2544em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Under the Group\u2019s accounting policies development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.0875em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">costs are generally expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.9207em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">During the development of ABNCoV2, the Group has, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:22.7538em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">however, started capitalization of directly related \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:23.5869em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">development cost at commencement of the phase 2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.42em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">studies as \u2013 unlike most other development candidates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:25.2532em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">- the feasibility of developing a final vaccine and obtain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.0863em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">regulatory approval is considered likely, because the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.9194em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0251em;\">development of other COVID-19 vaccine candidates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:27.7525em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">based on the same antigen has been successful. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:28.5857em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Furthermore, the Group has ensured significant finance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.4188em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">of the development through the funding obtained from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:30.2519em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">Danish Ministry of Health and a minimum demand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.085em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">agreed in the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.9182em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Health. See further description in note 15. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:33.585em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.032em;\">Research and development costs include expenses for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:34.4182em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">external clinical research organizations, or CRO's, of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:35.2513em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0201em;\">874.9 million (DKK 160.5 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:20.0564em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.1032em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0326em;\">Research and development costs include salaries and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.9363em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">costs directly attributable to the Group\u2019s research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.7694em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">development projects, less government grants. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.6026em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">more, salaries and costs supporting direct research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.4357em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">development, including costs of patents, rent, leasing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.2688em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">and depreciation attributable to laboratories, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.1019em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">external scientific consultancy services, are recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.9351em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">under research and development costs. No indirect or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.7682em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">general overhead costs that are not directly attributable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.6013em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">to research and development activities are included in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.4344em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">the disclosure of research and development expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.2676em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">recognized in the income statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.9344em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">Research costs are expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:32.7676em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Development costs are generally expensed in the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:33.6007em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">they occur. In line with industry custom, capitaliza- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:34.4338em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">tion of development costs does not begin until it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:35.2669em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">deemed realistic that the product can be completed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.1001em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">and marketed and it is highly likely that a marketing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.9332em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">authorization will be received. In addition, there must \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:37.7663em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">be sufficient certainty that the future earnings to the \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7404em;top:21.0994em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Group will cover not only production costs, direct distri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:21.9326em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">bution and administrative costs, but also the develop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:22.7657em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:24.4326em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Contract research and development costs incurred to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:25.2657em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">achieve revenue are included in \"Research and devel- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.0988em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">opment costs incurred this year\" in the below tabel and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.9319em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">then transferred under \"Contract costs recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:27.7651em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">production costs\" to be recognized as production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_566\" style=\"word-spacing:0.007em;\">Adminstrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.0814em;top:10.1457em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.0258em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Administrative costs include costs of Group Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.8589em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">ment, staff functions, administrative personnel, office \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.692em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">costs, rent, short-term lease payments and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:13.5252em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">not relating specifically to production, research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.3583em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">development or sales and distribution. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_413\" style=\"word-spacing:0.0113em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Wages and salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4407em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_69\">664</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_298\">791 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2607em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_179\">535</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_184\">670 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7875em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_274\">52</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_294\">635 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6532em;top:12.9307em;z-index:155;\"><span class=\"stl_268 stl_20 stl_200\">44</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_339\">114 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0376em;\">Social security expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8038em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_45\">24</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_324\">861 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6025em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_09\">431 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">Other staff expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7607em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_75\">48</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.58em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_272\">510 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Share-based payment, see specification in note </span><span class=\"stl_268 stl_20 stl_326\">30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8063em;top:15.9963em;z-index:288;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">284 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6157em;top:15.9963em;z-index:296;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_133\">652 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3225em;top:17.0125em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0757em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Staff expenses are distributed as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4663em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_45\">333</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3044em;top:19.6657em;z-index:391;\"><span class=\"stl_268 stl_20 stl_548\">259</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">719 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Sales and distribution costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7938em;top:20.6876em;z-index:427;\"><span class=\"stl_268 stl_20 stl_281\">89</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_134\">304 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5807em;top:20.6876em;\"><span class=\"stl_268 stl_20 stl_231\">70</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">727 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.7094em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_288\">198</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_85\">838 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2575em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_402\">178</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_378\">439 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:22.7313em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Administrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:22.7313em;\"><span class=\"stl_268 stl_20 stl_514\">168</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">259 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3207em;top:22.7313em;z-index:521;\"><span class=\"stl_268 stl_20 stl_545\">137</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:23.7532em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">Capitalized salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8113em;top:23.7532em;z-index:549;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6813em;top:23.7532em;z-index:557;\"><span class=\"stl_268 stl_20 stl_574\">47</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3219em;top:24.7694em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.075em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:26.4007em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Average number of employees converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6444em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_265\">874 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3688em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_106\">734 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:27.4225em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Number of employees as of December </span><span class=\"stl_268 stl_20 stl_286\" style=\"word-spacing:0.06em;\">31 </span><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6107em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_151\">975 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3963em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_48\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.0319em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0324em;\">The Group only has defined contribution plans and pays \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.865em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">regular fixed contributions to independent pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:30.6982em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0344em;\">funds and insurance companies. \u00a0</span></div><div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">Staff costs include the following costs: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5288em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_329\">Remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1477em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9227em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_184\">202 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1583em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">750 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9302em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_250\">950 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Remuneration to Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.047em;top:16.5944em;z-index:1078;\"><span class=\"stl_261 stl_16 stl_613\">7,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9089em;top:16.5944em;z-index:1084;\"><span class=\"stl_261 stl_16 stl_568\">7,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_48\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:18.2201em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:19.2476em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1514em;top:19.2476em;z-index:1115;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_200\">873 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9195em;top:19.2476em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:20.2694em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1102em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">068 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9189em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_100\">956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6383em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_465\">692 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4083em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_294\">678 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:22.3132em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_242\">367 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.8914em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">048 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:23.335em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8102em;top:23.335em;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_75\">485 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9658em;top:23.335em;z-index:1253;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_278\">035 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:24.3513em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6883em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_11\">7,4</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4333em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_307\">4,37</span><span class=\"stl_257 stl_16 stl_307\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.9826em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8458em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_151\">527 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.622em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_338\">11</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_238\">630 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0044em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.142em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_158\">947 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9039em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_110\">946 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0263em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1395em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_307\">362 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.922em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">237 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0482em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_250\">472 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9245em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_271\">430 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.0701em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1358em;top:30.0701em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_222\">756 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0402em;top:30.0701em;z-index:1440;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">193 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0919em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0351em;\">Salary and benefits in notice period \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.187em;top:31.0919em;z-index:1483;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_325\">851 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9652em;top:31.0919em;z-index:1490;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_48\">378 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7045em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_38\">33,9</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4864em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_296\">81</span><span class=\"stl_261 stl_16 stl_296\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Remuneration to Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.662em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_313\">6</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5027em;top:33.7338em;z-index:1573;\"><span class=\"stl_261 stl_16 stl_548\">56,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_45\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Total Management remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6477em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_100\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.422em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_77\">63,344 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1638em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0313em;\">CEO and President of the Company Paul Chaplin and CFO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.9969em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0326em;\">Henrik Juuel constitute the Corporate Management in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8301em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0229em;\">the Parent Company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.4969em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0294em;\">COO Russell Thirsk, CPO Anu Kerns, CCO JC May and CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3301em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.029em;\">Laurence De Moerlooze constitute the Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1632em;\"><span class=\"stl_255 stl_20 stl_75\">Management. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8244em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0359em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6632em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">In March 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.4963em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0245em;\">12,682 restricted stock units (excl. matching shares) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3294em;\"><span class=\"stl_255 stl_20 stl_473\" style=\"word-spacing:-0.0258em;\">(8,833 restricted stock units) at a value of DKK 2.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1626em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0287em;\">(DKK 2.0 million) at grant. Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.9957em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0248em;\">was granted 9,896 restricted stock units (excl. matching \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8288em;\"><span class=\"stl_255 stl_20 stl_616\" style=\"word-spacing:-0.0232em;\">shares) (7,580 restricted stock units) corresponding to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6619em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0288em;\">a value of DKK 1.6 million (DKK 1.7 million) at grant. In \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.4951em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0263em;\">April 2022 CEO Paul Chaplin was granted 17,109 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3282em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0287em;\">stock units (excl. matching shares) as a part of the reten- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.1613em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0329em;\">tion agreement at a value of DKK 2.7 million. In April \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.9944em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">2022 COO Russell Thirsk was granted 4,446 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8276em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0254em;\">stock units (excl. matching shares) as a sign-on bonus at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6607em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">a value of DKK 0.7 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.3276em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0327em;\">In April 2022, the members of the Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1607em;\"><span class=\"stl_255 stl_20 stl_415\" style=\"word-spacing:-0.0225em;\">were granted in total 11,795 restricted stock units (7,127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.9938em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">restricted stock units) corresponding to 50% of their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8269em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0275em;\">fixed fee amounting to DKK 1.8 million (DKK 2.0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6601em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0332em;\">For further description of restricted stock units see note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.4932em;\"><span class=\"stl_255 stl_20 stl_242\">30. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.1544em;\"><span class=\"stl_261 stl_16 stl_96\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:10.9932em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0319em;\">In December 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8263em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.025em;\">126,487 warrants (137,030 warrants) with a fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.6594em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0228em;\">of DKK 9.9 million (DKK 10.4 million). Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.4926em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0343em;\">Management was granted 122,300 warrants (108,788 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3257em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0281em;\">warrants) with a fair value of DKK 9.6 million (DKK 8.3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.1588em;\"><span class=\"stl_255 stl_20 stl_614\">million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8257em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0268em;\">Fair value calculated based on Black-Scholes, cf. note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.4926em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">Incentive programs for the Executive Management and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3257em;\"><span class=\"stl_255 stl_20 stl_441\" style=\"word-spacing:-0.0276em;\">other employees are disclosed in note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.9926em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0312em;\">Members of the Executive Management have contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8257em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">of employment containing standard terms for members \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.6588em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0306em;\">of the Executive Management of Danish listed compa- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.4919em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">nies, including the periods of notice that both parties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.325em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">are required to give and competition clauses. If a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1582em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">contract of employment of a member of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.9913em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0292em;\">Management is terminated by the Company without \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.8244em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0341em;\">misconduct on the part of such member, the member of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6576em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">the Executive Management is entitled to compensation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.4907em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0315em;\">which, depending on the circumstances, may amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3238em;\"><span class=\"stl_255 stl_20 stl_220\" style=\"word-spacing:-0.0251em;\">a maximum of 8-18 months' remuneration. In the event \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.1569em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0297em;\">of a change of control the compensation can amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.99em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.0289em;\">24 months' remuneration. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_86\" style=\"word-spacing:0.0018em;\">Depreciation, amortization and impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9032em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0382em;\">Depreciation and amortization included in: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.4664em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_514\">352</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.237em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_198\">348</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_09\">243 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Sales and distribution costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9427em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_344\">73 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.7258em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_134\">34 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1258em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_65\">403 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9414em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_543\">718 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Administrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.822em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_271\">40</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_340\">217 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.582em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_280\">697 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0368em;\">Depreciation and amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3308em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_419\">399,</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_26\">47 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.1358em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_615\">7,69</span><span class=\"stl_257 stl_16 stl_615\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0311em;\">Hereof loss from disposed fixed assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2264em;top:18.6438em;z-index:2726;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">175 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.912em;top:18.6438em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">259 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:20.2638em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.038em;\">Impairment losses included in: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3983em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4408em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_613\">618 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7389em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0367em;\">Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3902em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.3608em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_313\">6</span><span class=\"stl_257 stl_16 stl_305\">18 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7383em;top:23.9226em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The product rights to Rabipur/RabAvert and Encepur are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:24.7557em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">amortized over 20 years with an annual amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:25.5888em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">of DKK 272.9 million. The amortization is recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:26.4219em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">part of cost of goods sold under production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7464em;top:23.9219em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">The product rights was acquired from GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7464em;top:24.755em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">as per December 31, 2019. See further description in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7464em;top:25.5882em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0204em;\">note 15. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_413\" style=\"word-spacing:0.0112em;\">Staff costs </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_563\" style=\"word-spacing:0.0029em;\">Fees to auditor appointed at the annual general \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:7.8268em;z-index:53;\"><span class=\"stl_560 stl_57 stl_514\">meeting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">Audit of financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0988em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.955em;top:11.9088em;z-index:131;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_26\">173 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">Other assurance services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6532em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_338\">176 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.395em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">Tax advisory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6075em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_172\">501 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.375em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_76\">720 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">Other services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.63em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_564\">143 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4132em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_106\">Fees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0163em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_184\">028 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7738em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_133\">3,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_344\">66 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.6057em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">The fee for non-audit services provided to the Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.4388em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">by Deloitte Statsautoriseret Revisionspartnerselskab, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.2719em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Denmark, amounted to DKK 0.3 million (DKK 0.6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.105em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0241em;\">million) and consisted of assurance work related to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.9382em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">the assistance with compliance reviews, and other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.7713em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0345em;\">accounting and tax advisory services. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">Financial income from bank and deposit contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Interest income from financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Financial income from securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.847em;top:14.5563em;z-index:755;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_242\">543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6258em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">045 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Adjustment of deferred consideration due to change in estimated timing of payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.777em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_100\">54</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_246\">390 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6545em;top:15.5782em;z-index:861;\"><span class=\"stl_268 stl_20 stl_50\">32</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_278\">185 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3989em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9164em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_200\">677 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Net foreign exchange gains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1283em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9045em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.0369em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6639em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_124\">,537 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4408em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_45\">33 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">Interest income is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">at the amounts relating to the financial year. Financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">income also includes net positive value adjustments of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">financial instruments and securities, adjustment of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">net present value of provisions and net currency gains. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 13 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_452\" style=\"word-spacing:0.0178em;\">Tax for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1815em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9784em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9032em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0296em;\">Tax recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Current tax on profit for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7959em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_305\">15</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_199\">738 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8865em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_274\">923 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Adjustments to current tax for previous years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9327em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_26\">33 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8902em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">422 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.9688em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Current tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6596em;top:14.9688em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_308\">5,77</span><span class=\"stl_257 stl_16 stl_308\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.419em;top:14.9688em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_76\">,345 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">Deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3659em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1452em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.2201em;\"><span class=\"stl_261 stl_16 stl_106\" style=\"word-spacing:-0.0299em;\">Tax for the year recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6596em;top:18.2201em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_308\">5,77</span><span class=\"stl_257 stl_16 stl_308\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.419em;top:18.2201em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_76\">,345 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:19.8457em;\"><span class=\"stl_261 stl_16 stl_90\" style=\"word-spacing:-0.0316em;\">Tax on income for the year is explained as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:20.8732em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">Income before company tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3452em;top:20.8732em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_548\">331</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_619\">611</span><span class=\"stl_255 stl_20 stl_619\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0402em;top:20.8732em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_364\">454</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_239\">430</span><span class=\"stl_255 stl_20 stl_239\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:21.895em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">Calculated tax (</span><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_09\">.</span><span class=\"stl_268 stl_20 stl_74\">0</span><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">%) on income before company tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5515em;top:21.895em;\"><span class=\"stl_255 stl_20 stl_130\">(</span><span class=\"stl_268 stl_20 stl_127\">72</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_310\">954</span><span class=\"stl_255 stl_20 stl_310\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.394em;top:21.895em;z-index:2652;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_548\">99</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_432\">975</span><span class=\"stl_255 stl_20 stl_432\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:23.5151em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0284em;\">Tax effect on: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:24.5425em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Different tax percentage in foreign subsidiaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5846em;top:24.5425em;\"><span class=\"stl_268 stl_20 stl_200\">572 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3834em;top:24.5425em;\"><span class=\"stl_268 stl_20 stl_277\">168 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:25.5644em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Non-recognized deferred tax asset on current year losses in foreign subsidiaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.959em;top:25.5644em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_11\">953</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.559em;top:25.5644em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_100\">072 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.5863em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">Income ()/expenses that are not taxable/deductible for tax purposes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9252em;top:26.5863em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_48\">443</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8921em;top:26.5863em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">249 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.6082em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Special tax credit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.579em;top:27.6082em;\"><span class=\"stl_255 stl_20 stl_338\">(</span><span class=\"stl_268 stl_20 stl_76\">46</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_455\">946</span><span class=\"stl_255 stl_20 stl_455\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3765em;top:27.6082em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_514\">898</span><span class=\"stl_255 stl_20 stl_514\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.63em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">Change in unrealized intra-group profits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5596em;top:28.63em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_563\">25</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_79\">099</span><span class=\"stl_255 stl_20 stl_79\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5384em;top:28.63em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_72\">258 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.6519em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">Change in non-recognized tax asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4615em;top:29.6519em;\"><span class=\"stl_268 stl_20 stl_43\">166</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_301\">561 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5965em;top:29.6519em;\"><span class=\"stl_268 stl_20 stl_158\">63</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_292\">762 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.6738em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">Adjustments to previous years non-recognized tax asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3727em;top:30.6738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7234em;top:30.6738em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_596\">713</span><span class=\"stl_255 stl_20 stl_596\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:31.6957em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Adjustments to current tax for previous years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9321em;top:31.6957em;\"><span class=\"stl_268 stl_20 stl_26\">33 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8896em;top:31.6957em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">422 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:32.7119em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Tax on income for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.659em;top:32.7119em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_308\">5,77</span><span class=\"stl_257 stl_16 stl_308\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4184em;top:32.7119em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_76\">,345 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.3375em;\"><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">Tax recognized in other comprehensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.365em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">Tax on change in fair value of financial instruments entered into to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.1982em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">hedge future cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:37.8182em;\"><span class=\"stl_261 stl_16 stl_217\" style=\"word-spacing:-0.0307em;\">Tax recognized in equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:38.8457em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0244em;\">Tax on share based payment \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.1638em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Tax on income is an expense of DKK 15.8 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.9969em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">10.3 million), corresponding to an effective nega- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.83em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0219em;\">tive tax rate of negative 4.8% (negative 2.3%). The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.6632em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0232em;\">parent company\u2019s taxable income for 2022 is zero. Tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.4963em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">expensed in 2022 relates mainly to Bavarian Nordic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.3294em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0368em;\">GmbH and Bavarian Nordic, Inc. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">'Income()/expenses that are not taxable/deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8294em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">for tax purposes' primarily relates to the 30% step \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.6625em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0327em;\">up deduction on research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.4957em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">according to Section 8B of the Danish Tax Assessment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3288em;\"><span class=\"stl_255 stl_20 stl_488\">Act. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:21.2561em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3029em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">Income tax for the year comprises current tax and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.136em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">deferred tax for the year. The part relating to the profit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.9692em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">for the year is recognized in the income statement, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8023em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">the part attributable to items in the comprehensive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.6354em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">income is recognized in the comprehensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.4685em;\"><span class=\"stl_255 stl_20 stl_107\">statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.1354em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">The tax effect of costs that have been recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.9685em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">directly in equity is recognized in equity under the rele- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8017em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">vant items. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.4685em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">Current tax receivable is recognized in the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3017em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">sheet under current asset. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.9685em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Current tax payable is recognized in the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8017em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">under current liabilities. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.1623em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Deferred tax is measured using the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:10.9954em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0346em;\">liability method on all temporary differences between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8285em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">accounting values and tax values. Deferred tax liabili- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.6617em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">ties arising from temporary tax differences are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.4948em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">nized in the balance sheet as a liability. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.1617em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Deferred tax assets arising from temporary deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.9948em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">differences and tax losses carried forward are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8279em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">nized when it is probable that they can be realized by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.661em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">offsetting them against taxable temporary differences \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.4942em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">or future taxable profits. At each balance sheet date, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.3273em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">it is assessed whether it is probable that there will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.1604em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">sufficient future taxable income for the deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.9935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">asset to be utilized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.6604em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">Deferred income tax is provided on temporary taxable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.4935em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">differences arising on investments in subsidiaries, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.3266em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">unless the parent company is able to control the timing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.1598em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">when the deferred tax is to be realized and it is likely \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.9929em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">that the deferred tax will not be realized within the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.826em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">foreseeable future. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.4929em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">Deferred tax is calculated at the tax rates applicable on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.326em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the balance sheet date for the income years in which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.1591em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">the tax asset is expected to be utilized. \u00a0</span></div><div class=\"stl_01\" style=\"left:24.9163em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.5294em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_102\">Adjustment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0881em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_73\">Recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:15.49em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_296\">, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6513em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_122\" style=\"word-spacing:-0.0287em;\">to previous</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5763em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:0.5758em;\">Recognized December</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:12.9789em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.0075em;top:12.9733em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.635em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.4056em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_328\">statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.2931em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_544\" style=\"word-spacing:-0.0453em;\">in equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9613em;top:12.9733em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:14.6633em;\"><span class=\"stl_255 stl_20 stl_505\" style=\"word-spacing:-0.0375em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.4606em;top:14.6633em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_284\">421</span><span class=\"stl_255 stl_20 stl_284\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6888em;top:14.6633em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5738em;top:14.6633em;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.665em;top:14.6633em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5394em;top:14.6633em;\"><span class=\"stl_268 stl_20 stl_172\">62</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">881 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">Acquired rights and development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.2em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6881em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.7125em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_402\">659</span><span class=\"stl_255 stl_20 stl_402\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.665em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6894em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_542\">659</span><span class=\"stl_255 stl_20 stl_542\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:17.5402em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">Property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.5769em;top:17.5402em;\"><span class=\"stl_268 stl_20 stl_274\">60</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.4763em;top:17.5402em;z-index:1577;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_378\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5544em;top:17.5402em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_344\">440 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.665em;top:17.5402em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6194em;top:17.5402em;z-index:1596;\"><span class=\"stl_268 stl_20 stl_127\">88</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_305\">124 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:18.562em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">Right-of-use assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.4388em;top:18.562em;\"><span class=\"stl_268 stl_20 stl_465\">370 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6894em;top:18.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5525em;top:18.562em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_291\">83</span><span class=\"stl_255 stl_20 stl_291\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:18.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3756em;top:18.562em;\"><span class=\"stl_268 stl_20 stl_222\">287 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7156em;top:19.5839em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Development projects for sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.5844em;top:19.5839em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6894em;top:19.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1775em;top:19.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:19.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5369em;top:19.5839em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Unrealized intra-group profits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.2007em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.8744em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_338\">(</span><span class=\"stl_268 stl_20 stl_110\">46</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_238\">364</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5625em;top:20.6058em;\"><span class=\"stl_268 stl_20 stl_298\">25</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_472\">099 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3694em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_342\">265</span><span class=\"stl_255 stl_20 stl_342\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:21.6277em;\"><span class=\"stl_255 stl_20 stl_199\">Receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.7619em;top:21.6277em;\"><span class=\"stl_268 stl_20 stl_45\">37 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6894em;top:21.6277em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.4132em;top:21.6277em;\"><span class=\"stl_268 stl_20 stl_45\">154 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:21.6277em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3994em;top:21.6277em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7156em;top:22.6495em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">Financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.4213em;top:22.6495em;\"><span class=\"stl_268 stl_20 stl_307\">297 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.69em;top:22.6495em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1781em;top:22.6495em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.2681em;top:22.6495em;z-index:1823;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_305\">314</span><span class=\"stl_255 stl_20 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7431em;top:22.6495em;z-index:1831;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_156\">017</span><span class=\"stl_255 stl_20 stl_156\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7156em;top:23.6714em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.6525em;top:23.6714em;z-index:1858;\"><span class=\"stl_268 stl_20 stl_622\">27</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_200\">994 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6894em;top:23.6714em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.9138em;top:23.6714em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">282 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.23em;top:23.6714em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_605\">871</span><span class=\"stl_255 stl_20 stl_605\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5957em;top:23.6714em;z-index:1884;\"><span class=\"stl_268 stl_20 stl_622\">27</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_200\">405 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:24.6933em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Tax losses carried forward \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.3325em;top:24.6933em;\"><span class=\"stl_268 stl_20 stl_623\">361</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.0638em;top:24.6933em;\"><span class=\"stl_268 stl_20 stl_76\">66</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5944em;top:24.6933em;\"><span class=\"stl_268 stl_20 stl_222\">42</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_282\">026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:24.6933em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2313em;top:24.6933em;\"><span class=\"stl_268 stl_20 stl_402\">470</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_246\">385 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Not recognized tax asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0881em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_570\">472</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_47\">739</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.8975em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_432\">663</span><span class=\"stl_255 stl_20 stl_432\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.0969em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_43\">166</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_305\">561</span><span class=\"stl_255 stl_20 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1581em;top:25.7152em;z-index:2008;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_465\">185 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0469em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">650</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_151\">778</span><span class=\"stl_255 stl_20 stl_151\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Recognized deferred tax assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.1925em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6807em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1688em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6569em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.145em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div><div class=\"stl_01\" style=\"left:60.7227em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.6421em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_73\">Recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.2965em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_233\" style=\"word-spacing:0.913em;\">, in</span></div><div class=\"stl_01\" style=\"left:57.696em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">the income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.3665em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:0.9526em;\">Recognized December</span></div><div class=\"stl_01\" style=\"left:69.523em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_296\">, \u00a0</span></div><div class=\"stl_01\" style=\"left:56.979em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">in the income \u00a0</span></div><div class=\"stl_01\" style=\"left:69.523em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_296\">, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9238em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.8315em;top:12.9182em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.9596em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_328\">statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.0834em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_544\" style=\"word-spacing:-0.0453em;\">in equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0046em;top:12.9182em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.6082em;\"><span class=\"stl_255 stl_20 stl_505\" style=\"word-spacing:-0.0375em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1996em;top:14.6082em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_271\">94</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_455\">360</span><span class=\"stl_255 stl_20 stl_455\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.1515em;top:14.6082em;\"><span class=\"stl_268 stl_20 stl_151\">83</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_184\">939 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4546em;top:14.6082em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.439em;top:14.6082em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_284\">421</span><span class=\"stl_255 stl_20 stl_284\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.63em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Other intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.2215em;top:15.63em;\"><span class=\"stl_268 stl_20 stl_100\">377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.724em;top:15.63em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_234\">377</span><span class=\"stl_255 stl_20 stl_234\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4546em;top:15.63em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.179em;top:15.63em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6519em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">Property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.3852em;top:16.6519em;\"><span class=\"stl_268 stl_20 stl_326\">38</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_130\">342 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.1821em;top:16.6519em;z-index:320;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">158 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.454em;top:16.6519em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5546em;top:16.6519em;\"><span class=\"stl_268 stl_20 stl_274\">60</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:17.6738em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">Right-of-use assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.2246em;top:17.6738em;\"><span class=\"stl_268 stl_20 stl_242\">373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.4246em;top:17.6738em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_293\">3</span><span class=\"stl_255 stl_20 stl_293\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.454em;top:17.6738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4165em;top:17.6738em;\"><span class=\"stl_268 stl_20 stl_465\">370 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6957em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Development projects for sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.389em;top:18.6957em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7302em;top:18.6957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4546em;top:18.6957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5621em;top:18.6957em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.7175em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Accrued project costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.0802em;top:19.7175em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_621\">181</span><span class=\"stl_255 stl_20 stl_621\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.9734em;top:19.7175em;\"><span class=\"stl_268 stl_20 stl_327\">181 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.454em;top:19.7175em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1784em;top:19.7175em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:20.7394em;\"><span class=\"stl_255 stl_20 stl_199\">Receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.5759em;top:20.7394em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.3034em;top:20.7394em;\"><span class=\"stl_268 stl_20 stl_335\">19 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4534em;top:20.7394em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.7384em;top:20.7394em;\"><span class=\"stl_268 stl_20 stl_45\">37 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.739em;top:21.7613em;\"><span class=\"stl_255 stl_20 stl_127\">Provisions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.489em;top:21.7613em;z-index:500;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.0334em;top:21.7613em;z-index:509;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_174\">930</span><span class=\"stl_255 stl_20 stl_174\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4534em;top:21.7613em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1777em;top:21.7613em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.739em;top:22.7832em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">Financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.2527em;top:22.7832em;\"><span class=\"stl_268 stl_20 stl_296\">178 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.729em;top:22.7832em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7265em;top:22.7832em;\"><span class=\"stl_268 stl_20 stl_339\">119 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.3977em;top:22.7832em;\"><span class=\"stl_268 stl_20 stl_307\">297 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:23.805em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4296em;top:23.805em;\"><span class=\"stl_268 stl_20 stl_305\">15</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">397 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.4646em;top:23.805em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_323\">726 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1927em;top:23.805em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_378\">871 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6296em;top:23.805em;z-index:603;\"><span class=\"stl_268 stl_20 stl_622\">27</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_200\">994 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:24.8269em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0304em;\">Tax losses carried forward \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.0533em;top:24.8269em;\"><span class=\"stl_268 stl_20 stl_307\">362</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">209 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.7996em;top:24.8269em;\"><span class=\"stl_255 stl_20 stl_311\">(</span><span class=\"stl_268 stl_20 stl_611\">693</span><span class=\"stl_255 stl_20 stl_611\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.454em;top:24.8269em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3102em;top:24.8269em;\"><span class=\"stl_268 stl_20 stl_623\">361</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Not recognized tax asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.864em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_237\">372</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_18\">729</span><span class=\"stl_255 stl_20 stl_18\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.9602em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_172\">94</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_595\">020</span><span class=\"stl_255 stl_20 stl_595\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.9915em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_238\">990</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.0659em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_570\">472</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_47\">739</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Recognized deferred tax assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.9977em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7221em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4465em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1709em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div><div class=\"stl_01\" style=\"left:4.7138em;top:29.522em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">Deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:30.3608em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Recognized deferred tax assets relate to temporary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:31.1939em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">differences between the tax base and accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:32.027em;\"><span class=\"stl_255 stl_20 stl_372\" style=\"word-spacing:-0.0385em;\">carrying amount and tax losses carried forward. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:33.6939em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Deferred tax assets arising from temporary deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:34.527em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">differences and tax losses carried forward are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:35.3602em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">nized to the extent they are expected to be offset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:36.1933em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">against future taxable income. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7219em;top:30.3602em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Recognized tax losses carried forward relate to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:31.1933em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">Bavarian Nordic A/S and the two Danish subsidiaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:32.0264em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Aktieselskabet af 1. juni 2011 I and Aktieselskabet af 1. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:32.8595em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">juni 2011 II. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:34.5264em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">The tax value of non-recognized tax losses carried \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:35.3595em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">forward in Bavarian Nordic A/S and the two Danish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:36.1927em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">subsidiaries amounts to DKK 470.4 million (DKK 361.5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:37.0258em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">million), whereas the tax value of non-recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:37.8589em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0349em;\">temporary deductible differences amounts to DKK 180.4 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7396em;top:30.3857em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">million (DKK 111.2 million). Tax rate used for Danish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:31.2188em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">entities is 22%. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:32.8857em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">The Company's right to use the tax losses carried \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:33.7188em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0324em;\">forward is not time-limited. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:35.3857em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Change in non-recognized deferred tax asset also \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:36.2188em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">includes deferred tax on intercompany transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:37.0519em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">between Bavarian Nordic A/S and Bavarian Nordic, Inc. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7477em;top:30.385em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">and Bavarian Nordic Switzerland AG under the Distri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7477em;top:31.2182em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">bution Agreements for sale of Encepur and Rabipur/ \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7477em;top:32.0513em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">RabAvert in US and Switzerland, DKK 25.1 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7477em;top:32.8844em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">30.3 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 13 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_452\" style=\"word-spacing:0.0178em;\">Tax for the year </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_50\" style=\"word-spacing:0.011em;\">Note 14 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_566\" style=\"word-spacing:0.0069em;\">Earnings per share (EPS) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0247em;\">Net result for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3em;top:11.9088em;z-index:128;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_592\">347</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_52\">382</span><span class=\"stl_255 stl_20 stl_52\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0225em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_91\">464</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_364\">775</span><span class=\"stl_255 stl_20 stl_364\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">Earnings per share of DKK </span><span class=\"stl_268 stl_20 stl_292\">10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6132em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_294\">4</span><span class=\"stl_255 stl_20 stl_26\">.</span><span class=\"stl_268 stl_20 stl_295\">9</span><span class=\"stl_255 stl_20 stl_295\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4132em;top:12.9307em;z-index:180;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_287\">7</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_296\">4</span><span class=\"stl_255 stl_20 stl_296\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Diluted earnings per share of DKK </span><span class=\"stl_268 stl_20 stl_292\">10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6132em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_294\">4</span><span class=\"stl_255 stl_20 stl_26\">.</span><span class=\"stl_268 stl_20 stl_295\">9</span><span class=\"stl_255 stl_20 stl_295\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4132em;top:13.9525em;z-index:228;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_287\">7</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_296\">4</span><span class=\"stl_255 stl_20 stl_296\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">The weighted average number of ordinary shares for the purpose of diluted earning \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.4113em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">per share reconciles to the weighted average number of ordinary shares used in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.2444em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">calculation of basic earnings per share as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.87em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">Weighted average number of ordinary shares (thousand units) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7757em;top:18.87em;\"><span class=\"stl_268 stl_20 stl_303\">70</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_332\">548 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5907em;top:18.87em;\"><span class=\"stl_268 stl_20 stl_158\">63</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_249\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.8919em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">Weighted average number of treasury shares (thousand units) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.44em;top:19.8919em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_291\">129</span><span class=\"stl_255 stl_20 stl_291\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.21em;top:19.8919em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_282\">109</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:20.9082em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0355em;\">Weighted average number of outstanding ordinary shares used in the calculation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:21.7413em;\"><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:-0.0323em;\">of basic earnings per share (thousand units) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6857em;top:21.7413em;\"><span class=\"stl_261 stl_16 stl_71\">7</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.48em;top:21.7413em;z-index:707;\"><span class=\"stl_261 stl_16 stl_587\">63,</span><span class=\"stl_257 stl_16 stl_563\">10</span><span class=\"stl_261 stl_16 stl_563\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:22.7688em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Average dilutive effect of outstanding warrants under incentive schemes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3825em;top:22.7688em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:22.7688em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.785em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0355em;\">Weighted average number of outstanding ordinary shares used in the calculation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:24.6182em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">of diluted earnings per share (thousand units) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.685em;top:24.6182em;\"><span class=\"stl_261 stl_16 stl_71\">7</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4794em;top:24.6182em;z-index:904;\"><span class=\"stl_261 stl_16 stl_587\">63,</span><span class=\"stl_257 stl_16 stl_563\">10</span><span class=\"stl_261 stl_16 stl_563\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:26.2494em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Outstanding warrants that may have an effect on the calculation of diluted earnings \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:27.0825em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">per share in the future. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:28.7082em;\"><span class=\"stl_268 stl_20 stl_227\">2022</span><span class=\"stl_255 stl_20 stl_60\">-programs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.02em;top:28.7082em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_605\">013</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_274\">923 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:28.7082em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:29.73em;\"><span class=\"stl_268 stl_20 stl_262\">2021</span><span class=\"stl_255 stl_20 stl_60\">-program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5025em;top:29.73em;\"><span class=\"stl_268 stl_20 stl_48\">655</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_296\">774 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2257em;top:29.73em;\"><span class=\"stl_268 stl_20 stl_150\">706</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_150\">469 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:30.7519em;\"><span class=\"stl_268 stl_20 stl_168\">2020</span><span class=\"stl_255 stl_20 stl_454\">-programs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1032em;top:30.7519em;z-index:1093;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_358\">142</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_151\">109 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8082em;top:30.7519em;z-index:1104;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_314\">207</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_130\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:31.7738em;\"><span class=\"stl_268 stl_20 stl_288\">2019</span><span class=\"stl_255 stl_20 stl_60\">-program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4913em;top:31.7738em;z-index:1125;\"><span class=\"stl_268 stl_20 stl_336\">599</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">493 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2282em;top:31.7738em;\"><span class=\"stl_268 stl_20 stl_151\">625</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_106\">984 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.7957em;\"><span class=\"stl_268 stl_20 stl_324\">2018</span><span class=\"stl_255 stl_20 stl_60\">-program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4738em;top:32.7957em;\"><span class=\"stl_268 stl_20 stl_288\">240</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">708 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:32.7957em;\"><span class=\"stl_268 stl_20 stl_299\">515</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_233\">684 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:33.8175em;\"><span class=\"stl_268 stl_20 stl_624\">2017</span><span class=\"stl_255 stl_20 stl_60\">-programs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3825em;top:33.8175em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2069em;top:33.8175em;\"><span class=\"stl_268 stl_20 stl_237\">223</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_91\">683 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:34.8394em;\"><span class=\"stl_268 stl_20 stl_280\">2016</span><span class=\"stl_255 stl_20 stl_60\">-program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:34.8394em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6107em;top:34.8394em;z-index:1212;\"><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:35.8557em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Outstanding warrants, cf. note 3</span><span class=\"stl_257 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.745em;top:35.8557em;\"><span class=\"stl_261 stl_16 stl_514\">3,65</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_220\" style=\"word-spacing:1.1599em;\">7 3,356,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Earnings per share is calculated as the profit or loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">for the year compared to the weighted average of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">issued shares in the financial year. The basis for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">calculation of diluted earnings per share is the weight- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">ed-average number of ordinary shares in the financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">year adjusted for the dilutive effects of warrants. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0021em;\">Intangible assets \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9858em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0292em;\">Intangible assets are measured at historic cost less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">accumulated amortization and impairment losses. Cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0298em;\">of acquired product rights are measured at cash consid- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.029em;\">eration and present value of any deferred payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0346em;\">for those rights. Furthermore costs of acquired product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0337em;\">rights include transaction costs that are directly attribut- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">able to the acqusition. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.8712em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">Internal development projects that meet the require- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.7043em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">ments for recognition as intangible assets are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.5374em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">at direct cost relating to the development projects. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0297em;\">Amortization is provided on a straight-line basis over the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.0374em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0305em;\">useful economic lives of the assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0305em;\">The useful lives of acquired product rights are estimated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_41\" style=\"word-spacing:-0.0276em;\">to be 20 years and software is estimated to be 3-5 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.2043em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0337em;\">Amortization of acquired product rights is recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.0374em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0348em;\">part of cost of goods sold under production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:28.6987em;\"><span class=\"stl_261 stl_16 stl_101\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.5374em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">The carrying amounts of intangible assets carried at cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.3706em;\"><span class=\"stl_255 stl_20 stl_351\" style=\"word-spacing:-0.0265em;\">or amortized cost are tested at least annually to deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.2037em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0303em;\">mine whether there are indications of any impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.0368em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">in excess of that expressed in normal amortization. If \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.8699em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0265em;\">that is the case, the asset is written down to the recov- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.7031em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0342em;\">erable amount, which is the higher of its fair value less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.5362em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">costs to sell and its value in use. Impairment losses on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.3693em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0326em;\">intangible assets are recognized under the same line \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.2024em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">item as amortization of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:37.8693em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0306em;\">For development projects in progress, the recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:38.7024em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">amount is assessed annually, regardless of whether any \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:39.5356em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">indications of impairment have been found. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.3141em;top:10.3531em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:11.3943em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0378em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:12.2331em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0356em;\">When determining the amortization period for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:13.0662em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">acquired product rights, Management need to make \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:13.8993em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">an assessment of expected useful economic life. In the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:14.7324em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">assessment Management take among other things the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:15.5656em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">following components into consideration: The maturity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:16.3987em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0353em;\">of the products acquired, development in the market the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:17.2318em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.031em;\">acquired products are targeting, the current competitors, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:18.0649em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0332em;\">clinical development of new competing products and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:18.8981em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0343em;\">entry barriers to the market due to advanced production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:19.7312em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0313em;\">technology. Straight-line amortization reflects the use \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:20.5643em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">and impairment of the product rights. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:22.2312em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0319em;\">Management continuously updates the valuation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:23.0643em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0365em;\">model used when acquiring the product rights from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:23.8974em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0318em;\">GlaxoSmithKline to assess the value creation expected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:24.7306em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">from the acquisition. The latest update of the valuation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:25.5637em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0299em;\">model shows a value above the net present value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:26.3968em;\"><span class=\"stl_255 stl_20 stl_220\" style=\"word-spacing:-0.0272em;\">purchase price, hence there is no indications of impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:27.2299em;\"><span class=\"stl_255 stl_20 stl_105\">ment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:28.8968em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0327em;\">As per December 31, 2022 Management still judge that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:29.7299em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0354em;\">the sales milestone of EUR 25 million included in Asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:30.5631em;\"><span class=\"stl_255 stl_20 stl_473\" style=\"word-spacing:-0.0277em;\">Purchase Agreement is not probable and therefore the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:31.3962em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">present value has not been added to the cost of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:32.2293em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0385em;\">product rights. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.3324em;top:10.3531em;\"><span class=\"stl_602 stl_16 stl_217\" style=\"word-spacing:-0.0309em;\">Significant accounting judgments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.3999em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">Management has made the following accounting judg- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.2331em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0336em;\">ment which significantly affect the amounts recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.0662em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">in the consolidated financial statements: \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:14.7274em;\"><span class=\"stl_261 stl_16 stl_328\" style=\"word-spacing:-0.0318em;\">Acquired rights and development in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5662em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0247em;\">Under the Group\u2019s accounting policies and in accordance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.3993em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0335em;\">with common industry practice, development costs are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.2324em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0307em;\">generally expensed in the year they occur. During the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.0656em;\"><span class=\"stl_255 stl_20 stl_604\" style=\"word-spacing:-0.0254em;\">development of ABNCoV2, the Group has, however, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.8987em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">started capitalization of directly related development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.7318em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0291em;\">cost at commencement of the Phase 2 and 3 studies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.5649em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0291em;\">as \u2013 unlike most other development candidates - the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.3981em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0307em;\">feasibility of developing a final vaccine and obtain regu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.2312em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.0269em;\">latory approval is considered highly likely. The Phase 1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.0643em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0288em;\">and Phase 2 clinical trial showed positive results in 2021- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.8974em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">22, further supported by positive six-month follow-up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.7306em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0321em;\">analysis for the Phase 2 clinical trial in October 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.5637em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0312em;\">The follow-up analysis demonstrated that six months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.3968em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">post the booster vaccination with ABNCoV2, the neutral- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.2299em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">ization antibody titers against Wuhan and the Omicron \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0631em;\"><span class=\"stl_255 stl_20 stl_453\" style=\"word-spacing:-0.0281em;\">variant remained high and at levels associated with a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.8962em;\"><span class=\"stl_255 stl_20 stl_166\" style=\"word-spacing:-0.0286em;\">greater than 90% efficacy. The Group initiated the global \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.3962em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0312em;\">Phase 3 clinical trial in September 2022 and initial results \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.2293em;\"><span class=\"stl_255 stl_20 stl_207\" style=\"word-spacing:-0.0256em;\">are expected to be ready in mid-2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.8962em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">In 2021 the Group ensured significant finance of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.7293em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0341em;\">development through the funding obtained from the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.5624em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">Danish Ministry of Health and a minimum demand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.3956em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0322em;\">agreed in the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.2287em;\"><span class=\"stl_255 stl_20 stl_441\">Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.8956em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0269em;\">In the winter of 2022/2023, we have seen a high \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.7287em;\"><span class=\"stl_255 stl_20 stl_326\" style=\"word-spacing:-0.0281em;\">number of COVID-19 infections. It is evident though, that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.5618em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0287em;\">booster vaccinations have been necessary to control the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.3949em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">pandemic. Management assesses that the booster vacci- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.228em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.027em;\">nations will continue to be required, at least for vulner- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.0612em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0328em;\">able groups as is the case for example with the flu \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.8943em;\"><span class=\"stl_255 stl_20 stl_77\" style=\"word-spacing:-0.0285em;\">market, where annual booster vaccinations are given. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.7274em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0299em;\">Hence, with the development of ABNCoV2 as a universal \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.5605em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0301em;\">booster vaccine with a better value proposition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.3937em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0295em;\">compared to the already approved vaccines, Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.2268em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0331em;\">ment expects that the Company can take a reasonable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.0599em;\"><span class=\"stl_255 stl_20 stl_323\" style=\"word-spacing:-0.025em;\">share of the future COVID-19 vaccine market, initially \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.893em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0274em;\">targeting governments, but over time moving towards a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.7262em;\"><span class=\"stl_255 stl_20 stl_77\" style=\"word-spacing:-0.0284em;\">more traditional market for private vaccinations. \u00a0</span></div><div class=\"stl_01\" style=\"left:41.344em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6696em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_73\">Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.054em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2746em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.04em;\">rights and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6721em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_380\">intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2696em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:1.0869em;\">Product development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.139em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.034em;\">assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:13.6738em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.8015em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_330\">rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0115em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_199\" style=\"word-spacing:-0.029em;\">in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.3209em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_506\">Software \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1777em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_78\">progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9784em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:15.3582em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8571em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_307\">458</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_242\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.074em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_125\">733</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_130\">770 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7877em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_432\">100</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_246\">385 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.534em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_176\">134</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_324\">371 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7921em;top:15.3582em;z-index:306;\"><span class=\"stl_268 stl_20 stl_18\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_625\">427</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_238\">226 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.1427em;top:16.38em;z-index:327;\"><span class=\"stl_268 stl_20 stl_299\">279</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">714 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.4421em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_472\">006 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5459em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_51\">142</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_26\">691 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2846em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_310\">425</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_588\">411 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9971em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.4327em;top:17.4019em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_200\">572 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9609em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">572</span><span class=\"stl_255 stl_20 stl_294\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1702em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9971em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9752em;top:18.4238em;\"><span class=\"stl_268 stl_20 stl_524\">131 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4459em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.424em;top:18.4238em;\"><span class=\"stl_268 stl_20 stl_524\">131 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0251em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6352em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3821em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_564\">01</span><span class=\"stl_261 stl_16 stl_234\">3,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6228em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_308\">10</span><span class=\"stl_261 stl_16 stl_65\">6,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3715em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_626\">74,49</span><span class=\"stl_257 stl_16 stl_626\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5477em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_76\">6,</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_282\">,76</span><span class=\"stl_257 stl_16 stl_282\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Amortization as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3477em;top:21.0713em;\"><span class=\"stl_268 stl_20 stl_445\">545</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_277\">870 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1346em;top:21.0713em;z-index:546;\"><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_344\">400 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2477em;top:21.0713em;\"><span class=\"stl_268 stl_20 stl_298\">623</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_26\">270 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_330\">Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3509em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1352em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_249\">13</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_332\">908 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.214em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_492\">286</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2715em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2915em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7402em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Amortization as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.1815em;top:24.1313em;\"><span class=\"stl_257 stl_16 stl_179\">818</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_326\">80</span><span class=\"stl_261 stl_16 stl_326\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9884em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0084em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_158\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4371em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1771em;top:24.1313em;z-index:699;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_292\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6552em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_294\">4,639,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3809em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_564\">01</span><span class=\"stl_261 stl_16 stl_234\">3,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0177em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_342\">4,76</span><span class=\"stl_257 stl_16 stl_342\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3709em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_626\">74,49</span><span class=\"stl_257 stl_16 stl_626\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5465em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_566\">5,94</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_133\">,637 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:27.3825em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0369em;\">Geographical split of intangible assets \u2013 </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:28.41em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7696em;top:28.41em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_605\">941</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_319\">664 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:29.4319em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3809em;top:29.4319em;\"><span class=\"stl_268 stl_20 stl_76\">973 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">Total intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5465em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_566\">5,94</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_133\">,637 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7459em;top:10.1557em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0378em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:10.9944em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">December 31, 2019 the Company acquired the product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:11.8275em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">rights to two commercial products owned by Glax- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:12.6607em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.024em;\">oSmithKline - Rabipur/RabAvert and Encepur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:13.4938em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">The products have been on the market for more than \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:14.3269em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">20 years. There is no need to further develop the prod- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:15.16em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">ucts. Management assesses that it will require up to 10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:15.9932em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">years of clinical development for competitors to bring \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:16.8263em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">a new competing product to the market likewise the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:17.6594em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">production process required to produce these products \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:18.4925em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">is highly complex. Based on these factors Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:19.3257em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">assesses that the acquired product rights should be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:20.1588em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">amortized over 20 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:21.8257em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">The acquisition price for the two product rights consists \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:22.6588em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">of the upfront payment and the present value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:23.4919em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">milestone payments included in the Asset Purchase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:24.325em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Agreement with GlaxoSmithKline. The milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:25.1582em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">payments relate to transfer and re-registration of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:25.9913em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">marketing authorizations, technology transfer of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:26.8244em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">different steps of the production and packaging activi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:27.6575em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ties as well as a milestone payment when all services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:28.4907em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">agreed to be rendered has been completed. The Asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:29.3238em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Purchase Agreement specifies the above milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:30.1569em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">payments for each product. In total EUR 470 million. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:30.99em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Asset Purchase Agreement also includes a sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:31.8232em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">stone of EUR 25 million. The sales milestone is related \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:32.6563em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">to the total revenue of the two products. Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:33.4894em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment deems it unlikely that the sales milestone will \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:34.3225em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">be trickered, hence the sales milestone has not been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:35.1557em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">recognized as part of the asset nor the deferred consid- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:35.9888em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">eration as per December 31, 2021. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0016em;\">Intangible assets </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Deferred consideration for the acquired product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">are described in note 24. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:12.7133em;\"><span class=\"stl_261 stl_16 stl_328\" style=\"word-spacing:-0.0318em;\">Acquired rights and development in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">In July 2020, the Company concluded a license and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">collaboration agreement with AdaptVac. The license \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0325em;\">agreement provides Bavarian Nordic the global \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">commercialization rights to a COVID-19 vaccine candi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">date based on AdaptVac\u2019s technology. Under the terms \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the agreement AdaptVac has been responsible for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">running a Phase 1/2 open label, dose-escalation trial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">sponsored by Radhould University Medical Center. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Company has assumed the responsibility for the further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.039em;\">clinical development and manufacturing. At commence- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8833em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment of the positive Phase 2 trial the Company started \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.7164em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">capitalization of directly related development cost as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5495em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the feasibility of developing a final vaccine and obtain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3827em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0278em;\">regulatory approval is considered highly likely, see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.2158em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">further description under \"Significant accounting judge- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.0489em;\"><span class=\"stl_255 stl_20 stl_323\">ments\". \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.7158em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">The Company made an upfront payment of EUR 4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.5489em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">million to AdaptVac in 2020 when the license agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.382em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ment was signed. The upfront payment was capitalized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.2152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">and recognized as \"Acquired rights and development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.0483em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0257em;\">in progress\". The Company has also committed to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8814em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">payment of potential future development and sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.7145em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0233em;\">milestones and tiered royalties. At year-end 2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.5477em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Management assessed that those milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.3808em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">were not probable since no in-human studies had \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.2139em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">completed, hence milestone payments were not recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.047em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">nized as an asset and a liability as per December 31, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.8802em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">2020. Based on the positive clinical results during 2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:37.7133em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0259em;\">Management assessed at year-end 2021 that the like- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:38.5464em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">lihood of future regulatory approval of the Company's \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.2133em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">COVID-19 vaccine was high, hence milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0464em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0308em;\">to AdaptVac were expected to become payable. Based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8795em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">on current regulatory plans and expectations for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.7127em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">revenue from sale of the COVID-vacine all sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5458em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">stones and part of the development milestones were \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3789em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">assumed probable. At initial recognition in December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.212em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">2021 the net present value of the probable milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">payments was calculated amounting to DKK 596 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8783em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">million, and was recognized as part of the \"Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.7114em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">rights and development in progress\". A corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5445em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">liability was been recognized as deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3777em;\"><span class=\"stl_255 stl_20 stl_171\" style=\"word-spacing:0.0037em;\">(note 24). \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:21.0389em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.0339em;\">Intangible assets in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8777em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">Rabipur/RabAvert and Encepur are currently manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.7108em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">factured by GlaxoSmithKline and the basis of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.5439em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">technology transfer to Bavarian Nordic is an as-is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.377em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">transfer of the current manufacturing process. This \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.2102em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">transfer will be a staged process, starting with pack- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.0433em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">aging then filling and ending with the transfer of bulk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.8764em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">manufacturing. The Company will incur material costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.7095em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">in terms of internal labour and consultancy to handle \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.5427em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">the technology transfer and gain crucial knowledge \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3758em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">about the manufacturing process. These costs will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.2089em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">capitalized as an intangible asset. As per December 31, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.042em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">2022 the capitalized costs amounts to DKK 255.3 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.8752em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">(DKK 125.2 million), recognized as intangible assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.7083em;\"><span class=\"stl_255 stl_20 stl_78\">progress. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.3752em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">As part of the development plan for ABNCoV2 the filling \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.2083em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">process at Kvistgaard need to be scaled up to handle \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.0414em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">production for commercial launch. Cost related to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.8745em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">scale up activities are recognized as part of intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:37.7077em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">assets in progress with an amount of DKK 14.2 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:38.5408em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.02em;\">(DKK 3.6 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0016em;\">Intangible assets </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:41.3527em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6695em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_73\">Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.0533em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2745em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.04em;\">rights and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6714em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_380\">intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2695em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:1.0869em;\">Product development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1383em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.034em;\">assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7245em;top:13.6738em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.8014em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_330\">rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0108em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_199\" style=\"word-spacing:-0.029em;\">in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.3202em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_506\">Software \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.177em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_78\">progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9777em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7233em;top:15.3582em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8564em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_307\">458</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_242\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4477em;top:15.3582em;z-index:299;\"><span class=\"stl_268 stl_20 stl_269\">29</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1589em;top:15.3582em;z-index:307;\"><span class=\"stl_268 stl_20 stl_627\">87</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.8883em;top:15.3582em;z-index:315;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_242\">543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7595em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_288\">633</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_110\">643 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7239em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0958em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_402\">703</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_271\">957 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9695em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_273\">145 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9002em;top:16.38em;z-index:360;\"><span class=\"stl_268 stl_20 stl_323\">96</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2302em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_343\">800</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_50\">262 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7239em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.997em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1564em;top:17.4019em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_324\">921 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.712em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_313\">921</span><span class=\"stl_255 stl_20 stl_313\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1708em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7245em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">Transfer to/from property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2733em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9977em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.722em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4964em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_561\">559</span><span class=\"stl_255 stl_20 stl_561\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.2208em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_561\">559</span><span class=\"stl_255 stl_20 stl_561\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7245em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2733em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9976em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.262em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_43\">280</span><span class=\"stl_255 stl_20 stl_43\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4464em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7108em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_43\">280</span><span class=\"stl_255 stl_20 stl_43\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7245em;top:20.4675em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2733em;top:20.4675em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9976em;top:20.4675em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2926em;top:20.4675em;\"><span class=\"stl_268 stl_20 stl_304\">12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.6783em;top:20.4675em;\"><span class=\"stl_268 stl_20 stl_50\">148 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4033em;top:20.4675em;\"><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:21.4838em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0251em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.637em;top:21.4838em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9158em;top:21.4838em;\"><span class=\"stl_261 stl_16 stl_308\">733,77</span><span class=\"stl_257 stl_16 stl_308\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6245em;top:21.4838em;\"><span class=\"stl_257 stl_16 stl_300\">100</span><span class=\"stl_261 stl_16 stl_215\">,3</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3639em;top:21.4838em;\"><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_126\">34,37</span><span class=\"stl_257 stl_16 stl_126\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5689em;top:21.4838em;z-index:612;\"><span class=\"stl_261 stl_16 stl_343\">6,4</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_613\">7,</span><span class=\"stl_257 stl_16 stl_242\">22</span><span class=\"stl_261 stl_16 stl_242\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Amortization as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3533em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9983em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1695em;top:23.115em;z-index:665;\"><span class=\"stl_268 stl_20 stl_338\">69</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_100\">956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.447em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2226em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_237\">342</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_238\">891 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:24.1369em;\"><span class=\"stl_255 stl_20 stl_330\">Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3533em;top:24.1369em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9983em;top:24.1369em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1408em;top:24.1369em;\"><span class=\"stl_268 stl_20 stl_249\">13</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_246\">681 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.447em;top:24.1369em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2733em;top:24.1369em;\"><span class=\"stl_268 stl_20 stl_604\">286</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_341\">616 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2739em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9983em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.2414em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_166\">257</span><span class=\"stl_255 stl_20 stl_166\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.447em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6901em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_166\">257</span><span class=\"stl_255 stl_20 stl_166\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:26.1807em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2739em;top:26.1807em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9983em;top:26.1807em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2777em;top:26.1807em;\"><span class=\"stl_268 stl_20 stl_18\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.447em;top:26.1807em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7264em;top:26.1807em;\"><span class=\"stl_268 stl_20 stl_18\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Amortization as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.1801em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_250\">545,</span><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_291\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9908em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9908em;top:27.1969em;z-index:842;\"><span class=\"stl_261 stl_16 stl_253\">7</span><span class=\"stl_261 stl_16 stl_568\">7</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4395em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.0964em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_282\">6</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_271\">3,</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_291\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:28.8225em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6464em;top:28.8225em;\"><span class=\"stl_261 stl_16 stl_151\">4,9</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_238\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9158em;top:28.8225em;\"><span class=\"stl_261 stl_16 stl_308\">733,77</span><span class=\"stl_257 stl_16 stl_308\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9758em;top:28.8225em;\"><span class=\"stl_257 stl_16 stl_134\">22</span><span class=\"stl_261 stl_16 stl_151\">,9</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3639em;top:28.8225em;\"><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_126\">34,37</span><span class=\"stl_257 stl_16 stl_126\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5476em;top:28.8225em;\"><span class=\"stl_261 stl_16 stl_238\">5,</span><span class=\"stl_257 stl_16 stl_150\">80</span><span class=\"stl_261 stl_16 stl_563\">3,956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0369em;\">Geographical split of intangible assets \u2013 </span><span class=\"stl_257 stl_16 stl_09\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:31.4757em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.762em;top:31.4757em;\"><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_150\">802</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:32.4975em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.0564em;top:32.4975em;\"><span class=\"stl_268 stl_20 stl_18\">6</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:33.5194em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9608em;top:33.5194em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_285\">618 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:34.5357em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">Total intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5476em;top:34.5357em;\"><span class=\"stl_261 stl_16 stl_238\">5,</span><span class=\"stl_257 stl_16 stl_150\">80</span><span class=\"stl_261 stl_16 stl_563\">3,956 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7489em;top:10.2157em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">Other intable assets in progress relates to IT invest- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:11.0488em;\"><span class=\"stl_255 stl_20 stl_345\">ments. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:12.7157em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">Other intangible assets in progress include investments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:13.5488em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">in software. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0016em;\">Intangible assets </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 16 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0046em;\">Property, plant and equipment \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">Property, plant and equipment include land and build- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">ings, production equipment, leasehold improvements, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0369em;\">office and IT equipment and laboratory equipment and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">is measured at cost less accumulated depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">impairment losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.5624em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">Cost includes the costs directly attributable to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.3955em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">purchase of the asset, until the asset is ready for use. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.2287em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">For assets constructed by the Group cost includes mate- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.0618em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">rials, components, third-party suppliers and labour. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.7287em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">Borrowing costs directly attributable to the construction \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5618em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">of property, plant and equipment are included in cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3949em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">Other borrowing costs are recognized in the income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.228em;\"><span class=\"stl_255 stl_20 stl_107\">statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8949em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Depreciation is charged over the expected economic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.728em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">lives of the assets, and the depreciation methods, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.5612em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">expected lives and residual values are reassessed indi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.3943em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">vidually for the assets at the end of each financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.2274em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Assets are depreciated on a straightline basis over their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.0605em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">estimated useful lives as follows: \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.5605em;\"><span class=\"stl_255 stl_20 stl_345\">Buildings \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.885em;top:11.5605em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">10\u201320 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.3937em;\"><span class=\"stl_255 stl_20 stl_376\">Installations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2682em;top:12.3937em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">5\u201315 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:13.2268em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">Leasehold improvements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0769em;top:13.2268em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.021em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:14.0599em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Office and IT equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.4932em;top:14.0599em;\"><span class=\"stl_255 stl_20 stl_449\" style=\"word-spacing:-0.0407em;\">3\u20135 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:14.893em;\"><span class=\"stl_255 stl_20 stl_472\" style=\"word-spacing:-0.0389em;\">Laboratory equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2319em;top:14.893em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">5\u201310 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.7262em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0368em;\">Production equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2688em;top:15.7262em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">3\u201315 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.393em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Management reviews the estimated useful lives of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.2262em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">material property, plant and equipment at the end of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.0593em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0226em;\">each financial year. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:20.7193em;\"><span class=\"stl_599 stl_57 stl_380\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5593em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0365em;\">The carrying amounts of property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.3924em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">carried at cost or amortized cost are tested annually to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2255em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">determine whether there are indications of any impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0587em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ment in excess of that expressed in normal deprecia- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.8918em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">tion. If that is the case, the asset is written down to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.7249em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0335em;\">recoverable amount, which is the higher of its fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.558em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">less costs to sell and its value in use. Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.3912em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">on property, plant and equipment are recognized under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the same line item as depreciation of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.9818em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.3299em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.443em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">fixtures and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.9055em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0375em;\">fittings, other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1424em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_138\" style=\"word-spacing:-0.0428em;\">Land and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5699em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_463\">Leasehold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.458em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Plant and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1824em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0367em;\">plant and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.9237em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_59\" style=\"word-spacing:-0.0413em;\">Assets under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:14.4238em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0668em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:0.9976em;\">buildings improvement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1399em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_461\">machinery \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.7612em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_446\">equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.0656em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_446\">construction \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9799em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7255em;top:16.1082em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.603em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_202\">546</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">771 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.6437em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0749em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_408\">424</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_150\">291 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.8924em;top:16.1082em;z-index:378;\"><span class=\"stl_268 stl_20 stl_303\">312</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_543\">179 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5393em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_124\">578</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_45\">707 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7187em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_248\">884</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_72\">236 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7255em;top:17.13em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9693em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_324\">768 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0849em;top:17.13em;z-index:422;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4124em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_158\">26</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_308\">023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.8081em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_47\">146</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_50\">421 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.4999em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_127\">885 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2706em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_623\">361</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_172\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7249em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.5868em;top:18.1519em;\"><span class=\"stl_268 stl_20 stl_234\">238</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">004 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.7174em;top:18.1519em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_172\">802 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4262em;top:18.1519em;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_71\">919 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9199em;top:18.1519em;z-index:499;\"><span class=\"stl_268 stl_20 stl_334\">167</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_311\">745 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3774em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_303\">491</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_605\">470</span><span class=\"stl_255 stl_20 stl_605\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1718em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7256em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5499em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2743em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.5481em;top:19.1738em;z-index:535;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">864</span><span class=\"stl_255 stl_20 stl_100\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.7706em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_239\">428</span><span class=\"stl_255 stl_20 stl_239\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4474em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.4131em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_282\">292</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7256em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5499em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2743em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9987em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9962em;top:20.1957em;\"><span class=\"stl_268 stl_20 stl_339\">119 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.3331em;top:20.1957em;\"><span class=\"stl_268 stl_20 stl_18\">8</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4156em;top:20.1957em;\"><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7262em;top:21.2119em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0249em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4318em;top:21.2119em;\"><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_72\">5</span><span class=\"stl_257 stl_16 stl_76\">8</span><span class=\"stl_261 stl_16 stl_221\">,543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5312em;top:21.2119em;\"><span class=\"stl_261 stl_16 stl_127\">4</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_280\">37 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9287em;top:21.2119em;\"><span class=\"stl_261 stl_16 stl_296\">5</span><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_492\">4,369 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6449em;top:21.2119em;\"><span class=\"stl_261 stl_16 stl_09\">6</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_274\">6,</span><span class=\"stl_257 stl_16 stl_45\">0</span><span class=\"stl_261 stl_16 stl_326\">36 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.4256em;top:21.2119em;z-index:659;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_337\">96,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_238\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5612em;top:21.2119em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_342\">35,3</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7262em;top:22.8432em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Depreciation and impairment losses as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6331em;top:22.8432em;\"><span class=\"stl_268 stl_20 stl_364\">200</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_276\">818 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.6731em;top:22.8432em;\"><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">277 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.1931em;top:22.8432em;z-index:748;\"><span class=\"stl_268 stl_20 stl_628\">169</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_338\">761 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1418em;top:22.8432em;\"><span class=\"stl_268 stl_20 stl_127\">88</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_71\">712 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4493em;top:22.8432em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2481em;top:22.8432em;\"><span class=\"stl_268 stl_20 stl_561\">471</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_332\">568 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7268em;top:23.865em;\"><span class=\"stl_255 stl_20 stl_111\">Depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9937em;top:23.865em;z-index:788;\"><span class=\"stl_268 stl_20 stl_629\">27</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0781em;top:23.865em;z-index:795;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_324\">196 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4468em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_340\">31</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_26\">061 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1087em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_294\">26</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_199\">360 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4487em;top:23.865em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5437em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_127\">88</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_246\">204 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7268em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5512em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2756em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.6124em;top:24.8869em;z-index:845;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_12\">198</span><span class=\"stl_255 stl_20 stl_12\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.7631em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_336\">301</span><span class=\"stl_255 stl_20 stl_336\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4487em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7087em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_43\">499</span><span class=\"stl_255 stl_20 stl_43\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7262em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5506em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9912em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_629\">1</span><span class=\"stl_255 stl_20 stl_629\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9993em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2856em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_09\">70 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4481em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7368em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_291\">69 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7262em;top:26.925em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Depreciation and impairment losses as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4299em;top:26.925em;\"><span class=\"stl_257 stl_16 stl_166\">228</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5468em;top:26.925em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_570\">5,47</span><span class=\"stl_257 stl_16 stl_570\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9287em;top:26.925em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6712em;top:26.925em;\"><span class=\"stl_257 stl_16 stl_593\">11</span><span class=\"stl_261 stl_16 stl_75\">4,</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_305\">4</span><span class=\"stl_257 stl_16 stl_305\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4412em;top:26.925em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1012em;top:26.925em;\"><span class=\"stl_261 stl_16 stl_276\">55</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_85\">,34</span><span class=\"stl_257 stl_16 stl_85\">2 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7268em;top:28.5507em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.5218em;top:28.5507em;z-index:1035;\"><span class=\"stl_261 stl_16 stl_274\">63</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_326\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5643em;top:28.5507em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_45\">4,765 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9912em;top:28.5507em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_548\">21</span><span class=\"stl_261 stl_16 stl_573\">,745 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7525em;top:28.5507em;z-index:1055;\"><span class=\"stl_261 stl_16 stl_548\">5</span><span class=\"stl_257 stl_16 stl_312\">11</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.4268em;top:28.5507em;z-index:1062;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_337\">96,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_238\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5406em;top:28.5507em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_75\">,6</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_317\">3,973 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:30.1763em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Geographical split of property, plant and equipment \u2013 </span><span class=\"stl_257 stl_16 stl_514\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:31.2038em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7712em;top:31.2038em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_294\">626</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_331\">673 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:32.2257em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5431em;top:32.2257em;\"><span class=\"stl_268 stl_20 stl_323\">56</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_205\">564 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:33.2475em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3843em;top:33.2475em;\"><span class=\"stl_268 stl_20 stl_72\">463 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:34.2694em;\"><span class=\"stl_255 stl_20 stl_215\">Switzerland \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3906em;top:34.2694em;\"><span class=\"stl_268 stl_20 stl_100\">273 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:35.2857em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0328em;\">Total property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5406em;top:35.2857em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_75\">,6</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_317\">3,973 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7512em;top:10.2157em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">The expansion of the drug substance facility for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:11.0488em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">production of Rabipur/RabAvert and Encepur completed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:11.8819em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">end of 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:13.5488em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">The Company has not incurred any borrowing costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:14.3819em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">directly attributable to the construction of the fill finish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:15.215em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">manufacturing facility, hence no borrowing costs have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:16.0482em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">been capitalized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:17.715em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Mortgage loans of DKK 18.9 million are secured by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:18.5482em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">mortgages totaling DKK 50.0 million on the property \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:19.3813em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0239em;\">B\u00f8geskovvej 9/Hejreskovvej 10A, Kvistgaard. In addi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:20.2144em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">tion, as of December 31, 2022, mortgage deeds for a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:21.0475em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">total of DKK 75.0 million have been issued. The carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:21.8807em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">amount of assets mortgaged in security of mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:22.7138em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">loans is DKK 951.8 million (land and buildings: DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:23.5469em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">630.1 million; plant and machinery: DKK 321.7 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 16 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0046em;\">Property, plant and equipment </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:38.9905em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.3298em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.443em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">fixtures and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.9055em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0375em;\">fittings, other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1423em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_138\" style=\"word-spacing:-0.0428em;\">Land and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5698em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_463\">Leasehold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.458em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Plant and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1823em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0367em;\">plant and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.9236em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_59\" style=\"word-spacing:-0.0413em;\">Assets under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:14.4238em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0667em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:0.9976em;\">buildings improvement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1398em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_461\">machinery \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.7611em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_446\">equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.0655em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_446\">construction \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9798em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7255em;top:16.1082em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.5905em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_96\">548</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_150\">291 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.673em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_291\">14</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_332\">404 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0886em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_307\">485</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_327\">024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.8186em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_425\">294</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_281\">418 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5311em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_630\">213</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_75\">309 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.758em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_282\">555</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:17.13em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3055em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5023em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_378\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.7755em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_272\">717 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1698em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_151\">871 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5323em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_336\">461</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_331\">867 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2048em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_343\">482</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_332\">568 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3217em;top:18.1519em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_302\">911 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0848em;top:18.1519em;z-index:487;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_269\">811 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4742em;top:18.1519em;z-index:495;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_313\">155 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.5505em;top:18.1519em;z-index:502;\"><span class=\"stl_268 stl_20 stl_567\">9</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_50\">148 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.7111em;top:18.1519em;z-index:511;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_47\">025</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1717em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">Transfer from intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5498em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2742em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9986em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.723em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.6823em;top:19.1738em;\"><span class=\"stl_268 stl_20 stl_324\">559 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4067em;top:19.1738em;\"><span class=\"stl_268 stl_20 stl_324\">559 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7248em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.7842em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_429\">946</span><span class=\"stl_255 stl_20 stl_429\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3405em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_631\">518</span><span class=\"stl_255 stl_20 stl_631\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9223em;top:20.1957em;z-index:601;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_594\">139</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_471\">605</span><span class=\"stl_255 stl_20 stl_471\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.263em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_174\">369</span><span class=\"stl_255 stl_20 stl_174\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4467em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.0673em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_408\">154</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_280\">438</span><span class=\"stl_255 stl_20 stl_280\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7248em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.2655em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_629\">1</span><span class=\"stl_255 stl_20 stl_629\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9761em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_548\">6</span><span class=\"stl_255 stl_20 stl_548\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9979em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.0048em;top:21.2175em;\"><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1423em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_293\">3</span><span class=\"stl_255 stl_20 stl_293\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4148em;top:21.2175em;\"><span class=\"stl_268 stl_20 stl_276\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7248em;top:22.2338em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0249em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4417em;top:22.2338em;\"><span class=\"stl_261 stl_16 stl_632\">546,77</span><span class=\"stl_257 stl_16 stl_632\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5073em;top:22.2338em;\"><span class=\"stl_257 stl_16 stl_134\">22</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_200\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8986em;top:22.2338em;\"><span class=\"stl_261 stl_16 stl_18\">4</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_76\">4,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_280\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7217em;top:22.2338em;z-index:724;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_335\">1</span><span class=\"stl_261 stl_16 stl_294\">79 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3786em;top:22.2338em;\"><span class=\"stl_261 stl_16 stl_280\">57</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_133\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5067em;top:22.2338em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_344\">88</span><span class=\"stl_261 stl_16 stl_76\">4,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_326\">36 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:23.865em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Depreciation and impairment losses as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6436em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_239\">182</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">059 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.7092em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_543\">10</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_26\">691 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0448em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_317\">280</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_199\">360 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.2061em;top:23.865em;z-index:827;\"><span class=\"stl_268 stl_20 stl_564\">71</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">180 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4467em;top:23.865em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2004em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_32\">544</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_75\">290 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_111\">Depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9617em;top:24.8869em;\"><span class=\"stl_268 stl_20 stl_298\">25</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_280\">695 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0573em;top:24.8869em;z-index:866;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_378\">104 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4361em;top:24.8869em;z-index:874;\"><span class=\"stl_268 stl_20 stl_629\">27</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_200\">572 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1304em;top:24.8869em;\"><span class=\"stl_268 stl_20 stl_280\">20</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4461em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5973em;top:24.8869em;\"><span class=\"stl_268 stl_20 stl_45\">75</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_298\">791 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5486em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2729em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2273em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_158\">278 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9292em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4461em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4336em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_613\">618 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.1073em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_280\">936</span><span class=\"stl_255 stl_20 stl_280\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3398em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_631\">518</span><span class=\"stl_255 stl_20 stl_631\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8873em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_432\">138</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_47\">449</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.2411em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_124\">300</span><span class=\"stl_255 stl_20 stl_124\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4461em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1304em;top:26.9307em;z-index:988;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_584\">149</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_71\">203</span><span class=\"stl_255 stl_20 stl_71\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5486em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.273em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9973em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2636em;top:27.9525em;\"><span class=\"stl_268 stl_20 stl_114\">72 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4461em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7123em;top:27.9525em;\"><span class=\"stl_268 stl_20 stl_114\">72 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:28.9688em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Depreciation and impairment losses as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_09\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4686em;top:28.9688em;\"><span class=\"stl_257 stl_16 stl_364\">200</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_327\">818 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5273em;top:28.9688em;\"><span class=\"stl_257 stl_16 stl_277\">12</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_253\">77 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0092em;top:28.9688em;\"><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_633\">69,76</span><span class=\"stl_257 stl_16 stl_633\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9986em;top:28.9688em;\"><span class=\"stl_257 stl_16 stl_215\">88</span><span class=\"stl_261 stl_16 stl_278\">,7</span><span class=\"stl_257 stl_16 stl_305\">12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4386em;top:28.9688em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.0811em;top:28.9688em;\"><span class=\"stl_261 stl_16 stl_324\">47</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_69\">,56</span><span class=\"stl_257 stl_16 stl_69\">8 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7242em;top:30.5944em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4711em;top:30.5944em;\"><span class=\"stl_261 stl_16 stl_563\">345,953 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5917em;top:30.5944em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_634\">011 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8861em;top:30.5944em;\"><span class=\"stl_257 stl_16 stl_326\">2</span><span class=\"stl_261 stl_16 stl_88\">54,53</span><span class=\"stl_257 stl_16 stl_88\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6117em;top:30.5944em;\"><span class=\"stl_257 stl_16 stl_33\">22</span><span class=\"stl_261 stl_16 stl_250\">3,467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3779em;top:30.5944em;\"><span class=\"stl_261 stl_16 stl_280\">57</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_133\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5429em;top:30.5944em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_248\">,66</span><span class=\"stl_257 stl_16 stl_248\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:32.22em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Geographical split of property, plant and equipment \u2013 </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:33.2475em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7879em;top:33.2475em;z-index:1261;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_313\">369</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:34.2694em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.603em;top:34.2694em;\"><span class=\"stl_268 stl_20 stl_302\">41</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">775 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:35.2913em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3792em;top:35.2913em;\"><span class=\"stl_268 stl_20 stl_134\">577 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:36.3132em;\"><span class=\"stl_255 stl_20 stl_215\">Switzerland \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4061em;top:36.3132em;\"><span class=\"stl_268 stl_20 stl_324\">320 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:37.3294em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0328em;\">Total property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5429em;top:37.3294em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_248\">,66</span><span class=\"stl_257 stl_16 stl_248\">8 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7473em;top:10.215em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">Assets under construction relates mainly the ongoing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:11.0482em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">expansion of the drug substance facility for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:11.8813em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">production of Rabipur/RabAvert and Encepur (DKK 479 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:12.7144em;\"><span class=\"stl_255 stl_20 stl_383\">million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:14.3813em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">The fill and finish manufacturing facility completed in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:15.2144em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">2021 and the depreciation of the fill and finish building \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:16.0475em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">and equipment commenced. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:17.7144em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Mortgage loans of DKK 21.1 million are secured by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:18.5475em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">mortgages totaling DKK 50.0 million on the property \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:19.3807em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0239em;\">B\u00f8geskovvej 9/Hejreskovvej 10A, Kvistgaard. In addi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:20.2138em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">tion, as of December 31, 2021, mortgage deeds for a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:21.0469em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">total of DKK 75.0 million have been issued. The carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:21.88em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">amount of assets mortgaged in security of mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:22.7132em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0351em;\">loans is DKK 600.5 million (land and buildings: DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:23.5463em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">346.0 million; plant and machinery: DKK 254.5 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 16 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0046em;\">Property, plant and equipment </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 17 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_171\">Right-of-use-assets \u00a0</span></div><div class=\"stl_01\" style=\"left:28.5881em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.705em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_134\">Rent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9237em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_412\">Car \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:12.1738em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0387em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_635\">facility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7175em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:0.7661em;\">leasing Equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9712em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:13.8582em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">Right-of-use assets as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.2412em;top:13.8582em;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_282\">026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4031em;top:13.8582em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_613\">742 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1468em;top:13.8582em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_184\">075 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:13.8582em;\"><span class=\"stl_268 stl_20 stl_278\">75</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:14.88em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0718em;top:14.88em;\"><span class=\"stl_268 stl_20 stl_548\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3406em;top:14.88em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_277\">671 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3831em;top:14.88em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9062em;top:14.88em;z-index:284;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_332\">588 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:15.9019em;\"><span class=\"stl_255 stl_20 stl_409\">Modifications \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.575em;top:15.9019em;\"><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_231\">326 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8112em;top:15.9019em;\"><span class=\"stl_268 stl_20 stl_215\">986 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3831em;top:15.9019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9175em;top:15.9019em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">312 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3843em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_587\">412</span><span class=\"stl_255 stl_20 stl_587\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.6037em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3831em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7225em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_587\">412</span><span class=\"stl_255 stl_20 stl_587\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7237em;top:17.9457em;\"><span class=\"stl_255 stl_20 stl_69\">Depreciations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0987em;top:17.9457em;z-index:372;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1425em;top:17.9457em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_158\">050</span><span class=\"stl_255 stl_20 stl_158\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4031em;top:17.9457em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_455\">500</span><span class=\"stl_255 stl_20 stl_455\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3618em;top:17.9457em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_47\">025</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7237em;top:18.9675em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Reversal depreciations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.025em;top:18.9675em;\"><span class=\"stl_268 stl_20 stl_333\">909 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.6031em;top:18.9675em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3825em;top:18.9675em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3631em;top:18.9675em;\"><span class=\"stl_268 stl_20 stl_333\">909 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7231em;top:19.9894em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0925em;top:19.9894em;\"><span class=\"stl_268 stl_20 stl_338\">176 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.16em;top:19.9894em;\"><span class=\"stl_268 stl_20 stl_158\">43 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0981em;top:19.9894em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_629\">1</span><span class=\"stl_255 stl_20 stl_629\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4094em;top:19.9894em;\"><span class=\"stl_268 stl_20 stl_296\">218 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:21.0057em;\"><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0305em;\">Right-of-use assets as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0619em;top:21.0057em;\"><span class=\"stl_261 stl_16 stl_72\">5</span><span class=\"stl_257 stl_16 stl_76\">8</span><span class=\"stl_261 stl_16 stl_234\">,467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2144em;top:21.0057em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_317\">,39</span><span class=\"stl_257 stl_16 stl_317\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5781em;top:21.0057em;\"><span class=\"stl_261 stl_16 stl_335\">574 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.47em;top:21.0057em;\"><span class=\"stl_261 stl_16 stl_356\">67,433 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.595em;top:22.9982em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.7031em;top:24.1976em;\"><span class=\"stl_261 stl_16 stl_134\">Rent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9218em;top:24.1976em;\"><span class=\"stl_261 stl_16 stl_412\">Car \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:24.9532em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0368em;top:24.9476em;\"><span class=\"stl_261 stl_16 stl_635\">facility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7156em;top:24.9476em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:0.7661em;\">leasing Equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9694em;top:24.9476em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:26.6375em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">Right-of-use assets as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.2344em;top:26.6375em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">931 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3525em;top:26.6375em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">312 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6319em;top:26.6375em;\"><span class=\"stl_268 stl_20 stl_272\">744 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5862em;top:26.6375em;\"><span class=\"stl_268 stl_20 stl_286\">71</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_130\">987 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:27.6594em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8225em;top:27.6594em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8231em;top:27.6594em;\"><span class=\"stl_268 stl_20 stl_274\">902 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6169em;top:27.6594em;\"><span class=\"stl_268 stl_20 stl_324\">768 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9206em;top:27.6594em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_184\">670 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:28.6813em;\"><span class=\"stl_255 stl_20 stl_409\">Modifications \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.2162em;top:28.6813em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_172\">036 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9637em;top:28.6813em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_172\">46</span><span class=\"stl_255 stl_20 stl_172\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9294em;top:28.6813em;\"><span class=\"stl_268 stl_20 stl_72\">38 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:28.6813em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_50\">028 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_69\">Depreciations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0825em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_315\">071</span><span class=\"stl_255 stl_20 stl_315\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1481em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_274\">480</span><span class=\"stl_255 stl_20 stl_274\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4294em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_26\">475</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3856em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_184\">20</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_11\">026</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:30.725em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0606em;top:30.725em;\"><span class=\"stl_268 stl_20 stl_09\">130 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.1487em;top:30.725em;\"><span class=\"stl_268 stl_20 stl_127\">54 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:30.725em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3887em;top:30.725em;\"><span class=\"stl_268 stl_20 stl_378\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:31.7413em;\"><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">Right-of-use assets as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0968em;top:31.7413em;\"><span class=\"stl_261 stl_16 stl_274\">73,</span><span class=\"stl_257 stl_16 stl_282\">02</span><span class=\"stl_261 stl_16 stl_282\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2768em;top:31.7413em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_636\">,74</span><span class=\"stl_257 stl_16 stl_636\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.02em;top:31.7413em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_09\">75 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4156em;top:31.7413em;\"><span class=\"stl_261 stl_16 stl_125\">75,</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_238\">43 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7225em;top:33.7394em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.19em;top:33.7338em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9868em;top:33.7338em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:35.4182em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0379em;\">Amounts included in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:36.4457em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Interest expense leases \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1006em;top:36.4457em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_233\">888 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9412em;top:36.4457em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_548\">976 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7218em;top:37.4675em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">Depreciation recognized on right-of-use assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.79em;top:37.4675em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5887em;top:37.4675em;\"><span class=\"stl_268 stl_20 stl_184\">20</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_282\">026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7212em;top:38.4894em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Cost recognized for short term leases (less than </span><span class=\"stl_268 stl_20 stl_302\" style=\"word-spacing:0.074em;\">12 </span><span class=\"stl_255 stl_20 stl_247\">months) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6106em;top:38.4894em;\"><span class=\"stl_268 stl_20 stl_288\">267 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3868em;top:38.4894em;\"><span class=\"stl_268 stl_20 stl_151\">427 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">The right-of-use assets comprise the initial measure- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">ment of the corresponding lease liability. Right-of-use \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">assets are subsequently measured at cost less accumu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">lated depreciation and impairment losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3718em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">All operating leases with a lease term of more than 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2049em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">months are recognized on the balance sheet as right- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0381em;\"><span class=\"stl_255 stl_20 stl_75\">of-use-assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.7049em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">For leases with a lease term of less than 12 months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.5381em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the lease payments are recognized as an operating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.3712em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">expense on a straight-line basis over the term of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_134\">lease. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.8712em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0247em;\">The right-of-use-assets are measured at the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">value of all future lease payments. When assessing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">lease term, any extension or termination options are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.3706em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">included in the assessment. The options are included \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.2037em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">in determining the lease term, if exercise is reason- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0368em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ably certain. When determining the discount rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.8699em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">used to calculate the net present value of future lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.7031em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">payments, an incremental country specific borrowing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.5362em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">rate is used, based on a government bond plus the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.3693em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0245em;\">Group\u2019s credit margin, ranging from 2.5% to 3.0%. A \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.2024em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">single discount rate is used for a portfolio of lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.0356em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">assets with reasonable similar characteristics. Initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.8687em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">direct costs are not included in measurement of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7018em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">right-of-use-assets. Non-lease components are not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.5349em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">separated from lease components. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.2018em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Impact from change in lease terms, lease payments or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.0349em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">modification of the lease contract is further described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.8681em;z-index:2496;\"><span class=\"stl_255 stl_20 stl_455\" style=\"word-spacing:-0.0027em;\">in note 27. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.5349em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">Right-of-use assets are depreciated over the shorter \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.3681em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">period of lease term and useful life of the underlying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.2012em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">asset. The depreciation starts at the commencement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.0343em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">date of the lease. IAS 36 is applied to determine \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.8674em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">whether a right-of-use asset is impaired and any iden- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.7006em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">tified impariment losses are accounted for as described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.5337em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">in note 15. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_176\">Inventories \u00a0</span></div><div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">Raw materials and supply materials \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4757em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_492\">206</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_275\">211 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5732em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_172\">80</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_09\">243 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">Work in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5369em;top:12.9307em;z-index:146;\"><span class=\"stl_268 stl_20 stl_45\">641</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">183 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5869em;top:12.9307em;z-index:154;\"><span class=\"stl_268 stl_20 stl_637\">79</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_344\">904 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0365em;\">Manufactured goods and commodities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4332em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_383\">234</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_200\">097 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2363em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_300\">492</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_298\">837 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Write-down on inventory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_174\">162</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_592\">419</span><span class=\"stl_255 stl_20 stl_592\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0932em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_294\">172</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_573\">941</span><span class=\"stl_255 stl_20 stl_573\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_248\">Inventories \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3375em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_524\">9,</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_344\">7</span><span class=\"stl_257 stl_16 stl_344\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0525em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_74\">4</span><span class=\"stl_257 stl_16 stl_222\">80</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_238\">43 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Write-down on inventory as of January </span><span class=\"stl_268 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3144em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_294\">172</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_573\">941</span><span class=\"stl_255 stl_20 stl_573\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3725em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_158\">63</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_124\">537</span><span class=\"stl_255 stl_20 stl_124\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">Write-down for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6663em;top:18.6438em;z-index:364;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_621\">101</span><span class=\"stl_255 stl_20 stl_621\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0969em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_340\">171</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_259\">643</span><span class=\"stl_255 stl_20 stl_259\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Use of write-down \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7982em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_85\">46</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_565\">031 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5544em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_133\">62</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">239 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">Reversal of write-down \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7882em;top:20.6876em;\"><span class=\"stl_268 stl_20 stl_222\">42</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_280\">592 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1644em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:21.7038em;\"><span class=\"stl_261 stl_16 stl_350\" style=\"word-spacing:-0.0311em;\">Write-down on inventory as of December 3</span><span class=\"stl_257 stl_16 stl_350\" style=\"word-spacing:-0.0311em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1332em;top:21.7038em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_09\">6</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_295\">9) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9038em;top:21.7038em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_335\">1</span><span class=\"stl_261 stl_16 stl_344\">7</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_542\">,94</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:23.3351em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">Cost of goods sold amounts to, cf. note </span><span class=\"stl_268 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4132em;top:23.3351em;\"><span class=\"stl_268 stl_20 stl_248\">644</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_91\">683 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.28em;top:23.3351em;z-index:552;\"><span class=\"stl_268 stl_20 stl_611\">539</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">789 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:10.2169em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">The inventory of Encepur and Rabipur/RabAvert prod- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:11.0501em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">ucts amounted to DKK 577.9 million (DKK 305.4 million) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:11.8832em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">as per December 31, 2022 incl. write-down. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:13.5501em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Write-down for the year amounted to DKK 78.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:14.3832em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">and mainly relates to Encepur products which have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.2163em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">been challenged with delays at CMO's. The delays led \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.0494em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">to issues with seasonality and too low shelf life. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.7163em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Use of write-down in 2022 of DKK 46 million relates to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.5494em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">scrap of old Encepur batches fully written down last \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:19.3826em;\"><span class=\"stl_255 stl_20 stl_125\">year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.0494em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Reversal of write-down of DKK 42.6 million mainly \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.8826em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">relates to Rabipur/RabAvert products since actual sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.7157em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">exceeded expected sales for the year. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:24.6446em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.6914em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0233em;\">Inventories except for raw materials are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5245em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">at the lower of cost using the weighted average cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3576em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">formula method less write-downs for obsolescence and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.1907em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">net realisable value. Raw materials are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0239em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">cost based on the FIFO method. For raw materials, cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.857em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">is determined as direct acquisition costs incurred. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.6901em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">cost of finished goods produced in-house and work in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5232em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">progress includes raw materials, consumables, filling \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3564em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">cost, QC testing and direct payroll costs plus indirect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.1895em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0353em;\">costs of production. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8564em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">Indirect costs of production include indirect materials \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6895em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">and labour as well as maintenance of and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.5226em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">on the machinery used in production processes, factory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3557em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0351em;\">buildings and equipment used and cost of production \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2164em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">administration and management. The net realisable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0495em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">value is the estimated sales price in the ordinary course \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8826em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">of business less relevant sales costs determined on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7157em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">basis of marketability, obsolescence and changes in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5489em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">expected sales price. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.3403em;top:15.4779em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.5247em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Production overheads are measured on the basis of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.3578em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">actual costs. The basis of the actual costs is reassessed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:18.1909em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">regularly to ensure that they are adjusted for changes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.0241em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">in the utilization of production capacity, production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.8572em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">changes and other relevant factors. Biological living \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.6903em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">material is used, and the measurements and assump- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5234em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">tions for the estimates made may be incomplete or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.3566em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">inaccurate, and unexpected events or circumstances \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1897em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">may occur, which may cause the actual outcomes to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0228em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">later deviate from these estimates. It may be necessary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8559em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">to change previous estimates as a result of changes in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6891em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">the assumptions on which the estimates were based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5222em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">or due to new information or subsequent events, for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3553em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">which certainty could not be achieved in the earlier \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1884em;\"><span class=\"stl_255 stl_20 stl_91\">estimates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8553em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Estimates that are material to the financial reporting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:30.6884em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">are made in the determination of any impairment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5216em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">inventories as a result of 'out-of-specification' products, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:32.3547em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0397em;\">expiry of products and sales risk. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_432\" style=\"word-spacing:0.0085em;\">Note 19 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_240\" style=\"word-spacing:0.0137em;\">Trade receivables \u00a0</span></div><div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">Trade receivables from smallpox vaccine sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4863em;top:11.9088em;z-index:162;\"><span class=\"stl_268 stl_20 stl_340\">329</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">897 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5832em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_296\">218 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Trade receivables from Encepur and Rabipur/RabAvert \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5388em;top:12.9307em;z-index:230;\"><span class=\"stl_268 stl_20 stl_334\">167</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2288em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_174\">162</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_329\">546 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Trade receivables from other product sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3844em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3219em;top:13.9525em;z-index:292;\"><span class=\"stl_268 stl_20 stl_545\">137</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_18\">731 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Trade receivables from contract work \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8163em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_563\">25</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9675em;top:14.9744em;z-index:343;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">129 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3625em;top:15.9907em;z-index:368;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_274\">45 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.09em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4782em;top:17.9832em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2632em;top:19.1825em;\"><span class=\"stl_261 stl_16 stl_215\">Gross \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3707em;top:19.1825em;\"><span class=\"stl_261 stl_16 stl_329\">Net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.4325em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3919em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_198\">Loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9907em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.6882em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5732em;top:20.6825em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:1.0358em;\">amount allowance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1313em;top:20.6825em;\"><span class=\"stl_261 stl_16 stl_572\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.3669em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.3944em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Not past due date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7432em;top:23.3944em;z-index:479;\"><span class=\"stl_268 stl_20 stl_91\">484</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_311\">110 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:23.3944em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3019em;top:23.3944em;z-index:490;\"><span class=\"stl_268 stl_20 stl_91\">484</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_311\">110 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:24.4163em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0488em;top:24.4163em;z-index:518;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_48\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.425em;top:24.4163em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_156\">823</span><span class=\"stl_255 stl_20 stl_156\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5919em;top:24.4163em;\"><span class=\"stl_268 stl_20 stl_326\">38</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_285\">612 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:25.4382em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_18\">3</span><span class=\"stl_255 stl_20 stl_412\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">6 </span><span class=\"stl_255 stl_20 stl_90\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8388em;top:25.4382em;\"><span class=\"stl_268 stl_20 stl_282\">470 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7407em;top:25.4382em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_222\">47</span><span class=\"stl_255 stl_20 stl_222\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3769em;top:25.4382em;\"><span class=\"stl_268 stl_20 stl_130\">423 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7213em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5338em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_250\">4,</span><span class=\"stl_257 stl_16 stl_296\">01</span><span class=\"stl_261 stl_16 stl_296\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.335em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_305\">(</span><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_71\">7</span><span class=\"stl_257 stl_16 stl_305\">0</span><span class=\"stl_261 stl_16 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1388em;top:26.4544em;z-index:602;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_274\">45 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4838em;top:28.4469em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2607em;top:29.6463em;\"><span class=\"stl_261 stl_16 stl_215\">Gross \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3682em;top:29.6463em;\"><span class=\"stl_261 stl_16 stl_329\">Net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.43em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3894em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_198\">Loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9882em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:31.1519em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5707em;top:31.1463em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:1.0358em;\">amount allowance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1288em;top:31.1463em;\"><span class=\"stl_261 stl_16 stl_572\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7207em;top:32.8307em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7207em;top:33.8582em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Not past due date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7em;top:33.8582em;\"><span class=\"stl_268 stl_20 stl_589\">374</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">583 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3794em;top:33.8582em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2588em;top:33.8582em;\"><span class=\"stl_268 stl_20 stl_589\">374</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">583 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:34.88em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3407em;top:34.88em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_18\">936 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4438em;top:34.88em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_582\">139</span><span class=\"stl_255 stl_20 stl_582\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9013em;top:34.88em;\"><span class=\"stl_268 stl_20 stl_18\">6</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">797 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:35.9019em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8313em;top:35.9019em;\"><span class=\"stl_268 stl_20 stl_280\">271 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7132em;top:35.9019em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">27</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3819em;top:35.9019em;\"><span class=\"stl_268 stl_20 stl_133\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5244em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_455\">,79</span><span class=\"stl_257 stl_16 stl_455\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3375em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_294\">66) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.085em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7357em;top:10.2094em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0345em;\">Credit risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:11.0482em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Bavarian Nordic\u2019s customers are predominantly public \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:11.8813em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">authorities and renowned wholesalers and therefore \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:12.7144em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">the credit risk is very low. There are overdue receiv- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:13.5475em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">ables as of December 31, 2022 DKK 40 million (DKK 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:14.3807em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">million). As of December 31, 2022 a loss allowance of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:15.2138em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">DKK 870 thousand (DKK 166 thousand) has been recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:16.0469em;\"><span class=\"stl_255 stl_20 stl_109\">nized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:17.7138em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Group has applied the simplified approach to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:18.5469em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">measure the expected credit loss and a lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:19.38em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">expected loss allowance for all trade receivables.The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:20.2132em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">allowance is an estimate based on shared credit risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:21.0463em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">characteristics and the days past due. At the time of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:21.8794em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">revenue recognition, Bavarian Nordic assesses the full \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:22.7125em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">lifetime expected credit losses. In addition, undue and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:23.5457em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">due receivables are analyzed in an ongoing process. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:24.3788em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Based on the credit assessment, receivables analysis, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:25.2119em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">historical experience and industry experience, it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:26.045em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">estimated whether the receivables are recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:26.8782em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">or write-downs are needed. Bavarian Nordic monitor \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:27.7113em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the credit exposure on all customers, both new and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:28.5444em;\"><span class=\"stl_255 stl_20 stl_60\">existing. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7357em;top:30.2113em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Bavarian Nordic recognizes a loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:31.0444em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">expected credit losses and writes off trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:31.8775em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">when there is information indicating that the debtor \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:32.7107em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">is in severe financial difficulty and there is no realistic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:33.5438em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">prospect of recovery.</span></div><div class=\"stl_01\" style=\"left:44.716em;top:33.5438em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">Subsequent recovery of amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:34.3769em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">previously written down is credited against sales and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:35.21em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">distribution costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7438em;top:10.21em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">The payment conditions for the customers, including \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:11.0432em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">credit periods and any payment of interest in case of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:11.8763em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">non-payment, vary, but are always based on industry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:12.7094em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">practice in the relevant market. The weighted average \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:13.5425em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">credit period is approximately 60 days for the sales of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:14.3757em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">Encepur and Rabipur/RabAvert. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:16.0425em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">The table details the risk profile for trade receivables. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:17.9779em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.0247em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.8578em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0348em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.6909em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">equal to the nominal value, net of impairment based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5241em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">on expected credit losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1909em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Write-downs are calculated using the \u2018full lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0241em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">expected credit losses\u2019 method, whereby the likelihood \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8572em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">of non-fulfilment throughout the lifetime of the finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6903em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">cial instrument is taken into consideration. A provision \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5234em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">account is used for this purpose. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_294\" style=\"word-spacing:0.006em;\">Note 20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_431\" style=\"word-spacing:0.0064em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_345\">Deposits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1088em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_329\">086 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8932em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_110\">778 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0226em;\">Receivable VAT and duties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3832em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.575em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_465\">55</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_76\">973 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">Derivative financial instruments at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8025em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_305\">31</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_130\">894 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4088em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Interest receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_338\">11</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_563\">369 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5894em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_280\">353 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6219em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_74\">4</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_247\">,349 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4419em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_45\">7</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.6163em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Classified as: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">Non-current assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1094em;top:18.6438em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_329\">086 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8938em;top:18.6438em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_110\">778 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">Current assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7932em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_325\">43</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_151\">263 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5825em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_76\">66</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_270\">517 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.6819em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6219em;top:20.6819em;\"><span class=\"stl_261 stl_16 stl_74\">4</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_247\">,349 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4419em;top:20.6819em;\"><span class=\"stl_261 stl_16 stl_45\">7</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:22.5578em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.6046em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.4377em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0349em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.2708em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">equal to the nominal value, net of impairment, to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.1039em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">counter the loss after an individual assessment of risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.9371em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">of loss. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_125\" style=\"word-spacing:0.0005em;\">Note 21 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_419\">Prepayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Prepayments to CMO's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.5027em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_296\">351</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_298\">322 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.292em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_337\">135</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">750 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Other prepayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8983em;top:12.9307em;z-index:716;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6352em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.9469em;\"><span class=\"stl_261 stl_16 stl_409\">Prepayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3345em;top:13.9469em;\"><span class=\"stl_261 stl_16 stl_280\">36</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_125\">,47</span><span class=\"stl_257 stl_16 stl_125\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.1433em;top:13.9469em;z-index:750;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_340\">47,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5725em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Classified as: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">Non-current assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.5289em;top:16.6em;z-index:789;\"><span class=\"stl_268 stl_20 stl_314\">207</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_288\">537 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5564em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_246\">38</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_246\">385 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Current assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.5064em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_561\">153</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_133\">934 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2252em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_333\">840 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_409\">Prepayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3352em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_280\">36</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_125\">,47</span><span class=\"stl_257 stl_16 stl_125\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.1439em;top:18.6382em;z-index:855;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_340\">47,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7408em;top:20.2532em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Scale-up activities to prepare for future production of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:21.0863em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">drug substance for commercial launch of ABNCoV2 is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:21.9194em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">taking place at the CMO who also produced the Phase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:22.7526em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">3 clincial trial materials. Costs related to the scale-up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:23.5857em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">activities are recognized as prepayments and will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:24.4188em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">recognized as inventory in concurrence with future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:25.2519em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">purchase of products from the CMO. As per December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:26.085em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">31, 2022 DKK 192.6 million (DKK 21.8 million) has been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:26.9182em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">recognized as non-current prepayments. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:28.585em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0359em;\">As part of the scale-up activity future commercial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:29.4182em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">batches have been produced. Since the ABNCoV2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:30.2513em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0253em;\">product is not yet approved the costs for this produc- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:31.0844em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">tion, DKK 131.7 million, have been recognized as current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:31.9175em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">prepayments. Will be reclassified to inventory once \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:32.7507em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">product approval is obtained. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:34.4176em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Part of the technology transfer of the production and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:35.2507em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">packaging activities for Encepur and Rabipur/RabAvert \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:36.0838em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">takes place at CMO's (filing of Encepur, labelling and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:36.9169em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">packing). Costs related to the technology transfer activ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:37.75em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">ities are recognized as prepayments when costs incur \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7489em;top:20.25em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">and then recognized as inventory in concurrence with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:21.0832em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">purchase of production services from the CMO's. As per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:21.9163em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">December 31, 2022 DKK 14.9 million (DKK 16.6 million) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:22.7494em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">has been recognized as non-current prepayments. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:24.6802em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.727em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Prepayments recognized under assets include costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5601em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">paid in respect of subsequent financial years, including \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3933em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">project costs incurred that relate to revenue of subse- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.2264em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">quent years. Prepayments are measured at cost. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_364\" style=\"word-spacing:-0.0055em;\">Note 22 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_385\" style=\"word-spacing:-0.0021em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">Financial instruments at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1113em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9257em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_291\">351 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9063em;top:12.9307em;z-index:156;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_564\">102 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5957em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_564\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Payable salaries, holiday accrual etc. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.53em;top:13.9525em;z-index:211;\"><span class=\"stl_268 stl_20 stl_606\">107</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_271\">952 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5525em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_294\">491 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">Gross to net deduction accrual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8382em;top:14.9744em;z-index:257;\"><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_298\">679 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6857em;top:14.9744em;z-index:265;\"><span class=\"stl_268 stl_20 stl_549\">37</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_324\">134 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Other accrued costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7975em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_639\">319 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.645em;top:15.9963em;z-index:300;\"><span class=\"stl_268 stl_20 stl_280\">20</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_276\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.0182em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0237em;\">Payable VAT and duties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8294em;top:17.0182em;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">215 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1638em;top:17.0182em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.0344em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0384em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3332em;top:18.0344em;\"><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_640\">57,569 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0907em;top:18.0344em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_364\">,994 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:20.1219em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">For a further description of financial instruments see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.9551em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">note 23. The phantom share programs are described in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.7882em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0188em;\">note 30. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:19.9101em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:20.9569em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Derivative financial instruments and liability relating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.79em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">to phantom shares are measured at fair value. For \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.6231em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">further details regarding measurement of fair value for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.4563em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">phantom shares see note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.1231em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">Other financial liabilities are measured at initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.9563em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">recognition at fair value less any transaction costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.7894em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Subsequent other financial liabilities are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.6225em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">amortized cost using the effective interest method, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.4556em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">whereby the difference between proceeds and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.2888em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">nominal value is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.1219em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">as a financial expense over the period. Amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.955em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">usually equal to the nominal value. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 23 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_429\" style=\"word-spacing:-0.0006em;\">Financial risks and financial instruments \u00a0</span></div><div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8563em;\"><span class=\"stl_261 stl_16 stl_256\" style=\"word-spacing:-0.0362em;\">Categories of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.7657em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.53em;top:12.7657em;z-index:196;\"><span class=\"stl_268 stl_20 stl_124\">523</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_273\">145 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2638em;top:12.7657em;\"><span class=\"stl_268 stl_20 stl_52\">381</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_465\">624 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.6694em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8125em;top:13.6694em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_325\">455 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6419em;top:13.6694em;z-index:238;\"><span class=\"stl_268 stl_20 stl_564\">71</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_378\">104 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:14.5732em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Cash and cash equivalents \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4582em;top:14.5732em;\"><span class=\"stl_268 stl_20 stl_280\">575</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_238\">407 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2557em;top:14.5732em;\"><span class=\"stl_268 stl_20 stl_303\">591</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_298\">820 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.4713em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8532em;top:15.4713em;z-index:325;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_338\">11</span><span class=\"stl_261 stl_16 stl_378\">5,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:1.175em;\">7 </span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_122\">44,54</span><span class=\"stl_257 stl_16 stl_122\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.8663em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0194em;top:16.8663em;z-index:354;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_310\">184</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_110\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7682em;top:16.8663em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_158\">626</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_292\">261 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:17.77em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Transferred securities that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9907em;top:17.77em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_134\">084</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2188em;top:17.77em;\"><span class=\"stl_268 stl_20 stl_168\">498</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_238\">534 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:18.6738em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:19.5069em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">(repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:19.5069em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4069em;top:19.5069em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:20.405em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.805em;top:20.405em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.585em;top:20.405em;z-index:615;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_150\">4,9</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_329\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:21.8em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">Derivative financial instruments to hedge future cash flows (exchange rate) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.795em;top:21.8em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:21.8em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.7038em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Derivative financial instruments to hedge future cash flows (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1257em;top:22.7038em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:22.7038em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0382em;\">Financial assets used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.66em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1538em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:24.9969em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9938em;top:24.9969em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_548\">612</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_242\">093 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8225em;top:24.9969em;z-index:870;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_432\">146</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_294\">757 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:25.9007em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Debt to credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8069em;top:25.9007em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2569em;top:25.9007em;\"><span class=\"stl_268 stl_20 stl_26\">393</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:26.8044em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0682em;top:26.8044em;z-index:961;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2038em;top:26.8044em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:27.7082em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4325em;top:27.7082em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2857em;top:27.7082em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:28.6119em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8125em;top:28.6119em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5794em;top:28.6119em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:29.5157em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4594em;top:29.5157em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2957em;top:29.5157em;\"><span class=\"stl_268 stl_20 stl_342\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_545\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:30.4194em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5075em;top:30.4194em;z-index:1118;\"><span class=\"stl_268 stl_20 stl_234\">238</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">165 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2532em;top:30.4194em;\"><span class=\"stl_268 stl_20 stl_156\">125</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_323\">726 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:31.3175em;\"><span class=\"stl_261 stl_16 stl_345\" style=\"word-spacing:-0.0352em;\">Financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8038em;top:31.3175em;\"><span class=\"stl_261 stl_16 stl_150\">5,</span><span class=\"stl_257 stl_16 stl_292\">21</span><span class=\"stl_261 stl_16 stl_300\">5,5</span><span class=\"stl_257 stl_16 stl_292\" style=\"word-spacing:1.203em;\">18 </span><span class=\"stl_261 stl_16 stl_101\">4,66</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_127\">,6</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_326\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:32.7125em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:33.5457em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">(repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.11em;top:33.5457em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:33.5457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:34.4494em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.905em;top:34.4494em;z-index:1338;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_564\">102 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5944em;top:34.4494em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_564\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:35.3475em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6682em;top:35.3475em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4575em;top:35.3475em;\"><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_285\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:36.7425em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">Derivative financial instruments to hedge future cash flows (exchange rate) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3813em;top:36.7425em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3594em;top:36.7425em;\"><span class=\"stl_268 stl_20 stl_346\">646 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:37.6463em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Derivative financial instruments to hedge future cash flows (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3807em;top:37.6463em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3894em;top:37.6463em;\"><span class=\"stl_268 stl_20 stl_566\">705 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:38.5444em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0385em;\">Financial liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3732em;top:38.5444em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8em;top:38.5444em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_158\">1 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5574em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">On initial recognition, derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">are measured at the fair value on the settlement date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Directly attributable costs related to the purchase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">or issuance of the individual financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">(transaction costs) are added to the fair value on initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5618em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">recognition, unless the financial asset or the financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3949em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">liability is measured at fair value with recognition of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.228em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">fair value adjustments in the income statement. Subse- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0612em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0263em;\">quently, they are measured at fair value at the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8943em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">sheet date based on the official exchange rates, market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7274em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">interest rates and other market data such as volatility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5605em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">adjusted for the special characteristics of each instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3937em;\"><span class=\"stl_255 stl_20 stl_409\">ment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0605em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Changes in the fair value of derivative financial instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8937em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">ments designated as and qualifying for recognition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7268em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">as effective hedges of future transactions (cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5599em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0262em;\">hedges) are recognized as comprehensive income. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.393em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">The ineffective portion is recognized immediately in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2262em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">the income statement. When the hedged transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0593em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">are realized, cumulative changes are recognized in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8924em;z-index:2782;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0333em;\">income statement together with the hedged transa</span><span class=\"stl_255 stl_20 stl_283\">c</span><span class=\"stl_255 stl_20 stl_283\">- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.7255em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">tion or in respect of a non-financial item as part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5587em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">cost of the transactions in question. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.2255em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">For derivative financial instruments that do not qualify \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.0587em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">for hedge accounting, changes in fair value are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8918em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">nized as financials in the income statement as they \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.7249em;\"><span class=\"stl_255 stl_20 stl_415\">occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3918em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Company has designated certain derivative finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.2249em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">cial instruments as cash flow hedges as defined under \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.558em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">IFRS 9 \"Financial Instruments\". Hedge accounting is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.3912em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">classified as a cash flow hedge when the hedges of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">a particular risk is associated with the cash flows of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.0574em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">highly probable forecast transactions. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:15.7187em;\"><span class=\"stl_261 stl_16 stl_407\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.5574em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Securities consist of listed bonds, which are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.3905em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">at fair value on initial recognition and as of the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.2237em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">sheet date. The Group\u2019s portfolio of securities is treated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.0568em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">as \"financial items at fair value through profit or loss\", \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.8899em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0344em;\">as the portfolio is accounted for and valued on the basis \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.723em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">of the fair value in compliance with the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.5562em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">investment policy. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.223em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Both realized and unrealized value adjustments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.0562em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">recognized in the income statement under financials. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:25.7174em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.0401em;\">Policy for managing financial risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.5562em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Through its operations, investments and financing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.3893em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Group is exposed to fluctuations in exchange rates and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.2224em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">interest rates. These risks are managed centrally in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.0555em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">Parent Company, which manages the Group\u00b4s liquidity. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.8887em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Group pursues a treasury policy approved by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.7218em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Board of Directors. The policy operates with a low risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.5549em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">profile, so that exchange rate risks, interest rate risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:32.388em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">and credit risks arise only in commercial relations. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:33.2212em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Group therefore does not undertake any active specula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:34.0543em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">tion in financial risk. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:35.7212em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">The Group\u00b4s capital structure is regularly assessed by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:36.5543em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">the Board of Directors relative to the Group\u00b4s cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:37.3874em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">position and cash flow budgets. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:11.5802em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">Market risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.419em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">The pharmaceutical market is characterized by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">aim of authorities to reduce or cap healthcare costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">in general. Market changes such as price reductions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">and launch of competing generic products may have a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">considerable impact on the earnings potential of phar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">maceuticals. As a pharmaceutical production company \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.4177em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0357em;\">Bavarian Nordic will be exposed to risks from instability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.2508em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">in the supply chain, where lack of, or delays in, certain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.084em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">materials may impact the companys ability to deliver \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.9171em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">and hence the companys profitability. The Company is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.7502em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">highly dependent on a stable IT environment and risks, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.5833em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0374em;\">incl. cyberattacks, may impact the profibaility of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.4165em;\"><span class=\"stl_255 stl_20 stl_420\">Company. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:24.0777em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0285em;\">Interest rate risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.9165em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">It is the Group's policy to hedge interest rate risks on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.7496em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">loans whenever it is deemed that interest payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.5827em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">can be hedged at a satisfactory level relative to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.4158em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">related costs. Hedging will then consist of interest rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.249em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">swaps that convert floating rate loans to fixed rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.0821em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">loans. Management determines the economic relation- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.9152em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">ship between the hedged item and the hedging instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.7483em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">ment to ensure a high hedge effectiveness. The interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.5815em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">rate risk involved in placing cash funds and investing in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.4146em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">securities is managed on the basis of duration. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:34.0758em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Exchange rate risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.9146em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">The Group\u2019s exchange rate exposure is primarily to USD \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.7477em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">and EUR. The exchange rate exposure to USD is hedged \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.5808em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">to the greatest possible extent by matching incoming \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:37.414em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">and outgoing payments denominated in USD, looking \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7271em;top:11.5808em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">at maximum one year ahead. Regular assessments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:12.414em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">made of whether the remaining net position should \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:13.2471em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.037em;\">be hedged by currency forward contracts or currency \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:14.0802em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.035em;\">option contracts. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:15.7471em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">The exposure to EUR is not hedged as management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:16.5802em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">believes that fluctuations in EUR are limited due to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:17.4133em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">the Danish fixed-rate policy which is expected to be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:18.2465em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">maintained. Thus the fluctuations in EUR do not have a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:19.0796em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">significant impact on financial performance. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:20.7465em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">The table shows the net effect it would have had on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:21.5796em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">equity and profit for the year if the year-end exchange \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:22.4127em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">rates of USD, EUR and CHF had been 15%, 1% or 5%, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:23.2458em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">respectively, higher than the actual exchange rates. A \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:24.079em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">corresponding decrease in the actual exchange rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:24.9121em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">would have had an opposite (positive/negative) effect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:25.7452em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">on net result and equity. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.5101em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.0359em;\">Exchange rate risks on recognized financial assets and liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.3158em;top:11.6501em;\"><span class=\"stl_261 stl_16 stl_344\">Cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.1045em;top:12.4001em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">and cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.0189em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_510\">equivalents, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.3877em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_329\">Net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.9058em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.8502em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:0.9856em;\">securities Receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.332em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_474\">Liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.0345em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_140\">position \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5845em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.612em;\"><span class=\"stl_255 stl_20 stl_344\">EUR \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.4889em;top:16.612em;\"><span class=\"stl_268 stl_20 stl_425\">294</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_378\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.8445em;top:16.612em;z-index:2504;\"><span class=\"stl_268 stl_20 stl_402\">355</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_313\">193 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.3564em;top:16.612em;z-index:2512;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_52\">156</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_455\">284</span><span class=\"stl_255 stl_20 stl_455\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.4995em;top:16.612em;\"><span class=\"stl_255 stl_20 stl_133\">(</span><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_234\">506</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_326\">884</span><span class=\"stl_255 stl_20 stl_326\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.6339em;\"><span class=\"stl_255 stl_20 stl_72\">USD \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.5627em;top:17.6339em;z-index:2540;\"><span class=\"stl_268 stl_20 stl_295\">237</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_282\">026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.7308em;top:17.6339em;\"><span class=\"stl_268 stl_20 stl_151\">148</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">254 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.807em;top:17.6339em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_52\">156</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_168\">497</span><span class=\"stl_255 stl_20 stl_168\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2452em;top:17.6339em;\"><span class=\"stl_268 stl_20 stl_247\">228</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_271\">783 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6558em;\"><span class=\"stl_255 stl_20 stl_466\">CHF \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.2302em;top:18.6558em;z-index:2578;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">175 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.4183em;top:18.6558em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_278\">692 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1802em;top:18.6558em;z-index:2594;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_571\">39</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_71\">532</span><span class=\"stl_255 stl_20 stl_71\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.352em;top:18.6558em;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_238\">665</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:20.2758em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:21.3033em;\"><span class=\"stl_255 stl_20 stl_344\">EUR \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.6208em;top:21.3033em;z-index:2619;\"><span class=\"stl_268 stl_20 stl_576\">107</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_288\">199 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.7758em;top:21.3033em;\"><span class=\"stl_268 stl_20 stl_337\">193</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_563\">837 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.3402em;top:21.3033em;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_630\">416</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_176\">438</span><span class=\"stl_255 stl_20 stl_176\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6758em;top:21.3033em;z-index:2648;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_285\">115</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_45\">402</span><span class=\"stl_255 stl_20 stl_45\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:22.3251em;\"><span class=\"stl_255 stl_20 stl_72\">USD \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.797em;top:22.3251em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">481 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.7483em;top:22.3251em;\"><span class=\"stl_268 stl_20 stl_227\">205</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_298\">224 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.8789em;top:22.3251em;z-index:2682;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_643\">319</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_623\">201</span><span class=\"stl_255 stl_20 stl_623\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4045em;top:22.3251em;\"><span class=\"stl_255 stl_20 stl_338\">(</span><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_294\">496</span><span class=\"stl_255 stl_20 stl_294\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:23.347em;\"><span class=\"stl_255 stl_20 stl_466\">CHF \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.172em;top:23.347em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_292\">216 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.4327em;top:23.347em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_324\">471 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1195em;top:23.347em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_65\">28</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_26\">375</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3677em;top:23.347em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_130\">688</span><span class=\"stl_255 stl_20 stl_130\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:25.5701em;\"><span class=\"stl_261 stl_16 stl_345\" style=\"word-spacing:-0.0351em;\">Sensitivity analysis on exchange rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.1508em;top:26.7101em;\"><span class=\"stl_261 stl_16 stl_356\" style=\"word-spacing:-0.034em;\">Likely change</span></div><div class=\"stl_01\" style=\"left:66.704em;top:26.7101em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:0.6074em;\">Hypothetical Hypothetical \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.3808em;top:27.4601em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">in exchange \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.3252em;top:27.4601em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0383em;\">change in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.577em;top:27.4601em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0383em;\">change in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7283em;top:28.2101em;\"><span class=\"stl_261 stl_16 stl_32\">rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.2733em;top:28.2101em;\"><span class=\"stl_261 stl_16 stl_553\">equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6095em;top:28.2101em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">net result \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:28.2158em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8945em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.922em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Change if higher USD-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7214em;top:30.922em;\"><span class=\"stl_268 stl_20 stl_273\">15</span><span class=\"stl_255 stl_20 stl_273\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3339em;top:30.922em;\"><span class=\"stl_268 stl_20 stl_278\">75</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_100\">638 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5758em;top:30.922em;\"><span class=\"stl_268 stl_20 stl_250\">56</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_238\">962 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.9439em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Change if higher EUR-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.0489em;top:31.9439em;\"><span class=\"stl_268 stl_20 stl_585\">1</span><span class=\"stl_255 stl_20 stl_585\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.0902em;top:31.9439em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_274\">207</span><span class=\"stl_255 stl_20 stl_274\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4314em;top:31.9439em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_285\">911</span><span class=\"stl_255 stl_20 stl_285\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.9658em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Change if higher CHF-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.032em;top:32.9658em;\"><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.9608em;top:32.9658em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_280\">583</span><span class=\"stl_255 stl_20 stl_280\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.7264em;top:32.9658em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_130\">004</span><span class=\"stl_255 stl_20 stl_130\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.5858em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6133em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Change if higher USD-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7214em;top:35.6133em;\"><span class=\"stl_268 stl_20 stl_273\">15</span><span class=\"stl_255 stl_20 stl_273\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3314em;top:35.6133em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">724 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6252em;top:35.6133em;\"><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_324\">921 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:36.6351em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Change if higher EUR-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.0496em;top:36.6351em;\"><span class=\"stl_268 stl_20 stl_585\">1</span><span class=\"stl_255 stl_20 stl_585\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1183em;top:36.6351em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_65\">28</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_43\">638</span><span class=\"stl_255 stl_20 stl_43\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4464em;top:36.6351em;z-index:3156;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_11\">165</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.657em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Change if higher CHF-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.0321em;top:37.657em;\"><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1608em;top:37.657em;\"><span class=\"stl_268 stl_20 stl_325\">140 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.1921em;top:37.657em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_151\">235</span><span class=\"stl_255 stl_20 stl_151\">) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 23 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_429\" style=\"word-spacing:-0.0006em;\">Financial risks and financial instruments </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:11.5802em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Derivative financial instruments not designated as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.4133em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">hedge accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">Currency forward contracts and currency option \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">contracts which are not designated as hedge \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">accounting are classified as financial assets/liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">measured at fair value with value adjustments recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">nized through the income statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.2515em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">There were no open currency contracts as of December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.0846em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">31, 2022 or as per December 31, 2021 not designated as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.9177em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">hedge accounting. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:21.579em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0355em;\">Hedging of expected future cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.4177em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">The Company has concluded currency forward contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.2508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">of USD 75 million to hedge net cash position during \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.084em;\"><span class=\"stl_255 stl_20 stl_201\">2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.7508em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">In 2016 the Company refinanced the old mortgage loans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.584em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">(fixed rate) and obtained a new mortgage loan with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.4171em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">floating rate. The Company also concluded an interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.2502em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">rate swap to convert the floating rate loan to a fixed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.0833em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">rate loan. The interest rate swap has the same maturity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.9165em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">date and nominal amount as the mortgage loan to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.7496em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">secure high effectiveness of the hedge. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7323em;top:10.5101em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.0361em;\">Cash flow hedge \u2013 forward currency contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5754em;top:11.6501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0773em;top:12.4001em;\"><span class=\"stl_261 stl_16 stl_454\">Contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.0579em;top:12.4001em;\"><span class=\"stl_261 stl_16 stl_506\">adjustment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.2192em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_102\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6148em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.5136em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0306em;\">recognized in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.8435em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.0473em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:49.260em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">other compre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:14.6558em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5673em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_345\" style=\"word-spacing:-0.0352em;\">Forward price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8198em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0302em;\">agreed rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.6542em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.606em;\">1 </span><span class=\"stl_261 stl_16 stl_95\" style=\"word-spacing:-0.0338em;\">hensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:16.3345em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:17.362em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Forward currency contracts (USD/DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.5854em;top:17.362em;z-index:1589;\"><span class=\"stl_268 stl_20 stl_644\">7</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_285\" style=\"word-spacing:0.086em;\">19 </span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">- </span><span class=\"stl_268 stl_20 stl_644\">7</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_130\">29 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0779em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_18\">543</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_242\">454 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3848em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.3454em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_277\">671 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2467em;top:18.3783em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_277\">02</span><span class=\"stl_261 stl_16 stl_277\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2067em;top:18.3783em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_294\">,67</span><span class=\"stl_257 stl_16 stl_294\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:20.0039em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Forward currency contracts (USD/DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7848em;top:21.0314em;z-index:1671;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_307\">538 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9879em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9486em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9048em;top:22.0476em;\"><span class=\"stl_261 stl_16 stl_418\">(646) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8654em;top:22.0476em;\"><span class=\"stl_261 stl_16 stl_418\">(646) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:24.2764em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0305em;\">Cash flow hedge \u2013 interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5736em;top:25.4164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0754em;top:26.1664em;\"><span class=\"stl_261 stl_16 stl_454\">Contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.0561em;top:26.1664em;\"><span class=\"stl_261 stl_16 stl_506\">adjustment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.2173em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_102\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6129em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.5117em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0306em;\">recognized in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.8417em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.0454em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:49.258em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">other compre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:28.422em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8179em;top:28.4164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0302em;\">agreed rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.6523em;top:28.4164em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.606em;\">1 </span><span class=\"stl_261 stl_16 stl_95\" style=\"word-spacing:-0.0338em;\">hensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:30.1008em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:31.1226em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0283em;\">Interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:32.1501em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">DKK \u2013 fixed rate </span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_48\">.</span><span class=\"stl_268 stl_20 stl_307\">9625</span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">% p.a. (expiry </span><span class=\"stl_268 stl_20 stl_286\">2031</span><span class=\"stl_255 stl_20 stl_286\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5429em;top:32.1501em;z-index:1914;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_273\">192 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.7136em;top:32.1501em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6936em;top:32.1501em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_285\">574 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5917em;top:33.1664em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_303\">69 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5729em;top:33.1664em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_12\">,574 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:34.792em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:35.8139em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0283em;\">Interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:36.8414em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">DKK \u2013 fixed rate </span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_48\">.</span><span class=\"stl_268 stl_20 stl_307\">9625</span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">% p.a. (expiry </span><span class=\"stl_268 stl_20 stl_286\">2031</span><span class=\"stl_255 stl_20 stl_286\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.4473em;top:36.8414em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9861em;top:36.8414em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.1511em;top:36.8414em;\"><span class=\"stl_268 stl_20 stl_65\">709 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9011em;top:37.8576em;\"><span class=\"stl_261 stl_16 stl_566\">(7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_303\">5) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.0879em;top:37.8576em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">9 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7377em;top:10.4458em;\"><span class=\"stl_261 stl_16 stl_462\" style=\"word-spacing:-0.0434em;\">Cash risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:11.2846em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">The Group\u00b4s bank deposits are placed in deposit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:12.1177em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">accounts without restrictions. The Group's cash and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:12.9508em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">cash equivalents totaled DKK 575.4 million as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:13.784em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">December 31, 2022 (DKK 591.8 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:15.4508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">The Group's fixed rate bond portfolio expires as shown \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:16.284em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">below. Amounts are stated excluding interest. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 23 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_429\" style=\"word-spacing:-0.0006em;\">Financial risks and financial instruments </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:21.029em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.209em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.9065em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0296em;\">Fair value as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.7003em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_217\" style=\"word-spacing:1.0723em;\">Effective Fair</span></div><div class=\"stl_01\" style=\"left:28.280em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0353em;\">value as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8709em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_297\">Effective \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:12.2289em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.4903em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.9672em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_201\">interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6609em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0257em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0257em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1378em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_201\">interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:13.9077em;\"><span class=\"stl_261 stl_16 stl_138\" style=\"word-spacing:-0.0427em;\">Bond portfolio \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:14.9352em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Within </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">2 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.6309em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_168\">226</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_133\">652 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8853em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_282\">3</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_26\">4</span><span class=\"stl_255 stl_20 stl_26\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.8047em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">201</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_233\">688 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8134em;top:14.9352em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_127\">.</span><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:15.957em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Within </span><span class=\"stl_268 stl_20 stl_18\">3</span><span class=\"stl_255 stl_20 stl_150\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">5 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.1022em;top:15.957em;\"><span class=\"stl_268 stl_20 stl_300\">492</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_76\">898 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8728em;top:15.957em;\"><span class=\"stl_268 stl_20 stl_282\">3</span><span class=\"stl_255 stl_20 stl_127\">.</span><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.8859em;top:15.957em;z-index:273;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_636\">118</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_134\">304 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8934em;top:15.957em;z-index:284;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_585\">1</span><span class=\"stl_255 stl_20 stl_585\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:16.9789em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">After </span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">5 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.109em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_47\">550</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8859em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_71\">.</span><span class=\"stl_268 stl_20 stl_150\">7</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.2584em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_32\">804</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_65\">803 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.059em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_329\">0</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:17.9952em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.4553em;top:17.9952em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_646\">69,75</span><span class=\"stl_257 stl_16 stl_646\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7615em;top:17.9952em;\"><span class=\"stl_261 stl_16 stl_212\">3.5% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.654em;top:17.9952em;z-index:342;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_308\">4,795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.934em;top:17.9952em;\"><span class=\"stl_257 stl_16 stl_151\">0</span><span class=\"stl_261 stl_16 stl_151\">.</span><span class=\"stl_257 stl_16 stl_91\">0</span><span class=\"stl_261 stl_16 stl_91\">% \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7234em;top:19.6102em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Fluctuations in interest rate levels affect the Group's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:20.4433em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">bond portfolio. An change in the interest rate level by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:21.2764em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0235em;\">1 percentage point relative to the interest rate level on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:22.1095em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">the balance sheet date would have had an impact of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:22.9427em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">DKK 73.3 million on the Group\u00b4s net result and equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:23.7758em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0203em;\">(DKK 46.9 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 23 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_429\" style=\"word-spacing:-0.0006em;\">Financial risks and financial instruments </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Maturity of financial liabilities (including interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.6982em;top:11.1189em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0457em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.075em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9594em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.0739em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4175em;top:13.0683em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\" style=\"word-spacing:1.1127em;\">year </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">and 5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5769em;top:13.0683em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9713em;top:13.0683em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.7583em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0315em;\">Deferred consideration </span><sup style=\"top: -0.208em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0825em;top:14.7584em;z-index:296;\"><span class=\"stl_268 stl_20 stl_596\">297</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_333\">460 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3406em;top:14.7584em;z-index:307;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_85\">506</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4388em;top:14.7584em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7494em;top:14.7584em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_445\">803</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_301\">561 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.7803em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6656em;top:15.7803em;z-index:347;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1456em;top:15.7803em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_278\">355 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1988em;top:15.7803em;z-index:366;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_130\">423 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8313em;top:15.7803em;z-index:373;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_514\">122</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_277\">781 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:16.8021em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0326em;\">Prepayment and loan from Government </span><sup style=\"top: -0.2077em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9897em;top:16.8026em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8797em;top:16.8026em;z-index:427;\"><span class=\"stl_268 stl_20 stl_338\">519</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">932 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8516em;top:16.8026em;\"><span class=\"stl_268 stl_20 stl_303\">70</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_18\">503 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2429em;top:16.8026em;\"><span class=\"stl_268 stl_20 stl_125\">590</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_48\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:17.8245em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.3879em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1129em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">834 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:17.8245em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5941em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0679em;top:18.8464em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7154em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4397em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.241em;top:18.8464em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0747em;top:19.8682em;\"><span class=\"stl_268 stl_20 stl_259\">265</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">775 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2479em;top:19.8682em;\"><span class=\"stl_268 stl_20 stl_259\">265</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">775 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.038em;\">Non-derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.3422em;top:20.8845em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_209\">96,653 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0654em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_378\">3,</span><span class=\"stl_257 stl_16 stl_130\">082</span><span class=\"stl_261 stl_16 stl_76\">,</span><span class=\"stl_257 stl_16 stl_134\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.7535em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_564\">79,9</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_158\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5122em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_172\">801 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7079em;top:22.877em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0466em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.076em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9604em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:24.832em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4185em;top:24.8264em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\" style=\"word-spacing:1.1127em;\">year </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">and 5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5779em;top:24.8264em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9722em;top:24.8264em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:26.5164em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0323em;\">Deferred consideration </span><sup style=\"top: -0.2067em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0915em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_300\">594</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">912 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2777em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_445\">803</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">523 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4384em;top:26.5178em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7446em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_307\">398</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_280\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:27.5396em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0784em;top:27.5396em;z-index:781;\"><span class=\"stl_268 stl_20 stl_75\">88</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_332\">689 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5365em;top:27.5396em;z-index:786;\"><span class=\"stl_268 stl_20 stl_567\">9</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_563\">106 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.839em;top:27.5396em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_74\">409 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2615em;top:27.5396em;z-index:799;\"><span class=\"stl_268 stl_20 stl_647\">907</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_326\">204 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:28.5615em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0323em;\">Prepayment and loan from Government </span><sup style=\"top: -0.2076em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9897em;top:28.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.846em;top:28.562em;z-index:845;\"><span class=\"stl_268 stl_20 stl_445\">164</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_563\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4385em;top:28.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2947em;top:28.562em;z-index:853;\"><span class=\"stl_268 stl_20 stl_445\">164</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_563\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7241em;top:29.5839em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4022em;top:29.5839em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">266 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1597em;top:29.5839em;z-index:882;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4385em;top:29.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.581em;top:29.5839em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.1241em;top:30.6057em;\"><span class=\"stl_268 stl_20 stl_288\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_648\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2972em;top:30.6057em;\"><span class=\"stl_268 stl_20 stl_288\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_648\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0954em;top:31.6276em;\"><span class=\"stl_268 stl_20 stl_408\">154</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_565\">032 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2685em;top:31.6276em;\"><span class=\"stl_268 stl_20 stl_408\">154</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_565\">032 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0385em;\">Non-derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.4285em;top:32.6439em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_282\">,9</span><span class=\"stl_257 stl_16 stl_564\">21</span><span class=\"stl_261 stl_16 stl_563\">,5</span><span class=\"stl_257 stl_16 stl_296\">10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0641em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_45\">0</span><span class=\"stl_261 stl_16 stl_81\">34,36</span><span class=\"stl_257 stl_16 stl_81\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.6947em;top:32.6439em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5147em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_247\">4,966,</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_294\">79 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">Derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.1547em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7072em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4316em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3279em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.7578em;\"><span class=\"stl_251 stl_20 stl_112\" style=\"word-spacing:-0.0438em;\">1) Further explained in note 24.</span></div><div class=\"stl_01\" style=\"left:12.016em;top:35.7578em;\"><span class=\"stl_251 stl_20 stl_525\" style=\"word-spacing:-0.0462em;\">2) Further explained in note 25. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">With respect to the Group\u00b4s debt to credit institutions, a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">change in the applicable interest rate by 1 percentage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">point would have had an impact on the Group's net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">result and equity of DKK 0.2 million (DKK 4.0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">The European Investment Bank loan obtained in 2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">was fully repaid in October 2022 (DKK 372.2 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8852em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">During 2022 the Company entered into further repo \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.7183em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">loan contracts (security lending) and increased the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.5514em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">position to DKK 1,104 million (DKK 500 million). Further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3845em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">described below. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0514em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Debt to credit institutions also include a mortgage loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.8845em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">of DKK 18.9 million (DKK 21.1 million), further described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7177em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0217em;\">in note 26. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.3845em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The Group has a credit facility of DKK 20 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.2177em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">20 million) at Nordea. As of December 31, 2022, DKK 0.2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0508em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">million (DKK 0.2 million) of the credit facility is utilized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.8839em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">for bank guarantees. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:28.5452em;\"><span class=\"stl_261 stl_16 stl_510\" style=\"word-spacing:-0.0389em;\">Credit risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.3839em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">The primary credit risk relates to trade receivables. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.217em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">The Company assesses the expected credit losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0502em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">also considering changes in the macro environment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.8833em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">that might impose an increased risk of losses. This is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.7164em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">compared to the previous model where indications \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.5495em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of credit losses were needed for the Company to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.3827em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">recognize an expected loss. The Group\u00b4s customers are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.2158em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">predominantly public authorities and renowned phar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.0489em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">maceutical companies and wholesalers, and the credit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.882em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0259em;\">risk on the Group's receivables is therefore considered \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.7152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">to be very low. A loss allowance of DKK 870 thou- \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7533em;top:10.2152em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">sand (DKK 166 thousand) has been recognized as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:11.0483em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0208em;\">December 31, 2022, cf. note 19. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:12.7152em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">To manage credit risk regarding financial counterpar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:13.5483em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ties, Bavarian Nordic only enters into derivative finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:14.3814em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">cial contracts and money market deposits with financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:15.2145em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">counterparties possessing a satisfactory long-term \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:16.0477em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">credit rating from at least two out of the three selected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:16.8808em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">ratings agencies: Standard and Poor\u2019s, Moody\u2019s and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:17.7139em;\"><span class=\"stl_255 stl_20 stl_91\">Fitch. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:19.3808em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">Cash and cash equivalents are not deemed to be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:20.2139em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">subject to any special credit risk as they are deposited \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:21.047em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">with Nordea. The bond portfolio is invested in either \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:21.8802em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">Danish government bonds, Danish mortgage bonds or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:22.7133em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">bonds issued by Danish banks with high ratings. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7533em;top:24.3745em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Optimization of capital structure \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:25.2133em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Management regularly assesses whether the Group\u00b4s \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:26.0464em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">capital structure best serves the interests of the Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:26.8795em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">and its shareholders. The overall goal is to ensure that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:27.7127em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.037em;\">the Group has a capital structure which supports its \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:28.5458em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">long-term strategy and growth target. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:30.207em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0315em;\">Transferred financial assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:31.0402em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:31.8789em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">In 2022 the Company entered into transactions that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:32.712em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">transfer ownership of securities to a counterparty, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:33.5452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">while the Company retains the risks associated with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:34.3783em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">the holding of the securities. As the Company retains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:35.2114em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">all risks, the securities remain in the balance sheet, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:36.0445em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the transactions are accounted for as loans received \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:36.8777em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">against collateral (repo transactions and security \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:37.7108em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">lending). The transactions involve selling the securities \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 23 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_429\" style=\"word-spacing:-0.0006em;\">Financial risks and financial instruments </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">to be repurchased at a fixed price at a later date. Coun- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">terparties are entitled to sell the securities or deposit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">them as collateral for loans. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7323em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0315em;\">Transferred financial assets that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:11.3739em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6723em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.351em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:12.9289em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0361em;\">Carrying amount of transferred securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4723em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_134\">084</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5823em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_168\">498</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_250\">534 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Carrying amount of associated liabilities (security lending) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.381em;top:13.8445em;z-index:1049;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_650\">661</span><span class=\"stl_255 stl_20 stl_650\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.381em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_313\">(</span><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_238\">000</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0349em;\">Net position \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9692em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_184\">18</span><span class=\"stl_261 stl_16 stl_296\">,745) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9223em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_343\">,466) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:16.5227em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Fair value hierarchy for financial instruments measured at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0173em;top:16.5227em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:17.7277em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3967em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0579em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3335em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8435em;top:19.2827em;z-index:1203;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8642em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1667em;top:19.2827em;z-index:1217;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7329em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.626em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8567em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9485em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2767em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9379em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6067em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.2679em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1942em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1411em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8023em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4111em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.0723em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2086em;top:25.7714em;z-index:1666;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8698em;top:25.7714em;z-index:1675;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9398em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6011em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0248em;top:28.4495em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:29.6545em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3954em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0567em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3323em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8767em;top:31.2095em;z-index:1805;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8623em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1998em;top:31.2095em;z-index:1815;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.1079em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7692em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:33.0352em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.6404em;top:33.0352em;z-index:1956;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_308\">4,795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.0404em;top:33.0352em;z-index:1968;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:1.142em;\">1 </span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_150\">4,9</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_329\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.3073em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9686em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2004em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0711em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7323em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1923em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9111em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5723em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7428em;top:10.2127em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0301em;\">Securities (level 1) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:11.0514em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">The portfolio of publicly traded government bonds, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:11.8845em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0376em;\">publicly traded mortgage bonds and bank bonds is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:12.7177em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">valued at listed prices and price quotas. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7428em;top:14.3789em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0341em;\">Derivative financial instruments (level 2) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">Currency forward contracts, currency option contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">and currency swap contracts are valued according to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">generally accepted valuation methods based on rele- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0354em;\">vant observable swap curves and exchange rates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Liability relating to phantom shares is determined using \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">the Black-Scholes. The valuation is based on observable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">share price, interest rates and volatility rates. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 23 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_429\" style=\"word-spacing:-0.0006em;\">Financial risks and financial instruments </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_26\" style=\"word-spacing:0.016em;\">Note 24 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_43\" style=\"word-spacing:0.0066em;\">Deferred consideration \u00a0</span></div><div class=\"stl_01\" style=\"left:19.0352em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.0295em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:12.7083em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Deferred consideration, product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.979em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2946em;top:13.7358em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_51\">020</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_100\">638 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7434em;top:13.7358em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_51\">020</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_100\">638 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.7577em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">Deferred consideration, license agreement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.094em;top:14.7577em;z-index:2992;\"><span class=\"stl_268 stl_20 stl_587\">287</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_274\">436 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7902em;top:14.7577em;\"><span class=\"stl_268 stl_20 stl_166\">304</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_249\">019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:14.7577em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2559em;top:14.7577em;\"><span class=\"stl_268 stl_20 stl_11\">591</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_325\">455 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7739em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.914em;top:15.7739em;\"><span class=\"stl_257 stl_16 stl_130\">28</span><span class=\"stl_261 stl_16 stl_402\">7,436 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0646em;top:15.7739em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_65\">4,657 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4202em;top:15.7739em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5346em;top:15.7739em;\"><span class=\"stl_257 stl_16 stl_127\">2</span><span class=\"stl_261 stl_16 stl_280\">,6</span><span class=\"stl_257 stl_16 stl_158\">12</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_09\">93 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:18.0027em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:19.0302em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Deferred consideration, product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0765em;top:19.0302em;z-index:3094;\"><span class=\"stl_268 stl_20 stl_134\">57</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_110\">667 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2777em;top:19.0302em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_85\">972</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">862 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:19.0302em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7234em;top:19.0302em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_47\">550</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_307\">529 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:20.052em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">Deferred consideration, license agreement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.979em;top:20.052em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7559em;top:20.052em;\"><span class=\"stl_268 stl_20 stl_150\">596</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">228 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:20.052em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2046em;top:20.052em;\"><span class=\"stl_268 stl_20 stl_150\">596</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">228 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:21.0683em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.9152em;top:21.0683em;\"><span class=\"stl_261 stl_16 stl_53\">577,667 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0746em;top:21.0683em;\"><span class=\"stl_257 stl_16 stl_127\">2</span><span class=\"stl_261 stl_16 stl_419\">,569,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_74\">9</span><span class=\"stl_257 stl_16 stl_74\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4202em;top:21.0683em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.599em;top:21.0683em;z-index:3205;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_275\">1</span><span class=\"stl_261 stl_16 stl_651\">46,757 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:22.6777em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0378em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.5164em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">The Asset Purchase Agreement with GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3495em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">includes milestone payments relating to transfer and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.1827em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">registration of marketing authorizations, technology \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.0158em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">transfer of different steps of the production and pack- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.8489em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">aging activities as well as a milestone payment when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.682em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">all services agreed to be rendered by GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.5152em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">has been completed. In total EUR 470 million. During \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.3483em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">2022 two milestone payments of a total of EUR 80 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.1814em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">million was paid. The payments are presented as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.0145em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">cash flow from investment activities in the cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.8477em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">statement. The majority of the remaining milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.6808em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">payments are expected to be payable in 2024. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.5139em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">completion milestone is expected to be payable begin- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.347em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">ning of 2025. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.0139em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">The Asset Purchase Agreement with GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.847em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.0361em;\">also includes a sales milestone of EUR 25 million. As per \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7221em;top:22.6802em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">December 31, 2022 Management does not judge the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:23.5133em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">sales milestone to be probable and therefore the sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:24.3464em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">milestone has not been recognized as either part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:25.1795em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0294em;\">product rights (note 15) nor the deferred consideration. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:26.8464em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The carrying amount are measured using a discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:27.6795em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">rate of 4% per annum. The discount rate was deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:28.5127em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">mined at intial recognition based on an interest rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:29.3458em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">on a similar loan of the same size and maturity as the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:30.1789em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">contingent milestone payments and the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:31.012em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0234em;\">credit rating as of December 31, 2019. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:32.6789em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">The fair value of the deferred consideration as per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:33.512em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">December 31, 2022 amounts to DKK 1,937 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:34.3452em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">2,564 million), measured using the updated discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:35.1783em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0199em;\">rate of 6.7% (3.7%). The discount rate has been deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:36.0114em;\"><span class=\"stl_255 stl_20 stl_412\" style=\"word-spacing:-0.038em;\">mined based on the same components as described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:36.8445em;\"><span class=\"stl_255 stl_20 stl_235\">above. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0327em;\">License agreement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">Under the terms of the license and collaboration agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">ment concluded with AdaptVac July 2020, the Company \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">is committed to payment of potential future develop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ment and sales milestones and tiered royalties. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">In December 2021, the Company announced positive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">topline results from the Phase 2 clinical trial. These \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">results was confirmed by the six-month follow-up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">analysis in October 2022, showing that the strong \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">booster responses are maintained after six months post \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">vaccination at levels associated with a high degree of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3833em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">efficacy. In September 2022, the Company initiated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.2164em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">the Phase 3 clinical trial. The read-out are expected in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0495em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">beginning of 2023. Based on the positive clinical results \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.8827em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Management assesses that the likelyhood of future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7158em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">regulatory approval of the Company's COVID-19 vaccine \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.5489em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">is high, hence milestone payments to AdaptVac are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.382em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">expected to become payable. Based on current regu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.2152em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">latory plans and expectations for future revenue from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0483em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.035em;\">sale of the COVID-vacine all sales milestones and part \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.8814em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">of the development milestones are assumed probable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.7145em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">and recognized as deferred consideration. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.3814em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The carrying amount are measured using a discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.2145em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">rate of 3.7% per annum. The discount rate has been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0477em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">determined at intial recognition based on an interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.8808em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">rate on a similar loan of the same size and maturity as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.7139em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">the contingent milestone payments and the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.547em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">credit rating as of December 31, 2021. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.2139em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">The fair value of the deferred consideration as per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.047em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">December 31, 2022 amounts to DKK 553 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.8802em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0248em;\">596 million), measured using the updated discount rate \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2133em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0242em;\">of 6.7% (3.7%). The discount rate has been determined \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0464em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">based on the same components as described above. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7133em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Royalties payable under the license and collaboration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5464em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">agreement with AdaptVac will be expensed in concur- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.3795em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">rence with future sales, hence not assessed and recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.2127em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">nized as a liability as of December 31, 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8795em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">The cash flow from payment of deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7127em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">will be recognized as cash flow from investment activ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5458em;\"><span class=\"stl_255 stl_20 stl_217\">ities. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:20.4779em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5247em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Deferred consideration including contingent milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.3578em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">payments is recognized when its payment is probable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1909em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">and it can be measured reliably and is at initial recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0241em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">nition measured at fair value which equals present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8572em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">value of future deferred payments. Subsequently, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6903em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">deferred consideration is measured at amortized cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5234em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">This means that the difference between the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3566em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">value of the consideration and the nominal amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1897em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">due is recognized in the income statement as a finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.0228em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">cial expense over the period until expected payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8559em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">date using the effective interest method. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5228em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">The expected phasing of future payments and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:32.3559em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">probability of contingent payments are assessed on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:33.1891em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">each reporting date and the impact is recognized as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:34.0222em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">financial item. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 25 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_438\" style=\"word-spacing:0.0092em;\">Prepayment and loan from Government \u00a0</span></div><div class=\"stl_01\" style=\"left:19.0352em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.0295em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:12.7083em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.979em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7534em;top:13.7358em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2021em;top:13.7358em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9715em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.5884em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_76\">566,4</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4202em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0371em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_76\">566,4</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.9808em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.0083em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9796em;top:18.0083em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8284em;top:18.0083em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:18.0083em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2771em;top:18.0083em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:19.0245em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9727em;top:19.0245em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.6602em;top:19.0245em;\"><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_329\">6</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_298\">,5</span><span class=\"stl_257 stl_16 stl_575\">11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4215em;top:19.0245em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.109em;top:19.0245em;\"><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_329\">6</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_298\">,5</span><span class=\"stl_257 stl_16 stl_575\">11 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7146em;top:20.6339em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">Agreement with Danish Ministry of Health \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:21.4727em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">In August 2021, the Company entered a funding agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:22.3058em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">ment with the Danish Ministry of Health to further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:23.1389em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">advance the development of ABNCoV2. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:24.8058em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The agreement is valued at up to DKK 800 million and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:25.6389em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">aims to support the completion of the development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:26.472em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">towards licensure of ABNCoV2 as a booster vaccine. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:28.1389em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Under the agreement, Bavarian Nordic is entitled to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:28.972em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">an upfront payment of DKK 80 million, in addition to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:29.8052em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">payments of up to DKK 720 million, which are contin- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:30.6383em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">gent upon reaching a number of predefined milestones \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:31.4714em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">including among others Phase 3 development mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:32.3045em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">stones and milestones related to upscaling of manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:33.1377em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">facturing for commercial production of the vaccine. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:33.9708em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">As per December 31, 2022 the Company has received \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7227em;top:20.6377em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the upfront payment of DKK 80 million and</span></div><div class=\"stl_01\" style=\"left:33.634em;top:20.6377em;\"><span class=\"stl_255 stl_20 stl_409\">milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:21.4708em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">payments amounting to DKK 480 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:23.1377em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The Danish Ministry of Health could be entitled to an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:23.9708em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">additional, capped royalty payment if the sales reach a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:24.8039em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">certain threshold above the sales volume for the ordi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:25.637em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">nary royalty payment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:27.3039em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">Based on current sales forecasts this additional royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:28.137em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">payment is not deemed likely and therefore not recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:28.9702em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">nized. If the payment becomes current it will be recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:29.8033em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">nized as a financial expense as the additional royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:30.6364em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">payment is seen as an extra interest payment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:32.3033em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">The cap for the additional royalty payment is a fixed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:33.1364em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">amount, calculated as a percentage of the loan amount. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government consists of an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">upfront payment and additional milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">from the Danish Ministry of Health to support the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">completion of the development of ABNCoV2, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Company\u2019s COVID-19 vaccine candidate. The additional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">payments are contingent upon reaching of a number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5618em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">predefined development milestones. All payments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3949em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">potentially subject to repayment, however only upon \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.228em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">successful marketing authorization of the vaccine by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0612em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">the European Commission. Half of the repayments shall \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8943em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">be paid by delivery of vaccines to the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7274em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Health whereas the remaining part of the repayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5605em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">can be settled in either royalty payments from the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3937em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">sale of the vaccine to other customers or by delivery of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2268em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">further vaccines. Royalty payments are only triggered \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0599em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">upon reaching a certain volume in sales. Upon approval \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.893em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the vaccine the repayment obligation is adjusted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7262em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">by inflation. The Company considers it probably that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5593em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">approval will be obtained and the received payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3924em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">will be repaid to the</span></div><div class=\"stl_01\" style=\"left:44.516em;top:27.3924em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Danish Ministry of Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0593em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">The repayment obligation is accounted for as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8924em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">prepayment in respect of the part that shall be repaid \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.7255em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">by delivery of vaccines whereas the part that can \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5587em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">be repaid either by delivery of further vaccines or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3918em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">by royalty payments is accounted for as a financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.2249em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">liability. Initially the payments from the Danish Ministry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.058em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">of Health is measured at the amount received that is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8912em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">considered equal to the fair value of the obligation to \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2137em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">repay the amount to the Danish Ministry of Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0468em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Since the split between supply of vaccines and royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8799em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">payments is unknown at this stage Management has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.713em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">decided to recognize the received milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5462em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">under one common line item \"Prepayment and loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.3793em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">from Government\". \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.0462em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">Subsequent the financial liability part is measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8793em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">amortized cost. The prepayment part is accounted for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7124em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">as a prepayment under IFRS 15. The interest rate used \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5455em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">that is implicit in the transaction is based on an assess- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.3787em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">ment of the company\u2019s incremental borrowing rate. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.2118em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">amortizations and the implicit interest are presented as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.0449em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.037em;\">amortization expenses under financial expenses. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.3403em;top:22.9779em;\"><span class=\"stl_602 stl_16 stl_217\" style=\"word-spacing:-0.0309em;\">Significant accounting judgments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0247em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Management has made the following accounting judg- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8578em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">ment which affect the recognition in the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6909em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">financial statements: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3578em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">Management assesses a high likelyhood of regula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1909em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">tory approval of the vaccine, hence assumes that the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.0241em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">already received milestone payments and the mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8572em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">stone payments to be received in the comming year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:30.6903em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">will be repaid in either supply of vaccines or royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5234em;\"><span class=\"stl_255 stl_20 stl_454\">payments. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_50\" style=\"word-spacing:0.011em;\">Note 26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0045em;\">Debt to credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0352em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.0295em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:12.7083em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_635\" style=\"word-spacing:-0.0387em;\">Mortgage </span><sup style=\"top: -0.2076em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.7309em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_238\">922 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.4228em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">283 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.149em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_106\">725 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5778em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6659em;top:14.7581em;z-index:218;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.704em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.839em;top:14.7581em;z-index:235;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7744em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.4071em;top:15.7744em;z-index:250;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_325\">10</span><span class=\"stl_261 stl_16 stl_100\">5,5</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_238\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.3071em;top:15.7744em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_307\">28</span><span class=\"stl_261 stl_16 stl_307\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0334em;top:15.7744em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_307\">,7</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_100\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.584em;top:15.7744em;z-index:269;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_124\">122</span><span class=\"stl_261 stl_16 stl_124\">,59</span><span class=\"stl_257 stl_16 stl_124\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:18.0031em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:19.0307em;\"><span class=\"stl_255 stl_20 stl_635\" style=\"word-spacing:-0.0387em;\">Mortgage </span><sup style=\"top: -0.2071em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.7844em;top:19.0316em;z-index:294;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_296\">178 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.425em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_326\">673 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8294em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">223 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6275em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:20.0535em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0356em;\">European Investment Bank (loan in DKK) </span><sup style=\"top: -0.2079em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.1118em;top:20.0537em;z-index:367;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7036em;top:20.0537em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.428em;top:20.0537em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2849em;top:20.0537em;z-index:382;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7136em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0211em;top:21.0756em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7036em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.428em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1949em;top:21.0756em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7143em;top:22.0919em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.9018em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_597\">74,373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.3087em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_237\">,673 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.6943em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_200\">22</span><span class=\"stl_261 stl_16 stl_200\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0786em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_43\">93,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_303\">69 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.5797em;\"><span class=\"stl_251 stl_20 stl_59\" style=\"word-spacing:-0.0415em;\">1) Floating interest \u2013 swapped to fixed interest of 0.9625% \u2013 expiry 2031 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3992em;\"><span class=\"stl_251 stl_20 stl_138\" style=\"word-spacing:-0.0427em;\">2) Fixed interest of 3.532% - bullet loan repaid in October 2022 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:26.0551em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The fair value of the debt to credit institutions amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.8883em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">to DKK 1,122.6 million (DKK 893.5 million). The fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.7214em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">value of mortgage debt is based on the market value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.5545em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the underlying bonds set by the bank (level 2), \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.3876em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">whereas the fair value of the security lending is based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.2208em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">on a discounted cash analysis flow of future payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.0539em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">of interest and principal by applying a market based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.887em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.0191em;\">discount rate (level 2). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.5539em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The tables below detail changes in the Group's liabil- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.387em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">ities arising from financing activities, both cash and \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7221em;top:26.0539em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.034em;\">non-cash changes. Liabilities arising from financing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:26.887em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">activities are those for which cash flows were, or future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:27.7201em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">cash flows will be, classified in the Group's consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:28.5533em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">statement of cash flow as cash flows from financing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:29.3864em;\"><span class=\"stl_255 stl_20 stl_140\">activities. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Cash flow from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9877em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_620\">January \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.6227em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_344\">Cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.9708em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_653\">Non-cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.4833em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_345\">December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8152em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.122em;top:11.8095em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.817em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.5414em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.9552em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:13.4939em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:14.5214em;\"><span class=\"stl_255 stl_20 stl_635\">Mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4795em;top:14.5214em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.3145em;top:14.5214em;z-index:1527;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_282\">144</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:14.5214em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6039em;top:14.5214em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0337em;\">European Investment Bank (loan in DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1377em;top:15.5433em;z-index:1585;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6539em;top:15.5433em;z-index:1595;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_11\">195</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1783em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:16.5652em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.047em;top:16.5652em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.8133em;top:16.5652em;\"><span class=\"stl_268 stl_20 stl_125\">603</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:16.5652em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.8645em;top:16.5652em;z-index:1665;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.587em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1289em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7676em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_166\">400</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1795em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_333\">909 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2289em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6089em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4233em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.9745em;top:18.6089em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_356\">981</span><span class=\"stl_255 stl_20 stl_356\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.8602em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_329\">489 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6089em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.6252em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Total liabilities from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.4633em;top:19.6252em;z-index:1834;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_514\">,593 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6751em;top:19.6252em;\"><span class=\"stl_261 stl_16 stl_329\">6</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_654\">7,34</span><span class=\"stl_257 stl_16 stl_654\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.7564em;top:19.6252em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_48\">9,39</span><span class=\"stl_257 stl_16 stl_48\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6245em;top:19.6252em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_11\">,759,33</span><span class=\"stl_257 stl_16 stl_11\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9876em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_620\">January \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.6226em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_344\">Cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.9708em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_653\">Non-cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.4833em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_345\">December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7401em;top:22.3733em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1395em;top:22.3677em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.817em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.5414em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.9726em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:24.052em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:25.0795em;\"><span class=\"stl_255 stl_20 stl_635\">Mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4189em;top:25.0795em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_565\">247 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.3295em;top:25.0795em;z-index:1954;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_548\">173</span><span class=\"stl_255 stl_20 stl_548\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4533em;top:25.0795em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.652em;top:25.0795em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7389em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0337em;\">European Investment Bank (loan in DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1364em;top:26.1014em;z-index:2012;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7283em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4526em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3095em;top:26.1014em;z-index:2027;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.0039em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7708em;top:27.1233em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4533em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2202em;top:27.1233em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:28.1452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.0051em;top:28.1452em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7976em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_179\">160</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7195em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3026em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7401em;top:29.167em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4414em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_285\">74</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_242\">623 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.9758em;top:29.167em;z-index:2182;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_237\">507</span><span class=\"stl_255 stl_20 stl_237\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.8651em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_280\">697 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5964em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Total liabilities from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9289em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_09\">47</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_74\">0</span><span class=\"stl_261 stl_16 stl_298\">65 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6358em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_250\">63</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.6995em;top:30.1833em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_76\">4,</span><span class=\"stl_257 stl_16 stl_238\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6358em;top:30.1833em;z-index:2264;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_514\">,593 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:32.0612em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.108em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">Loans are measured at the time of borrowing at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.9411em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">value less any transaction costs. Subsequently, debt is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.7742em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">measured at amortized cost. This means that the differ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6074em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">ence between the proceeds of the loan and the amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.4405em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">to be repaid is recognized in the income statement over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.2736em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">the term of the loan as a financial expense using the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.1067em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">effective interest method. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_378\" style=\"word-spacing:0.005em;\">Note 27 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_655\" style=\"word-spacing:0.0043em;\">Lease liabilities \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2795em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1921em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.989em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_454\">Non-current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7815em;top:11.9639em;\"><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">834 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.609em;top:11.9639em;z-index:78;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.9858em;\"><span class=\"stl_255 stl_20 stl_94\">Current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7809em;top:12.9858em;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5759em;top:12.9858em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">266 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.002em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0349em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6771em;top:14.002em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_291\">21 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4415em;top:14.002em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_286\">81</span><span class=\"stl_261 stl_16 stl_286\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0352em;top:17.1723em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:17.1723em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:17.1723em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.9279em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:17.9223em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:17.9223em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:17.9223em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:17.9223em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:19.6067em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:20.6342em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.3765em;top:20.6342em;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1015em;top:20.6342em;\"><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">834 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:20.6342em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5827em;top:20.6342em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.6504em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.2115em;top:21.6504em;\"><span class=\"stl_257 stl_16 stl_130\">2</span><span class=\"stl_261 stl_16 stl_68\">4,4</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_326\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.9552em;top:21.6504em;\"><span class=\"stl_261 stl_16 stl_307\">45,</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_85\">34 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4209em;top:21.6504em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4465em;top:21.6504em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_291\">21 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.8792em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.9067em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.3921em;top:24.9067em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">266 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1496em;top:24.9067em;z-index:325;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:24.9067em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5709em;top:24.9067em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:25.9229em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.2552em;top:25.9229em;\"><span class=\"stl_257 stl_16 stl_564\">21</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_344\">66 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.0071em;top:25.9229em;\"><span class=\"stl_261 stl_16 stl_186\">57,547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4209em;top:25.9229em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4315em;top:25.9229em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_286\">81</span><span class=\"stl_261 stl_16 stl_286\">3 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">The lease liability is initially measured at the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">value of the future lease payments (see further in note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">17), discounted by using an incremental country specific \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">borrowing rate ranging from 2.5% to 3.0% applying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">only a single discount rate for a portfolio of lease assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">with reasonable similar characteristics. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3955em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">The lease liability is subsequently measured by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.2287em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">increasing the carrying amount to reflect interest on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0618em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the lease liability using the effective interest method \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8949em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">and by reducing the carrying amount to reflect the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.728em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">lease payments made. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3949em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">The lease liability is remeasured and corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.228em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0251em;\">adjustments are made to the related right-of-use-asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0612em;\"><span class=\"stl_255 stl_20 stl_326\">whenever: \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.5612em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:11.5612em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">The lease term has changed, in which case the lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:12.3943em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">liability is remeasured by discounting the revised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:13.2274em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">lease payments using a revised discount rate. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.8943em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:14.8943em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">The lease payments change due to changes in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:15.7274em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">an index or rate, in which case the lease liability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:16.5605em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">is remeasured by discounting the revised lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:17.3937em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">payments using an unchanged discount rate. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.0605em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:19.0605em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">A lease contract is modified and the lease modifi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:19.8937em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">cation is not accounted for as a seperate lease, in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:20.7268em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">which case the lease liability is remeasured based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:21.5599em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the lease term of the modified lease by discounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:22.393em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">the revised lease payments using a revised discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:23.2262em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">rate at the effective date of the modification. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 28 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_408\" style=\"word-spacing:0.011em;\">Prepayment from customers \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Prepayment from customers as of January </span><span class=\"stl_268 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7907em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_344\">904 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5963em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_285\">74</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_271\">347 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Prepayments received during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3825em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5632em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_278\">33</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">850 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">Recognized as revenue during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6057em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_130\">904</span><span class=\"stl_255 stl_20 stl_130\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4032em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_291\">91</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_309\">293</span><span class=\"stl_255 stl_20 stl_309\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:14.9688em;\"><span class=\"stl_261 stl_16 stl_217\" style=\"word-spacing:-0.0308em;\">Prepayment from customers as of December 3</span><span class=\"stl_257 stl_16 stl_217\" style=\"word-spacing:-0.0308em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.375em;top:14.9688em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4282em;top:14.9688em;\"><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_307\">6,9</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">4 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7232em;top:17.0563em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The HPV license and collaboration agreement with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:17.8894em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Janssen regarding production of Master Seed Virus has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:18.7225em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">been terminated and therefore the upfront payment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:19.5557em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">DKK 16.9 million (USD 2.5 million) has been recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:20.3888em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0255em;\">as revenue in 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.0557em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">The recognition of revenue is described in note 3. \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:23.9829em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.0296em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">Prepayments are recognized under liabilities and will \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.8628em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">be recognized in the income statement as the delivery \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.6959em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">of paid products takes place. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_300\" style=\"word-spacing:0.0045em;\">Note 29 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_86\" style=\"word-spacing:0.0013em;\">Related party transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:10.1634em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">The Group Management and Board of Directors of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:10.9965em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Bavarian Nordic A/S are considered related parties. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:12.6634em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Besides the remuneration of the Board of Directors and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:13.4965em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the Executive Management, cf. note 8, and the share- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:14.3296em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">based payments, cf. note 30, there are no transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:15.1628em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">with related parties. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:16.8296em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Transactions with subsidiaries are eliminated in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:17.6628em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">consolidated financial statements, in accordance with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:18.4959em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">the accounting policies. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:10.2722em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.3189em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Share-based incentive plans in which employees can \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.1521em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">only opt to buy shares in the Company (warrants) are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9852em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">measured at the equity instruments\u2019 fair value at the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.8183em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">grant date and recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.6514em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">over the vesting period. The balancing item is recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.4846em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">nized directly in equity. The fair value on the date of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.3177em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">grant is determined using the Black-Scholes model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.9846em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Cash-based incentive programs in which employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.8177em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">can have the difference between the agreed exer- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">cise price and the actual share price settled in cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.4839em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0247em;\">(phantom shares) are measured at fair value at the date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.3171em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">of grant and recognized in the income statement over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.1502em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">the period when the final right of cash-settlement is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.9833em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">obtained. Granted rights are subsequently re-measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.8164em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">on each balance sheet date and upon final settlement, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.6496em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">and any changes in the fair value of the programs are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.4827em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">recognized in the income statement. The balancing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.3158em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">item is recognized under other liabilities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.9827em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">The fair value of the cash-based incentive programs is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.8158em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">determined using the Black-Scholes model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.4827em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Restricted stock units are measured at fair value at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.3158em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">grant date. Based on the achieved cash bonus for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.1489em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">members of the Executive Management, subject to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.9821em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">Board of Directors\u2019 decision on the portion that should \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.8152em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">be converted to restricted stock units, the number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.6483em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">restricted stock units are calculated by dividing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.4814em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">allocated cash bonus amount by the share price of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.3146em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Company at grant date. As the cash bonus has already \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.3146em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">been accrued and expensed in the income statement, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.1477em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">the grant of restricted stock units has no additional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.9808em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">impact on the income statement. The accrued liability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.8139em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">for the converted cash bonus is reclassified to equity. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.6471em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares are measured at the same fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.4802em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">as the initial restricted stock units and expensed over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.3133em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the three year vesting period. The balancing item is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.1464em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">recognized directly in equity. Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.9796em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">granted as sign-on bonus for members of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.8127em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Management and restricted stock units granted to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.6458em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Board of Directors are expensed at grant date with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.4789em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">balancing item recognized directly in equity. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:22.1402em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.033em;\">Incentive plans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.9789em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">In order to motivate and retain key employees and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.8121em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">encourage the achievement of common goals for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.6452em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">employees, management and shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.4783em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">Company has established incentive plans by way of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.3114em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">warrant programs and restricted stock units programs, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.1446em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">the latter only for members of the Executive Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.9777em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">ment and Board of Directors. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.6446em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Furthermore, the Company has established three-year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.4777em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">phantom share programs for all employees of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.3108em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Group except for Executive Management and other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.1439em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">employees receiving warrants. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:33.8052em;\"><span class=\"stl_261 stl_16 stl_140\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.6439em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Board of Directors has been granting warrants to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.4771em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">the Company\u00b4s management and selected employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.3102em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">of the Company and its subsidiaries. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:11.3102em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">The warrants are granted in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.1433em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">authorizations given to the Board of Directors by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.9764em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">shareholders. The Board of Directors has fixed the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:13.8096em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">terms of and the size of the grants of warrants, taking \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:14.6427em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">into account authorizations from the shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.4758em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">Group's guidelines for incentive pay, an assessment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.3089em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">expectations of the recipient\u00b4s work efforts and contri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.1421em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">bution to the Group\u00b4s growth, as well as the need to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.9752em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">motivate and retain the recipient. Grant takes place on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.8083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">the date of establishment of the program. Exercise of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:19.6414em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">warrants is by default subject to continuing employ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:20.4746em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">ment with the Group. The warrants granted are subject \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.3077em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">to the provisions of the Danish Public Companies Act \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.1408em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">regarding termination of employees prior to their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.9739em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">exercise of warrants in the case of recipients who are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:23.8071em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0377em;\">subject to the act. \u00a0</span></div><div class=\"stl_01\" style=\"left:16.2659em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.124em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.7334em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.038em;\">Can be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9852em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_215\">Average \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.4552em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.3134em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:44.350em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0282em;\">exercised as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9915em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_78\">exercise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0312em;\">Warrant overview \u2013 </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.0796em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7909em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_256\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.584em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_410\">Exercised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3827em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_253\">Annulled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4371em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_129\">Terminated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.9202em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.8809em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.1452em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_90\" style=\"word-spacing:-0.0315em;\">price (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">December </span><span class=\"stl_268 stl_20 stl_11\">2016 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.0659em;top:13.4639em;z-index:318;\"><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3415em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0659em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7902em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7727em;top:13.4639em;z-index:334;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_650\">661</span><span class=\"stl_255 stl_20 stl_650\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4752em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4359em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3734em;top:13.4639em;\"><span class=\"stl_268 stl_20 stl_110\">206 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">July </span><span class=\"stl_268 stl_20 stl_309\">2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.0596em;top:14.4858em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7909em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7559em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_314\">074</span><span class=\"stl_255 stl_20 stl_314\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4759em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3684em;top:14.4858em;\"><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_309\">2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.7134em;top:15.5077em;z-index:413;\"><span class=\"stl_268 stl_20 stl_589\">189</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_344\">609 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.4321em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_158\">60</span><span class=\"stl_255 stl_20 stl_158\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3552em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_26\">526</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.4215em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_18\">188</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_595\">023</span><span class=\"stl_255 stl_20 stl_595\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4759em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3871em;top:15.5077em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.7034em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_299\">515</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_233\">684 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3415em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.9434em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_79\">266</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_402\">923</span><span class=\"stl_255 stl_20 stl_402\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.349em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_09\">053</span><span class=\"stl_255 stl_20 stl_09\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5153em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5665em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_288\">240</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">708 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5271em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_288\">240</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">708 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4046em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.6834em;top:17.5514em;\"><span class=\"stl_268 stl_20 stl_151\">625</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_106\">984 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.014em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_158\">26</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_286\">491</span><span class=\"stl_255 stl_20 stl_286\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5152em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.584em;top:17.5514em;z-index:568;\"><span class=\"stl_268 stl_20 stl_336\">599</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">493 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4109em;top:17.5514em;\"><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_462\" style=\"word-spacing:-0.0433em;\">January </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.0359em;top:18.5733em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7909em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5152em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.894em;top:18.5733em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3971em;top:18.5733em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.299em;top:19.5952em;z-index:644;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_596\">176</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_344\">964 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9852em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_33\">64</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_300\">894</span><span class=\"stl_255 stl_20 stl_300\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5152em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1827em;top:19.5952em;z-index:673;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_305\">112</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_45\">070 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.389em;top:19.5952em;\"><span class=\"stl_268 stl_20 stl_378\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.6815em;top:20.617em;\"><span class=\"stl_268 stl_20 stl_150\">706</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_150\">469 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0078em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_313\">(</span><span class=\"stl_268 stl_20 stl_151\">50</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">695</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5153em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5959em;top:20.617em;\"><span class=\"stl_268 stl_20 stl_48\">655</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_296\">774 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3928em;top:20.617em;\"><span class=\"stl_268 stl_20 stl_280\">353 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_346\" style=\"word-spacing:-0.041em;\">April </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6178em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.7453em;top:21.6389em;\"><span class=\"stl_268 stl_20 stl_71\">81</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_33\">872 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7909em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5153em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.879em;top:21.6389em;\"><span class=\"stl_268 stl_20 stl_71\">81</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_33\">872 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3928em;top:21.6389em;\"><span class=\"stl_268 stl_20 stl_280\">190 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">December </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6178em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.4434em;top:22.6608em;\"><span class=\"stl_268 stl_20 stl_239\">932</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_325\">051 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7909em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5153em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5771em;top:22.6608em;\"><span class=\"stl_268 stl_20 stl_239\">932</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_325\">051 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1084em;top:22.6608em;\"><span class=\"stl_268 stl_20 stl_307\">225</span><span class=\"stl_255 stl_20 stl_134\">/</span><span class=\"stl_268 stl_20 stl_280\">271 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.954em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_220\">3,356,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7665em;top:23.677em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_548\">01</span><span class=\"stl_261 stl_16 stl_45\">3,9</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_85\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7509em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_150\">(</span><span class=\"stl_257 stl_16 stl_294\">2</span><span class=\"stl_261 stl_16 stl_250\">66,9</span><span class=\"stl_257 stl_16 stl_130\">8</span><span class=\"stl_261 stl_16 stl_335\">3) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5446em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_296\">5</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_48\">,659) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2302em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_353\">99,75</span><span class=\"stl_257 stl_16 stl_292\">8</span><span class=\"stl_261 stl_16 stl_292\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.8384em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_514\">3,65</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_110\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3534em;top:23.677em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_127\">4</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_134\">08 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.2365em;top:26.0159em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8196em;top:26.0159em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7471em;top:26.0171em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Recognized costs in 2022 DKK 42.9 million compared to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.4259em;top:26.7659em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.009em;top:26.7659em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7471em;top:26.8503em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">DKK 31.3 million in 2021. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0312em;\">Warrant overview \u2013 </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.0503em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7615em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_256\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5546em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_410\">Exercised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3534em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_253\">Annulled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.4078em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_129\">Terminated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.1203em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_128\">Transferred \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.6159em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.684em;top:29.2059em;\"><span class=\"stl_268 stl_20 stl_587\">743</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_350\">346 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3896em;top:29.2059em;\"><span class=\"stl_268 stl_20 stl_09\">126</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0371em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7615em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.4196em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_291\">143</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_542\">901</span><span class=\"stl_255 stl_20 stl_542\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2103em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2578em;top:29.2059em;\"><span class=\"stl_268 stl_20 stl_237\">725</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">932 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.7559em;top:30.2278em;z-index:1206;\"><span class=\"stl_268 stl_20 stl_70\">418</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_565\">163 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4065em;top:30.2278em;\"><span class=\"stl_268 stl_20 stl_258\">185</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_378\">457 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0365em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7609em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4853em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1771em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_584\">174</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_336\">070</span><span class=\"stl_255 stl_20 stl_336\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2703em;top:30.2278em;z-index:1243;\"><span class=\"stl_268 stl_20 stl_286\">429</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_172\">550 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:31.2496em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Other employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.1528em;top:31.2496em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_247\">880</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_331\">363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4209em;top:31.2496em;\"><span class=\"stl_268 stl_20 stl_12\">701</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_133\">979 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9634em;top:31.2496em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_630\">145</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_595\">833</span><span class=\"stl_255 stl_20 stl_595\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7071em;top:31.2496em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_579\">151</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_09\">659</span><span class=\"stl_255 stl_20 stl_09\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7128em;top:31.2496em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_50\">65</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_26\">579</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1871em;top:31.2496em;z-index:1317;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_658\">237</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_282\">144</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8396em;top:31.2496em;z-index:1328;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_212\">982</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:32.2715em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">Resigned employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.7284em;top:32.2715em;\"><span class=\"stl_268 stl_20 stl_12\">314</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_571\">612 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.3121em;top:32.2715em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0346em;top:32.2715em;z-index:1368;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_573\">121</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_12\">150</span><span class=\"stl_255 stl_20 stl_12\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7609em;top:32.2715em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6978em;top:32.2715em;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_274\">90</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_258\">278</span><span class=\"stl_255 stl_20 stl_258\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3621em;top:32.2715em;\"><span class=\"stl_268 stl_20 stl_306\">411</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">214 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.264em;top:32.2715em;\"><span class=\"stl_268 stl_20 stl_630\">514</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_274\">398 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.924em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_220\">3,356,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7365em;top:33.2878em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_548\">01</span><span class=\"stl_261 stl_16 stl_45\">3,9</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_85\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7209em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_150\">(</span><span class=\"stl_257 stl_16 stl_294\">2</span><span class=\"stl_261 stl_16 stl_250\">66,9</span><span class=\"stl_257 stl_16 stl_130\">8</span><span class=\"stl_261 stl_16 stl_335\">3) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.5146em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_296\">5</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_48\">,659) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.2003em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_353\">99,75</span><span class=\"stl_257 stl_16 stl_292\">8</span><span class=\"stl_261 stl_16 stl_292\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2021em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5328em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_210\">3,65</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_110\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:34.9134em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0293em;\">Weighted average exercise price (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.7715em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_485\">21</span><span class=\"stl_261 stl_16 stl_485\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.4696em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_26\">53 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.2115em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_18\">4</span><span class=\"stl_257 stl_16 stl_18\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.9146em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_18\">4</span><span class=\"stl_257 stl_16 stl_18\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.639em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_18\">4</span><span class=\"stl_257 stl_16 stl_18\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2021em;top:34.9134em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3346em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:35.9353em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0282em;\">Weighted average share price at exercise (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.1953em;top:35.9353em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_48\">47 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:37.5665em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Number of warrants which can be exercised as of December </span><span class=\"stl_268 stl_20 stl_305\">31</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2609em;top:37.5665em;\"><span class=\"stl_268 stl_20 stl_288\">240</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">708 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:38.5884em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0249em;\">at a weighted average exercise price of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.414em;top:38.5884em;\"><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:21.1896em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.7727em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.379em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9621em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0312em;\">Warrant overview \u2013 </span><span class=\"stl_257 stl_16 stl_09\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.0034em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7146em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_256\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5077em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_410\">Exercised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3065em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_253\">Annulled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.3609em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_129\">Terminated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.0734em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_128\">Transferred \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.569em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6496em;top:13.4639em;z-index:255;\"><span class=\"stl_268 stl_20 stl_573\">439</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_271\">402 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.419em;top:13.4639em;z-index:264;\"><span class=\"stl_268 stl_20 stl_660\">137</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_298\">030 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9896em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.714em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4384em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2702em;top:13.4639em;\"><span class=\"stl_268 stl_20 stl_43\">166</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_543\">914 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.219em;top:13.4639em;\"><span class=\"stl_268 stl_20 stl_587\">743</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_350\">346 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6102em;top:14.4858em;\"><span class=\"stl_268 stl_20 stl_100\">723</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_231\">326 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.339em;top:14.4858em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_246\">788 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2302em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_281\">31</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_52\">709</span><span class=\"stl_255 stl_20 stl_52\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.714em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4384em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.0384em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_79\">382</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_522\">242</span><span class=\"stl_255 stl_20 stl_522\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2909em;top:14.4858em;z-index:369;\"><span class=\"stl_268 stl_20 stl_70\">418</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_565\">163 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Other employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.0865em;top:15.5077em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_343\">062</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">360 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3515em;top:15.5077em;\"><span class=\"stl_268 stl_20 stl_09\">470</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_65\">438 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9484em;top:15.5077em;z-index:414;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_562\">327</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_315\">617</span><span class=\"stl_255 stl_20 stl_315\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6171em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_636\">241</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_150\">960</span><span class=\"stl_255 stl_20 stl_150\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6596em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_291\">14</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_343\">725</span><span class=\"stl_255 stl_20 stl_343\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.454em;top:15.5077em;z-index:442;\"><span class=\"stl_255 stl_20 stl_311\">(</span><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_304\">133</span><span class=\"stl_255 stl_20 stl_304\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.6877em;top:15.5077em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_247\">880</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_331\">363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">Resigned employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6846em;top:16.5295em;z-index:480;\"><span class=\"stl_268 stl_20 stl_334\">167</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_250\">901 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.264em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.904em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_337\">135</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_52\">275</span><span class=\"stl_255 stl_20 stl_52\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7127em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.004em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2434em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_310\">283</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">461 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2634em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_12\">314</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_571\">612 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.909em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_170\">3,39</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_151\">,9</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1809em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_45\">7</span><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_326\">6,</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_76\">56 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6984em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_125\">(494,6</span><span class=\"stl_257 stl_16 stl_639\">01</span><span class=\"stl_261 stl_16 stl_639\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.4159em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_305\">4</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_237\">,96</span><span class=\"stl_257 stl_16 stl_305\">0</span><span class=\"stl_261 stl_16 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.4959em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_331\">6,</span><span class=\"stl_257 stl_16 stl_151\">200</span><span class=\"stl_261 stl_16 stl_151\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1527em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.4571em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_220\">3,356,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:19.1714em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0293em;\">Weighted average exercise price (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.6984em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_151\">188 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.4159em;top:19.1714em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_133\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.1734em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_340\">21</span><span class=\"stl_261 stl_16 stl_340\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.8852em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.584em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_331\">20</span><span class=\"stl_261 stl_16 stl_331\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1527em;top:19.1714em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3046em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_485\">21</span><span class=\"stl_261 stl_16 stl_485\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7109em;top:20.1933em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0282em;\">Weighted average share price at exercise (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.1565em;top:20.1933em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_18\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7109em;top:21.8245em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Number of warrants which can be exercised as of December </span><span class=\"stl_268 stl_20 stl_305\">31</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1852em;top:21.8245em;\"><span class=\"stl_268 stl_20 stl_156\">301</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_329\">344 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7109em;top:22.8464em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0249em;\">at a weighted average exercise price of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3565em;top:22.8464em;\"><span class=\"stl_268 stl_20 stl_45\">242 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.1786em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Specification of parameters for Black-Scholes model \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5634em;top:25.1786em;\"><span class=\"stl_261 stl_16 stl_133\" style=\"word-spacing:-0.002em;\">Nov. </span><span class=\"stl_257 stl_16 stl_262\" style=\"word-spacing:1.1093em;\">2018 </span><span class=\"stl_261 stl_16 stl_133\" style=\"word-spacing:-0.002em;\">Nov. </span><span class=\"stl_257 stl_16 stl_260\">201</span><span class=\"stl_261 stl_16 stl_260\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0484em;top:25.1786em;\"><span class=\"stl_261 stl_16 stl_488\" style=\"word-spacing:-0.0427em;\">Jan. </span><span class=\"stl_257 stl_16 stl_259\" style=\"word-spacing:1.0787em;\">2020 </span><span class=\"stl_261 stl_16 stl_455\" style=\"word-spacing:-0.0027em;\">Nov. </span><span class=\"stl_257 stl_16 stl_52\" style=\"word-spacing:1.0923em;\">2020 </span><span class=\"stl_261 stl_16 stl_133\" style=\"word-spacing:-0.002em;\">Nov. </span><span class=\"stl_257 stl_16 stl_258\" style=\"word-spacing:1.2457em;\">2021 </span><span class=\"stl_261 stl_16 stl_72\" style=\"word-spacing:-0.022em;\">Apr. </span><span class=\"stl_257 stl_16 stl_151\" style=\"word-spacing:0.552em;\">2022 </span><span class=\"stl_261 stl_16 stl_488\" style=\"word-spacing:-0.0427em;\">Dec. </span><span class=\"stl_257 stl_16 stl_445\" style=\"word-spacing:0.0222em;\">2022 </span><sup style=\"top: -0.2081em;\"><span class=\"stl_266 stl_16 stl_340\">3) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.8688em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0237em;\">Average share price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.6352em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_314\">159</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_114\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.2652em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_48\">154</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_307\">05 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9452em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_589\">171</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_18\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.6052em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_579\">179</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_233\">84 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.2777em;top:26.8688em;z-index:1048;\"><span class=\"stl_268 stl_20 stl_265\">307</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_18\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9352em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_302\">171</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_282\">35 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5752em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_445\">224</span><span class=\"stl_255 stl_20 stl_71\">.</span><span class=\"stl_268 stl_20 stl_303\">70 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.8907em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0245em;\">Average exercise price at grant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.629em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_579\">179</span><span class=\"stl_255 stl_20 stl_158\">.</span><span class=\"stl_268 stl_20 stl_344\">60 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.2596em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_402\">185</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_329\">40 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.979em;top:27.8907em;z-index:1119;\"><span class=\"stl_268 stl_20 stl_662\">197</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_114\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.5584em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_492\">206</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_151\">82 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.2421em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_179\">353</span><span class=\"stl_255 stl_20 stl_09\">.</span><span class=\"stl_268 stl_20 stl_412\">06 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9921em;top:27.8907em;z-index:1143;\"><span class=\"stl_268 stl_20 stl_26\">190</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_549\">11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.579em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_45\">270</span><span class=\"stl_255 stl_20 stl_26\">.</span><span class=\"stl_268 stl_20 stl_151\">91 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:28.9126em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">Average exercise price at grant - Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5759em;top:28.9126em;\"><span class=\"stl_268 stl_20 stl_445\">224</span><span class=\"stl_255 stl_20 stl_71\">.</span><span class=\"stl_268 stl_20 stl_303\">70 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:29.9344em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">Average exercise price determined at date of rights issue March </span><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5996em;top:29.9344em;\"><span class=\"stl_268 stl_20 stl_45\">142</span><span class=\"stl_255 stl_20 stl_09\">.</span><span class=\"stl_268 stl_20 stl_114\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.2471em;top:29.9344em;\"><span class=\"stl_268 stl_20 stl_158\">146</span><span class=\"stl_255 stl_20 stl_288\">.</span><span class=\"stl_268 stl_20 stl_344\">60 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9296em;top:29.9344em;\"><span class=\"stl_268 stl_20 stl_71\">155</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_91\">80 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:30.9563em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.031em;\">Applied volatility rate </span><sup style=\"top: -0.2072em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.7165em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_280\">53</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_288\">3</span><span class=\"stl_255 stl_20 stl_288\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3621em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_274\">52</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_307\">2</span><span class=\"stl_255 stl_20 stl_307\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0433em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_184\">53</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_329\">0</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.7215em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_304\">39</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_76\">8</span><span class=\"stl_255 stl_20 stl_76\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3846em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_269\">41</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_76\">8</span><span class=\"stl_255 stl_20 stl_76\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0133em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_271\">42</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_158\">3</span><span class=\"stl_255 stl_20 stl_158\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7071em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_269\">41</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_76\">8</span><span class=\"stl_255 stl_20 stl_76\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7133em;top:31.9791em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Expected life (years) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5908em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2521em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.9133em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5746em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.2358em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8971em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5583em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">Expected dividend per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1777em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.839em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5002em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1615em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.8227em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.484em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1452em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0179em;\">Risk-free interest rate p.a. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.4971em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_158\">43</span><span class=\"stl_255 stl_20 stl_158\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.1521em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_288\">.</span><span class=\"stl_268 stl_20 stl_271\">69</span><span class=\"stl_255 stl_20 stl_271\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8189em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_288\">.</span><span class=\"stl_268 stl_20 stl_378\">65</span><span class=\"stl_255 stl_20 stl_378\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.4702em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_288\">.</span><span class=\"stl_268 stl_20 stl_130\">66</span><span class=\"stl_255 stl_20 stl_130\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.1314em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_127\">.</span><span class=\"stl_268 stl_20 stl_566\">53</span><span class=\"stl_255 stl_20 stl_566\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0089em;top:34.0229em;\"><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_331\">39</span><span class=\"stl_255 stl_20 stl_331\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6827em;top:34.0229em;\"><span class=\"stl_268 stl_20 stl_274\">2</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_242\">04</span><span class=\"stl_255 stl_20 stl_242\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:35.0448em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0252em;\">Fair value per share at grant </span><sup style=\"top: -0.2072em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7329em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_133\">52 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3985em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_280\">45 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.0573em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_298\">53 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.731em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_292\">41 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.4029em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_334\">76 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.0467em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_45\">47 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.6885em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_253\">64 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7141em;top:36.0676em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0274em;\">Fair value per share at grant - Executive Management </span><sup style=\"top: -0.2079em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7043em;top:36.0678em;\"><span class=\"stl_268 stl_20 stl_294\">78 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:25.9372em;\"><span class=\"stl_251 stl_20 stl_590\" style=\"word-spacing:-0.0412em;\">1) Fair value of each warrant at grant date applying the Black-Scholes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.254em;top:26.5207em;\"><span class=\"stl_251 stl_20 stl_661\">model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3402em;\"><span class=\"stl_251 stl_20 stl_252\" style=\"word-spacing:-0.0446em;\">2) The applied volatility is based on the historical volatility of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.2945em;top:27.9237em;\"><span class=\"stl_251 stl_20 stl_63\" style=\"word-spacing:-0.0436em;\">the Bavarian Nordic share, except for programs issued since \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.2945em;top:28.5072em;\"><span class=\"stl_251 stl_20 stl_462\" style=\"word-spacing:-0.0434em;\">November 2020 where the volatility is based on the volatility for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.2945em;top:29.0907em;\"><span class=\"stl_251 stl_20 stl_253\" style=\"word-spacing:-0.044em;\">a peer group. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.9102em;\"><span class=\"stl_251 stl_20 stl_21\" style=\"word-spacing:-0.0424em;\">3) The December 2022 program has two set of exercise conditions. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:30.4937em;\"><span class=\"stl_251 stl_20 stl_253\" style=\"word-spacing:-0.0439em;\">Executive Management can subscribe future shares at a exercise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:31.0772em;\"><span class=\"stl_251 stl_20 stl_138\" style=\"word-spacing:-0.0428em;\">price of DKK 224.70 per share equivalent to the market price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:31.6607em;\"><span class=\"stl_251 stl_20 stl_63\" style=\"word-spacing:-0.0436em;\">of Bavarian Nordic's shares at the time of grant. Vesting of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:32.2442em;\"><span class=\"stl_251 stl_20 stl_527\" style=\"word-spacing:-0.047em;\">warrants is subject to prior fulfilment of KPI's as determined by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:32.8277em;\"><span class=\"stl_251 stl_20 stl_525\" style=\"word-spacing:-0.0462em;\">the Board of Directors. Other employees can subscribe future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:33.4112em;\"><span class=\"stl_251 stl_20 stl_380\" style=\"word-spacing:-0.0402em;\">shares at a exercise price of DKK 270.91 per share, determined as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:33.9947em;\"><span class=\"stl_251 stl_20 stl_472\" style=\"word-spacing:-0.0391em;\">the average market price (closing price) of the Company's shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:34.5782em;\"><span class=\"stl_251 stl_20 stl_461\" style=\"word-spacing:-0.0448em;\">on Nasdaq Copenhagen over a period of 15 business days prior to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:35.1617em;\"><span class=\"stl_251 stl_20 stl_544\" style=\"word-spacing:-0.0454em;\">grant plus 15%. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0351em;\">Exercise periods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0627em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0369em;\">Can be exercised wholly or partly in a period of </span><span class=\"stl_257 stl_16 stl_275\">1</span><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:-0.0324em;\">4 days commencing from the day of publication of: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">December </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0627em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5115em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">1 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">2 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.409em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">3 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0627em;top:12.797em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_259\">2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5115em;top:12.797em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_408\" style=\"word-spacing:0.0373em;\">1 2027 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:12.797em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_408\" style=\"word-spacing:0.0373em;\">2 2027 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.409em;top:12.797em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_408\" style=\"word-spacing:0.0373em;\">3 2027 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_346\" style=\"word-spacing:-0.041em;\">April </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0621em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">2 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5109em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">3 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9596em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4084em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">1 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0621em;top:14.652em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">2 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5109em;top:14.652em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">3 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9596em;top:14.652em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_259\">2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4084em;top:14.652em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_408\" style=\"word-spacing:0.0373em;\">1 2027 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0615em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5102em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">1 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.959em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">2 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4077em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">3 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0615em;top:16.507em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5102em;top:16.507em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">1 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.959em;top:16.507em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">2 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4077em;top:16.507em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">3 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0609em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5096em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">1 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9584em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">2 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4071em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">3 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0609em;top:18.362em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5096em;top:18.362em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">1 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9584em;top:18.362em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">2 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4071em;top:18.362em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">3 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_462\" style=\"word-spacing:-0.0433em;\">January </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0602em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.509em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">1 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9577em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">2 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4065em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">3 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0602em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.509em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">1 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9577em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">2 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4065em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">3 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7109em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0596em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5084em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">1 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9571em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">2 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4059em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">3 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0596em;top:22.072em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5084em;top:22.072em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">1 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9571em;top:22.072em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">2 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4059em;top:22.072em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">3 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7102em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.059em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5077em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_133\" style=\"word-spacing:0.024em;\">1 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9565em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_133\" style=\"word-spacing:0.024em;\">2 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4052em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_133\" style=\"word-spacing:0.024em;\">3 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.059em;top:23.927em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5077em;top:23.927em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">1 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9565em;top:23.927em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">2 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4052em;top:23.927em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">3 2023 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_350\" style=\"word-spacing:-0.0309em;\">Phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">In 2018, the Company established a three-year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">phantom share program for all employees of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Group except for management and other employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">receiving warrants. The employees receive up to four \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">phantom shares per month free of charge during the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">period from January 1, 2019 to December 31, 2021. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Each employee who is a full-time employee during \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0265em;\">the entire term of the plan will be eligible to receive a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">maximum of 144 phantom shares. Following the rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">issues in March 2020 the monthly grant increased to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.3833em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">five phantom shares for the remaining grant period and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.2164em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">the maximum increased to 183 phantom shares. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.0495em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">program exercised in January 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.7164em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">In 2019, the Company established a three-year phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.5495em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0335em;\">share program for all employees of the Group except for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3827em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.032em;\">management and other employees receiving warrants. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.2158em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">The employees receive up to four phantom shares per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.0489em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0353em;\">month free of charge during the period from January \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.882em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">1, 2020 to December 31, 2022. Each employee who is a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.7152em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">full-time employee during the entire term of the plan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.5483em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">will be eligible to receive a maximum of 144 phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.3814em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">shares. Following the rights issues in March 2020 the \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7252em;top:10.2145em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">monthly grant increased to five phantom shares for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:11.0477em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">remaining grant period and the maximum increased to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:11.8808em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">183 phantom shares. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:12.7139em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The program will exercise in January 2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:14.3808em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">In 2020, the Company established a three-year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:15.2139em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">phantom share program for all employees of the Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:16.047em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">except for management and other employees receiving \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:16.8802em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">warrants. The employees receive up to five phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:17.7133em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">shares per month free of charge during the period from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:18.5464em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">January 1, 2021 to December 31, 2023. Each employee \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:19.3795em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">who is a full-time employee during the entire term of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:20.2127em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">the plan will be eligible to receive a maximum of 180 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:21.0458em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">phantom shares. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:22.7127em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Grants are made on a monthly basis during the life of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:23.5458em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">the programs as long as the employee is employed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:24.3789em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">with the Group. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:26.0458em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">On expiry of the programs, the employees may exer- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:26.8789em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">cise the phantom shares granted to them and thus be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:27.712em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">entitled to a cash bonus calculated on the basis of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:28.5452em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0244em;\">increase in the price of the Company\u00b4s shares. The exer- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:29.3783em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">cise is conditional on the price of the Company\u00b4s shares \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7365em;top:10.2114em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">being at least DKK 5 higher than the exercise price at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7365em;top:11.0445em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0249em;\">the time of exercise. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7365em;top:12.7114em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">On expiry of the programs, former employees are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7365em;top:13.5445em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">entitled to settlement of the phantom shares granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7365em;top:14.3777em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">during their term of employment. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.5101em;\"><span class=\"stl_257 stl_16 stl_402\">2021</span><span class=\"stl_261 stl_16 stl_663\">-</span><span class=\"stl_257 stl_16 stl_227\">202</span><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">3 phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9051em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1896em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9865em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">Outstanding as of January </span><span class=\"stl_268 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8271em;top:13.5895em;z-index:148;\"><span class=\"stl_268 stl_20 stl_574\">37</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1609em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:14.6114em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Granted during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8784em;top:14.6114em;z-index:182;\"><span class=\"stl_268 stl_20 stl_639\">41</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">136 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6065em;top:14.6114em;z-index:190;\"><span class=\"stl_268 stl_20 stl_574\">37</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:15.6276em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">Outstanding phantom shares as of December 3</span><span class=\"stl_257 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.754em;top:15.6276em;z-index:236;\"><span class=\"stl_261 stl_16 stl_664\">79,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_292\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4646em;top:15.6276em;\"><span class=\"stl_261 stl_16 stl_186\">37,996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:17.2533em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Liability in DKK thousand as of December 3</span><span class=\"stl_257 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0159em;top:17.2533em;\"><span class=\"stl_261 stl_16 stl_176\">3,73</span><span class=\"stl_257 stl_16 stl_176\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7646em;top:17.2533em;\"><span class=\"stl_261 stl_16 stl_492\">3,5</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:18.8789em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Specification of parameters for Black-Scholes model \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:19.9064em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Share price December </span><span class=\"stl_268 stl_20 stl_286\">31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6321em;top:19.9064em;\"><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4002em;top:19.9064em;\"><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:20.9283em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">Average share exercise price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6127em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_158\">203 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3921em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_158\">203 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:21.9501em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Expected volatility rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4102em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_566\">47</span><span class=\"stl_255 stl_20 stl_566\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.1827em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_150\">42</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:22.972em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Expected life (years) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8071em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.5652em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_274\">2</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">Expected dividend per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3821em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1615em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0179em;\">Risk-free interest rate p.a. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9209em;top:25.0158em;\"><span class=\"stl_268 stl_20 stl_282\">3</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_238\">46</span><span class=\"stl_255 stl_20 stl_238\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8096em;top:25.0158em;z-index:536;\"><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_607\">11</span><span class=\"stl_255 stl_20 stl_607\">% \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7152em;top:26.6251em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The expected volatility is based on the volatility for a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:27.4583em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">peer group. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:29.1251em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Phantom shares granted in 2022 provided an expense \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:29.9583em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0267em;\">of DKK 1.9 million, whereas the revaluation of previ- \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7284em;top:26.6251em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">ously granted phantom shares provided an income of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7284em;top:27.4583em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">DKK 1.8 million, total net expense of DKK 0.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7284em;top:28.2914em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0225em;\">(net expense 2021: DKK 3.6 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7284em;top:29.9583em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The liability is included in other liabilities, cf. note 22. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.735em;top:10.5101em;\"><span class=\"stl_257 stl_16 stl_242\">2020</span><span class=\"stl_261 stl_16 stl_663\">-</span><span class=\"stl_257 stl_16 stl_445\" style=\"word-spacing:0.0213em;\">2022 </span><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.735em;top:11.9051em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.4281em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.225em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9962em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_259\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">Outstanding as of January </span><span class=\"stl_268 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.9887em;top:13.5895em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_200\">873 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8237em;top:13.5895em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_324\">921 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1787em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:14.6114em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">Granted during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.0587em;top:14.6114em;\"><span class=\"stl_268 stl_20 stl_524\">41</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_566\">627 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8649em;top:14.6114em;z-index:1094;\"><span class=\"stl_268 stl_20 stl_574\">37</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_271\">952 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6062em;top:14.6114em;z-index:1102;\"><span class=\"stl_268 stl_20 stl_269\">29</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Adjustment following rights issue March </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.62em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3993em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9187em;top:15.6333em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_242\">367 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:16.6495em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">Outstanding phantom shares as of December 3</span><span class=\"stl_257 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.5537em;top:16.6495em;\"><span class=\"stl_257 stl_16 stl_631\">110</span><span class=\"stl_261 stl_16 stl_33\">,5</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6262em;top:16.6495em;\"><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_329\">73 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4699em;top:16.6495em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_282\">,9</span><span class=\"stl_257 stl_16 stl_291\">21 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:18.2751em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Liability in DKK thousand as of December 3</span><span class=\"stl_257 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.2862em;top:18.2751em;\"><span class=\"stl_261 stl_16 stl_273\">7,37</span><span class=\"stl_257 stl_16 stl_273\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.9899em;top:18.2751em;\"><span class=\"stl_257 stl_16 stl_76\">8</span><span class=\"stl_261 stl_16 stl_134\">,6</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.7806em;top:18.2751em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_412\">64 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:19.9008em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Specification of parameters for Black-Scholes model \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:20.9283em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Share price December </span><span class=\"stl_268 stl_20 stl_286\">31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.8693em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6374em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4174em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_301\">187 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7343em;top:21.9501em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">Average share exercise price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.8687em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6481em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4274em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:22.972em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Expected volatility rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.6462em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_566\">47</span><span class=\"stl_255 stl_20 stl_566\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4187em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_150\">42</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.1812em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_329\">40</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Expected life (years) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.6187em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.8231em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.5812em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_274\">2</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">Expected dividend per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.6187em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3981em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1774em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0179em;\">Risk-free interest rate p.a. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.6187em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7243em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_277\">02</span><span class=\"stl_255 stl_20 stl_277\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5649em;top:26.0376em;z-index:1541;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_71\">17</span><span class=\"stl_255 stl_20 stl_71\">% \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7337em;top:27.647em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The expected volatility is based on the volatility for a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:28.4801em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">peer group. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:30.147em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">The 2020-2022 program will exercise in January 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:30.9801em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">if the average share price for the period January 2 - \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:31.8133em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">January 13, 2023 will exceed the exercise price of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:32.6464em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">146.70. Otherwise the program will expire without \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:33.4795em;\"><span class=\"stl_255 stl_20 stl_34\">exercise. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7468em;top:27.6464em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Phantom shares granted in 2022 provided an expense \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:28.4795em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">of DKK 2.8 million, whereas the revaluation of previ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:29.3126em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">ously granted phantom shares provided an income of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:30.1458em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">DKK 4.0 million, total net income of DKK 1.2 million (net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:30.9789em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">expense 2021: DKK 6.7 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:32.6458em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The liability is included in other liabilities, cf. note 22. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.5101em;\"><span class=\"stl_257 stl_16 stl_595\">201</span><span class=\"stl_261 stl_16 stl_301\">9-</span><span class=\"stl_257 stl_16 stl_542\" style=\"word-spacing:0.0393em;\">2021 </span><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9051em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.6277em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4246em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1959em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_259\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9877em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_260\">201</span><span class=\"stl_261 stl_16 stl_260\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">Outstanding as of January </span><span class=\"stl_268 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.2296em;top:13.5895em;\"><span class=\"stl_268 stl_20 stl_308\">92</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_282\">531 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0077em;top:13.5895em;\"><span class=\"stl_268 stl_20 stl_465\">55</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_76\">095 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8559em;top:13.5895em;z-index:209;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1577em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.6114em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Granted during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.819em;top:14.6114em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0521em;top:14.6114em;z-index:246;\"><span class=\"stl_268 stl_20 stl_574\">37</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_274\">436 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.819em;top:14.6114em;z-index:254;\"><span class=\"stl_268 stl_20 stl_269\">29</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_48\">437 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6352em;top:14.6114em;z-index:262;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Adjustment following rights issue March </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8184em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5978em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0996em;top:15.6333em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_100\">445 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1565em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Exercised during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0077em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_294\">85</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_247\">367</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5977em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3771em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1565em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">Expired during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.4521em;top:17.677em;z-index:396;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_45\">164</span><span class=\"stl_255 stl_20 stl_45\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5971em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3765em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1559em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:18.6933em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">Outstanding phantom shares as of December 3</span><span class=\"stl_257 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8096em;top:18.6933em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8702em;top:18.6933em;\"><span class=\"stl_261 stl_16 stl_26\">9</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_158\">,53</span><span class=\"stl_257 stl_16 stl_158\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6434em;top:18.6933em;\"><span class=\"stl_261 stl_16 stl_432\">55,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4903em;top:18.6933em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_296\">9,</span><span class=\"stl_257 stl_16 stl_292\">21</span><span class=\"stl_261 stl_16 stl_292\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:20.3189em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Liability in DKK thousand as of December 3</span><span class=\"stl_257 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8096em;top:20.3189em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8965em;top:20.3189em;\"><span class=\"stl_257 stl_16 stl_341\">11</span><span class=\"stl_261 stl_16 stl_307\">,7</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9896em;top:20.3189em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_151\">,9</span><span class=\"stl_257 stl_16 stl_274\">8</span><span class=\"stl_261 stl_16 stl_274\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.2915em;top:20.3189em;\"><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_412\">64 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:21.9445em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Specification of parameters for Black-Scholes model \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:22.972em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Share price December </span><span class=\"stl_268 stl_20 stl_286\">31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8353em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6153em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_301\">187 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4059em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_272\">171 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">Average share exercise price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8403em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6196em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3871em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_280\">180 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Expected volatility rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6171em;top:25.0158em;\"><span class=\"stl_268 stl_20 stl_150\">42</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3796em;top:25.0158em;\"><span class=\"stl_268 stl_20 stl_329\">40</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.2115em;top:25.0158em;\"><span class=\"stl_268 stl_20 stl_665\">51</span><span class=\"stl_255 stl_20 stl_665\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Expected life (years) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5965em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8009em;top:26.0376em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.559em;top:26.0376em;\"><span class=\"stl_268 stl_20 stl_274\">2</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:27.0595em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">Expected dividend per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5965em;top:27.0595em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3759em;top:27.0595em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1553em;top:27.0595em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:28.0814em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0179em;\">Risk-free interest rate p.a. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5965em;top:28.0814em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7665em;top:28.0814em;z-index:780;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_273\">15</span><span class=\"stl_255 stl_20 stl_273\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5434em;top:28.0814em;z-index:786;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_71\">17</span><span class=\"stl_255 stl_20 stl_71\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:29.6908em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">The expected volatility for 2020 and 2021 is based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7253em;top:29.6901em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0265em;\">Revaluation of granted phantom shares and reversal of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:30.5239em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">the volatility for a peer group, whereas the volatility for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7253em;top:30.5233em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">not exercised phantom shares provided a net income of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:31.357em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">2019 is based on the historic volatility of the Company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7253em;top:31.3564em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">DKK 3.6 million (net expense 2021: DKK 8.7 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:33.0239em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">The 2019-2021 program exercised in January 2022 at a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7253em;top:33.0233em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The liability is included in other liabilities, cf. note 22. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:33.857em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0225em;\">share price of DKK 241.61. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.0379em;\">Outstanding restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2627em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8877em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.0059em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.2259em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_332\">Granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.8565em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_376\">Released \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0771em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:44.332em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Value at grant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2752em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_666\" style=\"word-spacing:-0.0432em;\">as of January </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.542em;\">1 </span><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.037em;\">during the year</span></div><div class=\"stl_01\" style=\"left:29.062em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.037em;\">during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.684em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.3034em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_93\" style=\"word-spacing:-0.0291em;\">date (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.7571em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_78\" style=\"word-spacing:-0.0271em;\">Vesting date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.6577em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3571em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.704em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2784em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6253em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4415em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_565\">163 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7184em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares - bonus </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3578em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7478em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.279em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.669em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4421em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_565\">163 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.719em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">CEO retention plan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3584em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8484em;top:17.7289em;z-index:534;\"><span class=\"stl_268 stl_20 stl_567\">17</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_151\">109 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2796em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7696em;top:17.7289em;z-index:545;\"><span class=\"stl_268 stl_20 stl_567\">17</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_151\">109 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4371em;top:17.7289em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8165em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0257em;\">Matching shares - CEO retention plan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3584em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0415em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2796em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9628em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4365em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8159em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Sign-on bonus COO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3578em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0234em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.279em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9446em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4428em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_276\">165 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8152em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Matching shares - sign-on COO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3571em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.024em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">223 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2784em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9452em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">223 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4421em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_276\">165 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8146em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8077em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_304\">413 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3171em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6896em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_304\">413 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4034em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_74\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7352em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares - bonus </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.084em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_378\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9659em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_378\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4027em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_74\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7346em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8027em;top:23.8602em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3159em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2765em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6846em;top:23.8602em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4246em;top:23.8602em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7152em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:24.882em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares - bonus </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0734em;top:24.882em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3159em;top:24.882em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2765em;top:24.882em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9552em;top:24.882em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4246em;top:24.882em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7152em;top:24.882em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:25.9039em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Sign-on bonus CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0971em;top:25.9039em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_45\">651 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3159em;top:25.9039em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2765em;top:25.9039em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.979em;top:25.9039em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_45\">651 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4452em;top:25.9039em;\"><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.759em;top:25.9039em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">May </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:26.9258em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Matching shares - sign-on CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0871em;top:26.9258em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_294\">325 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:26.9258em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:26.9258em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.969em;top:26.9258em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_294\">325 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4459em;top:26.9258em;\"><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7596em;top:26.9258em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">May </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7652em;top:27.9477em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_106\">080 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.5065em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_124\">080</span><span class=\"stl_255 stl_20 stl_124\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2377em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4296em;top:27.9477em;\"><span class=\"stl_268 stl_20 stl_50\">144 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7127em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares - bonus </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0984em;top:28.9695em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8371em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_595\">039</span><span class=\"stl_255 stl_20 stl_595\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2377em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4296em;top:28.9695em;\"><span class=\"stl_268 stl_20 stl_50\">144 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7127em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:29.9858em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0351em;\">Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.6402em;top:29.9858em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_296\">218 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6259em;top:29.9858em;z-index:1307;\"><span class=\"stl_261 stl_16 stl_291\">66,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_100\">9</span><span class=\"stl_257 stl_16 stl_100\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.4027em;top:29.9858em;z-index:1313;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_571\">4,</span><span class=\"stl_257 stl_16 stl_338\">11</span><span class=\"stl_261 stl_16 stl_295\">9) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1596em;top:29.9858em;\"><span class=\"stl_257 stl_16 stl_542\">120</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_85\">97 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:31.6114em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:32.6389em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3559em;top:32.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7527em;top:32.6389em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:32.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.674em;top:32.6389em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4434em;top:32.6389em;\"><span class=\"stl_268 stl_20 stl_543\">153 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.814em;top:32.6389em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:33.6608em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2102em;top:33.6608em;z-index:1398;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:33.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:33.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0921em;top:33.6608em;z-index:1411;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4146em;top:33.6608em;\"><span class=\"stl_268 stl_20 stl_100\">273 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8321em;top:33.6608em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:34.6827em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2496em;top:34.6827em;z-index:1442;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:34.6827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:34.6827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1315em;top:34.6827em;z-index:1455;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4302em;top:34.6827em;\"><span class=\"stl_268 stl_20 stl_280\">190 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8684em;top:34.6827em;\"><span class=\"stl_255 stl_20 stl_114\" style=\"word-spacing:-0.04em;\">Jun. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7471em;top:35.7045em;\"><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3159em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.4884em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">340</span><span class=\"stl_255 stl_20 stl_133\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2371em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.434em;top:35.7045em;\"><span class=\"stl_268 stl_20 stl_45\">138 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8096em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:36.7208em;\"><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:-0.0323em;\">Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.619em;top:36.7208em;\"><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_274\">6,57</span><span class=\"stl_257 stl_16 stl_274\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6071em;top:36.7208em;\"><span class=\"stl_257 stl_16 stl_312\">11</span><span class=\"stl_261 stl_16 stl_234\">,467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3209em;top:36.7208em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_201\">,34</span><span class=\"stl_257 stl_16 stl_305\">0</span><span class=\"stl_261 stl_16 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5177em;top:36.7208em;\"><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_282\">5,7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:37.7427em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.2665em;top:37.7427em;\"><span class=\"stl_257 stl_16 stl_563\">10</span><span class=\"stl_261 stl_16 stl_222\">4,796 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5984em;top:37.7427em;z-index:1578;\"><span class=\"stl_261 stl_16 stl_253\">7</span><span class=\"stl_261 stl_16 stl_568\">7</span><span class=\"stl_261 stl_16 stl_166\">,665 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.309em;top:37.7427em;\"><span class=\"stl_261 stl_16 stl_125\">(36,459) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1546em;top:37.7427em;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_343\">46,</span><span class=\"stl_257 stl_16 stl_133\">002 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7459em;top:10.2083em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0359em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:11.047em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">In March 2021, the Board of Directors decided to post- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:11.8802em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">pone the payment of half of the achieved cash bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:12.7133em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">for members of the Other Executive Management for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:13.5464em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">3 years, converting the postponed bonus of DKK 3.6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:14.3795em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">million into 16,413 unconditional restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:15.2127em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">using the share price of the Company at grant date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:16.0458em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">(DKK 222). The Board of Directors decided to grant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:16.8789em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">additional restricted stock units free of charge on expiry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:17.712em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0265em;\">of a 3 years period (so-called \"\"matching shares\"\") \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:18.5452em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">upon the recipient still being employed in March 2024. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:19.3783em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">One matching share is granted for each two acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:20.2114em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">restricted stock units. The maximum number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:21.0445em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">matching shares is 8,207. The initial granted restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:21.8777em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">stock units and the potential matching shares total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:22.7108em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0211em;\">24,620 shares. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:24.3777em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">At the annual general meeting in April 2021, the Board \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:25.2108em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">of Directors were granted a total of 7,127 unconditional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:26.0439em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">restricted stock units corresponding to 50% of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:26.877em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">annual fixed fee of DKK 2.0 million (excl. committee \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:27.7102em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">fee). The restricted stock units will be delivered after 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:28.5433em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">years in April 2024. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7459em;top:30.2102em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0232em;\">In May/June 2021, the Company bought back 31,747 of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:31.0433em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">its own shares to meet the obligation to deliver up to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:31.8764em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">31,747 shares to the members of the Executive Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:32.7095em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">ment and the Board of Directors in March/April 2024. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.0379em;\">Outstanding restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2715em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8877em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.0059em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.2259em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_332\">Granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.8565em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_376\">Released \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0771em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:44.332em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Value at grant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2752em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_666\" style=\"word-spacing:-0.0432em;\">as of January </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.542em;\">1 </span><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.037em;\">during the year</span></div><div class=\"stl_01\" style=\"left:29.062em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.037em;\">during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.684em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.3034em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_93\" style=\"word-spacing:-0.0291em;\">date (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.7571em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_78\" style=\"word-spacing:-0.0271em;\">Vesting date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.6577em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3571em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.769em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_304\">413 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2784em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6903em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_304\">413 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.404em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_74\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7359em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares \u2013 bonus </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3565em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0452em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9665em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4034em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_74\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7352em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8034em;top:17.7289em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6852em;top:17.7289em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4252em;top:17.7289em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7159em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares \u2013 bonus </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.074em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9559em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4252em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7159em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Sign-on bonus CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0977em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_45\">651 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9796em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_45\">651 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4459em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7596em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">May </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Matching shares \u2013 sign-on CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0877em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_294\">325 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3171em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9696em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_294\">325 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4465em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7602em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">May </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7659em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_106\">080 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3171em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6477em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_106\">080 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4302em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_50\">144 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7134em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares \u2013 bonus </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.099em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3171em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9809em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4302em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_50\">144 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7134em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.0374em;\">Sign-on bonus CFO </span><sup style=\"top: -0.2058em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0799em;top:23.8625em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.318em;top:23.8625em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8137em;top:23.8625em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_288\">554</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2393em;top:23.8625em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4362em;top:23.8625em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7043em;top:23.8625em;\"><span class=\"stl_255 stl_20 stl_514\" style=\"word-spacing:0.0027em;\">Nov. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7143em;top:24.8843em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0286em;\">Matching shares \u2013 sign-on CFO </span><sup style=\"top: -0.2079em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0725em;top:24.8846em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_110\">277 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:24.8846em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7938em;top:24.8846em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_221\">277</span><span class=\"stl_255 stl_20 stl_221\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2394em;top:24.8846em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4363em;top:24.8846em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7044em;top:24.8846em;\"><span class=\"stl_255 stl_20 stl_514\" style=\"word-spacing:0.0027em;\">Nov. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_309\">2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0794em;top:25.9064em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_106\">734 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8132em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_168\">734</span><span class=\"stl_255 stl_20 stl_168\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2394em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4238em;top:25.9064em;\"><span class=\"stl_268 stl_20 stl_133\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7319em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares \u2013 bonus </span><span class=\"stl_268 stl_20 stl_309\">2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0651em;top:26.9283em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_329\">366 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8057em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_338\">(</span><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_238\">366</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2394em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4238em;top:26.9283em;\"><span class=\"stl_268 stl_20 stl_133\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7319em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:27.9446em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0351em;\">Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.6494em;top:27.9446em;\"><span class=\"stl_261 stl_16 stl_402\">79,5</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_274\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5801em;top:27.9446em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_425\">4,6</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3594em;top:27.9446em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_640\">5,93</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5244em;top:27.9446em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_296\">218 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7151em;top:29.5702em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7151em;top:30.5977em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3582em;top:30.5977em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.1732em;top:30.5977em;z-index:1072;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2794em;top:30.5977em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0944em;top:30.5977em;z-index:1078;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4169em;top:30.5977em;\"><span class=\"stl_268 stl_20 stl_100\">273 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8344em;top:30.5977em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7151em;top:31.6196em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2519em;top:31.6196em;z-index:1103;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3188em;top:31.6196em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2794em;top:31.6196em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1338em;top:31.6196em;z-index:1110;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4326em;top:31.6196em;\"><span class=\"stl_268 stl_20 stl_280\">190 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8707em;top:31.6196em;\"><span class=\"stl_255 stl_20 stl_114\" style=\"word-spacing:-0.04em;\">Jun. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:32.6414em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7494em;top:32.6414em;\"><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:32.6414em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2788em;top:32.6414em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6313em;top:32.6414em;\"><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4363em;top:32.6414em;\"><span class=\"stl_268 stl_20 stl_45\">138 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8119em;top:32.6414em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0619em;top:33.6633em;\"><span class=\"stl_268 stl_20 stl_130\">8</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_233\">666 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7951em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_130\">8</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_166\">666</span><span class=\"stl_255 stl_20 stl_166\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2394em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4501em;top:33.6633em;\"><span class=\"stl_268 stl_20 stl_272\">175 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8288em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:34.6796em;\"><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:-0.0323em;\">Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7082em;top:34.6796em;z-index:1212;\"><span class=\"stl_257 stl_16 stl_130\">28</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_334\">11</span><span class=\"stl_261 stl_16 stl_334\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0401em;top:34.6796em;z-index:1217;\"><span class=\"stl_261 stl_16 stl_568\">7,</span><span class=\"stl_257 stl_16 stl_09\">12</span><span class=\"stl_261 stl_16 stl_09\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6595em;top:34.6796em;\"><span class=\"stl_261 stl_16 stl_305\">(</span><span class=\"stl_257 stl_16 stl_76\">8</span><span class=\"stl_261 stl_16 stl_570\">,666) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5032em;top:34.6796em;\"><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_274\">6,57</span><span class=\"stl_257 stl_16 stl_274\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:35.7014em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.3013em;top:35.7014em;\"><span class=\"stl_257 stl_16 stl_45\">10</span><span class=\"stl_261 stl_16 stl_48\">7,646 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6588em;top:35.7014em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_304\">,747 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2788em;top:35.7014em;\"><span class=\"stl_261 stl_16 stl_220\">(34,597) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1507em;top:35.7014em;\"><span class=\"stl_257 stl_16 stl_563\">10</span><span class=\"stl_261 stl_16 stl_222\">4,796 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:37.1909em;\"><span class=\"stl_251 stl_20 stl_462\" style=\"word-spacing:-0.0434em;\">1) At vesting 6,400 shares were transferred to CFO Henrik Juuel, the remaining 6,431 restricted stock units were converted to a cash bonus of DKK 2.0 million. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The grant of the initial restricted stock units to the Exec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">utive Management (22,578 shares) had no impact on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">the income statement for 2022, as the corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">cash bonus (DKK 3.7 million) was accrued in 2021, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0358em;\">though the amount has been reclassified from \"Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">and wages\" to \"Share-based payment\" in the staff cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0209em;\">note (note 8). The obligation related to the matching \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">shares amount to DKK 1.8 million measured at the same \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">fair value as the initial restricted stock units (DKK 163). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">The obligation will be expensed over the three year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">vesting period. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">During 2022, DKK 9.2 million has been expensed and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">recognized as share-based payment related to Execu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.8833em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">tive Management, this includes the expensing of CEO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.7164em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">retention plan and sign-on bonus to COO. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.3833em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The grant of restricted stock units to the Board of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.2164em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">Directors (11,467 shares - DKK 1.8 million) were fully \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.0495em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">expensed at grant. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0328em;\">Total share-based payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Below a specification of all share-based payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">expensed in 2022 and 2021. The amounts reconcile to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">note 8. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.2791em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1921em;top:14.2735em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.989em;top:14.2735em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.9635em;\"><span class=\"stl_255 stl_20 stl_345\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8027em;top:15.9635em;\"><span class=\"stl_268 stl_20 stl_222\">42</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_45\">937 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5921em;top:15.9635em;\"><span class=\"stl_268 stl_20 stl_281\">31</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">265 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.9853em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8446em;top:16.9853em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9715em;top:16.9853em;z-index:336;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_639\">319 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.0016em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">Share-based payment recognized directly in equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6859em;top:18.0016em;\"><span class=\"stl_261 stl_16 stl_09\">53,976 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3921em;top:18.0016em;\"><span class=\"stl_261 stl_16 stl_85\">3</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_127\">,5</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.6328em;\"><span class=\"stl_268 stl_20 stl_262\">2021</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">2023 </span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6302em;top:19.6328em;\"><span class=\"stl_268 stl_20 stl_564\">143 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8834em;top:19.6328em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_134\">589 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.6547em;\"><span class=\"stl_268 stl_20 stl_168\">2020</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_133\" style=\"word-spacing:0.024em;\">2022 </span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.929em;top:20.6547em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_150\">234</span><span class=\"stl_255 stl_20 stl_150\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9359em;top:20.6547em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_281\">740 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.6766em;\"><span class=\"stl_268 stl_20 stl_395\">2019</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_26\" style=\"word-spacing:0.042em;\">2021 </span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9315em;top:21.6766em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_09\">601</span><span class=\"stl_255 stl_20 stl_09\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8934em;top:21.6766em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.6928em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Share-based payment recognized as a liability (change during the year) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8084em;top:22.6928em;\"><span class=\"stl_261 stl_16 stl_48\">(4,69</span><span class=\"stl_257 stl_16 stl_285\">2</span><span class=\"stl_261 stl_16 stl_285\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4553em;top:22.6928em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_524\">9,</span><span class=\"stl_257 stl_16 stl_74\">0</span><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_344\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3185em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.0321em;\">Total share-based payment expensed, cf. note </span><span class=\"stl_257 stl_16 stl_329\" style=\"word-spacing:-0.0321em;\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6646em;top:24.3185em;\"><span class=\"stl_261 stl_16 stl_561\">49,</span><span class=\"stl_257 stl_16 stl_200\">28</span><span class=\"stl_261 stl_16 stl_200\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4778em;top:24.3185em;\"><span class=\"stl_261 stl_16 stl_667\">57,65</span><span class=\"stl_257 stl_16 stl_667\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:25.9497em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">Restricted stock units converted to cash bonus at exercise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.384em;top:25.9497em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.174em;top:25.9497em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_151\">795</span><span class=\"stl_255 stl_20 stl_151\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:27.5697em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0363em;\">Non-cash adjustment in cash flow statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6653em;top:27.5697em;\"><span class=\"stl_261 stl_16 stl_561\">49,</span><span class=\"stl_257 stl_16 stl_200\">28</span><span class=\"stl_261 stl_16 stl_200\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4134em;top:27.5697em;\"><span class=\"stl_261 stl_16 stl_76\">56,</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_158\">57 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7454em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_414\" style=\"word-spacing:0.0035em;\">Note 31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7454em;top:6.8268em;\"><span class=\"stl_560 stl_57 stl_514\" style=\"word-spacing:0.0025em;\">Contingent liabilities and other contractual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7454em;top:8.1602em;z-index:92;\"><span class=\"stl_560 stl_57 stl_14\">obligations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.735em;top:10.2795em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2106em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0075em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:11.9583em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Collaborative agreements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:12.9858em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Contractual obligations with research (CRO) and manufacturing (CMO) partners for long- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">term research projects. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.3606em;top:14.8408em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">\u2013 Due within </span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">1 </span><span class=\"stl_255 stl_20 stl_326\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.4737em;top:14.8408em;\"><span class=\"stl_268 stl_20 stl_125\">260</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">082 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2837em;top:14.8408em;\"><span class=\"stl_268 stl_20 stl_304\">131</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">865 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7356em;top:16.4445em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Sales milestone to GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:17.2833em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">The Asset Purchase Agreement with GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:18.1164em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">regarding the acquisition of the product rights to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:18.9495em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Rabipur/RabAvert and Encepur includes a sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:19.7827em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">stone of EUR 25 million. As per December 31, 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:20.6158em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Management does not judge the sales milestone to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:21.4489em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">be probable and therefore the sales milestone has not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:22.282em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">been recognized as either part of the product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:23.1152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">(note 15) nor the deferred consideration for product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:23.9483em;\"><span class=\"stl_255 stl_20 stl_604\" style=\"word-spacing:-0.0135em;\">rights (note 24). \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7356em;top:25.6095em;\"><span class=\"stl_261 stl_16 stl_397\" style=\"word-spacing:-0.0335em;\">License and collaboration agreement AdaptVac \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:26.4483em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Under the license and collaboration agreement with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:27.2814em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">AdaptVac the Company has an obligation of payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:28.1145em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">of potential future development and sales milestones \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:28.9477em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">and tiered royalties. Based on current regulatory plans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:29.7808em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">and expectations for future sale of the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:30.6139em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">COVID-19 vaccine all sales milestones and part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:31.447em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">development milestones are deemed probable as per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:32.2802em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">December 31, 2022 and the net present value of those \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:33.1133em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">future milestone payments have been recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:33.9464em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0324em;\">deferrred consideration, see further description in note \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7487em;top:16.4464em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">24. The remaining developement milestones related to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:17.2795em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">filing for approval in further countries are not deemed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:18.1127em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">likely and therefore not recognized. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7487em;top:19.7739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">Agreement with Danish Ministry of Health \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:20.6127em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Under the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:21.4458em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Health to fund the development of ABNCoV2 the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:22.2789em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Company has an obligation of payment of an additional, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:23.112em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">capped royalty payment if the sales reach a certain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:23.9452em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">threshold. Based on current sales forecasts this addi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:24.7783em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">tional royalty payment is not deemed likely and there- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:25.6114em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">fore not recognized. If the payment becomes current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:26.4445em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">it will be recognized as a financial expense as the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:27.2777em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">additional royalty payment is seen as an extra interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:28.1108em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">payment. The cap for the additional royalty payment is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:28.9439em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">a fixed amount, calculated as a percentage of the loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:29.777em;\"><span class=\"stl_255 stl_20 stl_412\">amount. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7039em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">License agreements National Cancer Institute \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">The Group has license agreements with the National \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Cancer Institute (NCI) and Public Health Service (PHS) in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the U.S. for PROSTVAC, CV301 and BN-Brachyury, respec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">tively. The agreements include contingent liabilities for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the Group to pay performance-based royalties, if and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">when certain milestone events are achieved. Further, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the agreements include potential contingent liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">for the Group to pay additional sublicensing royalties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">on the fair market value of consideration received, if \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">and when the Group grants such sublicenses. Payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:19.3833em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">considered remote are not included in the amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:20.2164em;\"><span class=\"stl_255 stl_20 stl_235\">above. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.717em;top:10.2108em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Company mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:11.0495em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The Company has by letter of indemnity granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:11.8827em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Nordea a floating charge on unsecured claims arising \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:12.7158em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">from the sale of goods and services and stocks of raw \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:13.5489em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">materials, intermediate products and finished products, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:14.382em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">DKK 150 million (DKK 150 million). The floating charge \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:15.2152em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">secures the operating credit line of DKK 20 million and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:16.0483em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">the line for trading in financial instruments, DKK 50 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:16.8814em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0251em;\">million (DKK 50 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:21.717em;top:18.5427em;\"><span class=\"stl_261 stl_16 stl_60\">Lawsuits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:19.3814em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Based on management's assessment the Group is not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:20.2145em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">involved in any lawsuits or arbitration cases which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:21.0477em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">could have a material impact on the Group's financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:21.8808em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">position or results of operations. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_432\" style=\"word-spacing:0.0085em;\">Note 32 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_164\" style=\"word-spacing:0.0058em;\">Significant events after the balance sheet date \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7295em;top:10.2139em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">On February 15, 2023, the Company announced an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7295em;top:11.047em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">update on its late-stage pipeline programs. The anal- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7295em;top:11.8802em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">ysis of data from the completed Phase 3 trial of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7295em;top:12.7133em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0253em;\">RSV vaccine candidate, MVA-BN</span><sup style=\"top: -0.2025em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0227em;\">RSV, is progressing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">according to plan and topline results from the study \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">are still anticipated in mid-2023. In the Phase 3 trial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">of the COVID-19 booster vaccine candidate, ABNCoV2, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">the recruitment of subjects \u226565 years of age is taking \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">longer than anticipated, pushing the expected comple- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">tion of enrollment into the second quarter of 2023 with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0255em;\">topline results now anticipated around mid-2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:20.2177em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">On February 15, 2023, the Company announced an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:21.0508em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">agreement with Emergent BioSolutions Inc. to acquire \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:21.8839em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">two marketed travel vaccines, Vivotif</span><sup style=\"top: -0.2065em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">for the preven- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:22.7187em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">tion of typhoid fever and Vaxchora</span><sup style=\"top: -0.2079em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0349em;\">against cholera as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:23.552em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0269em;\">well as a Phase 3 vaccine candidate for the prevention \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7427em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">of Chikungunya virus for a total consideration of up to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">USD 380 million, including USD 270 million in an upfront \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">payment and up to USD 110 million in future conditional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">milestone payments. The acquisition also includes facil- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">ities and key personnel related to the acquired assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">On February 20, 2023, The Company announced \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">successful completion of a directed issue and private \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">placement of 7,046,839 new shares at an offer price of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">DKK 233 per share, raising gross proceeds of DKK 1,642 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_454\">million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:20.2177em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0255em;\">Except as noted above, there have been no significant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:21.0508em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">events between December 31, 2022 and the date of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:21.8839em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">approval of these financial statements that would \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:22.717em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">require a change to or additional disclosure in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:23.5502em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">financial statements. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:27.6102em;\"><span class=\"stl_598 stl_36 stl_414\" style=\"word-spacing:0.0035em;\">Note 33 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.6287em;\"><span class=\"stl_560 stl_57 stl_294\" style=\"word-spacing:0.006em;\">Approval of the consolidated financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:32.1852em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">The consolidated financial statements were approved \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:33.0183em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">by the Board of Directors and Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:33.8514em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">and authorized for issue on March 2, 2023. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7143em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_414\" style=\"word-spacing:0.0035em;\">Note 31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7143em;top:6.8268em;\"><span class=\"stl_560 stl_57 stl_514\" style=\"word-spacing:0.0025em;\">Contingent liabilities and other contractual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7143em;top:8.1602em;z-index:68;\"><span class=\"stl_560 stl_57 stl_14\" style=\"word-spacing:-0.0032em;\">obligations </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2162": {
   "value": "<div class=\"stl_01\" style=\"left:21.7325em;top:10.1676em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0343em;\">Implementation of new and revised standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0008em;\"><span class=\"stl_261 stl_16 stl_409\">interpretations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8395em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">Management has assessed the impact of new or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.6726em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">amended and revised accounting standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5058em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">interpretations (IFRSs) issued by the IASB and IFRSs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3389em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">endorsed by the European Union effective on or after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.172em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">January 1, 2022. It is assessed that application of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0051em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">amendments effective from January 1, 2022 has not had \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">a material impact on the consolidated</span></div><div class=\"stl_01\" style=\"left:32.292em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.6714em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">ments for 2022. Furthermore, Management does not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5045em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">anticipate any significant impact on future periods from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3376em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0351em;\">the adoption of these amendments. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2159": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:10.1708em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0341em;\">Basis of preparation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">The consolidated financial statements for Bavarian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">Nordic have been prepared in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">International Financial Reporting Standards (IFRS) as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">adopted by the EU and Danish disclosure requirements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">for the consolidated financial statements of listed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1751em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">companies. Danish disclosure requirements for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">presentation of consolidated financial statements are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8414em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">imposed by the Statutory Order on Adoption of IFRS \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6745em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">issued under the Danish Financial Statements Act. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">The accounting policies are unchanged from last year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">except for changes due to implementation of new and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">revised standards that were effective January 1, 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6745em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">The consolidated financial statements are presented in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Danish kroner (DKK), which is the functional currency of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3408em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0224em;\">the parent company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.0076em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">The consolidated financial statements are presented on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8408em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">a historical cost basis, apart from derivative financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6739em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">instruments, securities and liability relating to phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.507em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">shares, which are measured at fair value. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1739em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">The accounting policies have been consistently applied \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.007em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">for the financial year and for the comparative figures \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8401em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">except for implementation of new standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6733em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">amendments, see further below. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.3401em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">In the narrative sections of the consolidated financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.1733em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">statements comparative figures for 2021 are shown in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.0064em;\"><span class=\"stl_255 stl_20 stl_350\">brackets. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2160": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:10.1708em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0341em;\">Basis of preparation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">The consolidated financial statements for Bavarian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">Nordic have been prepared in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">International Financial Reporting Standards (IFRS) as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">adopted by the EU and Danish disclosure requirements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">for the consolidated financial statements of listed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1751em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">companies. Danish disclosure requirements for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">presentation of consolidated financial statements are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8414em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">imposed by the Statutory Order on Adoption of IFRS \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6745em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">issued under the Danish Financial Statements Act. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">The accounting policies are unchanged from last year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">except for changes due to implementation of new and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">revised standards that were effective January 1, 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6745em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">The consolidated financial statements are presented in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Danish kroner (DKK), which is the functional currency of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3408em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0224em;\">the parent company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.0076em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">The consolidated financial statements are presented on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8408em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">a historical cost basis, apart from derivative financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6739em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">instruments, securities and liability relating to phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.507em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">shares, which are measured at fair value. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1739em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">The accounting policies have been consistently applied \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.007em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">for the financial year and for the comparative figures \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8401em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">except for implementation of new standards and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6733em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">amendments, see further below. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.3401em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">In the narrative sections of the consolidated financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.1733em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">statements comparative figures for 2021 are shown in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.0064em;\"><span class=\"stl_255 stl_20 stl_350\">brackets. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2161": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:22.6745em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">The consolidated financial statements are presented in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Danish kroner (DKK), which is the functional currency of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3408em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0224em;\">the parent company. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2164": {
   "value": "<div class=\"stl_01\" style=\"left:55.7488em;top:15.9908em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">Foreign currency translation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:16.8295em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">On initial recognition, transactions denominated in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:17.6626em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">currencies other than the Group\u2019s functional currency \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:18.4958em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">are translated at the exchange rate ruling at the trans- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:19.3289em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">action date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:20.9958em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">Receivables, payables and other monetary items \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:21.8289em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">denominated in foreign currencies that have not been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:22.662em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">settled at the balance sheet date are translated at the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:23.4951em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">exchange rates at the balance sheet date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:25.162em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">Exchange differences between the exchange rate at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:25.9951em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the date of the transaction and the exchange rate at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:26.8283em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">the date of payment or the balance sheet date, respec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:27.6614em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">tively, are recognized in the income statement under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:28.4945em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">financials. Property, plant and equipment and intan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:29.3276em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">gible assets, inventories and other nonmonetary assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:30.1608em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">acquired in foreign currency and measured based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:30.9939em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">historical cost are translated at the exchange rates at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:31.827em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">the transaction date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:33.4939em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">On recognition in the consolidated financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:34.327em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">ments of subsidiaries whose financial statements are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:35.1601em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">presented in a functional currency other than Danish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:35.9933em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">kroner (DKK), the income statements are translated at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7488em;top:36.8264em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the average exchange rates of the respective months. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1764em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">Balance sheet items are translated at the exchange \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0095em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">rates at the balance sheet date. Exchange differences \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8426em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">arising on the translation of foreign subsidiaries\u2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.6758em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">opening balance sheet items to the exchange rates at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5089em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">the balance sheet date and on the translation of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.342em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">income statements from average exchange rates of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1751em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">respective months to exchange rates at the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0083em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">sheet date are recognized as other comprehensive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8414em;\"><span class=\"stl_255 stl_20 stl_87\">income. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2163": {
   "value": "<div class=\"stl_01\" style=\"left:38.7407em;top:29.3264em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Basis of consolidation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:30.1651em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The consolidated financial statements include Bavarian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:30.9983em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Nordic </span><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">A/S</span><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\"> and the subsidiaries in which the Group</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:31.8314em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">holds more than 50% of the voting rights or otherwise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:32.6645em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0244em;\">has control. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1055": {
   "value": "A/S",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2166": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:18.5026em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0383em;\">Segment reporting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3414em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">The Group does not prepare segment reporting inter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1745em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">nally and therefore only reports one operating segment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0076em;\"><span class=\"stl_255 stl_20 stl_103\">externally. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6745em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">Geographic spilt of revenue and revenue from major \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5076em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">customers is disclosed in note 3 to the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3408em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">financial statements. Geographic location of noncurrent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.1739em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">assets is disclosed in note 15 and 16 to the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.007em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">financial statements. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2167": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:27.6683em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Cash flow statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.507em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">The cash flow statement is prepared in accordance with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.3401em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">the indirect method on the basis of the Group\u2019s net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1733em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0202em;\">result for the year. The statement shows the Group\u2019s \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.0064em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">cash flows broken down into operating, investing and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8395em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">financing activities, cash and cash equivalents at year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6726em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">end and the impact of the calculated cash flows on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.5058em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">Group\u2019s cash and cash equivalents. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.1726em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Cash flows in foreign currencies are translated into \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.0058em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Danish kroner (DKK) at the exchange rate on the trans- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.8389em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">action date. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.172em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">In the cash flows from operating activities, net profit for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0051em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">the year is adjusted for non-cash operating items and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8383em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0359em;\">changes in working capital. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5051em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Cash flows from investing activities include cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3383em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">from the purchase and sale of intangible assets, prop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.1714em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">erty, plant and equipment, investments and securities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8383em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">Cash flows from financing activities include cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.6714em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">from the raising and payment of loans and capital \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5045em;\"><span class=\"stl_255 stl_20 stl_91\">increases. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.1714em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">Additionally, cash flows from assets held under finance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.0045em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">leases are recognized by way of lease payments made. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2169": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_601\" style=\"word-spacing:0.0028em;\">Significant accounting estimates and judgments \u00a0</span></div><div class=\"stl_01\" style=\"left:6.3911em;top:9.9916em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0384em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">In the preparation of the consolidated financial state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8715em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ments, Management makes a number of accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.7046em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">estimates, which form the basis for the presentation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5378em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">recognition and measurement of the Group's assets and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3709em;\"><span class=\"stl_255 stl_20 stl_263\">liabilities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0378em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">The recognition and measurement of assets and liabil- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8709em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">ities often depend on future events that are somewhat \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.704em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">uncertain. In that connection, it is necessary to assume \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.5371em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">a course of events that reflects Management\u2019s assess- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3703em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">ment of the most probable course of events. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0371em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">The key accounting estimates identified are those that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8703em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">have a significant risk of resulting in a material adjust- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.7034em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">ment to the measurement of assets and liabilities in \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.0365em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">the following reporting period. Management bases its \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8696em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">estimates on historical experience and various other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.7028em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">assumptions that are held to be reasonable under the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5359em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">circumstances. The estimates and underlying assump- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.369em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">tions are reviewed on an ongoing basis. If necessary, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.2021em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">changes are recognised in the period in which the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0353em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">estimate is revised. Management considers the key \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8684em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">accounting estimates to be reasonable and appropriate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.7015em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">based on currently available information. The actual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5346em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">amounts may differ from the amounts estimated as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3678em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">more detailed information becomes available. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.0346em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Management has made the following accounting esti- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8678em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">mates which significantly affect the amounts recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.7009em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">nized in the consolidated financial statements: \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.035em;\">Accounting policy \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0323em;\">Key accounting estimates and judgements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.0557em;top:25.066em;\"><span class=\"stl_261 stl_16 stl_201\">Note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.756em;\"><span class=\"stl_255 stl_20 stl_32\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:26.756em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Estimate of US sales deductions and provisions for sales rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0888em;top:26.756em;\"><span class=\"stl_268 stl_20 stl_18\">3</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.7779em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:27.7779em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Estimate regarding impairment of assets; assessment whether future sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.7782em;top:27.7773em;\"><span class=\"stl_268 stl_20 stl_335\">15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:28.611em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">and development milestones have become probably; assessment whether \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:29.4442em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">development costs should be expensed or capitalized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.466em;\"><span class=\"stl_255 stl_20 stl_96\">Inventories \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:12.2269em;top:30.466em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">Estimate of indirect production costs capitalized and inventory write-down \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.775em;top:30.466em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.3324em;top:10.5216em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5628em;\"><span class=\"stl_261 stl_16 stl_256\" style=\"word-spacing:-0.0359em;\">Provisions for sales deductions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.4016em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">Sales discounts and rebates are predominantly issued \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2347em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">in the US in connection with the US Federal and State \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0678em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">Government Healthcare programs, namely Medicare \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.9009em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">and Medicaid, and commercial rebates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5678em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">The estimate of sales discounts and rebates is based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.4009em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">a calculation which includes a combination of historical \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.2341em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">utilization data, combined with expectations in relation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0672em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">to the development in sales and utilization. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.9003em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">more, specific circumstances regarding the different \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7334em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programs are considered. The obligations concerning \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5666em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">sales discounts and rebates are incurred at the time the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3997em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">sale is recorded. However, the actual discount or rebate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2328em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">related to a specific sale may be invoiced later. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8997em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Bavarian Nordic considers the provisions established \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7328em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">for sales discounts and rebates to be reasonable and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5659em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">appropriate based on currently available information. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3991em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">However, the actual amount of discounts and rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2322em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">may differ from the amounts estimated as more \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0653em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">detailed information becomes available. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7783em;top:11.5597em;\"><span class=\"stl_261 stl_16 stl_17\" style=\"word-spacing:-0.0409em;\">Partner contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:12.3984em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Whether a component of a multiple element contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:13.2316em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">has value to the partner on a stand-alone basis is based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:14.0647em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">on an assessment of specific facts and circumstances \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:14.8978em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">and is associated with judgement. This applies also to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:15.7309em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">the assessment of whether a license transfers rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:16.5641em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">associated with ownership of an intangible asset. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:17.3972em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Furthermore, allocation of the total consideration of a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:18.2303em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">contract to separately identifiable components requires \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:19.0634em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">considerable estimates and judgement to be made by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:19.8966em;\"><span class=\"stl_255 stl_20 stl_205\">Management. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:21.5634em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">At inception and throughout the life of a contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:22.3966em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">Management is performing an analysis of the agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:23.2297em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">ment with its partners based on available facts and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:24.0628em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">circumstances at each assessment date such as histor- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:24.8959em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">ical experience and knowledge from the market to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:25.7291em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">extent obtainable. This includes also an understanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:26.5622em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">of the purpose of the deliverables under the contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:27.3953em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">and the negotiation taken place prior to concluding the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:28.2284em;\"><span class=\"stl_255 stl_20 stl_297\">contract. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.3141em;top:10.3531em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:11.3943em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0378em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:12.2331em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0356em;\">When determining the amortization period for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:13.0662em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">acquired product rights, Management need to make \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:13.8993em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">an assessment of expected useful economic life. In the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:14.7324em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">assessment Management take among other things the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:15.5656em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">following components into consideration: The maturity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:16.3987em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0353em;\">of the products acquired, development in the market the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:17.2318em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.031em;\">acquired products are targeting, the current competitors, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:18.0649em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0332em;\">clinical development of new competing products and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:18.8981em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0343em;\">entry barriers to the market due to advanced production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:19.7312em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0313em;\">technology. Straight-line amortization reflects the use \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:20.5643em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">and impairment of the product rights. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:22.2312em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0319em;\">Management continuously updates the valuation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:23.0643em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0365em;\">model used when acquiring the product rights from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:23.8974em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0318em;\">GlaxoSmithKline to assess the value creation expected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:24.7306em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">from the acquisition. The latest update of the valuation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:25.5637em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0299em;\">model shows a value above the net present value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:26.3968em;\"><span class=\"stl_255 stl_20 stl_220\" style=\"word-spacing:-0.0272em;\">purchase price, hence there is no indications of impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:27.2299em;\"><span class=\"stl_255 stl_20 stl_105\">ment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:28.8968em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0327em;\">As per December 31, 2022 Management still judge that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:29.7299em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0354em;\">the sales milestone of EUR 25 million included in Asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:30.5631em;\"><span class=\"stl_255 stl_20 stl_473\" style=\"word-spacing:-0.0277em;\">Purchase Agreement is not probable and therefore the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:31.3962em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">present value has not been added to the cost of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:32.2293em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0385em;\">product rights. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.3324em;top:10.3531em;\"><span class=\"stl_602 stl_16 stl_217\" style=\"word-spacing:-0.0309em;\">Significant accounting judgments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.3999em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">Management has made the following accounting judg- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.2331em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0336em;\">ment which significantly affect the amounts recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.0662em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">in the consolidated financial statements: \u00a0</span></div><div class=\"stl_01\" style=\"left:41.344em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6696em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_73\">Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.054em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2746em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.04em;\">rights and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6721em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_380\">intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2696em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:1.0869em;\">Product development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.139em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.034em;\">assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:13.6738em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.8015em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_330\">rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0115em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_199\" style=\"word-spacing:-0.029em;\">in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.3209em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_506\">Software \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1777em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_78\">progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9784em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:15.3582em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8571em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_307\">458</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_242\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.074em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_125\">733</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_130\">770 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7877em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_432\">100</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_246\">385 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.534em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_176\">134</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_324\">371 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7921em;top:15.3582em;z-index:306;\"><span class=\"stl_268 stl_20 stl_18\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_625\">427</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_238\">226 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.1427em;top:16.38em;z-index:327;\"><span class=\"stl_268 stl_20 stl_299\">279</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">714 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.4421em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_472\">006 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5459em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_51\">142</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_26\">691 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2846em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_310\">425</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_588\">411 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9971em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.4327em;top:17.4019em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_200\">572 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9609em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">572</span><span class=\"stl_255 stl_20 stl_294\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1702em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9971em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9752em;top:18.4238em;\"><span class=\"stl_268 stl_20 stl_524\">131 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4459em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.424em;top:18.4238em;\"><span class=\"stl_268 stl_20 stl_524\">131 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0251em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6352em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3821em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_564\">01</span><span class=\"stl_261 stl_16 stl_234\">3,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6228em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_308\">10</span><span class=\"stl_261 stl_16 stl_65\">6,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3715em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_626\">74,49</span><span class=\"stl_257 stl_16 stl_626\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5477em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_76\">6,</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_282\">,76</span><span class=\"stl_257 stl_16 stl_282\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Amortization as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3477em;top:21.0713em;\"><span class=\"stl_268 stl_20 stl_445\">545</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_277\">870 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1346em;top:21.0713em;z-index:546;\"><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_344\">400 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2477em;top:21.0713em;\"><span class=\"stl_268 stl_20 stl_298\">623</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_26\">270 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_330\">Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3509em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1352em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_249\">13</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_332\">908 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.214em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_492\">286</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2715em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2915em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7402em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Amortization as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.1815em;top:24.1313em;\"><span class=\"stl_257 stl_16 stl_179\">818</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_326\">80</span><span class=\"stl_261 stl_16 stl_326\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9884em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0084em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_158\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4371em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1771em;top:24.1313em;z-index:699;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_292\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6552em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_294\">4,639,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3809em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_564\">01</span><span class=\"stl_261 stl_16 stl_234\">3,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0177em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_342\">4,76</span><span class=\"stl_257 stl_16 stl_342\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3709em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_626\">74,49</span><span class=\"stl_257 stl_16 stl_626\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5465em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_566\">5,94</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_133\">,637 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:27.3825em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0369em;\">Geographical split of intangible assets \u2013 </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:28.41em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7696em;top:28.41em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_605\">941</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_319\">664 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:29.4319em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3809em;top:29.4319em;\"><span class=\"stl_268 stl_20 stl_76\">973 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">Total intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5465em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_566\">5,94</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_133\">,637 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7459em;top:10.1557em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0378em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:10.9944em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">December 31, 2019 the Company acquired the product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:11.8275em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">rights to two commercial products owned by Glax- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:12.6607em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.024em;\">oSmithKline - Rabipur/RabAvert and Encepur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:13.4938em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">The products have been on the market for more than \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:14.3269em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">20 years. There is no need to further develop the prod- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:15.16em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">ucts. Management assesses that it will require up to 10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:15.9932em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">years of clinical development for competitors to bring \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:16.8263em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">a new competing product to the market likewise the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:17.6594em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">production process required to produce these products \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:18.4925em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">is highly complex. Based on these factors Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:19.3257em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">assesses that the acquired product rights should be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:20.1588em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">amortized over 20 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:21.8257em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">The acquisition price for the two product rights consists \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:22.6588em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">of the upfront payment and the present value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:23.4919em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">milestone payments included in the Asset Purchase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:24.325em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Agreement with GlaxoSmithKline. The milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:25.1582em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">payments relate to transfer and re-registration of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:25.9913em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">marketing authorizations, technology transfer of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:26.8244em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">different steps of the production and packaging activi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:27.6575em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ties as well as a milestone payment when all services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:28.4907em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">agreed to be rendered has been completed. The Asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:29.3238em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Purchase Agreement specifies the above milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:30.1569em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">payments for each product. In total EUR 470 million. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:30.99em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Asset Purchase Agreement also includes a sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:31.8232em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">stone of EUR 25 million. The sales milestone is related \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:32.6563em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">to the total revenue of the two products. Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:33.4894em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment deems it unlikely that the sales milestone will \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:34.3225em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">be trickered, hence the sales milestone has not been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:35.1557em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">recognized as part of the asset nor the deferred consid- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:35.9888em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">eration as per December 31, 2021. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Deferred consideration for the acquired product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">are described in note 24. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:12.7133em;\"><span class=\"stl_261 stl_16 stl_328\" style=\"word-spacing:-0.0318em;\">Acquired rights and development in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">In July 2020, the Company concluded a license and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">collaboration agreement with AdaptVac. The license \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0325em;\">agreement provides Bavarian Nordic the global \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">commercialization rights to a COVID-19 vaccine candi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">date based on AdaptVac\u2019s technology. Under the terms \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the agreement AdaptVac has been responsible for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">running a Phase 1/2 open label, dose-escalation trial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">sponsored by Radhould University Medical Center. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Company has assumed the responsibility for the further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.039em;\">clinical development and manufacturing. At commence- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8833em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment of the positive Phase 2 trial the Company started \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.7164em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">capitalization of directly related development cost as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5495em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the feasibility of developing a final vaccine and obtain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3827em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0278em;\">regulatory approval is considered highly likely, see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.2158em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">further description under \"Significant accounting judge- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.0489em;\"><span class=\"stl_255 stl_20 stl_323\">ments\". \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.7158em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">The Company made an upfront payment of EUR 4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.5489em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">million to AdaptVac in 2020 when the license agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.382em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ment was signed. The upfront payment was capitalized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.2152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">and recognized as \"Acquired rights and development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.0483em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0257em;\">in progress\". The Company has also committed to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8814em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">payment of potential future development and sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.7145em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0233em;\">milestones and tiered royalties. At year-end 2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.5477em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Management assessed that those milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.3808em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">were not probable since no in-human studies had \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.2139em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">completed, hence milestone payments were not recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.047em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">nized as an asset and a liability as per December 31, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.8802em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">2020. Based on the positive clinical results during 2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:37.7133em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0259em;\">Management assessed at year-end 2021 that the like- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:38.5464em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">lihood of future regulatory approval of the Company's \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.2133em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">COVID-19 vaccine was high, hence milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0464em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0308em;\">to AdaptVac were expected to become payable. Based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8795em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">on current regulatory plans and expectations for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.7127em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">revenue from sale of the COVID-vacine all sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5458em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">stones and part of the development milestones were \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3789em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">assumed probable. At initial recognition in December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.212em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">2021 the net present value of the probable milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">payments was calculated amounting to DKK 596 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8783em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">million, and was recognized as part of the \"Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.7114em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">rights and development in progress\". A corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5445em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">liability was been recognized as deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3777em;\"><span class=\"stl_255 stl_20 stl_171\" style=\"word-spacing:0.0037em;\">(note 24). \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:21.0389em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.0339em;\">Intangible assets in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8777em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">Rabipur/RabAvert and Encepur are currently manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.7108em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">factured by GlaxoSmithKline and the basis of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.5439em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">technology transfer to Bavarian Nordic is an as-is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.377em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">transfer of the current manufacturing process. This \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.2102em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">transfer will be a staged process, starting with pack- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.0433em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">aging then filling and ending with the transfer of bulk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.8764em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">manufacturing. The Company will incur material costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.7095em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">in terms of internal labour and consultancy to handle \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.5427em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">the technology transfer and gain crucial knowledge \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3758em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">about the manufacturing process. These costs will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.2089em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">capitalized as an intangible asset. As per December 31, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.042em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">2022 the capitalized costs amounts to DKK 255.3 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.8752em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">(DKK 125.2 million), recognized as intangible assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.7083em;\"><span class=\"stl_255 stl_20 stl_78\">progress. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.3752em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">As part of the development plan for ABNCoV2 the filling \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.2083em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">process at Kvistgaard need to be scaled up to handle \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.0414em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">production for commercial launch. Cost related to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.8745em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">scale up activities are recognized as part of intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:37.7077em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">assets in progress with an amount of DKK 14.2 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:38.5408em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.02em;\">(DKK 3.6 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:57.3403em;top:15.4779em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.5247em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Production overheads are measured on the basis of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.3578em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">actual costs. The basis of the actual costs is reassessed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:18.1909em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">regularly to ensure that they are adjusted for changes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.0241em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">in the utilization of production capacity, production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.8572em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">changes and other relevant factors. Biological living \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.6903em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">material is used, and the measurements and assump- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5234em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">tions for the estimates made may be incomplete or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.3566em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">inaccurate, and unexpected events or circumstances \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1897em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">may occur, which may cause the actual outcomes to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0228em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">later deviate from these estimates. It may be necessary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8559em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">to change previous estimates as a result of changes in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6891em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">the assumptions on which the estimates were based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5222em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">or due to new information or subsequent events, for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3553em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">which certainty could not be achieved in the earlier \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1884em;\"><span class=\"stl_255 stl_20 stl_91\">estimates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8553em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Estimates that are material to the financial reporting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:30.6884em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">are made in the determination of any impairment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5216em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">inventories as a result of 'out-of-specification' products, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:32.3547em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0397em;\">expiry of products and sales risk. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.3403em;top:22.9779em;\"><span class=\"stl_602 stl_16 stl_217\" style=\"word-spacing:-0.0309em;\">Significant accounting judgments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0247em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Management has made the following accounting judg- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8578em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">ment which affect the recognition in the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6909em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">financial statements: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3578em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">Management assesses a high likelyhood of regula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1909em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">tory approval of the vaccine, hence assumes that the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.0241em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">already received milestone payments and the mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8572em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">stone payments to be received in the comming year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:30.6903em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">will be repaid in either supply of vaccines or royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5234em;\"><span class=\"stl_255 stl_20 stl_454\">payments. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2185": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_325\">Revenue \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0735em;top:10.2008em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.0753em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Sale of goods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.914em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Revenue from sale of goods is recognized when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7472em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">Bavarian Nordic has transferred control of products sold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5803em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">to the buyer and it is probable that Bavarian Nordic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.4134em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">will collect the consideration to which it is entitled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2465em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">for transferring the products. Control of the products \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.0797em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">is transferred at a point in time, typically on delivery. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.9128em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">The amount of sales to be recognized is based on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.7459em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">consideration Bavarian Nordic expects to receive in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.579em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">exchange for its goods. When sales are recognized, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.4122em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Bavarian Nordic also records estimates for a variety of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.2453em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">sales deductions, including product returns as well as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0784em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">rebates and discounts to government agencies, whole- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.9115em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">salers, health insurance companies, managed health- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7447em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">care organisations and retail customers. Revenue is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.5778em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">measured net of value added tax, duties, etc. collected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.4109em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">on behalf of a third party. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0778em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Where contracts contain customer acceptance criteria, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.9109em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Bavarian Nordic recognizes sales when the acceptance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.744em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">criteria are satisfied. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.4109em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">Where absolute amounts are known, the rebates are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.244em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">recognized as other liabilities. Wholesaler charge-backs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0772em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">are netted against trade receivable balances. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.744em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">The pricing mechanisms in the US market and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.5772em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">different kind of rebates are described below. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:35.2372em;\"><span class=\"stl_599 stl_57 stl_256\" style=\"word-spacing:-0.0362em;\">Pricing mechanisms in the US market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.0772em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">In the US, sales rebates are paid in connection with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.9103em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">government and commercial programmes. Key \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.0772em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">customers in the US include private payers, Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.9103em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Purchasing Organizations (GPOs) and government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7434em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">payers. GPOs play a role in negotiating price conces- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5765em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">sions with drug manufacturers for the commercial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.4097em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">channels, and determine which drugs are offered as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.2428em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">preferred options on their drug lists. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:26.9009em;\"><span class=\"stl_599 stl_57 stl_510\" style=\"word-spacing:-0.0387em;\">Wholesaler charge-backs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.7409em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">Wholesaler charge-backs relate to contractual arrange- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.574em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">ments between Bavarian Nordic and indirect customers \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.4072em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">whereby products are sold at contract prices lower \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.2403em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">than the list price originally charged to wholesalers. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.0734em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">A wholesaler charge-back represents the difference \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.9065em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">between the invoice price to the wholesaler and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:32.7397em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">indirect customer\u2019s contract price. Accruals are calcu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:33.5728em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">lated for estimated charge-backs using a combination \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:34.4059em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">of factors such as historical experience, current whole- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:35.239em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">saler inventory levels, contract terms and the value of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:36.0722em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">claims received but not yet processed. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:16.9028em;\"><span class=\"stl_599 stl_57 stl_409\" style=\"word-spacing:-0.0324em;\">US Medicaid &amp; Medicare rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7428em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Medicaid &amp; Medicare are government insurance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5759em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programmes. Medicaid and Medicare rebates have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.409em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">been estimated using a combination of historical expe- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.2422em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">rience, product and population growth, price increases, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.0753em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">and the impact of contracting strategies. The calcula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.9084em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">tion also involves interpretation of relevant regulations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.7415em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">that are subject to changes in interpretative guidance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.5747em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">from government authorities. Bavarian Nordic adjusts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.4078em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">the provision periodically to reflect actual sales perfor- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.2409em;\"><span class=\"stl_255 stl_20 stl_108\">mance. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:11.579em;\"><span class=\"stl_599 stl_57 stl_205\" style=\"word-spacing:-0.0351em;\">Other discounts and sales returns \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.419em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Other discounts are provided to wholesalers, hospi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">tals, pharmacies, etc. They are usually linked to sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">volume or provided as cash discounts. Accruals are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">calculated based on historical data and recorded as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">reduction in gross sales at the time the related sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">are recorded. Sales returns are related to damaged or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.4177em;\"><span class=\"stl_255 stl_20 stl_412\" style=\"word-spacing:-0.037em;\">expired products. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:19.079em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Sale of services and licenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.9177em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">Furthermore, revenue comprises the fair value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.7508em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">consideration received or receivable for income derived \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.584em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">from development services where revenue is measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.4171em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">at the expected net sales price. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.084em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Sales of licenses that transfer the rights associated with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.9171em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ownership of intellectual property are recognized at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.7502em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">a point in time when control is transferred. Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.5833em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">from development services and licenses that do not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.4165em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">transfer the right of ownership to intellectual property \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.2496em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">are recognized over time in line with the execution and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.0827em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.035em;\">delivery of the work. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.5827em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0327em;\">Agreements with commercial partners generally \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.4158em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">include non-refundable upfront license and collabora- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.249em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">tion fees, milestone payments, the receipt of which is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.0821em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">dependent upon the achievement of certain clinical, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.9152em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">regulatory or commercial milestones, as well as royal- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.7483em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">ties on product sales of licensed products, if and when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.5815em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">such product sales occur, and revenue from the supply \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.4146em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">of products. For these agreements that include multiple \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.2477em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">elements, total contract consideration is attributed to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.0808em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">separately identifiable components on a reliable basis \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.914em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">that reasonably reflects the selling prices that might be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.7471em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0358em;\">expected to be achieved in stand-alone transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5802em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">provided that each component has value to the partner \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.4133em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">on a stand-alone basis. The allocated consideration is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2465em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">recognized as revenue in accordance with the principles \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0796em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">described above. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.3324em;top:10.5216em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5628em;\"><span class=\"stl_261 stl_16 stl_256\" style=\"word-spacing:-0.0359em;\">Provisions for sales deductions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.4016em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">Sales discounts and rebates are predominantly issued \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2347em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">in the US in connection with the US Federal and State \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0678em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">Government Healthcare programs, namely Medicare \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.9009em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">and Medicaid, and commercial rebates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5678em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">The estimate of sales discounts and rebates is based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.4009em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">a calculation which includes a combination of historical \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.2341em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">utilization data, combined with expectations in relation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0672em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">to the development in sales and utilization. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.9003em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">more, specific circumstances regarding the different \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7334em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programs are considered. The obligations concerning \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5666em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">sales discounts and rebates are incurred at the time the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3997em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">sale is recorded. However, the actual discount or rebate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2328em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">related to a specific sale may be invoiced later. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8997em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Bavarian Nordic considers the provisions established \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7328em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">for sales discounts and rebates to be reasonable and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5659em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">appropriate based on currently available information. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3991em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">However, the actual amount of discounts and rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2322em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">may differ from the amounts estimated as more \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0653em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">detailed information becomes available. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7783em;top:11.5597em;\"><span class=\"stl_261 stl_16 stl_17\" style=\"word-spacing:-0.0409em;\">Partner contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:12.3984em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Whether a component of a multiple element contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:13.2316em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">has value to the partner on a stand-alone basis is based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:14.0647em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">on an assessment of specific facts and circumstances \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:14.8978em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">and is associated with judgement. This applies also to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:15.7309em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">the assessment of whether a license transfers rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:16.5641em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">associated with ownership of an intangible asset. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:17.3972em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Furthermore, allocation of the total consideration of a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:18.2303em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">contract to separately identifiable components requires \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:19.0634em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">considerable estimates and judgement to be made by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:19.8966em;\"><span class=\"stl_255 stl_20 stl_205\">Management. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:21.5634em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">At inception and throughout the life of a contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:22.3966em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">Management is performing an analysis of the agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:23.2297em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">ment with its partners based on available facts and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:24.0628em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">circumstances at each assessment date such as histor- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:24.8959em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">ical experience and knowledge from the market to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:25.7291em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">extent obtainable. This includes also an understanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:26.5622em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">of the purpose of the deliverables under the contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:27.3953em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">and the negotiation taken place prior to concluding the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7783em;top:28.2284em;\"><span class=\"stl_255 stl_20 stl_297\">contract. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7243em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_37\" style=\"word-spacing:0.0137em;\">Revenue </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2795em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">MVA-BN smallpox vaccine sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9744em;top:11.9639em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">730</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_250\">472 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2432em;top:11.9639em;\"><span class=\"stl_268 stl_20 stl_125\">733</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_45\">593 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9858em;\"><span class=\"stl_255 stl_20 stl_31\">Rabipur/RabAvert \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4907em;top:12.9858em;z-index:749;\"><span class=\"stl_268 stl_20 stl_548\">879</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">341 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2788em;top:12.9858em;\"><span class=\"stl_268 stl_20 stl_18\">505</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_295\">769 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.0077em;\"><span class=\"stl_255 stl_20 stl_199\">Encepur \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4369em;top:14.0077em;\"><span class=\"stl_268 stl_20 stl_604\">298</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_91\">736 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2288em;top:14.0077em;\"><span class=\"stl_268 stl_20 stl_124\">363</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_246\">054 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.0295em;\"><span class=\"stl_255 stl_20 stl_510\" style=\"word-spacing:-0.0388em;\">Other product sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.45em;top:15.0295em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_242\">496 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2138em;top:15.0295em;\"><span class=\"stl_268 stl_20 stl_125\">260</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_127\">225 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.0458em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Sale of goods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8238em;top:16.0458em;z-index:840;\"><span class=\"stl_261 stl_16 stl_378\">3,</span><span class=\"stl_257 stl_16 stl_313\">01</span><span class=\"stl_261 stl_16 stl_546\">7,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_274\" style=\"word-spacing:1.216em;\">45 </span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_09\">6</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_317\">,64</span><span class=\"stl_257 stl_16 stl_317\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.77em;top:17.677em;\"><span class=\"stl_268 stl_20 stl_151\">83</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">048 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:18.6989em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">Contract work \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7919em;top:18.6989em;\"><span class=\"stl_268 stl_20 stl_151\">50</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5582em;top:18.6989em;\"><span class=\"stl_268 stl_20 stl_465\">35</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_134\">234 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:19.7152em;\"><span class=\"stl_261 stl_16 stl_472\" style=\"word-spacing:-0.0389em;\">Sale of services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.355em;top:19.7152em;\"><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_416\">33,74</span><span class=\"stl_257 stl_16 stl_416\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4232em;top:19.7152em;\"><span class=\"stl_261 stl_16 stl_445\">35,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_85\">34 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:21.3408em;\"><span class=\"stl_261 stl_16 stl_215\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8419em;top:21.3408em;z-index:947;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_239\">,793 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5694em;top:21.3408em;z-index:959;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_605\">97,</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_282\">75 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.9664em;\"><span class=\"stl_261 stl_16 stl_219\" style=\"word-spacing:-0.0278em;\">Total revenue includes: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Fair value adjustment concerning financial instruments entered into to hedge revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7419em;top:23.9939em;z-index:1074;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_176\">072</span><span class=\"stl_255 stl_20 stl_176\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:25.6139em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.0337em;\">Geographic split of revenue: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:26.6414em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4694em;top:26.6414em;\"><span class=\"stl_268 stl_20 stl_45\">841</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_151\">527 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7144em;top:26.6414em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_127\">066</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_74\">800 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:27.6633em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4419em;top:27.6633em;\"><span class=\"stl_268 stl_20 stl_310\">650</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1975em;top:27.6633em;\"><span class=\"stl_268 stl_20 stl_85\">258</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:28.6852em;\"><span class=\"stl_255 stl_20 stl_412\">Belgium \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4575em;top:28.6852em;\"><span class=\"stl_268 stl_20 stl_282\">335</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">399 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2494em;top:28.6852em;\"><span class=\"stl_268 stl_20 stl_570\">264</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_292\">410 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:29.707em;\"><span class=\"stl_255 stl_20 stl_78\">France \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4994em;top:29.707em;z-index:1187;\"><span class=\"stl_268 stl_20 stl_492\">268</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_158\">186 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5525em;top:29.707em;\"><span class=\"stl_268 stl_20 stl_158\">26</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_205\">088 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:30.7289em;\"><span class=\"stl_255 stl_20 stl_344\">Canada \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5125em;top:30.7289em;z-index:1210;\"><span class=\"stl_268 stl_20 stl_606\">197</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">283 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6119em;top:30.7289em;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:31.7508em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">United Kingdom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5194em;top:31.7508em;z-index:1241;\"><span class=\"stl_268 stl_20 stl_586\">169</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">203 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.595em;top:31.7508em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_378\">975 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:32.7727em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">Hong Kong \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4982em;top:32.7727em;\"><span class=\"stl_268 stl_20 stl_285\">115</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_323\">599 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:32.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:33.7945em;\"><span class=\"stl_255 stl_20 stl_510\" style=\"word-spacing:-0.0389em;\">Saudi Arabia \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4488em;top:33.7945em;\"><span class=\"stl_268 stl_20 stl_432\">100</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_76\">442 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:33.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:34.8164em;\"><span class=\"stl_255 stl_20 stl_350\">Australia \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8407em;top:34.8164em;z-index:1311;\"><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_566\">655 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.87em;top:34.8164em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_127\">504 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:35.8383em;\"><span class=\"stl_255 stl_20 stl_83\">Switzerland \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7907em;top:35.8383em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_215\">986 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6469em;top:35.8383em;z-index:1345;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:36.8602em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0359em;\">Other geographic markets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4257em;top:36.8602em;\"><span class=\"stl_268 stl_20 stl_85\">304</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_323\">305 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2907em;top:36.8602em;z-index:1387;\"><span class=\"stl_268 stl_20 stl_247\">228</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">152 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:38.4802em;\"><span class=\"stl_261 stl_16 stl_215\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8419em;top:38.4802em;z-index:1401;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_239\">,793 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5694em;top:38.4802em;z-index:1413;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_605\">97,</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_282\">75 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Other product sale for 2022 consist of the following: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8858em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:11.8858em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">Sale of Mvabea (Ebola vaccine) to Janssen. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7189em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:12.7189em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Sale of Dukoral and Ixiaro licensed from Valneva \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Sale of Heplisav-B licensed from Dynavax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.052em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">In 2022 revenue achieved on the Danish market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8852em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0237em;\">amounted to DKK 19.3 million (DKK 0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.552em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">In 2022 no customer represented more than 10% of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3852em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0218em;\">total revenue. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.052em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">In 2021 the following customers represented more than \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.8852em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">10% of total revenue: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.552em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:23.552em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0316em;\">Biomedical Advanced Research and Development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:24.3852em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">Authority (BARDA), USA, DKK 675.3 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.052em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:26.052em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Janssen Pharmaceutica NV, Belgium, DKK 260.2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.4489em;top:26.8852em;\"><span class=\"stl_255 stl_20 stl_74\">million. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_37\" style=\"word-spacing:0.0137em;\">Revenue </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Accounting for contract with Biomedical Advanced \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.0464em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">Research and Development Authority (BARDA) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">In April 2020, BARDA placed a new order for the manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_510\" style=\"word-spacing:-0.0389em;\">facturing and supply of JYNNEOS</span><sup style=\"top: -0.2075em;\"><span class=\"stl_608 stl_20 stl_609\">\u00ae</span></sup><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">, at a total value of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">USD 202 million. The contract expansion covered manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">facturing of 35 bulk drug substance (BDS) batches and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">the supply of up to 1.4 million doses of liquid-frozen \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_233\">JYNNEOS</span><sup style=\"top: -0.2073em;\"><span class=\"stl_608 stl_20 stl_610\">\u00ae</span></sup><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0239em;\">. At year-end 2022 only 6 BDS batches remain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:16.8854em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">to be manufactured and invoiced. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:18.5523em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">In June and July 2022, BARDA ordered in total 5,500,000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:19.3854em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">doses of liquid-frozen JYNNEOS</span><sup style=\"top: -0.2079em;\"><span class=\"stl_608 stl_20 stl_609\">\u00ae</span></sup><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">, for delivery in 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:20.2187em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">and 2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:21.8856em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">When BDS batches are invoiced to BARDA the BDS \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:22.7187em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">batches remain in the Company's physical possession \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:23.5518em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">until filling as final product. The filling takes place \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:24.385em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">either at the Company's facility in Kvistgaard or at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:25.2181em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">CMO's (a bill-and-hold arrangement). Revenue is recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:26.0512em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">nized once the BDS are releasable according to contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:26.8843em;\"><span class=\"stl_255 stl_20 stl_506\" style=\"word-spacing:-0.0377em;\">with BARDA. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:28.5512em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Payment is due within 30 days after invoicing. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7242em;top:30.2125em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Accounting for license and collaboration agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:31.0456em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">ments with Nuance Pharma \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:31.8843em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">In March 2022, Bavarian Nordic entered into an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:32.7175em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">exclusive license and supply agreement with Nuance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:33.5506em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Pharma, on the development and commercialization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:34.3837em;\"><span class=\"stl_255 stl_20 stl_165\" style=\"word-spacing:-0.0099em;\">of MVA-BN</span><sup style=\"top: -0.2063em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_102\" style=\"word-spacing:-0.0372em;\">RSV against respiratory syncytial virus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:35.2187em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">(RSV) in adults in Chinese Mainland, Hong Kong, Macau, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:36.0518em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Taiwan, South Korea and certain Southeast Asian \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:36.885em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">countries. The agreement entails clinical development, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:37.7181em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">including a Phase 3 trial to support regulatory approval \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7328em;top:10.2181em;\"><span class=\"stl_255 stl_20 stl_500\" style=\"word-spacing:-0.0095em;\">of MVA-BN</span><sup style=\"top: -0.2073em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">RSV in China, which will be conducted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">separately from the Company\u2019s own Phase 3 trial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">planned for initiation later in the first half of 2022 to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0351em;\">support a U.S. Biologics License Application. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">Under the terms of the agreement, Bavarian Nordic has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">received an upfront payment of USD 12.5 million and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">is eligible to receive future milestone payments of up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">to USD 212.5 million that are triggered upon achieve- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">ment of certain clinical, regulatory, and commercial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">milestones, in addition to tiered, double-digit royalties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">on future net sales. The received upfront payment has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">been recognized as revenue. The future milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">payments will be recognized as revenue once the mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:21.8833em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">stones are achieved. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:23.5502em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Nuance Pharma will assume all costs and responsibility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:24.3833em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">for the clinical development, regulatory filings, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:25.2164em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">commercialization of the vaccine in territories covered \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:26.0495em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">by the agreement. Subject to Chinese regulatory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:26.8827em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0353em;\">authority (National Medical Products Administration, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:27.7158em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">NMPA) approval, Phase 1 and Phase 3 trials are planned \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7326em;top:28.5489em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">for the vaccine approval in China. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_37\" style=\"word-spacing:0.0137em;\">Revenue </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2204": {
   "value": "<div class=\"stl_01\" style=\"left:40.0735em;top:10.2008em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.0753em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Sale of goods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.914em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Revenue from sale of goods is recognized when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7472em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">Bavarian Nordic has transferred control of products sold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5803em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">to the buyer and it is probable that Bavarian Nordic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.4134em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">will collect the consideration to which it is entitled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2465em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">for transferring the products. Control of the products \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.0797em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">is transferred at a point in time, typically on delivery. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.9128em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">The amount of sales to be recognized is based on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.7459em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">consideration Bavarian Nordic expects to receive in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.579em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">exchange for its goods. When sales are recognized, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.4122em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Bavarian Nordic also records estimates for a variety of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.2453em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">sales deductions, including product returns as well as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0784em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">rebates and discounts to government agencies, whole- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.9115em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">salers, health insurance companies, managed health- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7447em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">care organisations and retail customers. Revenue is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.5778em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">measured net of value added tax, duties, etc. collected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.4109em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">on behalf of a third party. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0778em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Where contracts contain customer acceptance criteria, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.9109em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Bavarian Nordic recognizes sales when the acceptance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.744em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">criteria are satisfied. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.4109em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">Where absolute amounts are known, the rebates are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.244em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">recognized as other liabilities. Wholesaler charge-backs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0772em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">are netted against trade receivable balances. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.744em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">The pricing mechanisms in the US market and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.5772em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">different kind of rebates are described below. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:35.2372em;\"><span class=\"stl_599 stl_57 stl_256\" style=\"word-spacing:-0.0362em;\">Pricing mechanisms in the US market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.0772em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">In the US, sales rebates are paid in connection with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.9103em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">government and commercial programmes. Key \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.0772em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">customers in the US include private payers, Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.9103em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Purchasing Organizations (GPOs) and government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7434em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">payers. GPOs play a role in negotiating price conces- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5765em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">sions with drug manufacturers for the commercial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.4097em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">channels, and determine which drugs are offered as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.2428em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">preferred options on their drug lists. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:26.9009em;\"><span class=\"stl_599 stl_57 stl_510\" style=\"word-spacing:-0.0387em;\">Wholesaler charge-backs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.7409em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">Wholesaler charge-backs relate to contractual arrange- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.574em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">ments between Bavarian Nordic and indirect customers \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.4072em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">whereby products are sold at contract prices lower \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.2403em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">than the list price originally charged to wholesalers. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.0734em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">A wholesaler charge-back represents the difference \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.9065em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">between the invoice price to the wholesaler and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:32.7397em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">indirect customer\u2019s contract price. Accruals are calcu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:33.5728em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">lated for estimated charge-backs using a combination \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:34.4059em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">of factors such as historical experience, current whole- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:35.239em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">saler inventory levels, contract terms and the value of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:36.0722em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">claims received but not yet processed. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:16.9028em;\"><span class=\"stl_599 stl_57 stl_409\" style=\"word-spacing:-0.0324em;\">US Medicaid &amp; Medicare rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7428em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Medicaid &amp; Medicare are government insurance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5759em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programmes. Medicaid and Medicare rebates have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.409em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">been estimated using a combination of historical expe- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.2422em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">rience, product and population growth, price increases, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.0753em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">and the impact of contracting strategies. The calcula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.9084em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">tion also involves interpretation of relevant regulations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.7415em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">that are subject to changes in interpretative guidance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.5747em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">from government authorities. Bavarian Nordic adjusts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.4078em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">the provision periodically to reflect actual sales perfor- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.2409em;\"><span class=\"stl_255 stl_20 stl_108\">mance. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:11.579em;\"><span class=\"stl_599 stl_57 stl_205\" style=\"word-spacing:-0.0351em;\">Other discounts and sales returns \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.419em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Other discounts are provided to wholesalers, hospi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">tals, pharmacies, etc. They are usually linked to sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">volume or provided as cash discounts. Accruals are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">calculated based on historical data and recorded as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">reduction in gross sales at the time the related sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">are recorded. Sales returns are related to damaged or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.4177em;\"><span class=\"stl_255 stl_20 stl_412\" style=\"word-spacing:-0.037em;\">expired products. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:19.079em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Sale of services and licenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.9177em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">Furthermore, revenue comprises the fair value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.7508em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">consideration received or receivable for income derived \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.584em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">from development services where revenue is measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.4171em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">at the expected net sales price. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.084em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Sales of licenses that transfer the rights associated with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.9171em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ownership of intellectual property are recognized at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.7502em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">a point in time when control is transferred. Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.5833em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">from development services and licenses that do not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.4165em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">transfer the right of ownership to intellectual property \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.2496em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">are recognized over time in line with the execution and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.0827em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.035em;\">delivery of the work. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.5827em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0327em;\">Agreements with commercial partners generally \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.4158em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">include non-refundable upfront license and collabora- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.249em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">tion fees, milestone payments, the receipt of which is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.0821em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">dependent upon the achievement of certain clinical, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.9152em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">regulatory or commercial milestones, as well as royal- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.7483em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">ties on product sales of licensed products, if and when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.5815em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">such product sales occur, and revenue from the supply \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.4146em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">of products. For these agreements that include multiple \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.2477em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">elements, total contract consideration is attributed to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.0808em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">separately identifiable components on a reliable basis \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.914em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">that reasonably reflects the selling prices that might be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.7471em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0358em;\">expected to be achieved in stand-alone transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5802em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">provided that each component has value to the partner \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.4133em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">on a stand-alone basis. The allocated consideration is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2465em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">recognized as revenue in accordance with the principles \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0796em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">described above. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2212": {
   "value": "<div class=\"stl_01\" style=\"left:55.7483em;top:16.9028em;\"><span class=\"stl_599 stl_57 stl_409\" style=\"word-spacing:-0.0324em;\">US Medicaid &amp; Medicare rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7428em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Medicaid &amp; Medicare are government insurance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5759em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programmes. Medicaid and Medicare rebates have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.409em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">been estimated using a combination of historical expe- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.2422em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">rience, product and population growth, price increases, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.0753em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">and the impact of contracting strategies. The calcula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.9084em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0261em;\">tion also involves interpretation of relevant regulations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.7415em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">that are subject to changes in interpretative guidance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.5747em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">from government authorities. Bavarian Nordic adjusts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.4078em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">the provision periodically to reflect actual sales perfor- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.2409em;\"><span class=\"stl_255 stl_20 stl_108\">mance. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2213": {
   "value": "<div class=\"stl_01\" style=\"left:40.3324em;top:10.5216em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5628em;\"><span class=\"stl_261 stl_16 stl_256\" style=\"word-spacing:-0.0359em;\">Provisions for sales deductions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.4016em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">Sales discounts and rebates are predominantly issued \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2347em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">in the US in connection with the US Federal and State \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0678em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">Government Healthcare programs, namely Medicare \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.9009em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">and Medicaid, and commercial rebates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5678em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">The estimate of sales discounts and rebates is based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.4009em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">a calculation which includes a combination of historical \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.2341em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">utilization data, combined with expectations in relation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0672em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">to the development in sales and utilization. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.9003em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">more, specific circumstances regarding the different \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7334em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">programs are considered. The obligations concerning \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5666em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">sales discounts and rebates are incurred at the time the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3997em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">sale is recorded. However, the actual discount or rebate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2328em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">related to a specific sale may be invoiced later. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8997em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Bavarian Nordic considers the provisions established \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7328em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">for sales discounts and rebates to be reasonable and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5659em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">appropriate based on currently available information. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3991em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">However, the actual amount of discounts and rebates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2322em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">may differ from the amounts estimated as more \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0653em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">detailed information becomes available. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2214": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:10.2795em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">MVA-BN smallpox vaccine sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9744em;top:11.9639em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">730</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_250\">472 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2432em;top:11.9639em;\"><span class=\"stl_268 stl_20 stl_125\">733</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_45\">593 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9858em;\"><span class=\"stl_255 stl_20 stl_31\">Rabipur/RabAvert \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4907em;top:12.9858em;z-index:749;\"><span class=\"stl_268 stl_20 stl_548\">879</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">341 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2788em;top:12.9858em;\"><span class=\"stl_268 stl_20 stl_18\">505</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_295\">769 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.0077em;\"><span class=\"stl_255 stl_20 stl_199\">Encepur \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4369em;top:14.0077em;\"><span class=\"stl_268 stl_20 stl_604\">298</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_91\">736 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2288em;top:14.0077em;\"><span class=\"stl_268 stl_20 stl_124\">363</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_246\">054 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.0295em;\"><span class=\"stl_255 stl_20 stl_510\" style=\"word-spacing:-0.0388em;\">Other product sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.45em;top:15.0295em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_242\">496 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2138em;top:15.0295em;\"><span class=\"stl_268 stl_20 stl_125\">260</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_127\">225 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.0458em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Sale of goods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8238em;top:16.0458em;z-index:840;\"><span class=\"stl_261 stl_16 stl_378\">3,</span><span class=\"stl_257 stl_16 stl_313\">01</span><span class=\"stl_261 stl_16 stl_546\">7,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_274\" style=\"word-spacing:1.216em;\">45 </span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_09\">6</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_317\">,64</span><span class=\"stl_257 stl_16 stl_317\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.77em;top:17.677em;\"><span class=\"stl_268 stl_20 stl_151\">83</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">048 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:18.6989em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">Contract work \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7919em;top:18.6989em;\"><span class=\"stl_268 stl_20 stl_151\">50</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5582em;top:18.6989em;\"><span class=\"stl_268 stl_20 stl_465\">35</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_134\">234 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:19.7152em;\"><span class=\"stl_261 stl_16 stl_472\" style=\"word-spacing:-0.0389em;\">Sale of services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.355em;top:19.7152em;\"><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_416\">33,74</span><span class=\"stl_257 stl_16 stl_416\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4232em;top:19.7152em;\"><span class=\"stl_261 stl_16 stl_445\">35,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_85\">34 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:21.3408em;\"><span class=\"stl_261 stl_16 stl_215\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8419em;top:21.3408em;z-index:947;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_239\">,793 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5694em;top:21.3408em;z-index:959;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_605\">97,</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_282\">75 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.9664em;\"><span class=\"stl_261 stl_16 stl_219\" style=\"word-spacing:-0.0278em;\">Total revenue includes: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Fair value adjustment concerning financial instruments entered into to hedge revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7419em;top:23.9939em;z-index:1074;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_176\">072</span><span class=\"stl_255 stl_20 stl_176\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:25.6139em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.0337em;\">Geographic split of revenue: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:26.6414em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4694em;top:26.6414em;\"><span class=\"stl_268 stl_20 stl_45\">841</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_151\">527 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7144em;top:26.6414em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_127\">066</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_74\">800 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:27.6633em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4419em;top:27.6633em;\"><span class=\"stl_268 stl_20 stl_310\">650</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1975em;top:27.6633em;\"><span class=\"stl_268 stl_20 stl_85\">258</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:28.6852em;\"><span class=\"stl_255 stl_20 stl_412\">Belgium \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4575em;top:28.6852em;\"><span class=\"stl_268 stl_20 stl_282\">335</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">399 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2494em;top:28.6852em;\"><span class=\"stl_268 stl_20 stl_570\">264</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_292\">410 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:29.707em;\"><span class=\"stl_255 stl_20 stl_78\">France \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4994em;top:29.707em;z-index:1187;\"><span class=\"stl_268 stl_20 stl_492\">268</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_158\">186 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5525em;top:29.707em;\"><span class=\"stl_268 stl_20 stl_158\">26</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_205\">088 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:30.7289em;\"><span class=\"stl_255 stl_20 stl_344\">Canada \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5125em;top:30.7289em;z-index:1210;\"><span class=\"stl_268 stl_20 stl_606\">197</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">283 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6119em;top:30.7289em;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:31.7508em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">United Kingdom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5194em;top:31.7508em;z-index:1241;\"><span class=\"stl_268 stl_20 stl_586\">169</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">203 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.595em;top:31.7508em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_378\">975 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:32.7727em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">Hong Kong \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4982em;top:32.7727em;\"><span class=\"stl_268 stl_20 stl_285\">115</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_323\">599 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:32.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:33.7945em;\"><span class=\"stl_255 stl_20 stl_510\" style=\"word-spacing:-0.0389em;\">Saudi Arabia \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4488em;top:33.7945em;\"><span class=\"stl_268 stl_20 stl_432\">100</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_76\">442 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:33.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:34.8164em;\"><span class=\"stl_255 stl_20 stl_350\">Australia \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8407em;top:34.8164em;z-index:1311;\"><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_566\">655 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.87em;top:34.8164em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_127\">504 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:35.8383em;\"><span class=\"stl_255 stl_20 stl_83\">Switzerland \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7907em;top:35.8383em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_215\">986 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6469em;top:35.8383em;z-index:1345;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:36.8602em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0359em;\">Other geographic markets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4257em;top:36.8602em;\"><span class=\"stl_268 stl_20 stl_85\">304</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_323\">305 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2907em;top:36.8602em;z-index:1387;\"><span class=\"stl_268 stl_20 stl_247\">228</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">152 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:38.4802em;\"><span class=\"stl_261 stl_16 stl_215\">Revenue \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8419em;top:38.4802em;z-index:1401;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_239\">,793 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5694em;top:38.4802em;z-index:1413;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_605\">97,</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_282\">75 \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2215": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_132\" style=\"word-spacing:0.0075em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2528em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2471em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2471em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9371em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Cost of goods sold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4125em;top:11.9371em;\"><span class=\"stl_268 stl_20 stl_248\">644</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_91\">683 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2794em;top:11.9371em;z-index:121;\"><span class=\"stl_268 stl_20 stl_611\">539</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">789 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.959em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">Contract costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8163em;top:12.959em;z-index:143;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_332\">889 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6019em;top:12.959em;\"><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_294\">959 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9809em;\"><span class=\"stl_255 stl_20 stl_474\" style=\"word-spacing:-0.0365em;\">Other production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5057em;top:13.9809em;\"><span class=\"stl_268 stl_20 stl_260\">512</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_71\">024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2188em;top:13.9809em;\"><span class=\"stl_268 stl_20 stl_300\">492</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_127\">877 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.0028em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0383em;\">Amortization of product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4638em;top:15.0028em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2432em;top:15.0028em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:16.019em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0354em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.7944em;top:16.019em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_438\">,449,53</span><span class=\"stl_257 stl_16 stl_438\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5744em;top:16.019em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_179\">7,56</span><span class=\"stl_257 stl_16 stl_179\">0 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:18.2221em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">Other production costs amounted to DKK 512.0 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.0553em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0239em;\">(DKK 492.9 million), of which net write-downs of inven- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.8884em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">tory amounted to DKK 35.5 million compared to DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.7215em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">171.6 million in 2021. Development in write-downs is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.5546em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">further described in note 18. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:23.2215em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">The bulk manufacturing facility has been shutdown for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.0546em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">a year due to the expansion of the facility for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.8878em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">production of Rabipur/RabAvert and Encepur. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:25.7209em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">shutdown resulted in a limited absorption of indirect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.554em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">production costs for the first 3 quarters of 2022. In 2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:27.3871em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">other production costs were also impacted by limited \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:28.2203em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">absorption of indirect production costs due to the shut- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.0534em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">down in fourth quarter but also due to production of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.8865em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">RSV Phase 3 clinical trial material, which contributed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:30.7196em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">to a low commercial utilization of the manufacturing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.5528em;\"><span class=\"stl_255 stl_20 stl_215\">capacity. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7332em;top:18.2196em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The product rights to Rabipur/RabAvert and Encepur are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:19.0528em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">amortized over 20 years with an annual amortization of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:19.8859em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">DKK 272.9 million. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:21.3435em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.3903em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Production costs consist of costs incurred in gener- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.2234em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">ating the revenue for the year. Costs for raw materials, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.0566em;\"><span class=\"stl_255 stl_20 stl_474\" style=\"word-spacing:-0.0363em;\">consumables, production staff and a proportion of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.8897em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">production overheads, including maintenance, amorti- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.7228em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">zation, depreciation and impairment of intangible and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.5559em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">tangible assets used in production as well as operation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.3891em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">administration and management of the production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.2222em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">facility are recognized as production costs. Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.0553em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">of acquired product rights are recognized as production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.8884em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">costs. In addition, the costs related to excess capacity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.7216em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">and write-down to net realisable value of goods on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.5547em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">stock are recognized. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_86\" style=\"word-spacing:0.0018em;\">Sales and distribution costs \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">Sales and distribution costs comprise costs incurred for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">the sale and distribution of products sold during the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">year. This includes costs incurred for sales campaigns, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">training and administration of the sales force and for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">direct distribution, marketing and promotion. Also \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">included are salaries and other costs for the sales, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">distribution and marketing functions, loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0374em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">expected credit losses, amortization, depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.8706em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">other indirect costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_612\" style=\"word-spacing:0.0089em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0296em;\">Research and development costs incurred this year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9863em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_227\">202</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_222\">981 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3569em;top:11.9088em;z-index:156;\"><span class=\"stl_268 stl_20 stl_595\">421</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_484\">118 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5288em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Of which: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0298em;\">Contract costs recognized as production costs (note </span><span class=\"stl_268 stl_20 stl_548\">4</span><span class=\"stl_255 stl_20 stl_548\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6369em;top:14.5563em;z-index:227;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_425\">889</span><span class=\"stl_255 stl_20 stl_425\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4038em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_542\">959</span><span class=\"stl_255 stl_20 stl_542\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.5725em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0313em;\">Research and development costs recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8288em;top:15.5725em;z-index:299;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_324\">18</span><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_45\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1663em;top:15.5725em;z-index:311;\"><span class=\"stl_261 stl_16 stl_579\">399,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_26\">59 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:17.2038em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Fair value adjustment concerning financial instruments entered into to hedge research \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.0369em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.79em;top:18.0369em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">201 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1638em;top:18.0369em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div><div class=\"stl_01\" style=\"left:4.725em;top:20.2544em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Under the Group\u2019s accounting policies development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.0875em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">costs are generally expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.9207em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">During the development of ABNCoV2, the Group has, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:22.7538em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">however, started capitalization of directly related \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:23.5869em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">development cost at commencement of the phase 2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.42em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">studies as \u2013 unlike most other development candidates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:25.2532em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">- the feasibility of developing a final vaccine and obtain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.0863em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">regulatory approval is considered likely, because the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.9194em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0251em;\">development of other COVID-19 vaccine candidates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:27.7525em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">based on the same antigen has been successful. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:28.5857em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Furthermore, the Group has ensured significant finance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.4188em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">of the development through the funding obtained from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:30.2519em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">Danish Ministry of Health and a minimum demand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.085em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">agreed in the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.9182em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Health. See further description in note 15. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:33.585em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.032em;\">Research and development costs include expenses for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:34.4182em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">external clinical research organizations, or CRO's, of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:35.2513em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0201em;\">874.9 million (DKK 160.5 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:20.0564em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.1032em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0326em;\">Research and development costs include salaries and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.9363em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">costs directly attributable to the Group\u2019s research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.7694em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">development projects, less government grants. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.6026em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">more, salaries and costs supporting direct research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.4357em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">development, including costs of patents, rent, leasing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.2688em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">and depreciation attributable to laboratories, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.1019em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">external scientific consultancy services, are recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.9351em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">under research and development costs. No indirect or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.7682em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">general overhead costs that are not directly attributable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.6013em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">to research and development activities are included in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.4344em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">the disclosure of research and development expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.2676em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">recognized in the income statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.9344em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">Research costs are expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:32.7676em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Development costs are generally expensed in the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:33.6007em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">they occur. In line with industry custom, capitaliza- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:34.4338em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">tion of development costs does not begin until it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:35.2669em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">deemed realistic that the product can be completed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.1001em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">and marketed and it is highly likely that a marketing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.9332em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">authorization will be received. In addition, there must \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:37.7663em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">be sufficient certainty that the future earnings to the \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7404em;top:21.0994em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Group will cover not only production costs, direct distri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:21.9326em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">bution and administrative costs, but also the develop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:22.7657em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:24.4326em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Contract research and development costs incurred to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:25.2657em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">achieve revenue are included in \"Research and devel- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.0988em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">opment costs incurred this year\" in the below tabel and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.9319em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">then transferred under \"Contract costs recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:27.7651em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">production costs\" to be recognized as production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_566\" style=\"word-spacing:0.007em;\">Adminstrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.0814em;top:10.1457em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.0258em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Administrative costs include costs of Group Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.8589em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">ment, staff functions, administrative personnel, office \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.692em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">costs, rent, short-term lease payments and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:13.5252em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">not relating specifically to production, research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.3583em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">development or sales and distribution. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_413\" style=\"word-spacing:0.0113em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Wages and salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4407em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_69\">664</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_298\">791 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2607em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_179\">535</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_184\">670 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7875em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_274\">52</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_294\">635 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6532em;top:12.9307em;z-index:155;\"><span class=\"stl_268 stl_20 stl_200\">44</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_339\">114 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0376em;\">Social security expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8038em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_45\">24</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_324\">861 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6025em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_09\">431 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">Other staff expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7607em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_75\">48</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.58em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_272\">510 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Share-based payment, see specification in note </span><span class=\"stl_268 stl_20 stl_326\">30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8063em;top:15.9963em;z-index:288;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">284 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6157em;top:15.9963em;z-index:296;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_133\">652 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3225em;top:17.0125em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0757em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Staff expenses are distributed as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4663em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_45\">333</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3044em;top:19.6657em;z-index:391;\"><span class=\"stl_268 stl_20 stl_548\">259</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">719 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Sales and distribution costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7938em;top:20.6876em;z-index:427;\"><span class=\"stl_268 stl_20 stl_281\">89</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_134\">304 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5807em;top:20.6876em;\"><span class=\"stl_268 stl_20 stl_231\">70</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">727 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.7094em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_288\">198</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_85\">838 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2575em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_402\">178</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_378\">439 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:22.7313em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Administrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:22.7313em;\"><span class=\"stl_268 stl_20 stl_514\">168</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">259 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3207em;top:22.7313em;z-index:521;\"><span class=\"stl_268 stl_20 stl_545\">137</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:23.7532em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">Capitalized salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8113em;top:23.7532em;z-index:549;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6813em;top:23.7532em;z-index:557;\"><span class=\"stl_268 stl_20 stl_574\">47</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3219em;top:24.7694em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.075em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:26.4007em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Average number of employees converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6444em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_265\">874 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3688em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_106\">734 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:27.4225em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Number of employees as of December </span><span class=\"stl_268 stl_20 stl_286\" style=\"word-spacing:0.06em;\">31 </span><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6107em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_151\">975 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3963em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_48\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.0319em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0324em;\">The Group only has defined contribution plans and pays \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.865em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">regular fixed contributions to independent pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:30.6982em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0344em;\">funds and insurance companies. \u00a0</span></div><div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">Staff costs include the following costs: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5288em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_329\">Remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1477em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9227em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_184\">202 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1583em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">750 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9302em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_250\">950 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Remuneration to Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.047em;top:16.5944em;z-index:1078;\"><span class=\"stl_261 stl_16 stl_613\">7,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9089em;top:16.5944em;z-index:1084;\"><span class=\"stl_261 stl_16 stl_568\">7,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_48\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:18.2201em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:19.2476em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1514em;top:19.2476em;z-index:1115;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_200\">873 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9195em;top:19.2476em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:20.2694em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1102em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">068 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9189em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_100\">956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6383em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_465\">692 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4083em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_294\">678 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:22.3132em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_242\">367 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.8914em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">048 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:23.335em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8102em;top:23.335em;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_75\">485 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9658em;top:23.335em;z-index:1253;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_278\">035 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:24.3513em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6883em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_11\">7,4</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4333em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_307\">4,37</span><span class=\"stl_257 stl_16 stl_307\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.9826em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8458em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_151\">527 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.622em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_338\">11</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_238\">630 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0044em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.142em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_158\">947 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9039em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_110\">946 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0263em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1395em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_307\">362 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.922em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">237 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0482em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_250\">472 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9245em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_271\">430 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.0701em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1358em;top:30.0701em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_222\">756 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0402em;top:30.0701em;z-index:1440;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">193 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0919em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0351em;\">Salary and benefits in notice period \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.187em;top:31.0919em;z-index:1483;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_325\">851 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9652em;top:31.0919em;z-index:1490;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_48\">378 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7045em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_38\">33,9</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4864em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_296\">81</span><span class=\"stl_261 stl_16 stl_296\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Remuneration to Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.662em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_313\">6</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5027em;top:33.7338em;z-index:1573;\"><span class=\"stl_261 stl_16 stl_548\">56,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_45\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Total Management remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6477em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_100\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.422em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_77\">63,344 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1638em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0313em;\">CEO and President of the Company Paul Chaplin and CFO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.9969em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0326em;\">Henrik Juuel constitute the Corporate Management in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8301em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0229em;\">the Parent Company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.4969em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0294em;\">COO Russell Thirsk, CPO Anu Kerns, CCO JC May and CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3301em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.029em;\">Laurence De Moerlooze constitute the Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1632em;\"><span class=\"stl_255 stl_20 stl_75\">Management. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8244em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0359em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6632em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">In March 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.4963em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0245em;\">12,682 restricted stock units (excl. matching shares) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3294em;\"><span class=\"stl_255 stl_20 stl_473\" style=\"word-spacing:-0.0258em;\">(8,833 restricted stock units) at a value of DKK 2.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1626em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0287em;\">(DKK 2.0 million) at grant. Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.9957em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0248em;\">was granted 9,896 restricted stock units (excl. matching \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8288em;\"><span class=\"stl_255 stl_20 stl_616\" style=\"word-spacing:-0.0232em;\">shares) (7,580 restricted stock units) corresponding to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6619em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0288em;\">a value of DKK 1.6 million (DKK 1.7 million) at grant. In \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.4951em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0263em;\">April 2022 CEO Paul Chaplin was granted 17,109 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3282em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0287em;\">stock units (excl. matching shares) as a part of the reten- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.1613em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0329em;\">tion agreement at a value of DKK 2.7 million. In April \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.9944em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">2022 COO Russell Thirsk was granted 4,446 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8276em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0254em;\">stock units (excl. matching shares) as a sign-on bonus at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6607em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">a value of DKK 0.7 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.3276em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0327em;\">In April 2022, the members of the Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1607em;\"><span class=\"stl_255 stl_20 stl_415\" style=\"word-spacing:-0.0225em;\">were granted in total 11,795 restricted stock units (7,127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.9938em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">restricted stock units) corresponding to 50% of their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8269em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0275em;\">fixed fee amounting to DKK 1.8 million (DKK 2.0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6601em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0332em;\">For further description of restricted stock units see note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.4932em;\"><span class=\"stl_255 stl_20 stl_242\">30. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.1544em;\"><span class=\"stl_261 stl_16 stl_96\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:10.9932em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0319em;\">In December 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8263em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.025em;\">126,487 warrants (137,030 warrants) with a fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.6594em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0228em;\">of DKK 9.9 million (DKK 10.4 million). Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.4926em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0343em;\">Management was granted 122,300 warrants (108,788 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3257em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0281em;\">warrants) with a fair value of DKK 9.6 million (DKK 8.3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.1588em;\"><span class=\"stl_255 stl_20 stl_614\">million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8257em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0268em;\">Fair value calculated based on Black-Scholes, cf. note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.4926em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">Incentive programs for the Executive Management and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3257em;\"><span class=\"stl_255 stl_20 stl_441\" style=\"word-spacing:-0.0276em;\">other employees are disclosed in note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.9926em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0312em;\">Members of the Executive Management have contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8257em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">of employment containing standard terms for members \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.6588em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0306em;\">of the Executive Management of Danish listed compa- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.4919em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">nies, including the periods of notice that both parties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.325em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">are required to give and competition clauses. If a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1582em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">contract of employment of a member of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.9913em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0292em;\">Management is terminated by the Company without \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.8244em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0341em;\">misconduct on the part of such member, the member of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6576em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">the Executive Management is entitled to compensation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.4907em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0315em;\">which, depending on the circumstances, may amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3238em;\"><span class=\"stl_255 stl_20 stl_220\" style=\"word-spacing:-0.0251em;\">a maximum of 8-18 months' remuneration. In the event \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.1569em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0297em;\">of a change of control the compensation can amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.99em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.0289em;\">24 months' remuneration. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_86\" style=\"word-spacing:0.0018em;\">Depreciation, amortization and impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9032em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0382em;\">Depreciation and amortization included in: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.4664em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_514\">352</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.237em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_198\">348</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_09\">243 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Sales and distribution costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9427em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_344\">73 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.7258em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_134\">34 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1258em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_65\">403 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9414em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_543\">718 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Administrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.822em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_271\">40</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_340\">217 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.582em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_280\">697 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0368em;\">Depreciation and amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3308em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_419\">399,</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_26\">47 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.1358em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_615\">7,69</span><span class=\"stl_257 stl_16 stl_615\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0311em;\">Hereof loss from disposed fixed assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2264em;top:18.6438em;z-index:2726;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">175 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.912em;top:18.6438em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">259 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:20.2638em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.038em;\">Impairment losses included in: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3983em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4408em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_613\">618 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7389em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0367em;\">Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3902em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.3608em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_313\">6</span><span class=\"stl_257 stl_16 stl_305\">18 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7383em;top:23.9226em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The product rights to Rabipur/RabAvert and Encepur are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:24.7557em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">amortized over 20 years with an annual amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:25.5888em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">of DKK 272.9 million. The amortization is recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:26.4219em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">part of cost of goods sold under production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7464em;top:23.9219em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">The product rights was acquired from GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7464em;top:24.755em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">as per December 31, 2019. See further description in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7464em;top:25.5882em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0204em;\">note 15. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_563\" style=\"word-spacing:0.0029em;\">Fees to auditor appointed at the annual general \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:7.8268em;z-index:53;\"><span class=\"stl_560 stl_57 stl_514\">meeting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">Audit of financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0988em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.955em;top:11.9088em;z-index:131;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_26\">173 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">Other assurance services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6532em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_338\">176 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.395em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">Tax advisory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6075em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_172\">501 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.375em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_76\">720 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">Other services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.63em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_564\">143 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4132em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_106\">Fees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0163em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_184\">028 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7738em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_133\">3,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_344\">66 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.6057em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">The fee for non-audit services provided to the Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.4388em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">by Deloitte Statsautoriseret Revisionspartnerselskab, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.2719em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Denmark, amounted to DKK 0.3 million (DKK 0.6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.105em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0241em;\">million) and consisted of assurance work related to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.9382em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">the assistance with compliance reviews, and other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.7713em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0345em;\">accounting and tax advisory services. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2237": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_132\" style=\"word-spacing:0.0075em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2528em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2471em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2471em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9371em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Cost of goods sold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4125em;top:11.9371em;\"><span class=\"stl_268 stl_20 stl_248\">644</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_91\">683 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2794em;top:11.9371em;z-index:121;\"><span class=\"stl_268 stl_20 stl_611\">539</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">789 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.959em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">Contract costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8163em;top:12.959em;z-index:143;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_332\">889 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6019em;top:12.959em;\"><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_294\">959 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9809em;\"><span class=\"stl_255 stl_20 stl_474\" style=\"word-spacing:-0.0365em;\">Other production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5057em;top:13.9809em;\"><span class=\"stl_268 stl_20 stl_260\">512</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_71\">024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2188em;top:13.9809em;\"><span class=\"stl_268 stl_20 stl_300\">492</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_127\">877 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.0028em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0383em;\">Amortization of product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4638em;top:15.0028em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2432em;top:15.0028em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:16.019em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0354em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.7944em;top:16.019em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_438\">,449,53</span><span class=\"stl_257 stl_16 stl_438\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5744em;top:16.019em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_179\">7,56</span><span class=\"stl_257 stl_16 stl_179\">0 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:18.2221em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">Other production costs amounted to DKK 512.0 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.0553em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0239em;\">(DKK 492.9 million), of which net write-downs of inven- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.8884em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">tory amounted to DKK 35.5 million compared to DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.7215em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">171.6 million in 2021. Development in write-downs is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.5546em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">further described in note 18. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:23.2215em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">The bulk manufacturing facility has been shutdown for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.0546em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">a year due to the expansion of the facility for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.8878em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">production of Rabipur/RabAvert and Encepur. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:25.7209em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">shutdown resulted in a limited absorption of indirect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.554em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">production costs for the first 3 quarters of 2022. In 2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:27.3871em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">other production costs were also impacted by limited \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:28.2203em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">absorption of indirect production costs due to the shut- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.0534em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">down in fourth quarter but also due to production of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.8865em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">RSV Phase 3 clinical trial material, which contributed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:30.7196em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">to a low commercial utilization of the manufacturing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.5528em;\"><span class=\"stl_255 stl_20 stl_215\">capacity. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7332em;top:18.2196em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The product rights to Rabipur/RabAvert and Encepur are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:19.0528em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">amortized over 20 years with an annual amortization of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:19.8859em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">DKK 272.9 million. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:21.3435em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.3903em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Production costs consist of costs incurred in gener- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.2234em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">ating the revenue for the year. Costs for raw materials, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.0566em;\"><span class=\"stl_255 stl_20 stl_474\" style=\"word-spacing:-0.0363em;\">consumables, production staff and a proportion of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.8897em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">production overheads, including maintenance, amorti- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.7228em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">zation, depreciation and impairment of intangible and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.5559em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">tangible assets used in production as well as operation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.3891em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">administration and management of the production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.2222em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">facility are recognized as production costs. Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.0553em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">of acquired product rights are recognized as production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.8884em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">costs. In addition, the costs related to excess capacity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.7216em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">and write-down to net realisable value of goods on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.5547em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">stock are recognized. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2246": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">Sales and distribution costs comprise costs incurred for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">the sale and distribution of products sold during the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">year. This includes costs incurred for sales campaigns, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">training and administration of the sales force and for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">direct distribution, marketing and promotion. Also \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">included are salaries and other costs for the sales, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">distribution and marketing functions, loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0374em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">expected credit losses, amortization, depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.8706em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">other indirect costs. \u00a0</span></div>",
   "dimensions": {
    "concept": "bava:DescriptionOfAccountingPolicyForSalesAndDistributionCosts",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2241": {
   "value": "<div class=\"stl_01\" style=\"left:23.0041em;top:21.3435em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.3903em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Production costs consist of costs incurred in gener- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.2234em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">ating the revenue for the year. Costs for raw materials, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.0566em;\"><span class=\"stl_255 stl_20 stl_474\" style=\"word-spacing:-0.0363em;\">consumables, production staff and a proportion of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.8897em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">production overheads, including maintenance, amorti- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.7228em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">zation, depreciation and impairment of intangible and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.5559em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">tangible assets used in production as well as operation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.3891em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">administration and management of the production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.2222em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">facility are recognized as production costs. Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.0553em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">of acquired product rights are recognized as production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.8884em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">costs. In addition, the costs related to excess capacity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.7216em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">and write-down to net realisable value of goods on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.5547em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">stock are recognized. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">Sales and distribution costs comprise costs incurred for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">the sale and distribution of products sold during the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">year. This includes costs incurred for sales campaigns, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">training and administration of the sales force and for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">direct distribution, marketing and promotion. Also \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">included are salaries and other costs for the sales, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">distribution and marketing functions, loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0374em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">expected credit losses, amortization, depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.8706em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">other indirect costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:20.0564em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.1032em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0326em;\">Research and development costs include salaries and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.9363em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">costs directly attributable to the Group\u2019s research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.7694em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">development projects, less government grants. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.6026em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">more, salaries and costs supporting direct research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.4357em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">development, including costs of patents, rent, leasing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.2688em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">and depreciation attributable to laboratories, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.1019em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">external scientific consultancy services, are recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.9351em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">under research and development costs. No indirect or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.7682em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">general overhead costs that are not directly attributable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.6013em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">to research and development activities are included in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.4344em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">the disclosure of research and development expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.2676em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">recognized in the income statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.9344em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">Research costs are expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:32.7676em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Development costs are generally expensed in the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:33.6007em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">they occur. In line with industry custom, capitaliza- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:34.4338em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">tion of development costs does not begin until it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:35.2669em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">deemed realistic that the product can be completed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.1001em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">and marketed and it is highly likely that a marketing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.9332em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">authorization will be received. In addition, there must \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:37.7663em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">be sufficient certainty that the future earnings to the \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7404em;top:21.0994em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Group will cover not only production costs, direct distri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:21.9326em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">bution and administrative costs, but also the develop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:22.7657em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:24.4326em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Contract research and development costs incurred to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:25.2657em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">achieve revenue are included in \"Research and devel- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.0988em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">opment costs incurred this year\" in the below tabel and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.9319em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">then transferred under \"Contract costs recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:27.7651em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">production costs\" to be recognized as production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_566\" style=\"word-spacing:0.007em;\">Adminstrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.0814em;top:10.1457em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.0258em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Administrative costs include costs of Group Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.8589em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">ment, staff functions, administrative personnel, office \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.692em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">costs, rent, short-term lease payments and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:13.5252em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">not relating specifically to production, research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.3583em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">development or sales and distribution. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2247": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_612\" style=\"word-spacing:0.0089em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0296em;\">Research and development costs incurred this year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9863em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_227\">202</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_222\">981 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3569em;top:11.9088em;z-index:156;\"><span class=\"stl_268 stl_20 stl_595\">421</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_484\">118 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.5288em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Of which: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0298em;\">Contract costs recognized as production costs (note </span><span class=\"stl_268 stl_20 stl_548\">4</span><span class=\"stl_255 stl_20 stl_548\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6369em;top:14.5563em;z-index:227;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_425\">889</span><span class=\"stl_255 stl_20 stl_425\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4038em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_542\">959</span><span class=\"stl_255 stl_20 stl_542\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.5725em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0313em;\">Research and development costs recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8288em;top:15.5725em;z-index:299;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_324\">18</span><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_45\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1663em;top:15.5725em;z-index:311;\"><span class=\"stl_261 stl_16 stl_579\">399,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_26\">59 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:17.2038em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Fair value adjustment concerning financial instruments entered into to hedge research \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.0369em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.79em;top:18.0369em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_158\">201 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1638em;top:18.0369em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div><div class=\"stl_01\" style=\"left:4.725em;top:20.2544em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Under the Group\u2019s accounting policies development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.0875em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">costs are generally expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.9207em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">During the development of ABNCoV2, the Group has, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:22.7538em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">however, started capitalization of directly related \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:23.5869em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">development cost at commencement of the phase 2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:24.42em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">studies as \u2013 unlike most other development candidates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:25.2532em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">- the feasibility of developing a final vaccine and obtain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.0863em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">regulatory approval is considered likely, because the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:26.9194em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0251em;\">development of other COVID-19 vaccine candidates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:27.7525em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">based on the same antigen has been successful. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:28.5857em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Furthermore, the Group has ensured significant finance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:29.4188em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">of the development through the funding obtained from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:30.2519em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">Danish Ministry of Health and a minimum demand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.085em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">agreed in the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:31.9182em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Health. See further description in note 15. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:33.585em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.032em;\">Research and development costs include expenses for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:34.4182em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">external clinical research organizations, or CRO's, of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:35.2513em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0201em;\">874.9 million (DKK 160.5 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:20.0564em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.1032em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0326em;\">Research and development costs include salaries and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.9363em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">costs directly attributable to the Group\u2019s research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.7694em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">development projects, less government grants. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.6026em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">more, salaries and costs supporting direct research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.4357em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">development, including costs of patents, rent, leasing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.2688em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">and depreciation attributable to laboratories, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.1019em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">external scientific consultancy services, are recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.9351em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">under research and development costs. No indirect or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.7682em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">general overhead costs that are not directly attributable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.6013em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">to research and development activities are included in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.4344em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">the disclosure of research and development expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.2676em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">recognized in the income statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.9344em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">Research costs are expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:32.7676em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Development costs are generally expensed in the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:33.6007em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">they occur. In line with industry custom, capitaliza- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:34.4338em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">tion of development costs does not begin until it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:35.2669em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">deemed realistic that the product can be completed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.1001em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">and marketed and it is highly likely that a marketing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.9332em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">authorization will be received. In addition, there must \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:37.7663em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">be sufficient certainty that the future earnings to the \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7404em;top:21.0994em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Group will cover not only production costs, direct distri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:21.9326em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">bution and administrative costs, but also the develop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:22.7657em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:24.4326em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Contract research and development costs incurred to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:25.2657em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">achieve revenue are included in \"Research and devel- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.0988em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">opment costs incurred this year\" in the below tabel and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.9319em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">then transferred under \"Contract costs recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:27.7651em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">production costs\" to be recognized as production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:12.7133em;\"><span class=\"stl_261 stl_16 stl_328\" style=\"word-spacing:-0.0318em;\">Acquired rights and development in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">In July 2020, the Company concluded a license and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">collaboration agreement with AdaptVac. The license \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0325em;\">agreement provides Bavarian Nordic the global \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">commercialization rights to a COVID-19 vaccine candi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">date based on AdaptVac\u2019s technology. Under the terms \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the agreement AdaptVac has been responsible for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">running a Phase 1/2 open label, dose-escalation trial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">sponsored by Radhould University Medical Center. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Company has assumed the responsibility for the further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.039em;\">clinical development and manufacturing. At commence- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8833em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment of the positive Phase 2 trial the Company started \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.7164em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">capitalization of directly related development cost as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5495em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the feasibility of developing a final vaccine and obtain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3827em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0278em;\">regulatory approval is considered highly likely, see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.2158em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">further description under \"Significant accounting judge- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.0489em;\"><span class=\"stl_255 stl_20 stl_323\">ments\". \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.7158em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">The Company made an upfront payment of EUR 4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.5489em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">million to AdaptVac in 2020 when the license agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.382em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ment was signed. The upfront payment was capitalized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.2152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">and recognized as \"Acquired rights and development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.0483em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0257em;\">in progress\". The Company has also committed to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8814em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">payment of potential future development and sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.7145em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0233em;\">milestones and tiered royalties. At year-end 2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.5477em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Management assessed that those milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.3808em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">were not probable since no in-human studies had \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.2139em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">completed, hence milestone payments were not recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.047em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">nized as an asset and a liability as per December 31, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.8802em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">2020. Based on the positive clinical results during 2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:37.7133em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0259em;\">Management assessed at year-end 2021 that the like- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:38.5464em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">lihood of future regulatory approval of the Company's \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.2133em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">COVID-19 vaccine was high, hence milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0464em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0308em;\">to AdaptVac were expected to become payable. Based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8795em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">on current regulatory plans and expectations for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.7127em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">revenue from sale of the COVID-vacine all sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5458em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">stones and part of the development milestones were \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3789em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">assumed probable. At initial recognition in December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.212em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">2021 the net present value of the probable milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">payments was calculated amounting to DKK 596 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8783em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">million, and was recognized as part of the \"Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.7114em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">rights and development in progress\". A corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5445em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">liability was been recognized as deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3777em;\"><span class=\"stl_255 stl_20 stl_171\" style=\"word-spacing:0.0037em;\">(note 24). \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2258": {
   "value": "<div class=\"stl_01\" style=\"left:55.748em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_566\" style=\"word-spacing:0.007em;\">Adminstrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.0814em;top:10.1457em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.0258em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Administrative costs include costs of Group Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.8589em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">ment, staff functions, administrative personnel, office \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.692em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">costs, rent, short-term lease payments and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:13.5252em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">not relating specifically to production, research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.3583em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">development or sales and distribution. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2254": {
   "value": "<div class=\"stl_01\" style=\"left:23.0041em;top:20.0564em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.1032em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0326em;\">Research and development costs include salaries and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.9363em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">costs directly attributable to the Group\u2019s research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.7694em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">development projects, less government grants. Further- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.6026em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">more, salaries and costs supporting direct research and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:24.4357em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">development, including costs of patents, rent, leasing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.2688em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">and depreciation attributable to laboratories, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.1019em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">external scientific consultancy services, are recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.9351em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">under research and development costs. No indirect or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.7682em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">general overhead costs that are not directly attributable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.6013em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">to research and development activities are included in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.4344em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">the disclosure of research and development expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.2676em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">recognized in the income statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:31.9344em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">Research costs are expensed in the year they occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:32.7676em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Development costs are generally expensed in the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:33.6007em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">they occur. In line with industry custom, capitaliza- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:34.4338em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">tion of development costs does not begin until it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:35.2669em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">deemed realistic that the product can be completed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.1001em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">and marketed and it is highly likely that a marketing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:36.9332em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">authorization will be received. In addition, there must \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:37.7663em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">be sufficient certainty that the future earnings to the \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7404em;top:21.0994em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Group will cover not only production costs, direct distri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:21.9326em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">bution and administrative costs, but also the develop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:22.7657em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:24.4326em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Contract research and development costs incurred to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:25.2657em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">achieve revenue are included in \"Research and devel- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.0988em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">opment costs incurred this year\" in the below tabel and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:26.9319em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">then transferred under \"Contract costs recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7404em;top:27.7651em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">production costs\" to be recognized as production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:14.7274em;\"><span class=\"stl_261 stl_16 stl_328\" style=\"word-spacing:-0.0318em;\">Acquired rights and development in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5662em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0247em;\">Under the Group\u2019s accounting policies and in accordance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.3993em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0335em;\">with common industry practice, development costs are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.2324em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0307em;\">generally expensed in the year they occur. During the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.0656em;\"><span class=\"stl_255 stl_20 stl_604\" style=\"word-spacing:-0.0254em;\">development of ABNCoV2, the Group has, however, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.8987em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">started capitalization of directly related development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.7318em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0291em;\">cost at commencement of the Phase 2 and 3 studies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.5649em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0291em;\">as \u2013 unlike most other development candidates - the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.3981em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0307em;\">feasibility of developing a final vaccine and obtain regu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.2312em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.0269em;\">latory approval is considered highly likely. The Phase 1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.0643em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0288em;\">and Phase 2 clinical trial showed positive results in 2021- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.8974em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">22, further supported by positive six-month follow-up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.7306em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0321em;\">analysis for the Phase 2 clinical trial in October 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.5637em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0312em;\">The follow-up analysis demonstrated that six months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.3968em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">post the booster vaccination with ABNCoV2, the neutral- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.2299em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">ization antibody titers against Wuhan and the Omicron \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0631em;\"><span class=\"stl_255 stl_20 stl_453\" style=\"word-spacing:-0.0281em;\">variant remained high and at levels associated with a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.8962em;\"><span class=\"stl_255 stl_20 stl_166\" style=\"word-spacing:-0.0286em;\">greater than 90% efficacy. The Group initiated the global \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.3962em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0312em;\">Phase 3 clinical trial in September 2022 and initial results \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.2293em;\"><span class=\"stl_255 stl_20 stl_207\" style=\"word-spacing:-0.0256em;\">are expected to be ready in mid-2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.8962em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">In 2021 the Group ensured significant finance of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.7293em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0341em;\">development through the funding obtained from the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.5624em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">Danish Ministry of Health and a minimum demand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.3956em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0322em;\">agreed in the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.2287em;\"><span class=\"stl_255 stl_20 stl_441\">Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.8956em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0269em;\">In the winter of 2022/2023, we have seen a high \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.7287em;\"><span class=\"stl_255 stl_20 stl_326\" style=\"word-spacing:-0.0281em;\">number of COVID-19 infections. It is evident though, that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.5618em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0287em;\">booster vaccinations have been necessary to control the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.3949em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">pandemic. Management assesses that the booster vacci- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.228em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.027em;\">nations will continue to be required, at least for vulner- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.0612em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0328em;\">able groups as is the case for example with the flu \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.8943em;\"><span class=\"stl_255 stl_20 stl_77\" style=\"word-spacing:-0.0285em;\">market, where annual booster vaccinations are given. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.7274em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0299em;\">Hence, with the development of ABNCoV2 as a universal \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.5605em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0301em;\">booster vaccine with a better value proposition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.3937em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0295em;\">compared to the already approved vaccines, Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.2268em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0331em;\">ment expects that the Company can take a reasonable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.0599em;\"><span class=\"stl_255 stl_20 stl_323\" style=\"word-spacing:-0.025em;\">share of the future COVID-19 vaccine market, initially \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.893em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0274em;\">targeting governments, but over time moving towards a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.7262em;\"><span class=\"stl_255 stl_20 stl_77\" style=\"word-spacing:-0.0284em;\">more traditional market for private vaccinations. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2259": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_413\" style=\"word-spacing:0.0113em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Wages and salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4407em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_69\">664</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_298\">791 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2607em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_179\">535</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_184\">670 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7875em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_274\">52</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_294\">635 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6532em;top:12.9307em;z-index:155;\"><span class=\"stl_268 stl_20 stl_200\">44</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_339\">114 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0376em;\">Social security expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8038em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_45\">24</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_324\">861 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6025em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_09\">431 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">Other staff expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7607em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_75\">48</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.58em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_272\">510 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Share-based payment, see specification in note </span><span class=\"stl_268 stl_20 stl_326\">30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8063em;top:15.9963em;z-index:288;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">284 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6157em;top:15.9963em;z-index:296;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_133\">652 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3225em;top:17.0125em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0757em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Staff expenses are distributed as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4663em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_45\">333</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3044em;top:19.6657em;z-index:391;\"><span class=\"stl_268 stl_20 stl_548\">259</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">719 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Sales and distribution costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7938em;top:20.6876em;z-index:427;\"><span class=\"stl_268 stl_20 stl_281\">89</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_134\">304 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5807em;top:20.6876em;\"><span class=\"stl_268 stl_20 stl_231\">70</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">727 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.7094em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_288\">198</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_85\">838 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2575em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_402\">178</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_378\">439 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:22.7313em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Administrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:22.7313em;\"><span class=\"stl_268 stl_20 stl_514\">168</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">259 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3207em;top:22.7313em;z-index:521;\"><span class=\"stl_268 stl_20 stl_545\">137</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:23.7532em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">Capitalized salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8113em;top:23.7532em;z-index:549;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6813em;top:23.7532em;z-index:557;\"><span class=\"stl_268 stl_20 stl_574\">47</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3219em;top:24.7694em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.075em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:26.4007em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Average number of employees converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6444em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_265\">874 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3688em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_106\">734 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:27.4225em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Number of employees as of December </span><span class=\"stl_268 stl_20 stl_286\" style=\"word-spacing:0.06em;\">31 </span><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6107em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_151\">975 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3963em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_48\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.0319em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0324em;\">The Group only has defined contribution plans and pays \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.865em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">regular fixed contributions to independent pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:30.6982em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0344em;\">funds and insurance companies. \u00a0</span></div><div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">Staff costs include the following costs: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5288em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_329\">Remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1477em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9227em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_184\">202 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1583em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">750 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9302em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_250\">950 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Remuneration to Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.047em;top:16.5944em;z-index:1078;\"><span class=\"stl_261 stl_16 stl_613\">7,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9089em;top:16.5944em;z-index:1084;\"><span class=\"stl_261 stl_16 stl_568\">7,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_48\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:18.2201em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:19.2476em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1514em;top:19.2476em;z-index:1115;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_200\">873 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9195em;top:19.2476em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:20.2694em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1102em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">068 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9189em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_100\">956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6383em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_465\">692 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4083em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_294\">678 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:22.3132em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_242\">367 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.8914em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">048 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:23.335em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8102em;top:23.335em;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_75\">485 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9658em;top:23.335em;z-index:1253;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_278\">035 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:24.3513em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6883em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_11\">7,4</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4333em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_307\">4,37</span><span class=\"stl_257 stl_16 stl_307\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.9826em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8458em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_151\">527 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.622em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_338\">11</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_238\">630 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0044em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.142em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_158\">947 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9039em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_110\">946 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0263em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1395em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_307\">362 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.922em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">237 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0482em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_250\">472 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9245em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_271\">430 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.0701em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1358em;top:30.0701em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_222\">756 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0402em;top:30.0701em;z-index:1440;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">193 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0919em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0351em;\">Salary and benefits in notice period \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.187em;top:31.0919em;z-index:1483;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_325\">851 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9652em;top:31.0919em;z-index:1490;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_48\">378 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7045em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_38\">33,9</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4864em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_296\">81</span><span class=\"stl_261 stl_16 stl_296\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Remuneration to Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.662em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_313\">6</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5027em;top:33.7338em;z-index:1573;\"><span class=\"stl_261 stl_16 stl_548\">56,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_45\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Total Management remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6477em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_100\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.422em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_77\">63,344 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1638em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0313em;\">CEO and President of the Company Paul Chaplin and CFO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.9969em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0326em;\">Henrik Juuel constitute the Corporate Management in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8301em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0229em;\">the Parent Company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.4969em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0294em;\">COO Russell Thirsk, CPO Anu Kerns, CCO JC May and CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3301em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.029em;\">Laurence De Moerlooze constitute the Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1632em;\"><span class=\"stl_255 stl_20 stl_75\">Management. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8244em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0359em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6632em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">In March 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.4963em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0245em;\">12,682 restricted stock units (excl. matching shares) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3294em;\"><span class=\"stl_255 stl_20 stl_473\" style=\"word-spacing:-0.0258em;\">(8,833 restricted stock units) at a value of DKK 2.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1626em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0287em;\">(DKK 2.0 million) at grant. Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.9957em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0248em;\">was granted 9,896 restricted stock units (excl. matching \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8288em;\"><span class=\"stl_255 stl_20 stl_616\" style=\"word-spacing:-0.0232em;\">shares) (7,580 restricted stock units) corresponding to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6619em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0288em;\">a value of DKK 1.6 million (DKK 1.7 million) at grant. In \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.4951em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0263em;\">April 2022 CEO Paul Chaplin was granted 17,109 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3282em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0287em;\">stock units (excl. matching shares) as a part of the reten- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.1613em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0329em;\">tion agreement at a value of DKK 2.7 million. In April \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.9944em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">2022 COO Russell Thirsk was granted 4,446 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8276em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0254em;\">stock units (excl. matching shares) as a sign-on bonus at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6607em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">a value of DKK 0.7 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.3276em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0327em;\">In April 2022, the members of the Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1607em;\"><span class=\"stl_255 stl_20 stl_415\" style=\"word-spacing:-0.0225em;\">were granted in total 11,795 restricted stock units (7,127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.9938em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">restricted stock units) corresponding to 50% of their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8269em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0275em;\">fixed fee amounting to DKK 1.8 million (DKK 2.0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6601em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0332em;\">For further description of restricted stock units see note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.4932em;\"><span class=\"stl_255 stl_20 stl_242\">30. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.1544em;\"><span class=\"stl_261 stl_16 stl_96\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:10.9932em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0319em;\">In December 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8263em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.025em;\">126,487 warrants (137,030 warrants) with a fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.6594em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0228em;\">of DKK 9.9 million (DKK 10.4 million). Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.4926em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0343em;\">Management was granted 122,300 warrants (108,788 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3257em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0281em;\">warrants) with a fair value of DKK 9.6 million (DKK 8.3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.1588em;\"><span class=\"stl_255 stl_20 stl_614\">million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8257em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0268em;\">Fair value calculated based on Black-Scholes, cf. note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.4926em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">Incentive programs for the Executive Management and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3257em;\"><span class=\"stl_255 stl_20 stl_441\" style=\"word-spacing:-0.0276em;\">other employees are disclosed in note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.9926em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0312em;\">Members of the Executive Management have contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8257em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">of employment containing standard terms for members \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.6588em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0306em;\">of the Executive Management of Danish listed compa- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.4919em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">nies, including the periods of notice that both parties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.325em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">are required to give and competition clauses. If a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1582em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">contract of employment of a member of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.9913em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0292em;\">Management is terminated by the Company without \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.8244em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0341em;\">misconduct on the part of such member, the member of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6576em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">the Executive Management is entitled to compensation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.4907em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0315em;\">which, depending on the circumstances, may amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3238em;\"><span class=\"stl_255 stl_20 stl_220\" style=\"word-spacing:-0.0251em;\">a maximum of 8-18 months' remuneration. In the event \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.1569em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0297em;\">of a change of control the compensation can amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.99em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.0289em;\">24 months' remuneration. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_413\" style=\"word-spacing:0.0112em;\">Staff costs </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2264": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_413\" style=\"word-spacing:0.0113em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Wages and salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4407em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_69\">664</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_298\">791 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2607em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_179\">535</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_184\">670 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7875em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_274\">52</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_294\">635 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6532em;top:12.9307em;z-index:155;\"><span class=\"stl_268 stl_20 stl_200\">44</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_339\">114 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0376em;\">Social security expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8038em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_45\">24</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_324\">861 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6025em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_09\">431 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">Other staff expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7607em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_75\">48</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.58em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_272\">510 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Share-based payment, see specification in note </span><span class=\"stl_268 stl_20 stl_326\">30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8063em;top:15.9963em;z-index:288;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">284 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6157em;top:15.9963em;z-index:296;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_133\">652 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3225em;top:17.0125em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0757em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Staff expenses are distributed as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4663em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_45\">333</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3044em;top:19.6657em;z-index:391;\"><span class=\"stl_268 stl_20 stl_548\">259</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">719 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Sales and distribution costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7938em;top:20.6876em;z-index:427;\"><span class=\"stl_268 stl_20 stl_281\">89</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_134\">304 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5807em;top:20.6876em;\"><span class=\"stl_268 stl_20 stl_231\">70</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">727 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.7094em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_288\">198</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_85\">838 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2575em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_402\">178</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_378\">439 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:22.7313em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Administrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:22.7313em;\"><span class=\"stl_268 stl_20 stl_514\">168</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">259 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3207em;top:22.7313em;z-index:521;\"><span class=\"stl_268 stl_20 stl_545\">137</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:23.7532em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">Capitalized salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8113em;top:23.7532em;z-index:549;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6813em;top:23.7532em;z-index:557;\"><span class=\"stl_268 stl_20 stl_574\">47</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3219em;top:24.7694em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.075em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:26.4007em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Average number of employees converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6444em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_265\">874 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3688em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_106\">734 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:27.4225em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Number of employees as of December </span><span class=\"stl_268 stl_20 stl_286\" style=\"word-spacing:0.06em;\">31 </span><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6107em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_151\">975 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3963em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_48\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.0319em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0324em;\">The Group only has defined contribution plans and pays \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.865em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">regular fixed contributions to independent pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:30.6982em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0344em;\">funds and insurance companies. \u00a0</span></div><div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">Staff costs include the following costs: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5288em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_329\">Remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1477em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9227em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_184\">202 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1583em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">750 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9302em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_250\">950 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Remuneration to Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.047em;top:16.5944em;z-index:1078;\"><span class=\"stl_261 stl_16 stl_613\">7,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9089em;top:16.5944em;z-index:1084;\"><span class=\"stl_261 stl_16 stl_568\">7,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_48\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:18.2201em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:19.2476em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1514em;top:19.2476em;z-index:1115;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_200\">873 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9195em;top:19.2476em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:20.2694em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1102em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">068 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9189em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_100\">956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6383em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_465\">692 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4083em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_294\">678 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:22.3132em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_242\">367 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.8914em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">048 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:23.335em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8102em;top:23.335em;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_75\">485 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9658em;top:23.335em;z-index:1253;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_278\">035 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:24.3513em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6883em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_11\">7,4</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4333em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_307\">4,37</span><span class=\"stl_257 stl_16 stl_307\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.9826em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8458em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_151\">527 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.622em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_338\">11</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_238\">630 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0044em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.142em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_158\">947 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9039em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_110\">946 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0263em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1395em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_307\">362 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.922em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">237 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0482em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_250\">472 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9245em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_271\">430 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.0701em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1358em;top:30.0701em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_222\">756 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0402em;top:30.0701em;z-index:1440;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">193 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0919em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0351em;\">Salary and benefits in notice period \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.187em;top:31.0919em;z-index:1483;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_325\">851 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9652em;top:31.0919em;z-index:1490;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_48\">378 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7045em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_38\">33,9</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4864em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_296\">81</span><span class=\"stl_261 stl_16 stl_296\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Remuneration to Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.662em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_313\">6</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5027em;top:33.7338em;z-index:1573;\"><span class=\"stl_261 stl_16 stl_548\">56,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_45\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Total Management remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6477em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_100\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.422em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_77\">63,344 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1638em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0313em;\">CEO and President of the Company Paul Chaplin and CFO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.9969em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0326em;\">Henrik Juuel constitute the Corporate Management in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8301em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0229em;\">the Parent Company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.4969em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0294em;\">COO Russell Thirsk, CPO Anu Kerns, CCO JC May and CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3301em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.029em;\">Laurence De Moerlooze constitute the Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1632em;\"><span class=\"stl_255 stl_20 stl_75\">Management. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8244em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0359em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6632em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">In March 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.4963em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0245em;\">12,682 restricted stock units (excl. matching shares) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3294em;\"><span class=\"stl_255 stl_20 stl_473\" style=\"word-spacing:-0.0258em;\">(8,833 restricted stock units) at a value of DKK 2.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1626em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0287em;\">(DKK 2.0 million) at grant. Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.9957em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0248em;\">was granted 9,896 restricted stock units (excl. matching \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8288em;\"><span class=\"stl_255 stl_20 stl_616\" style=\"word-spacing:-0.0232em;\">shares) (7,580 restricted stock units) corresponding to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6619em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0288em;\">a value of DKK 1.6 million (DKK 1.7 million) at grant. In \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.4951em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0263em;\">April 2022 CEO Paul Chaplin was granted 17,109 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3282em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0287em;\">stock units (excl. matching shares) as a part of the reten- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.1613em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0329em;\">tion agreement at a value of DKK 2.7 million. In April \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.9944em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">2022 COO Russell Thirsk was granted 4,446 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8276em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0254em;\">stock units (excl. matching shares) as a sign-on bonus at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6607em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">a value of DKK 0.7 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.3276em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0327em;\">In April 2022, the members of the Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1607em;\"><span class=\"stl_255 stl_20 stl_415\" style=\"word-spacing:-0.0225em;\">were granted in total 11,795 restricted stock units (7,127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.9938em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">restricted stock units) corresponding to 50% of their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8269em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0275em;\">fixed fee amounting to DKK 1.8 million (DKK 2.0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6601em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0332em;\">For further description of restricted stock units see note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.4932em;\"><span class=\"stl_255 stl_20 stl_242\">30. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.1544em;\"><span class=\"stl_261 stl_16 stl_96\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:10.9932em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0319em;\">In December 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8263em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.025em;\">126,487 warrants (137,030 warrants) with a fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.6594em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0228em;\">of DKK 9.9 million (DKK 10.4 million). Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.4926em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0343em;\">Management was granted 122,300 warrants (108,788 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3257em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0281em;\">warrants) with a fair value of DKK 9.6 million (DKK 8.3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.1588em;\"><span class=\"stl_255 stl_20 stl_614\">million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8257em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0268em;\">Fair value calculated based on Black-Scholes, cf. note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.4926em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">Incentive programs for the Executive Management and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3257em;\"><span class=\"stl_255 stl_20 stl_441\" style=\"word-spacing:-0.0276em;\">other employees are disclosed in note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.9926em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0312em;\">Members of the Executive Management have contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8257em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">of employment containing standard terms for members \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.6588em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0306em;\">of the Executive Management of Danish listed compa- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.4919em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">nies, including the periods of notice that both parties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.325em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">are required to give and competition clauses. If a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1582em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">contract of employment of a member of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.9913em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0292em;\">Management is terminated by the Company without \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.8244em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0341em;\">misconduct on the part of such member, the member of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6576em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">the Executive Management is entitled to compensation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.4907em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0315em;\">which, depending on the circumstances, may amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3238em;\"><span class=\"stl_255 stl_20 stl_220\" style=\"word-spacing:-0.0251em;\">a maximum of 8-18 months' remuneration. In the event \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.1569em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0297em;\">of a change of control the compensation can amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.99em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.0289em;\">24 months' remuneration. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2268": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_413\" style=\"word-spacing:0.0113em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Wages and salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4407em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_69\">664</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_298\">791 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2607em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_179\">535</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_184\">670 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7875em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_274\">52</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_294\">635 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6532em;top:12.9307em;z-index:155;\"><span class=\"stl_268 stl_20 stl_200\">44</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_339\">114 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0376em;\">Social security expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8038em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_45\">24</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_324\">861 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6025em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_09\">431 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">Other staff expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7607em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_75\">48</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.58em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_272\">510 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Share-based payment, see specification in note </span><span class=\"stl_268 stl_20 stl_326\">30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8063em;top:15.9963em;z-index:288;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">284 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6157em;top:15.9963em;z-index:296;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_133\">652 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3225em;top:17.0125em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0757em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0346em;\">Staff expenses are distributed as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4663em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_45\">333</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3044em;top:19.6657em;z-index:391;\"><span class=\"stl_268 stl_20 stl_548\">259</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">719 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Sales and distribution costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7938em;top:20.6876em;z-index:427;\"><span class=\"stl_268 stl_20 stl_281\">89</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_134\">304 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5807em;top:20.6876em;\"><span class=\"stl_268 stl_20 stl_231\">70</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">727 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.7094em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_288\">198</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_85\">838 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2575em;top:21.7094em;\"><span class=\"stl_268 stl_20 stl_402\">178</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_378\">439 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:22.7313em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Administrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4507em;top:22.7313em;\"><span class=\"stl_268 stl_20 stl_514\">168</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">259 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3207em;top:22.7313em;z-index:521;\"><span class=\"stl_268 stl_20 stl_545\">137</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:23.7532em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0347em;\">Capitalized salaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8113em;top:23.7532em;z-index:549;\"><span class=\"stl_268 stl_20 stl_312\">49</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6813em;top:23.7532em;z-index:557;\"><span class=\"stl_268 stl_20 stl_574\">47</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Staff costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3219em;top:24.7694em;\"><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_45\">39,944 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.075em;top:24.7694em;\"><span class=\"stl_261 stl_16 stl_172\">693,377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:26.4007em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Average number of employees converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6444em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_265\">874 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3688em;top:26.4007em;\"><span class=\"stl_268 stl_20 stl_106\">734 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:27.4225em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Number of employees as of December </span><span class=\"stl_268 stl_20 stl_286\" style=\"word-spacing:0.06em;\">31 </span><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">converted to full-time \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6107em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_151\">975 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3963em;top:27.4225em;\"><span class=\"stl_268 stl_20 stl_48\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.0319em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0324em;\">The Group only has defined contribution plans and pays \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:29.865em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">regular fixed contributions to independent pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:30.6982em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0344em;\">funds and insurance companies. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2269": {
   "value": "<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">Staff costs include the following costs: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5288em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_329\">Remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1477em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9227em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_184\">202 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1583em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">750 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9302em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_250\">950 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Remuneration to Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.047em;top:16.5944em;z-index:1078;\"><span class=\"stl_261 stl_16 stl_613\">7,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9089em;top:16.5944em;z-index:1084;\"><span class=\"stl_261 stl_16 stl_568\">7,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_48\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:18.2201em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:19.2476em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1514em;top:19.2476em;z-index:1115;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_200\">873 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9195em;top:19.2476em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:20.2694em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1102em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">068 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9189em;top:20.2694em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_100\">956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6383em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_465\">692 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4083em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_294\">678 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:22.3132em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_242\">367 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.8914em;top:22.3132em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">048 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7414em;top:23.335em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8102em;top:23.335em;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_75\">485 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9658em;top:23.335em;z-index:1253;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_278\">035 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:24.3513em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6883em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_11\">7,4</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4333em;top:24.3513em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_307\">4,37</span><span class=\"stl_257 stl_16 stl_307\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.9826em;\"><span class=\"stl_255 stl_20 stl_365\">Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8458em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_151\">527 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.622em;top:25.9826em;\"><span class=\"stl_268 stl_20 stl_338\">11</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_238\">630 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0044em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">Paid bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.142em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_158\">947 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9039em;top:27.0044em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_110\">946 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0263em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Other employee benefits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1395em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_307\">362 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.922em;top:28.0263em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">237 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0482em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Contribution based pension \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1402em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_250\">472 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9245em;top:29.0482em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_271\">430 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.0701em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1358em;top:30.0701em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_222\">756 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0402em;top:30.0701em;z-index:1440;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">193 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0919em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0351em;\">Salary and benefits in notice period \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.187em;top:31.0919em;z-index:1483;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_325\">851 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9652em;top:31.0919em;z-index:1490;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_48\">378 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7045em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_38\">33,9</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4864em;top:32.1082em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_296\">81</span><span class=\"stl_261 stl_16 stl_296\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Remuneration to Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.662em;top:33.7338em;\"><span class=\"stl_261 stl_16 stl_313\">6</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5027em;top:33.7338em;z-index:1573;\"><span class=\"stl_261 stl_16 stl_548\">56,</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_45\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Total Management remuneration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6477em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_100\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.422em;top:35.3594em;\"><span class=\"stl_261 stl_16 stl_77\">63,344 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.1638em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0313em;\">CEO and President of the Company Paul Chaplin and CFO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.9969em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0326em;\">Henrik Juuel constitute the Corporate Management in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8301em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0229em;\">the Parent Company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.4969em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0294em;\">COO Russell Thirsk, CPO Anu Kerns, CCO JC May and CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3301em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.029em;\">Laurence De Moerlooze constitute the Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.1632em;\"><span class=\"stl_255 stl_20 stl_75\">Management. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8244em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0359em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.6632em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">In March 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.4963em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0245em;\">12,682 restricted stock units (excl. matching shares) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3294em;\"><span class=\"stl_255 stl_20 stl_473\" style=\"word-spacing:-0.0258em;\">(8,833 restricted stock units) at a value of DKK 2.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.1626em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0287em;\">(DKK 2.0 million) at grant. Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.9957em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0248em;\">was granted 9,896 restricted stock units (excl. matching \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8288em;\"><span class=\"stl_255 stl_20 stl_616\" style=\"word-spacing:-0.0232em;\">shares) (7,580 restricted stock units) corresponding to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.6619em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0288em;\">a value of DKK 1.6 million (DKK 1.7 million) at grant. In \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.4951em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0263em;\">April 2022 CEO Paul Chaplin was granted 17,109 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3282em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0287em;\">stock units (excl. matching shares) as a part of the reten- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.1613em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0329em;\">tion agreement at a value of DKK 2.7 million. In April \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.9944em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">2022 COO Russell Thirsk was granted 4,446 restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.8276em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0254em;\">stock units (excl. matching shares) as a sign-on bonus at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.6607em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0319em;\">a value of DKK 0.7 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.3276em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0327em;\">In April 2022, the members of the Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.1607em;\"><span class=\"stl_255 stl_20 stl_415\" style=\"word-spacing:-0.0225em;\">were granted in total 11,795 restricted stock units (7,127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.9938em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">restricted stock units) corresponding to 50% of their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8269em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0275em;\">fixed fee amounting to DKK 1.8 million (DKK 2.0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.6601em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0332em;\">For further description of restricted stock units see note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.4932em;\"><span class=\"stl_255 stl_20 stl_242\">30. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.1544em;\"><span class=\"stl_261 stl_16 stl_96\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:10.9932em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0319em;\">In December 2022 Corporate Management was granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8263em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.025em;\">126,487 warrants (137,030 warrants) with a fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.6594em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0228em;\">of DKK 9.9 million (DKK 10.4 million). Other Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.4926em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0343em;\">Management was granted 122,300 warrants (108,788 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3257em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0281em;\">warrants) with a fair value of DKK 9.6 million (DKK 8.3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.1588em;\"><span class=\"stl_255 stl_20 stl_614\">million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8257em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0268em;\">Fair value calculated based on Black-Scholes, cf. note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.4926em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">Incentive programs for the Executive Management and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3257em;\"><span class=\"stl_255 stl_20 stl_441\" style=\"word-spacing:-0.0276em;\">other employees are disclosed in note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.9926em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0312em;\">Members of the Executive Management have contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8257em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">of employment containing standard terms for members \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.6588em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0306em;\">of the Executive Management of Danish listed compa- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.4919em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0318em;\">nies, including the periods of notice that both parties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.325em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0284em;\">are required to give and competition clauses. If a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.1582em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0304em;\">contract of employment of a member of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.9913em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0292em;\">Management is terminated by the Company without \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.8244em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0341em;\">misconduct on the part of such member, the member of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.6576em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0315em;\">the Executive Management is entitled to compensation, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.4907em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0315em;\">which, depending on the circumstances, may amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3238em;\"><span class=\"stl_255 stl_20 stl_220\" style=\"word-spacing:-0.0251em;\">a maximum of 8-18 months' remuneration. In the event \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.1569em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0297em;\">of a change of control the compensation can amount to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.99em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.0289em;\">24 months' remuneration. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2272": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_445\" style=\"word-spacing:0.0033em;\">Note 9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_86\" style=\"word-spacing:0.0018em;\">Depreciation, amortization and impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9032em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0382em;\">Depreciation and amortization included in: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.4664em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_514\">352</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.237em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_198\">348</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_09\">243 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Sales and distribution costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9427em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_344\">73 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.7258em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_134\">34 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1258em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_65\">403 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9414em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_543\">718 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Administrative costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.822em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_271\">40</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_340\">217 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.582em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_280\">697 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0368em;\">Depreciation and amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3308em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_419\">399,</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_26\">47 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.1358em;top:17.0125em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_615\">7,69</span><span class=\"stl_257 stl_16 stl_615\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0311em;\">Hereof loss from disposed fixed assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2264em;top:18.6438em;z-index:2726;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">175 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.912em;top:18.6438em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">259 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:20.2638em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.038em;\">Impairment losses included in: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Production costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3983em;top:21.2913em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4408em;top:21.2913em;\"><span class=\"stl_268 stl_20 stl_613\">618 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7389em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0367em;\">Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3902em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.3608em;top:22.3076em;\"><span class=\"stl_261 stl_16 stl_313\">6</span><span class=\"stl_257 stl_16 stl_305\">18 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7383em;top:23.9226em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The product rights to Rabipur/RabAvert and Encepur are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:24.7557em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">amortized over 20 years with an annual amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:25.5888em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">of DKK 272.9 million. The amortization is recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:26.4219em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">part of cost of goods sold under production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7464em;top:23.9219em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">The product rights was acquired from GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7464em;top:24.755em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">as per December 31, 2019. See further description in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7464em;top:25.5882em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0204em;\">note 15. \u00a0</span></div><div class=\"stl_01\" style=\"left:41.344em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6696em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_73\">Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.054em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2746em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.04em;\">rights and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6721em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_380\">intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2696em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:1.0869em;\">Product development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.139em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.034em;\">assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:13.6738em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.8015em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_330\">rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0115em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_199\" style=\"word-spacing:-0.029em;\">in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.3209em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_506\">Software \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1777em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_78\">progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9784em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:15.3582em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8571em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_307\">458</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_242\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.074em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_125\">733</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_130\">770 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7877em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_432\">100</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_246\">385 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.534em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_176\">134</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_324\">371 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7921em;top:15.3582em;z-index:306;\"><span class=\"stl_268 stl_20 stl_18\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_625\">427</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_238\">226 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.1427em;top:16.38em;z-index:327;\"><span class=\"stl_268 stl_20 stl_299\">279</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">714 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.4421em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_472\">006 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5459em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_51\">142</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_26\">691 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2846em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_310\">425</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_588\">411 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9971em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.4327em;top:17.4019em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_200\">572 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9609em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">572</span><span class=\"stl_255 stl_20 stl_294\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1702em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9971em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9752em;top:18.4238em;\"><span class=\"stl_268 stl_20 stl_524\">131 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4459em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.424em;top:18.4238em;\"><span class=\"stl_268 stl_20 stl_524\">131 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0251em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6352em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3821em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_564\">01</span><span class=\"stl_261 stl_16 stl_234\">3,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6228em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_308\">10</span><span class=\"stl_261 stl_16 stl_65\">6,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3715em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_626\">74,49</span><span class=\"stl_257 stl_16 stl_626\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5477em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_76\">6,</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_282\">,76</span><span class=\"stl_257 stl_16 stl_282\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Amortization as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3477em;top:21.0713em;\"><span class=\"stl_268 stl_20 stl_445\">545</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_277\">870 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1346em;top:21.0713em;z-index:546;\"><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_344\">400 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2477em;top:21.0713em;\"><span class=\"stl_268 stl_20 stl_298\">623</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_26\">270 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_330\">Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3509em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1352em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_249\">13</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_332\">908 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.214em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_492\">286</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2715em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2915em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7402em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Amortization as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.1815em;top:24.1313em;\"><span class=\"stl_257 stl_16 stl_179\">818</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_326\">80</span><span class=\"stl_261 stl_16 stl_326\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9884em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0084em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_158\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4371em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1771em;top:24.1313em;z-index:699;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_292\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6552em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_294\">4,639,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3809em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_564\">01</span><span class=\"stl_261 stl_16 stl_234\">3,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0177em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_342\">4,76</span><span class=\"stl_257 stl_16 stl_342\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3709em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_626\">74,49</span><span class=\"stl_257 stl_16 stl_626\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5465em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_566\">5,94</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_133\">,637 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:27.3825em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0369em;\">Geographical split of intangible assets \u2013 </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:28.41em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7696em;top:28.41em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_605\">941</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_319\">664 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:29.4319em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3809em;top:29.4319em;\"><span class=\"stl_268 stl_20 stl_76\">973 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">Total intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5465em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_566\">5,94</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_133\">,637 \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2276": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_563\" style=\"word-spacing:0.0029em;\">Fees to auditor appointed at the annual general \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:7.8268em;z-index:53;\"><span class=\"stl_560 stl_57 stl_514\">meeting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">Audit of financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0988em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.955em;top:11.9088em;z-index:131;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_26\">173 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">Other assurance services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6532em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_338\">176 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.395em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">Tax advisory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6075em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_172\">501 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.375em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_76\">720 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">Other services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.63em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_564\">143 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4132em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_106\">Fees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0163em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_184\">028 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7738em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_133\">3,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_344\">66 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.6057em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">The fee for non-audit services provided to the Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.4388em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">by Deloitte Statsautoriseret Revisionspartnerselskab, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.2719em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Denmark, amounted to DKK 0.3 million (DKK 0.6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.105em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.0241em;\">million) and consisted of assurance work related to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.9382em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">the assistance with compliance reviews, and other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.7713em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0345em;\">accounting and tax advisory services. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2277": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">Financial income from bank and deposit contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Interest income from financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Financial income from securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.847em;top:14.5563em;z-index:755;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_242\">543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6258em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">045 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Adjustment of deferred consideration due to change in estimated timing of payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.777em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_100\">54</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_246\">390 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6545em;top:15.5782em;z-index:861;\"><span class=\"stl_268 stl_20 stl_50\">32</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_278\">185 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3989em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9164em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_200\">677 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Net foreign exchange gains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1283em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9045em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.0369em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6639em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_124\">,537 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4408em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_45\">33 \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2278": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">Financial income from bank and deposit contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Interest income from financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Financial income from securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.847em;top:14.5563em;z-index:755;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_242\">543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6258em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">045 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Adjustment of deferred consideration due to change in estimated timing of payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.777em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_100\">54</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_246\">390 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6545em;top:15.5782em;z-index:861;\"><span class=\"stl_268 stl_20 stl_50\">32</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_278\">185 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3989em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9164em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_200\">677 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Net foreign exchange gains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1283em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9045em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.0369em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6639em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_124\">,537 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4408em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_45\">33 \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2279": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">Financial income from bank and deposit contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Interest income from financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Financial income from securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.847em;top:14.5563em;z-index:755;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_242\">543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6258em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">045 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Adjustment of deferred consideration due to change in estimated timing of payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.777em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_100\">54</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_246\">390 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6545em;top:15.5782em;z-index:861;\"><span class=\"stl_268 stl_20 stl_50\">32</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_278\">185 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3989em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9164em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_200\">677 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Net foreign exchange gains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1283em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9045em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.0369em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6639em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_124\">,537 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4408em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_45\">33 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">Interest income is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">at the amounts relating to the financial year. Financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">income also includes net positive value adjustments of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">financial instruments and securities, adjustment of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">net present value of provisions and net currency gains. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2283": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">Financial income from bank and deposit contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Interest income from financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Financial income from securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.847em;top:14.5563em;z-index:755;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_242\">543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6258em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">045 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Adjustment of deferred consideration due to change in estimated timing of payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.777em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_100\">54</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_246\">390 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6545em;top:15.5782em;z-index:861;\"><span class=\"stl_268 stl_20 stl_50\">32</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_278\">185 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3989em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9164em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_200\">677 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Net foreign exchange gains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1283em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9045em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.0369em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6639em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_124\">,537 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4408em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_45\">33 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">Interest income is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">at the amounts relating to the financial year. Financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">income also includes net positive value adjustments of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">financial instruments and securities, adjustment of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">net present value of provisions and net currency gains. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2285": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0022em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">Financial income from bank and deposit contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Interest income from financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.9583em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_48\">26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9295em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Financial income from securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.847em;top:14.5563em;z-index:755;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_242\">543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6258em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">045 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Adjustment of deferred consideration due to change in estimated timing of payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.777em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_100\">54</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_246\">390 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6545em;top:15.5782em;z-index:861;\"><span class=\"stl_268 stl_20 stl_50\">32</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_278\">185 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3989em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9164em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_200\">677 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Net foreign exchange gains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1283em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9045em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.0369em;\">Financial income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6639em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_124\">,537 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4408em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_45\">33 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">Interest income is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">at the amounts relating to the financial year. Financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">income also includes net positive value adjustments of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">financial instruments and securities, adjustment of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">net present value of provisions and net currency gains. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2289": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">Interest income is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">at the amounts relating to the financial year. Financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">income also includes net positive value adjustments of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">financial instruments and securities, adjustment of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">net present value of provisions and net currency gains. \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2291": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2292": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_50\" style=\"word-spacing:0.011em;\">Note 26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0045em;\">Debt to credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0352em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.0295em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:12.7083em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_635\" style=\"word-spacing:-0.0387em;\">Mortgage </span><sup style=\"top: -0.2076em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.7309em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_238\">922 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.4228em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">283 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.149em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_106\">725 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5778em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6659em;top:14.7581em;z-index:218;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.704em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.839em;top:14.7581em;z-index:235;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7744em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.4071em;top:15.7744em;z-index:250;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_325\">10</span><span class=\"stl_261 stl_16 stl_100\">5,5</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_238\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.3071em;top:15.7744em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_307\">28</span><span class=\"stl_261 stl_16 stl_307\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0334em;top:15.7744em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_307\">,7</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_100\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.584em;top:15.7744em;z-index:269;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_124\">122</span><span class=\"stl_261 stl_16 stl_124\">,59</span><span class=\"stl_257 stl_16 stl_124\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:18.0031em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:19.0307em;\"><span class=\"stl_255 stl_20 stl_635\" style=\"word-spacing:-0.0387em;\">Mortgage </span><sup style=\"top: -0.2071em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.7844em;top:19.0316em;z-index:294;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_296\">178 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.425em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_326\">673 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8294em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">223 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6275em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:20.0535em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0356em;\">European Investment Bank (loan in DKK) </span><sup style=\"top: -0.2079em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.1118em;top:20.0537em;z-index:367;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7036em;top:20.0537em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.428em;top:20.0537em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2849em;top:20.0537em;z-index:382;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7136em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0211em;top:21.0756em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7036em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.428em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1949em;top:21.0756em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7143em;top:22.0919em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.9018em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_597\">74,373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.3087em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_237\">,673 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.6943em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_200\">22</span><span class=\"stl_261 stl_16 stl_200\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0786em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_43\">93,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_303\">69 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.5797em;\"><span class=\"stl_251 stl_20 stl_59\" style=\"word-spacing:-0.0415em;\">1) Floating interest \u2013 swapped to fixed interest of 0.9625% \u2013 expiry 2031 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3992em;\"><span class=\"stl_251 stl_20 stl_138\" style=\"word-spacing:-0.0427em;\">2) Fixed interest of 3.532% - bullet loan repaid in October 2022 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:26.0551em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The fair value of the debt to credit institutions amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.8883em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">to DKK 1,122.6 million (DKK 893.5 million). The fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.7214em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">value of mortgage debt is based on the market value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.5545em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the underlying bonds set by the bank (level 2), \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.3876em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">whereas the fair value of the security lending is based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.2208em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">on a discounted cash analysis flow of future payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.0539em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">of interest and principal by applying a market based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.887em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.0191em;\">discount rate (level 2). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.5539em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The tables below detail changes in the Group's liabil- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.387em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">ities arising from financing activities, both cash and \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7221em;top:26.0539em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.034em;\">non-cash changes. Liabilities arising from financing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:26.887em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">activities are those for which cash flows were, or future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:27.7201em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">cash flows will be, classified in the Group's consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:28.5533em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">statement of cash flow as cash flows from financing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:29.3864em;\"><span class=\"stl_255 stl_20 stl_140\">activities. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Cash flow from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9877em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_620\">January \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.6227em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_344\">Cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.9708em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_653\">Non-cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.4833em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_345\">December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8152em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.122em;top:11.8095em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.817em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.5414em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.9552em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:13.4939em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:14.5214em;\"><span class=\"stl_255 stl_20 stl_635\">Mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4795em;top:14.5214em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.3145em;top:14.5214em;z-index:1527;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_282\">144</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:14.5214em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6039em;top:14.5214em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0337em;\">European Investment Bank (loan in DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1377em;top:15.5433em;z-index:1585;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6539em;top:15.5433em;z-index:1595;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_11\">195</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1783em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:16.5652em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.047em;top:16.5652em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.8133em;top:16.5652em;\"><span class=\"stl_268 stl_20 stl_125\">603</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:16.5652em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.8645em;top:16.5652em;z-index:1665;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.587em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1289em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7676em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_166\">400</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1795em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_333\">909 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2289em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6089em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4233em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.9745em;top:18.6089em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_356\">981</span><span class=\"stl_255 stl_20 stl_356\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.8602em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_329\">489 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6089em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.6252em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Total liabilities from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.4633em;top:19.6252em;z-index:1834;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_514\">,593 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6751em;top:19.6252em;\"><span class=\"stl_261 stl_16 stl_329\">6</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_654\">7,34</span><span class=\"stl_257 stl_16 stl_654\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.7564em;top:19.6252em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_48\">9,39</span><span class=\"stl_257 stl_16 stl_48\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6245em;top:19.6252em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_11\">,759,33</span><span class=\"stl_257 stl_16 stl_11\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9876em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_620\">January \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.6226em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_344\">Cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.9708em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_653\">Non-cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.4833em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_345\">December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7401em;top:22.3733em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1395em;top:22.3677em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.817em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.5414em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.9726em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:24.052em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:25.0795em;\"><span class=\"stl_255 stl_20 stl_635\">Mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4189em;top:25.0795em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_565\">247 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.3295em;top:25.0795em;z-index:1954;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_548\">173</span><span class=\"stl_255 stl_20 stl_548\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4533em;top:25.0795em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.652em;top:25.0795em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7389em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0337em;\">European Investment Bank (loan in DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1364em;top:26.1014em;z-index:2012;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7283em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4526em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3095em;top:26.1014em;z-index:2027;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.0039em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7708em;top:27.1233em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4533em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2202em;top:27.1233em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:28.1452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.0051em;top:28.1452em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7976em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_179\">160</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7195em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3026em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7401em;top:29.167em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4414em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_285\">74</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_242\">623 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.9758em;top:29.167em;z-index:2182;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_237\">507</span><span class=\"stl_255 stl_20 stl_237\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.8651em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_280\">697 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5964em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Total liabilities from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9289em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_09\">47</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_74\">0</span><span class=\"stl_261 stl_16 stl_298\">65 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6358em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_250\">63</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.6995em;top:30.1833em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_76\">4,</span><span class=\"stl_257 stl_16 stl_238\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6358em;top:30.1833em;z-index:2264;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_514\">,593 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:32.0612em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.108em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">Loans are measured at the time of borrowing at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.9411em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">value less any transaction costs. Subsequently, debt is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.7742em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">measured at amortized cost. This means that the differ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6074em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">ence between the proceeds of the loan and the amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.4405em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">to be repaid is recognized in the income statement over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.2736em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">the term of the loan as a financial expense using the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.1067em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">effective interest method. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2299": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2301": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2303": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_445\" style=\"word-spacing:0.0033em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Interest expenses on debt \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Interest expenses on financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7825em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_412\">640 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_134\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.5563em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">Fair value adjustments on securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4657em;top:14.5563em;\"><span class=\"stl_268 stl_20 stl_51\">190</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">301 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5975em;top:14.5563em;z-index:243;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_326\">056 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Unwinding of the discount related to deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.48em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_250\">049 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:15.5782em;\"><span class=\"stl_268 stl_20 stl_71\">133</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">573 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">Currency adjustment deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">Net loss on derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8775em;top:17.6219em;z-index:468;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_325\">776 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1625em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Financial expenses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3194em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_408\">339,363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1982em;top:18.6382em;z-index:503;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_618\">11</span><span class=\"stl_261 stl_16 stl_618\">6 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2305": {
   "value": "<div class=\"stl_01\" style=\"left:5.9962em;top:20.5135em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5603em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">Interest expenses are recognized in the income state- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">ment at the amounts relating to the financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.2266em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Financial expenses also include adjustment of net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.0597em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">present value of the deferred consideration, cf. note 24, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8928em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">negative value adjustments of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.726em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">and securities and net currency losses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2306": {
   "value": "<div class=\"stl_01\" style=\"left:4.714em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 13 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_452\" style=\"word-spacing:0.0178em;\">Tax for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1815em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9784em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9032em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0296em;\">Tax recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">Current tax on profit for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7959em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_305\">15</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_199\">738 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8865em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_274\">923 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Adjustments to current tax for previous years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9327em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_26\">33 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8902em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">422 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.9688em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Current tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6596em;top:14.9688em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_308\">5,77</span><span class=\"stl_257 stl_16 stl_308\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.419em;top:14.9688em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_76\">,345 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">Deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3659em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1452em;top:16.5944em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.2201em;\"><span class=\"stl_261 stl_16 stl_106\" style=\"word-spacing:-0.0299em;\">Tax for the year recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6596em;top:18.2201em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_308\">5,77</span><span class=\"stl_257 stl_16 stl_308\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.419em;top:18.2201em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_76\">,345 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:19.8457em;\"><span class=\"stl_261 stl_16 stl_90\" style=\"word-spacing:-0.0316em;\">Tax on income for the year is explained as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:20.8732em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">Income before company tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3452em;top:20.8732em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_548\">331</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_619\">611</span><span class=\"stl_255 stl_20 stl_619\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0402em;top:20.8732em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_364\">454</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_239\">430</span><span class=\"stl_255 stl_20 stl_239\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:21.895em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">Calculated tax (</span><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_09\">.</span><span class=\"stl_268 stl_20 stl_74\">0</span><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">%) on income before company tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5515em;top:21.895em;\"><span class=\"stl_255 stl_20 stl_130\">(</span><span class=\"stl_268 stl_20 stl_127\">72</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_310\">954</span><span class=\"stl_255 stl_20 stl_310\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.394em;top:21.895em;z-index:2652;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_548\">99</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_432\">975</span><span class=\"stl_255 stl_20 stl_432\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:23.5151em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0284em;\">Tax effect on: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:24.5425em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Different tax percentage in foreign subsidiaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5846em;top:24.5425em;\"><span class=\"stl_268 stl_20 stl_200\">572 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3834em;top:24.5425em;\"><span class=\"stl_268 stl_20 stl_277\">168 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:25.5644em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Non-recognized deferred tax asset on current year losses in foreign subsidiaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.959em;top:25.5644em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_11\">953</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.559em;top:25.5644em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_100\">072 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.5863em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">Income ()/expenses that are not taxable/deductible for tax purposes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9252em;top:26.5863em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_48\">443</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8921em;top:26.5863em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">249 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.6082em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Special tax credit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.579em;top:27.6082em;\"><span class=\"stl_255 stl_20 stl_338\">(</span><span class=\"stl_268 stl_20 stl_76\">46</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_455\">946</span><span class=\"stl_255 stl_20 stl_455\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3765em;top:27.6082em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_514\">898</span><span class=\"stl_255 stl_20 stl_514\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.63em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">Change in unrealized intra-group profits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5596em;top:28.63em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_563\">25</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_79\">099</span><span class=\"stl_255 stl_20 stl_79\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5384em;top:28.63em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_72\">258 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.6519em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">Change in non-recognized tax asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4615em;top:29.6519em;\"><span class=\"stl_268 stl_20 stl_43\">166</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_301\">561 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5965em;top:29.6519em;\"><span class=\"stl_268 stl_20 stl_158\">63</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_292\">762 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.6738em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">Adjustments to previous years non-recognized tax asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3727em;top:30.6738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7234em;top:30.6738em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_596\">713</span><span class=\"stl_255 stl_20 stl_596\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:31.6957em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Adjustments to current tax for previous years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9321em;top:31.6957em;\"><span class=\"stl_268 stl_20 stl_26\">33 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8896em;top:31.6957em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">422 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:32.7119em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Tax on income for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.659em;top:32.7119em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_308\">5,77</span><span class=\"stl_257 stl_16 stl_308\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4184em;top:32.7119em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_76\">,345 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.3375em;\"><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">Tax recognized in other comprehensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.365em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">Tax on change in fair value of financial instruments entered into to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.1982em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">hedge future cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:37.8182em;\"><span class=\"stl_261 stl_16 stl_217\" style=\"word-spacing:-0.0307em;\">Tax recognized in equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:38.8457em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0244em;\">Tax on share based payment \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.1638em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Tax on income is an expense of DKK 15.8 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.9969em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">10.3 million), corresponding to an effective nega- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.83em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0219em;\">tive tax rate of negative 4.8% (negative 2.3%). The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.6632em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0232em;\">parent company\u2019s taxable income for 2022 is zero. Tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.4963em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">expensed in 2022 relates mainly to Bavarian Nordic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.3294em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0368em;\">GmbH and Bavarian Nordic, Inc. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">'Income()/expenses that are not taxable/deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8294em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">for tax purposes' primarily relates to the 30% step \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.6625em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0327em;\">up deduction on research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.4957em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">according to Section 8B of the Danish Tax Assessment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3288em;\"><span class=\"stl_255 stl_20 stl_488\">Act. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2308": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:10.1638em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Tax on income is an expense of DKK 15.8 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.9969em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">10.3 million), corresponding to an effective nega- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.83em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0219em;\">tive tax rate of negative 4.8% (negative 2.3%). The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.6632em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0232em;\">parent company\u2019s taxable income for 2022 is zero. Tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.4963em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">expensed in 2022 relates mainly to Bavarian Nordic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.3294em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0368em;\">GmbH and Bavarian Nordic, Inc. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">'Income()/expenses that are not taxable/deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8294em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">for tax purposes' primarily relates to the 30% step \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.6625em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0327em;\">up deduction on research and development costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.4957em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">according to Section 8B of the Danish Tax Assessment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3288em;\"><span class=\"stl_255 stl_20 stl_488\">Act. \u00a0</span></div><div class=\"stl_01\" style=\"left:24.9163em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.5294em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_102\">Adjustment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0881em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_73\">Recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:15.49em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_296\">, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6513em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_122\" style=\"word-spacing:-0.0287em;\">to previous</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5763em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:0.5758em;\">Recognized December</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:12.9789em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.0075em;top:12.9733em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.635em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.4056em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_328\">statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.2931em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_544\" style=\"word-spacing:-0.0453em;\">in equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9613em;top:12.9733em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:14.6633em;\"><span class=\"stl_255 stl_20 stl_505\" style=\"word-spacing:-0.0375em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.4606em;top:14.6633em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_284\">421</span><span class=\"stl_255 stl_20 stl_284\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6888em;top:14.6633em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5738em;top:14.6633em;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.665em;top:14.6633em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5394em;top:14.6633em;\"><span class=\"stl_268 stl_20 stl_172\">62</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">881 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">Acquired rights and development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.2em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6881em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.7125em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_402\">659</span><span class=\"stl_255 stl_20 stl_402\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.665em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6894em;top:16.5183em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_542\">659</span><span class=\"stl_255 stl_20 stl_542\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:17.5402em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">Property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.5769em;top:17.5402em;\"><span class=\"stl_268 stl_20 stl_274\">60</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.4763em;top:17.5402em;z-index:1577;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_378\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5544em;top:17.5402em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_344\">440 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.665em;top:17.5402em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6194em;top:17.5402em;z-index:1596;\"><span class=\"stl_268 stl_20 stl_127\">88</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_305\">124 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:18.562em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">Right-of-use assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.4388em;top:18.562em;\"><span class=\"stl_268 stl_20 stl_465\">370 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6894em;top:18.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5525em;top:18.562em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_291\">83</span><span class=\"stl_255 stl_20 stl_291\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:18.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3756em;top:18.562em;\"><span class=\"stl_268 stl_20 stl_222\">287 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7156em;top:19.5839em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Development projects for sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.5844em;top:19.5839em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6894em;top:19.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1775em;top:19.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:19.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5369em;top:19.5839em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Unrealized intra-group profits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.2007em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.8744em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_338\">(</span><span class=\"stl_268 stl_20 stl_110\">46</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_238\">364</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5625em;top:20.6058em;\"><span class=\"stl_268 stl_20 stl_298\">25</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_472\">099 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3694em;top:20.6058em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_342\">265</span><span class=\"stl_255 stl_20 stl_342\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:21.6277em;\"><span class=\"stl_255 stl_20 stl_199\">Receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.7619em;top:21.6277em;\"><span class=\"stl_268 stl_20 stl_45\">37 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6894em;top:21.6277em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.4132em;top:21.6277em;\"><span class=\"stl_268 stl_20 stl_45\">154 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:21.6277em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3994em;top:21.6277em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7156em;top:22.6495em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">Financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.4213em;top:22.6495em;\"><span class=\"stl_268 stl_20 stl_307\">297 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.69em;top:22.6495em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1781em;top:22.6495em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.2681em;top:22.6495em;z-index:1823;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_305\">314</span><span class=\"stl_255 stl_20 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7431em;top:22.6495em;z-index:1831;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_156\">017</span><span class=\"stl_255 stl_20 stl_156\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7156em;top:23.6714em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.6525em;top:23.6714em;z-index:1858;\"><span class=\"stl_268 stl_20 stl_622\">27</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_200\">994 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6894em;top:23.6714em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.9138em;top:23.6714em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">282 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.23em;top:23.6714em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_605\">871</span><span class=\"stl_255 stl_20 stl_605\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5957em;top:23.6714em;z-index:1884;\"><span class=\"stl_268 stl_20 stl_622\">27</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_200\">405 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:24.6933em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Tax losses carried forward \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.3325em;top:24.6933em;\"><span class=\"stl_268 stl_20 stl_623\">361</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.0638em;top:24.6933em;\"><span class=\"stl_268 stl_20 stl_76\">66</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5944em;top:24.6933em;\"><span class=\"stl_268 stl_20 stl_222\">42</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_282\">026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6656em;top:24.6933em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2313em;top:24.6933em;\"><span class=\"stl_268 stl_20 stl_402\">470</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_246\">385 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.715em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Not recognized tax asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0881em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_570\">472</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_47\">739</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.8975em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_432\">663</span><span class=\"stl_255 stl_20 stl_432\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.0969em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_43\">166</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_305\">561</span><span class=\"stl_255 stl_20 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1581em;top:25.7152em;z-index:2008;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_465\">185 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0469em;top:25.7152em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">650</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_151\">778</span><span class=\"stl_255 stl_20 stl_151\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Recognized deferred tax assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.1925em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6807em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1688em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6569em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.145em;top:26.7314em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div><div class=\"stl_01\" style=\"left:60.7227em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.6421em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_73\">Recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.2965em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_233\" style=\"word-spacing:0.913em;\">, in</span></div><div class=\"stl_01\" style=\"left:57.696em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">the income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.3665em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:0.9526em;\">Recognized December</span></div><div class=\"stl_01\" style=\"left:69.523em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_296\">, \u00a0</span></div><div class=\"stl_01\" style=\"left:56.979em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">in the income \u00a0</span></div><div class=\"stl_01\" style=\"left:69.523em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_296\">, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9238em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.8315em;top:12.9182em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.9596em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_328\">statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.0834em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_544\" style=\"word-spacing:-0.0453em;\">in equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0046em;top:12.9182em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.6082em;\"><span class=\"stl_255 stl_20 stl_505\" style=\"word-spacing:-0.0375em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1996em;top:14.6082em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_271\">94</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_455\">360</span><span class=\"stl_255 stl_20 stl_455\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.1515em;top:14.6082em;\"><span class=\"stl_268 stl_20 stl_151\">83</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_184\">939 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4546em;top:14.6082em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.439em;top:14.6082em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_284\">421</span><span class=\"stl_255 stl_20 stl_284\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.63em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Other intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.2215em;top:15.63em;\"><span class=\"stl_268 stl_20 stl_100\">377 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.724em;top:15.63em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_234\">377</span><span class=\"stl_255 stl_20 stl_234\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4546em;top:15.63em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.179em;top:15.63em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6519em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">Property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.3852em;top:16.6519em;\"><span class=\"stl_268 stl_20 stl_326\">38</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_130\">342 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.1821em;top:16.6519em;z-index:320;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">158 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.454em;top:16.6519em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5546em;top:16.6519em;\"><span class=\"stl_268 stl_20 stl_274\">60</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:17.6738em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">Right-of-use assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.2246em;top:17.6738em;\"><span class=\"stl_268 stl_20 stl_242\">373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.4246em;top:17.6738em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_293\">3</span><span class=\"stl_255 stl_20 stl_293\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.454em;top:17.6738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4165em;top:17.6738em;\"><span class=\"stl_268 stl_20 stl_465\">370 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6957em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Development projects for sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.389em;top:18.6957em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7302em;top:18.6957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4546em;top:18.6957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5621em;top:18.6957em;\"><span class=\"stl_268 stl_20 stl_184\">32</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.7175em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Accrued project costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.0802em;top:19.7175em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_621\">181</span><span class=\"stl_255 stl_20 stl_621\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.9734em;top:19.7175em;\"><span class=\"stl_268 stl_20 stl_327\">181 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.454em;top:19.7175em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1784em;top:19.7175em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:20.7394em;\"><span class=\"stl_255 stl_20 stl_199\">Receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.5759em;top:20.7394em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.3034em;top:20.7394em;\"><span class=\"stl_268 stl_20 stl_335\">19 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4534em;top:20.7394em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.7384em;top:20.7394em;\"><span class=\"stl_268 stl_20 stl_45\">37 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.739em;top:21.7613em;\"><span class=\"stl_255 stl_20 stl_127\">Provisions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.489em;top:21.7613em;z-index:500;\"><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.0334em;top:21.7613em;z-index:509;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_480\">17</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_174\">930</span><span class=\"stl_255 stl_20 stl_174\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4534em;top:21.7613em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1777em;top:21.7613em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.739em;top:22.7832em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">Financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.2527em;top:22.7832em;\"><span class=\"stl_268 stl_20 stl_296\">178 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.729em;top:22.7832em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7265em;top:22.7832em;\"><span class=\"stl_268 stl_20 stl_339\">119 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.3977em;top:22.7832em;\"><span class=\"stl_268 stl_20 stl_307\">297 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:23.805em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Share-based payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4296em;top:23.805em;\"><span class=\"stl_268 stl_20 stl_305\">15</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_308\">397 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.4646em;top:23.805em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_323\">726 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1927em;top:23.805em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_378\">871 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6296em;top:23.805em;z-index:603;\"><span class=\"stl_268 stl_20 stl_622\">27</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_200\">994 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:24.8269em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0304em;\">Tax losses carried forward \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.0533em;top:24.8269em;\"><span class=\"stl_268 stl_20 stl_307\">362</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">209 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.7996em;top:24.8269em;\"><span class=\"stl_255 stl_20 stl_311\">(</span><span class=\"stl_268 stl_20 stl_611\">693</span><span class=\"stl_255 stl_20 stl_611\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.454em;top:24.8269em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3102em;top:24.8269em;\"><span class=\"stl_268 stl_20 stl_623\">361</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Not recognized tax asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.864em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_237\">372</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_18\">729</span><span class=\"stl_255 stl_20 stl_18\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.9602em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_172\">94</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_595\">020</span><span class=\"stl_255 stl_20 stl_595\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.9915em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_238\">990</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.0659em;top:25.8488em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_570\">472</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_47\">739</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Recognized deferred tax assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.9977em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7221em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4465em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1709em;top:26.865em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div><div class=\"stl_01\" style=\"left:4.7138em;top:29.522em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">Deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:30.3608em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Recognized deferred tax assets relate to temporary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:31.1939em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">differences between the tax base and accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:32.027em;\"><span class=\"stl_255 stl_20 stl_372\" style=\"word-spacing:-0.0385em;\">carrying amount and tax losses carried forward. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:33.6939em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0355em;\">Deferred tax assets arising from temporary deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:34.527em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">differences and tax losses carried forward are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:35.3602em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">nized to the extent they are expected to be offset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:36.1933em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">against future taxable income. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7219em;top:30.3602em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Recognized tax losses carried forward relate to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:31.1933em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">Bavarian Nordic A/S and the two Danish subsidiaries \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:32.0264em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Aktieselskabet af 1. juni 2011 I and Aktieselskabet af 1. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:32.8595em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">juni 2011 II. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:34.5264em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">The tax value of non-recognized tax losses carried \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:35.3595em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">forward in Bavarian Nordic A/S and the two Danish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:36.1927em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">subsidiaries amounts to DKK 470.4 million (DKK 361.5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:37.0258em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">million), whereas the tax value of non-recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:37.8589em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0349em;\">temporary deductible differences amounts to DKK 180.4 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7396em;top:30.3857em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">million (DKK 111.2 million). Tax rate used for Danish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:31.2188em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">entities is 22%. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:32.8857em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">The Company's right to use the tax losses carried \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:33.7188em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0324em;\">forward is not time-limited. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:35.3857em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Change in non-recognized deferred tax asset also \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:36.2188em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">includes deferred tax on intercompany transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7396em;top:37.0519em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">between Bavarian Nordic A/S and Bavarian Nordic, Inc. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7477em;top:30.385em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">and Bavarian Nordic Switzerland AG under the Distri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7477em;top:31.2182em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">bution Agreements for sale of Encepur and Rabipur/ \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7477em;top:32.0513em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">RabAvert in US and Switzerland, DKK 25.1 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7477em;top:32.8844em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">30.3 million). \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2319": {
   "value": "<div class=\"stl_01\" style=\"left:55.7483em;top:10.1623em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Deferred tax is measured using the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:10.9954em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0346em;\">liability method on all temporary differences between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8285em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">accounting values and tax values. Deferred tax liabili- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.6617em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">ties arising from temporary tax differences are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.4948em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">nized in the balance sheet as a liability. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.1617em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Deferred tax assets arising from temporary deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.9948em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">differences and tax losses carried forward are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8279em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">nized when it is probable that they can be realized by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.661em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">offsetting them against taxable temporary differences \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.4942em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">or future taxable profits. At each balance sheet date, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.3273em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">it is assessed whether it is probable that there will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.1604em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">sufficient future taxable income for the deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.9935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">asset to be utilized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.6604em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">Deferred income tax is provided on temporary taxable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.4935em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">differences arising on investments in subsidiaries, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.3266em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">unless the parent company is able to control the timing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.1598em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">when the deferred tax is to be realized and it is likely \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.9929em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">that the deferred tax will not be realized within the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.826em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">foreseeable future. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.4929em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">Deferred tax is calculated at the tax rates applicable on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.326em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the balance sheet date for the income years in which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.1591em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">the tax asset is expected to be utilized. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2315": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:21.2561em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3029em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">Income tax for the year comprises current tax and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.136em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">deferred tax for the year. The part relating to the profit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.9692em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">for the year is recognized in the income statement, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8023em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">the part attributable to items in the comprehensive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.6354em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">income is recognized in the comprehensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.4685em;\"><span class=\"stl_255 stl_20 stl_107\">statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.1354em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">The tax effect of costs that have been recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.9685em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">directly in equity is recognized in equity under the rele- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8017em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">vant items. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.4685em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">Current tax receivable is recognized in the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3017em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">sheet under current asset. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.9685em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Current tax payable is recognized in the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8017em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">under current liabilities. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.1623em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Deferred tax is measured using the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:10.9954em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0346em;\">liability method on all temporary differences between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8285em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">accounting values and tax values. Deferred tax liabili- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.6617em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">ties arising from temporary tax differences are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.4948em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">nized in the balance sheet as a liability. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.1617em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Deferred tax assets arising from temporary deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.9948em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">differences and tax losses carried forward are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8279em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">nized when it is probable that they can be realized by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.661em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">offsetting them against taxable temporary differences \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.4942em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">or future taxable profits. At each balance sheet date, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.3273em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">it is assessed whether it is probable that there will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.1604em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">sufficient future taxable income for the deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.9935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">asset to be utilized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.6604em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">Deferred income tax is provided on temporary taxable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.4935em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">differences arising on investments in subsidiaries, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.3266em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">unless the parent company is able to control the timing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.1598em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">when the deferred tax is to be realized and it is likely \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.9929em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">that the deferred tax will not be realized within the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.826em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">foreseeable future. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.4929em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">Deferred tax is calculated at the tax rates applicable on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.326em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the balance sheet date for the income years in which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.1591em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">the tax asset is expected to be utilized. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2317": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:21.2561em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3029em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">Income tax for the year comprises current tax and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.136em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">deferred tax for the year. The part relating to the profit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.9692em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">for the year is recognized in the income statement, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8023em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">the part attributable to items in the comprehensive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.6354em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">income is recognized in the comprehensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.4685em;\"><span class=\"stl_255 stl_20 stl_107\">statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.1354em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">The tax effect of costs that have been recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.9685em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">directly in equity is recognized in equity under the rele- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8017em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">vant items. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.4685em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">Current tax receivable is recognized in the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3017em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">sheet under current asset. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.9685em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Current tax payable is recognized in the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8017em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">under current liabilities. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.1623em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Deferred tax is measured using the balance sheet \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:10.9954em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0346em;\">liability method on all temporary differences between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8285em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">accounting values and tax values. Deferred tax liabili- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.6617em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">ties arising from temporary tax differences are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.4948em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">nized in the balance sheet as a liability. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.1617em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Deferred tax assets arising from temporary deductible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.9948em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">differences and tax losses carried forward are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8279em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">nized when it is probable that they can be realized by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.661em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">offsetting them against taxable temporary differences \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.4942em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">or future taxable profits. At each balance sheet date, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.3273em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">it is assessed whether it is probable that there will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.1604em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">sufficient future taxable income for the deferred tax \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.9935em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">asset to be utilized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.6604em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">Deferred income tax is provided on temporary taxable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.4935em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">differences arising on investments in subsidiaries, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.3266em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">unless the parent company is able to control the timing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.1598em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">when the deferred tax is to be realized and it is likely \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.9929em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">that the deferred tax will not be realized within the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.826em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">foreseeable future. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.4929em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">Deferred tax is calculated at the tax rates applicable on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.326em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the balance sheet date for the income years in which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.1591em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">the tax asset is expected to be utilized. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2320": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_50\" style=\"word-spacing:0.011em;\">Note 14 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_566\" style=\"word-spacing:0.0069em;\">Earnings per share (EPS) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0247em;\">Net result for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3em;top:11.9088em;z-index:128;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_592\">347</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_52\">382</span><span class=\"stl_255 stl_20 stl_52\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0225em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_91\">464</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_364\">775</span><span class=\"stl_255 stl_20 stl_364\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">Earnings per share of DKK </span><span class=\"stl_268 stl_20 stl_292\">10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6132em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_294\">4</span><span class=\"stl_255 stl_20 stl_26\">.</span><span class=\"stl_268 stl_20 stl_295\">9</span><span class=\"stl_255 stl_20 stl_295\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4132em;top:12.9307em;z-index:180;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_287\">7</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_296\">4</span><span class=\"stl_255 stl_20 stl_296\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Diluted earnings per share of DKK </span><span class=\"stl_268 stl_20 stl_292\">10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6132em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_294\">4</span><span class=\"stl_255 stl_20 stl_26\">.</span><span class=\"stl_268 stl_20 stl_295\">9</span><span class=\"stl_255 stl_20 stl_295\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4132em;top:13.9525em;z-index:228;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_287\">7</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_296\">4</span><span class=\"stl_255 stl_20 stl_296\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.5782em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">The weighted average number of ordinary shares for the purpose of diluted earning \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.4113em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">per share reconciles to the weighted average number of ordinary shares used in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.2444em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">calculation of basic earnings per share as follows: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.87em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">Weighted average number of ordinary shares (thousand units) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7757em;top:18.87em;\"><span class=\"stl_268 stl_20 stl_303\">70</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_332\">548 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5907em;top:18.87em;\"><span class=\"stl_268 stl_20 stl_158\">63</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_249\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.8919em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">Weighted average number of treasury shares (thousand units) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.44em;top:19.8919em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_291\">129</span><span class=\"stl_255 stl_20 stl_291\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.21em;top:19.8919em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_282\">109</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:20.9082em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0355em;\">Weighted average number of outstanding ordinary shares used in the calculation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:21.7413em;\"><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:-0.0323em;\">of basic earnings per share (thousand units) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6857em;top:21.7413em;\"><span class=\"stl_261 stl_16 stl_71\">7</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.48em;top:21.7413em;z-index:707;\"><span class=\"stl_261 stl_16 stl_587\">63,</span><span class=\"stl_257 stl_16 stl_563\">10</span><span class=\"stl_261 stl_16 stl_563\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:22.7688em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Average dilutive effect of outstanding warrants under incentive schemes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3825em;top:22.7688em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:22.7688em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.785em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0355em;\">Weighted average number of outstanding ordinary shares used in the calculation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:24.6182em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">of diluted earnings per share (thousand units) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.685em;top:24.6182em;\"><span class=\"stl_261 stl_16 stl_71\">7</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4794em;top:24.6182em;z-index:904;\"><span class=\"stl_261 stl_16 stl_587\">63,</span><span class=\"stl_257 stl_16 stl_563\">10</span><span class=\"stl_261 stl_16 stl_563\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:26.2494em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Outstanding warrants that may have an effect on the calculation of diluted earnings \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:27.0825em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">per share in the future. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:28.7082em;\"><span class=\"stl_268 stl_20 stl_227\">2022</span><span class=\"stl_255 stl_20 stl_60\">-programs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.02em;top:28.7082em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_605\">013</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_274\">923 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:28.7082em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:29.73em;\"><span class=\"stl_268 stl_20 stl_262\">2021</span><span class=\"stl_255 stl_20 stl_60\">-program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5025em;top:29.73em;\"><span class=\"stl_268 stl_20 stl_48\">655</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_296\">774 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2257em;top:29.73em;\"><span class=\"stl_268 stl_20 stl_150\">706</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_150\">469 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:30.7519em;\"><span class=\"stl_268 stl_20 stl_168\">2020</span><span class=\"stl_255 stl_20 stl_454\">-programs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1032em;top:30.7519em;z-index:1093;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_358\">142</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_151\">109 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8082em;top:30.7519em;z-index:1104;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_314\">207</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_130\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:31.7738em;\"><span class=\"stl_268 stl_20 stl_288\">2019</span><span class=\"stl_255 stl_20 stl_60\">-program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4913em;top:31.7738em;z-index:1125;\"><span class=\"stl_268 stl_20 stl_336\">599</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">493 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2282em;top:31.7738em;\"><span class=\"stl_268 stl_20 stl_151\">625</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_106\">984 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.7957em;\"><span class=\"stl_268 stl_20 stl_324\">2018</span><span class=\"stl_255 stl_20 stl_60\">-program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4738em;top:32.7957em;\"><span class=\"stl_268 stl_20 stl_288\">240</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">708 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2488em;top:32.7957em;\"><span class=\"stl_268 stl_20 stl_299\">515</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_233\">684 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:33.8175em;\"><span class=\"stl_268 stl_20 stl_624\">2017</span><span class=\"stl_255 stl_20 stl_60\">-programs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3825em;top:33.8175em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2069em;top:33.8175em;\"><span class=\"stl_268 stl_20 stl_237\">223</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_91\">683 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:34.8394em;\"><span class=\"stl_268 stl_20 stl_280\">2016</span><span class=\"stl_255 stl_20 stl_60\">-program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:34.8394em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6107em;top:34.8394em;z-index:1212;\"><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:35.8557em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Outstanding warrants, cf. note 3</span><span class=\"stl_257 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.745em;top:35.8557em;\"><span class=\"stl_261 stl_16 stl_514\">3,65</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_220\" style=\"word-spacing:1.1599em;\">7 3,356,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2321": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Earnings per share is calculated as the profit or loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">for the year compared to the weighted average of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">issued shares in the financial year. The basis for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">calculation of diluted earnings per share is the weight- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">ed-average number of ordinary shares in the financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">year adjusted for the dilutive effects of warrants. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2322": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0021em;\">Intangible assets \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9858em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0292em;\">Intangible assets are measured at historic cost less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">accumulated amortization and impairment losses. Cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0298em;\">of acquired product rights are measured at cash consid- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.029em;\">eration and present value of any deferred payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0346em;\">for those rights. Furthermore costs of acquired product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0337em;\">rights include transaction costs that are directly attribut- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">able to the acqusition. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.8712em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">Internal development projects that meet the require- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.7043em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">ments for recognition as intangible assets are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.5374em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">at direct cost relating to the development projects. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0297em;\">Amortization is provided on a straight-line basis over the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.0374em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0305em;\">useful economic lives of the assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0305em;\">The useful lives of acquired product rights are estimated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_41\" style=\"word-spacing:-0.0276em;\">to be 20 years and software is estimated to be 3-5 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.2043em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0337em;\">Amortization of acquired product rights is recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.0374em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0348em;\">part of cost of goods sold under production costs. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2324": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0021em;\">Intangible assets \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9858em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0292em;\">Intangible assets are measured at historic cost less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">accumulated amortization and impairment losses. Cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0298em;\">of acquired product rights are measured at cash consid- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.029em;\">eration and present value of any deferred payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0346em;\">for those rights. Furthermore costs of acquired product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0337em;\">rights include transaction costs that are directly attribut- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">able to the acqusition. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.8712em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">Internal development projects that meet the require- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.7043em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">ments for recognition as intangible assets are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.5374em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">at direct cost relating to the development projects. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0297em;\">Amortization is provided on a straight-line basis over the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.0374em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0305em;\">useful economic lives of the assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0305em;\">The useful lives of acquired product rights are estimated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_41\" style=\"word-spacing:-0.0276em;\">to be 20 years and software is estimated to be 3-5 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.2043em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0337em;\">Amortization of acquired product rights is recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.0374em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0348em;\">part of cost of goods sold under production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:28.6987em;\"><span class=\"stl_261 stl_16 stl_101\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.5374em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">The carrying amounts of intangible assets carried at cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.3706em;\"><span class=\"stl_255 stl_20 stl_351\" style=\"word-spacing:-0.0265em;\">or amortized cost are tested at least annually to deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.2037em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0303em;\">mine whether there are indications of any impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.0368em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">in excess of that expressed in normal amortization. If \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.8699em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0265em;\">that is the case, the asset is written down to the recov- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.7031em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0342em;\">erable amount, which is the higher of its fair value less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.5362em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">costs to sell and its value in use. Impairment losses on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.3693em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0326em;\">intangible assets are recognized under the same line \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.2024em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">item as amortization of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:37.8693em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0306em;\">For development projects in progress, the recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:38.7024em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">amount is assessed annually, regardless of whether any \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:39.5356em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">indications of impairment have been found. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.3141em;top:10.3531em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:11.3943em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0378em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:12.2331em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0356em;\">When determining the amortization period for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:13.0662em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">acquired product rights, Management need to make \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:13.8993em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">an assessment of expected useful economic life. In the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:14.7324em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">assessment Management take among other things the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:15.5656em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">following components into consideration: The maturity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:16.3987em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0353em;\">of the products acquired, development in the market the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:17.2318em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.031em;\">acquired products are targeting, the current competitors, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:18.0649em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0332em;\">clinical development of new competing products and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:18.8981em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0343em;\">entry barriers to the market due to advanced production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:19.7312em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0313em;\">technology. Straight-line amortization reflects the use \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:20.5643em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">and impairment of the product rights. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:22.2312em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0319em;\">Management continuously updates the valuation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:23.0643em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0365em;\">model used when acquiring the product rights from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:23.8974em;\"><span class=\"stl_255 stl_20 stl_360\" style=\"word-spacing:-0.0318em;\">GlaxoSmithKline to assess the value creation expected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:24.7306em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">from the acquisition. The latest update of the valuation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:25.5637em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0299em;\">model shows a value above the net present value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:26.3968em;\"><span class=\"stl_255 stl_20 stl_220\" style=\"word-spacing:-0.0272em;\">purchase price, hence there is no indications of impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:27.2299em;\"><span class=\"stl_255 stl_20 stl_105\">ment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:28.8968em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0327em;\">As per December 31, 2022 Management still judge that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:29.7299em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0354em;\">the sales milestone of EUR 25 million included in Asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:30.5631em;\"><span class=\"stl_255 stl_20 stl_473\" style=\"word-spacing:-0.0277em;\">Purchase Agreement is not probable and therefore the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:31.3962em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">present value has not been added to the cost of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7219em;top:32.2293em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0385em;\">product rights. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.3324em;top:10.3531em;\"><span class=\"stl_602 stl_16 stl_217\" style=\"word-spacing:-0.0309em;\">Significant accounting judgments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.3999em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">Management has made the following accounting judg- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.2331em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0336em;\">ment which significantly affect the amounts recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.0662em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">in the consolidated financial statements: \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:14.7274em;\"><span class=\"stl_261 stl_16 stl_328\" style=\"word-spacing:-0.0318em;\">Acquired rights and development in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5662em;\"><span class=\"stl_255 stl_20 stl_421\" style=\"word-spacing:-0.0247em;\">Under the Group\u2019s accounting policies and in accordance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.3993em;\"><span class=\"stl_255 stl_20 stl_221\" style=\"word-spacing:-0.0335em;\">with common industry practice, development costs are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.2324em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0307em;\">generally expensed in the year they occur. During the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.0656em;\"><span class=\"stl_255 stl_20 stl_604\" style=\"word-spacing:-0.0254em;\">development of ABNCoV2, the Group has, however, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.8987em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">started capitalization of directly related development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.7318em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0291em;\">cost at commencement of the Phase 2 and 3 studies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.5649em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0291em;\">as \u2013 unlike most other development candidates - the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.3981em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0307em;\">feasibility of developing a final vaccine and obtain regu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.2312em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.0269em;\">latory approval is considered highly likely. The Phase 1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.0643em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0288em;\">and Phase 2 clinical trial showed positive results in 2021- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.8974em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">22, further supported by positive six-month follow-up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.7306em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0321em;\">analysis for the Phase 2 clinical trial in October 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.5637em;\"><span class=\"stl_255 stl_20 stl_182\" style=\"word-spacing:-0.0312em;\">The follow-up analysis demonstrated that six months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.3968em;\"><span class=\"stl_255 stl_20 stl_105\" style=\"word-spacing:-0.0324em;\">post the booster vaccination with ABNCoV2, the neutral- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.2299em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">ization antibody titers against Wuhan and the Omicron \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.0631em;\"><span class=\"stl_255 stl_20 stl_453\" style=\"word-spacing:-0.0281em;\">variant remained high and at levels associated with a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.8962em;\"><span class=\"stl_255 stl_20 stl_166\" style=\"word-spacing:-0.0286em;\">greater than 90% efficacy. The Group initiated the global \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.3962em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0312em;\">Phase 3 clinical trial in September 2022 and initial results \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.2293em;\"><span class=\"stl_255 stl_20 stl_207\" style=\"word-spacing:-0.0256em;\">are expected to be ready in mid-2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.8962em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">In 2021 the Group ensured significant finance of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.7293em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0341em;\">development through the funding obtained from the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.5624em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">Danish Ministry of Health and a minimum demand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.3956em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0322em;\">agreed in the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.2287em;\"><span class=\"stl_255 stl_20 stl_441\">Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.8956em;\"><span class=\"stl_255 stl_20 stl_88\" style=\"word-spacing:-0.0269em;\">In the winter of 2022/2023, we have seen a high \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.7287em;\"><span class=\"stl_255 stl_20 stl_326\" style=\"word-spacing:-0.0281em;\">number of COVID-19 infections. It is evident though, that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.5618em;\"><span class=\"stl_255 stl_20 stl_499\" style=\"word-spacing:-0.0287em;\">booster vaccinations have been necessary to control the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.3949em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">pandemic. Management assesses that the booster vacci- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:22.228em;\"><span class=\"stl_255 stl_20 stl_331\" style=\"word-spacing:-0.027em;\">nations will continue to be required, at least for vulner- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.0612em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0328em;\">able groups as is the case for example with the flu \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.8943em;\"><span class=\"stl_255 stl_20 stl_77\" style=\"word-spacing:-0.0285em;\">market, where annual booster vaccinations are given. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.7274em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0299em;\">Hence, with the development of ABNCoV2 as a universal \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:25.5605em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0301em;\">booster vaccine with a better value proposition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.3937em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0295em;\">compared to the already approved vaccines, Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.2268em;\"><span class=\"stl_255 stl_20 stl_235\" style=\"word-spacing:-0.0331em;\">ment expects that the Company can take a reasonable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.0599em;\"><span class=\"stl_255 stl_20 stl_323\" style=\"word-spacing:-0.025em;\">share of the future COVID-19 vaccine market, initially \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.893em;\"><span class=\"stl_255 stl_20 stl_247\" style=\"word-spacing:-0.0274em;\">targeting governments, but over time moving towards a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.7262em;\"><span class=\"stl_255 stl_20 stl_77\" style=\"word-spacing:-0.0284em;\">more traditional market for private vaccinations. \u00a0</span></div><div class=\"stl_01\" style=\"left:41.344em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6696em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_73\">Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.054em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2746em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.04em;\">rights and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6721em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_380\">intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2696em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:1.0869em;\">Product development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.139em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.034em;\">assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7246em;top:13.6738em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.8015em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_330\">rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0115em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_199\" style=\"word-spacing:-0.029em;\">in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.3209em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_506\">Software \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1777em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_78\">progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9784em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:15.3582em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8571em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_307\">458</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_242\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.074em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_125\">733</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_130\">770 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7877em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_432\">100</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_246\">385 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.534em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_176\">134</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_324\">371 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7921em;top:15.3582em;z-index:306;\"><span class=\"stl_268 stl_20 stl_18\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_625\">427</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_238\">226 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.1427em;top:16.38em;z-index:327;\"><span class=\"stl_268 stl_20 stl_299\">279</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_273\">714 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.4421em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_472\">006 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5459em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_51\">142</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_26\">691 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2846em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_310\">425</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_588\">411 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9971em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.4327em;top:17.4019em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_200\">572 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9609em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_294\">572</span><span class=\"stl_255 stl_20 stl_294\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1702em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9971em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9752em;top:18.4238em;\"><span class=\"stl_268 stl_20 stl_524\">131 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4459em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.424em;top:18.4238em;\"><span class=\"stl_268 stl_20 stl_524\">131 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0251em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6352em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3821em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_564\">01</span><span class=\"stl_261 stl_16 stl_234\">3,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6228em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_308\">10</span><span class=\"stl_261 stl_16 stl_65\">6,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3715em;top:19.44em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_626\">74,49</span><span class=\"stl_257 stl_16 stl_626\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5477em;top:19.44em;\"><span class=\"stl_261 stl_16 stl_76\">6,</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_282\">,76</span><span class=\"stl_257 stl_16 stl_282\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Amortization as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3477em;top:21.0713em;\"><span class=\"stl_268 stl_20 stl_445\">545</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_277\">870 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1346em;top:21.0713em;z-index:546;\"><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_344\">400 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:21.0713em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2477em;top:21.0713em;\"><span class=\"stl_268 stl_20 stl_298\">623</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_26\">270 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_330\">Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3509em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1352em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_249\">13</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_332\">908 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:22.0932em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.214em;top:22.0932em;\"><span class=\"stl_268 stl_20 stl_492\">286</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2715em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9959em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2915em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4446em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7402em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_295\">18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7227em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Amortization as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.1815em;top:24.1313em;\"><span class=\"stl_257 stl_16 stl_179\">818</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_326\">80</span><span class=\"stl_261 stl_16 stl_326\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9884em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0084em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_158\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4371em;top:24.1313em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1771em;top:24.1313em;z-index:699;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_292\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6552em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_294\">4,639,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3809em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_564\">01</span><span class=\"stl_261 stl_16 stl_234\">3,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0177em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_342\">4,76</span><span class=\"stl_257 stl_16 stl_342\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3709em;top:25.7569em;\"><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_626\">74,49</span><span class=\"stl_257 stl_16 stl_626\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5465em;top:25.7569em;\"><span class=\"stl_261 stl_16 stl_566\">5,94</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_133\">,637 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:27.3825em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0369em;\">Geographical split of intangible assets \u2013 </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:28.41em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7696em;top:28.41em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_605\">941</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_319\">664 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:29.4319em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3809em;top:29.4319em;\"><span class=\"stl_268 stl_20 stl_76\">973 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7221em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">Total intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5465em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_566\">5,94</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_133\">,637 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7459em;top:10.1557em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0378em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:10.9944em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">December 31, 2019 the Company acquired the product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:11.8275em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">rights to two commercial products owned by Glax- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:12.6607em;\"><span class=\"stl_255 stl_20 stl_134\" style=\"word-spacing:-0.024em;\">oSmithKline - Rabipur/RabAvert and Encepur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:13.4938em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">The products have been on the market for more than \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:14.3269em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">20 years. There is no need to further develop the prod- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:15.16em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">ucts. Management assesses that it will require up to 10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:15.9932em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">years of clinical development for competitors to bring \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:16.8263em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">a new competing product to the market likewise the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:17.6594em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">production process required to produce these products \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:18.4925em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0349em;\">is highly complex. Based on these factors Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:19.3257em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">assesses that the acquired product rights should be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:20.1588em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">amortized over 20 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:21.8257em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">The acquisition price for the two product rights consists \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:22.6588em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">of the upfront payment and the present value of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:23.4919em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">milestone payments included in the Asset Purchase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:24.325em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Agreement with GlaxoSmithKline. The milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:25.1582em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">payments relate to transfer and re-registration of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:25.9913em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">marketing authorizations, technology transfer of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:26.8244em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">different steps of the production and packaging activi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:27.6575em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ties as well as a milestone payment when all services \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:28.4907em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">agreed to be rendered has been completed. The Asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:29.3238em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Purchase Agreement specifies the above milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:30.1569em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">payments for each product. In total EUR 470 million. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:30.99em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Asset Purchase Agreement also includes a sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:31.8232em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">stone of EUR 25 million. The sales milestone is related \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:32.6563em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">to the total revenue of the two products. Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:33.4894em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment deems it unlikely that the sales milestone will \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:34.3225em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">be trickered, hence the sales milestone has not been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:35.1557em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">recognized as part of the asset nor the deferred consid- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:35.9888em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">eration as per December 31, 2021. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0016em;\">Intangible assets </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Deferred consideration for the acquired product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">are described in note 24. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:12.7133em;\"><span class=\"stl_261 stl_16 stl_328\" style=\"word-spacing:-0.0318em;\">Acquired rights and development in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">In July 2020, the Company concluded a license and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">collaboration agreement with AdaptVac. The license \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0325em;\">agreement provides Bavarian Nordic the global \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">commercialization rights to a COVID-19 vaccine candi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">date based on AdaptVac\u2019s technology. Under the terms \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the agreement AdaptVac has been responsible for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">running a Phase 1/2 open label, dose-escalation trial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">sponsored by Radhould University Medical Center. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Company has assumed the responsibility for the further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.039em;\">clinical development and manufacturing. At commence- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.8833em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">ment of the positive Phase 2 trial the Company started \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.7164em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">capitalization of directly related development cost as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.5495em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the feasibility of developing a final vaccine and obtain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.3827em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0278em;\">regulatory approval is considered highly likely, see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.2158em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">further description under \"Significant accounting judge- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.0489em;\"><span class=\"stl_255 stl_20 stl_323\">ments\". \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.7158em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">The Company made an upfront payment of EUR 4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.5489em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">million to AdaptVac in 2020 when the license agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.382em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ment was signed. The upfront payment was capitalized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.2152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">and recognized as \"Acquired rights and development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.0483em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0257em;\">in progress\". The Company has also committed to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.8814em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">payment of potential future development and sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.7145em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0233em;\">milestones and tiered royalties. At year-end 2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.5477em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Management assessed that those milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.3808em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">were not probable since no in-human studies had \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.2139em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">completed, hence milestone payments were not recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.047em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">nized as an asset and a liability as per December 31, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.8802em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">2020. Based on the positive clinical results during 2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:37.7133em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0259em;\">Management assessed at year-end 2021 that the like- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:38.5464em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">lihood of future regulatory approval of the Company's \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:10.2133em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">COVID-19 vaccine was high, hence milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.0464em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0308em;\">to AdaptVac were expected to become payable. Based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:11.8795em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">on current regulatory plans and expectations for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.7127em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">revenue from sale of the COVID-vacine all sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.5458em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">stones and part of the development milestones were \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.3789em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">assumed probable. At initial recognition in December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.212em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">2021 the net present value of the probable milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.0452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">payments was calculated amounting to DKK 596 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.8783em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">million, and was recognized as part of the \"Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.7114em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">rights and development in progress\". A corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.5445em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">liability was been recognized as deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.3777em;\"><span class=\"stl_255 stl_20 stl_171\" style=\"word-spacing:0.0037em;\">(note 24). \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:21.0389em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.0339em;\">Intangible assets in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.8777em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">Rabipur/RabAvert and Encepur are currently manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.7108em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">factured by GlaxoSmithKline and the basis of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.5439em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">technology transfer to Bavarian Nordic is an as-is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.377em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">transfer of the current manufacturing process. This \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.2102em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">transfer will be a staged process, starting with pack- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.0433em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">aging then filling and ending with the transfer of bulk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.8764em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">manufacturing. The Company will incur material costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.7095em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">in terms of internal labour and consultancy to handle \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.5427em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">the technology transfer and gain crucial knowledge \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.3758em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">about the manufacturing process. These costs will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.2089em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">capitalized as an intangible asset. As per December 31, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.042em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">2022 the capitalized costs amounts to DKK 255.3 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.8752em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">(DKK 125.2 million), recognized as intangible assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.7083em;\"><span class=\"stl_255 stl_20 stl_78\">progress. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.3752em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">As part of the development plan for ABNCoV2 the filling \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.2083em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">process at Kvistgaard need to be scaled up to handle \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.0414em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">production for commercial launch. Cost related to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.8745em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">scale up activities are recognized as part of intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:37.7077em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">assets in progress with an amount of DKK 14.2 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:38.5408em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.02em;\">(DKK 3.6 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0016em;\">Intangible assets </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:41.3527em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6695em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_73\">Acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.0533em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2745em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.04em;\">rights and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6714em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_380\">intangible \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2695em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:1.0869em;\">Product development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1383em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_74\" style=\"word-spacing:-0.034em;\">assets in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7245em;top:13.6738em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.8014em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_330\">rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0108em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_199\" style=\"word-spacing:-0.029em;\">in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.3202em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_506\">Software \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.177em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_78\">progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9777em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7233em;top:15.3582em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8564em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_307\">458</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_242\">700 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4477em;top:15.3582em;z-index:299;\"><span class=\"stl_268 stl_20 stl_269\">29</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1589em;top:15.3582em;z-index:307;\"><span class=\"stl_268 stl_20 stl_627\">87</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.8883em;top:15.3582em;z-index:315;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_242\">543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7595em;top:15.3582em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_288\">633</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_110\">643 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7239em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:16.38em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0958em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_402\">703</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_271\">957 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9695em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_273\">145 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9002em;top:16.38em;z-index:360;\"><span class=\"stl_268 stl_20 stl_323\">96</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2302em;top:16.38em;\"><span class=\"stl_268 stl_20 stl_343\">800</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_50\">262 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7239em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2727em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.997em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1564em;top:17.4019em;\"><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_324\">921 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.712em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_313\">921</span><span class=\"stl_255 stl_20 stl_313\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1708em;top:17.4019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7245em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">Transfer to/from property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2733em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9977em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.722em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4964em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_561\">559</span><span class=\"stl_255 stl_20 stl_561\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.2208em;top:18.4238em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_561\">559</span><span class=\"stl_255 stl_20 stl_561\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7245em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2733em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9976em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.262em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_43\">280</span><span class=\"stl_255 stl_20 stl_43\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4464em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7108em;top:19.4457em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_43\">280</span><span class=\"stl_255 stl_20 stl_43\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7245em;top:20.4675em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2733em;top:20.4675em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9976em;top:20.4675em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2926em;top:20.4675em;\"><span class=\"stl_268 stl_20 stl_304\">12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.6783em;top:20.4675em;\"><span class=\"stl_268 stl_20 stl_50\">148 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4033em;top:20.4675em;\"><span class=\"stl_268 stl_20 stl_280\">160 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:21.4838em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0251em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.637em;top:21.4838em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9158em;top:21.4838em;\"><span class=\"stl_261 stl_16 stl_308\">733,77</span><span class=\"stl_257 stl_16 stl_308\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6245em;top:21.4838em;\"><span class=\"stl_257 stl_16 stl_300\">100</span><span class=\"stl_261 stl_16 stl_215\">,3</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3639em;top:21.4838em;\"><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_126\">34,37</span><span class=\"stl_257 stl_16 stl_126\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5689em;top:21.4838em;z-index:612;\"><span class=\"stl_261 stl_16 stl_343\">6,4</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_613\">7,</span><span class=\"stl_257 stl_16 stl_242\">22</span><span class=\"stl_261 stl_16 stl_242\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Amortization as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3533em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9983em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1695em;top:23.115em;z-index:665;\"><span class=\"stl_268 stl_20 stl_338\">69</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_100\">956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.447em;top:23.115em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2226em;top:23.115em;\"><span class=\"stl_268 stl_20 stl_237\">342</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_238\">891 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:24.1369em;\"><span class=\"stl_255 stl_20 stl_330\">Amortization \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3533em;top:24.1369em;\"><span class=\"stl_268 stl_20 stl_604\">272</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_282\">935 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9983em;top:24.1369em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1408em;top:24.1369em;\"><span class=\"stl_268 stl_20 stl_249\">13</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_246\">681 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.447em;top:24.1369em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2733em;top:24.1369em;\"><span class=\"stl_268 stl_20 stl_604\">286</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_341\">616 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2739em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9983em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.2414em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_166\">257</span><span class=\"stl_255 stl_20 stl_166\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.447em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6901em;top:25.1588em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_166\">257</span><span class=\"stl_255 stl_20 stl_166\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:26.1807em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2739em;top:26.1807em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9983em;top:26.1807em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2777em;top:26.1807em;\"><span class=\"stl_268 stl_20 stl_18\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.447em;top:26.1807em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7264em;top:26.1807em;\"><span class=\"stl_268 stl_20 stl_18\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Amortization as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.1801em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_250\">545,</span><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_291\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9908em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9908em;top:27.1969em;z-index:842;\"><span class=\"stl_261 stl_16 stl_253\">7</span><span class=\"stl_261 stl_16 stl_568\">7</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4395em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.0964em;top:27.1969em;\"><span class=\"stl_261 stl_16 stl_282\">6</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_271\">3,</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_291\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:28.8225em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6464em;top:28.8225em;\"><span class=\"stl_261 stl_16 stl_151\">4,9</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_238\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9158em;top:28.8225em;\"><span class=\"stl_261 stl_16 stl_308\">733,77</span><span class=\"stl_257 stl_16 stl_308\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9758em;top:28.8225em;\"><span class=\"stl_257 stl_16 stl_134\">22</span><span class=\"stl_261 stl_16 stl_151\">,9</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3639em;top:28.8225em;\"><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_126\">34,37</span><span class=\"stl_257 stl_16 stl_126\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5476em;top:28.8225em;\"><span class=\"stl_261 stl_16 stl_238\">5,</span><span class=\"stl_257 stl_16 stl_150\">80</span><span class=\"stl_261 stl_16 stl_563\">3,956 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:30.4482em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0369em;\">Geographical split of intangible assets \u2013 </span><span class=\"stl_257 stl_16 stl_09\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:31.4757em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.762em;top:31.4757em;\"><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_150\">802</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:32.4975em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.0564em;top:32.4975em;\"><span class=\"stl_268 stl_20 stl_18\">6</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:33.5194em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9608em;top:33.5194em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_285\">618 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7251em;top:34.5357em;\"><span class=\"stl_261 stl_16 stl_410\" style=\"word-spacing:-0.0327em;\">Total intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5476em;top:34.5357em;\"><span class=\"stl_261 stl_16 stl_238\">5,</span><span class=\"stl_257 stl_16 stl_150\">80</span><span class=\"stl_261 stl_16 stl_563\">3,956 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7489em;top:10.2157em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">Other intable assets in progress relates to IT invest- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:11.0488em;\"><span class=\"stl_255 stl_20 stl_345\">ments. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:12.7157em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">Other intangible assets in progress include investments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:13.5488em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">in software. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 15 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_428\" style=\"word-spacing:0.0016em;\">Intangible assets </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2343": {
   "value": "<div class=\"stl_01\" style=\"left:5.9858em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_450\" style=\"word-spacing:-0.0292em;\">Intangible assets are measured at historic cost less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.0339em;\">accumulated amortization and impairment losses. Cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0298em;\">of acquired product rights are measured at cash consid- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.029em;\">eration and present value of any deferred payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.5381em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0346em;\">for those rights. Furthermore costs of acquired product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.3712em;\"><span class=\"stl_255 stl_20 stl_181\" style=\"word-spacing:-0.0337em;\">rights include transaction costs that are directly attribut- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0299em;\">able to the acqusition. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.8712em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">Internal development projects that meet the require- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.7043em;\"><span class=\"stl_255 stl_20 stl_99\" style=\"word-spacing:-0.0314em;\">ments for recognition as intangible assets are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.5374em;\"><span class=\"stl_255 stl_20 stl_383\" style=\"word-spacing:-0.0294em;\">at direct cost relating to the development projects. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_420\" style=\"word-spacing:-0.0297em;\">Amortization is provided on a straight-line basis over the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.0374em;\"><span class=\"stl_255 stl_20 stl_213\" style=\"word-spacing:-0.0305em;\">useful economic lives of the assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0305em;\">The useful lives of acquired product rights are estimated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_41\" style=\"word-spacing:-0.0276em;\">to be 20 years and software is estimated to be 3-5 years. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.2043em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0337em;\">Amortization of acquired product rights is recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.0374em;\"><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0348em;\">part of cost of goods sold under production costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:28.6987em;\"><span class=\"stl_261 stl_16 stl_101\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.5374em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">The carrying amounts of intangible assets carried at cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.3706em;\"><span class=\"stl_255 stl_20 stl_351\" style=\"word-spacing:-0.0265em;\">or amortized cost are tested at least annually to deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.2037em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0303em;\">mine whether there are indications of any impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.0368em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">in excess of that expressed in normal amortization. If \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.8699em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0265em;\">that is the case, the asset is written down to the recov- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.7031em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0342em;\">erable amount, which is the higher of its fair value less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.5362em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">costs to sell and its value in use. Impairment losses on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.3693em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0326em;\">intangible assets are recognized under the same line \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.2024em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">item as amortization of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:37.8693em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0306em;\">For development projects in progress, the recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:38.7024em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">amount is assessed annually, regardless of whether any \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:39.5356em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">indications of impairment have been found. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2346": {
   "value": "<div class=\"stl_01\" style=\"left:4.714em;top:28.6987em;\"><span class=\"stl_261 stl_16 stl_101\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.5374em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">The carrying amounts of intangible assets carried at cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.3706em;\"><span class=\"stl_255 stl_20 stl_351\" style=\"word-spacing:-0.0265em;\">or amortized cost are tested at least annually to deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.2037em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0303em;\">mine whether there are indications of any impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.0368em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">in excess of that expressed in normal amortization. If \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.8699em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0265em;\">that is the case, the asset is written down to the recov- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.7031em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0342em;\">erable amount, which is the higher of its fair value less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.5362em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">costs to sell and its value in use. Impairment losses on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.3693em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0326em;\">intangible assets are recognized under the same line \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.2024em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">item as amortization of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:37.8693em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0306em;\">For development projects in progress, the recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:38.7024em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">amount is assessed annually, regardless of whether any \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:39.5356em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">indications of impairment have been found. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:20.7193em;\"><span class=\"stl_599 stl_57 stl_380\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5593em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0365em;\">The carrying amounts of property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.3924em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">carried at cost or amortized cost are tested annually to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2255em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">determine whether there are indications of any impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0587em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ment in excess of that expressed in normal deprecia- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.8918em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">tion. If that is the case, the asset is written down to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.7249em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0335em;\">recoverable amount, which is the higher of its fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.558em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">less costs to sell and its value in use. Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.3912em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">on property, plant and equipment are recognized under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the same line item as depreciation of the assets. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2349": {
   "value": "<div class=\"stl_01\" style=\"left:4.714em;top:28.6987em;\"><span class=\"stl_261 stl_16 stl_101\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.5374em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0353em;\">The carrying amounts of intangible assets carried at cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.3706em;\"><span class=\"stl_255 stl_20 stl_351\" style=\"word-spacing:-0.0265em;\">or amortized cost are tested at least annually to deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.2037em;\"><span class=\"stl_255 stl_20 stl_204\" style=\"word-spacing:-0.0303em;\">mine whether there are indications of any impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.0368em;\"><span class=\"stl_255 stl_20 stl_203\" style=\"word-spacing:-0.0315em;\">in excess of that expressed in normal amortization. If \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.8699em;\"><span class=\"stl_255 stl_20 stl_343\" style=\"word-spacing:-0.0265em;\">that is the case, the asset is written down to the recov- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.7031em;\"><span class=\"stl_255 stl_20 stl_82\" style=\"word-spacing:-0.0342em;\">erable amount, which is the higher of its fair value less \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.5362em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0329em;\">costs to sell and its value in use. Impairment losses on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.3693em;\"><span class=\"stl_255 stl_20 stl_202\" style=\"word-spacing:-0.0326em;\">intangible assets are recognized under the same line \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.2024em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0319em;\">item as amortization of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:37.8693em;\"><span class=\"stl_255 stl_20 stl_234\" style=\"word-spacing:-0.0306em;\">For development projects in progress, the recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:38.7024em;\"><span class=\"stl_255 stl_20 stl_246\" style=\"word-spacing:-0.0289em;\">amount is assessed annually, regardless of whether any \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:39.5356em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0308em;\">indications of impairment have been found. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:20.7193em;\"><span class=\"stl_599 stl_57 stl_380\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5593em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0365em;\">The carrying amounts of property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.3924em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">carried at cost or amortized cost are tested annually to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2255em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">determine whether there are indications of any impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0587em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ment in excess of that expressed in normal deprecia- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.8918em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">tion. If that is the case, the asset is written down to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.7249em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0335em;\">recoverable amount, which is the higher of its fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.558em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">less costs to sell and its value in use. Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.3912em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">on property, plant and equipment are recognized under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the same line item as depreciation of the assets. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2352": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 16 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0046em;\">Property, plant and equipment \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">Property, plant and equipment include land and build- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">ings, production equipment, leasehold improvements, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0369em;\">office and IT equipment and laboratory equipment and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">is measured at cost less accumulated depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">impairment losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.5624em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">Cost includes the costs directly attributable to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.3955em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">purchase of the asset, until the asset is ready for use. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.2287em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">For assets constructed by the Group cost includes mate- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.0618em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">rials, components, third-party suppliers and labour. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.7287em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">Borrowing costs directly attributable to the construction \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5618em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">of property, plant and equipment are included in cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3949em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">Other borrowing costs are recognized in the income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.228em;\"><span class=\"stl_255 stl_20 stl_107\">statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8949em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Depreciation is charged over the expected economic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.728em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">lives of the assets, and the depreciation methods, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.5612em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">expected lives and residual values are reassessed indi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.3943em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">vidually for the assets at the end of each financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.2274em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Assets are depreciated on a straightline basis over their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.0605em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">estimated useful lives as follows: \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.5605em;\"><span class=\"stl_255 stl_20 stl_345\">Buildings \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.885em;top:11.5605em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">10\u201320 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.3937em;\"><span class=\"stl_255 stl_20 stl_376\">Installations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2682em;top:12.3937em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">5\u201315 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:13.2268em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">Leasehold improvements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0769em;top:13.2268em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.021em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:14.0599em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Office and IT equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.4932em;top:14.0599em;\"><span class=\"stl_255 stl_20 stl_449\" style=\"word-spacing:-0.0407em;\">3\u20135 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:14.893em;\"><span class=\"stl_255 stl_20 stl_472\" style=\"word-spacing:-0.0389em;\">Laboratory equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2319em;top:14.893em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">5\u201310 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.7262em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0368em;\">Production equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2688em;top:15.7262em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">3\u201315 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.393em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Management reviews the estimated useful lives of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.2262em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">material property, plant and equipment at the end of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.0593em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0226em;\">each financial year. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:20.7193em;\"><span class=\"stl_599 stl_57 stl_380\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5593em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0365em;\">The carrying amounts of property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.3924em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">carried at cost or amortized cost are tested annually to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2255em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">determine whether there are indications of any impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0587em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ment in excess of that expressed in normal deprecia- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.8918em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">tion. If that is the case, the asset is written down to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.7249em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0335em;\">recoverable amount, which is the higher of its fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.558em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">less costs to sell and its value in use. Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.3912em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">on property, plant and equipment are recognized under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the same line item as depreciation of the assets. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.9818em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.3299em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.443em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">fixtures and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.9055em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0375em;\">fittings, other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1424em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_138\" style=\"word-spacing:-0.0428em;\">Land and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5699em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_463\">Leasehold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.458em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Plant and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1824em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0367em;\">plant and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.9237em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_59\" style=\"word-spacing:-0.0413em;\">Assets under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:14.4238em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0668em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:0.9976em;\">buildings improvement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1399em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_461\">machinery \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.7612em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_446\">equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.0656em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_446\">construction \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9799em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7255em;top:16.1082em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.603em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_202\">546</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">771 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.6437em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0749em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_408\">424</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_150\">291 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.8924em;top:16.1082em;z-index:378;\"><span class=\"stl_268 stl_20 stl_303\">312</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_543\">179 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5393em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_124\">578</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_45\">707 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7187em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_248\">884</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_72\">236 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7255em;top:17.13em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9693em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_324\">768 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0849em;top:17.13em;z-index:422;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4124em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_158\">26</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_308\">023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.8081em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_47\">146</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_50\">421 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.4999em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_127\">885 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2706em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_623\">361</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_172\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7249em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.5868em;top:18.1519em;\"><span class=\"stl_268 stl_20 stl_234\">238</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_333\">004 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.7174em;top:18.1519em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_172\">802 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4262em;top:18.1519em;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_71\">919 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9199em;top:18.1519em;z-index:499;\"><span class=\"stl_268 stl_20 stl_334\">167</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_311\">745 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3774em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_303\">491</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_605\">470</span><span class=\"stl_255 stl_20 stl_605\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1718em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7256em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5499em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2743em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.5481em;top:19.1738em;z-index:535;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">864</span><span class=\"stl_255 stl_20 stl_100\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.7706em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_239\">428</span><span class=\"stl_255 stl_20 stl_239\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4474em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.4131em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_282\">292</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7256em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5499em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2743em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9987em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9962em;top:20.1957em;\"><span class=\"stl_268 stl_20 stl_339\">119 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.3331em;top:20.1957em;\"><span class=\"stl_268 stl_20 stl_18\">8</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4156em;top:20.1957em;\"><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7262em;top:21.2119em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0249em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4318em;top:21.2119em;\"><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_72\">5</span><span class=\"stl_257 stl_16 stl_76\">8</span><span class=\"stl_261 stl_16 stl_221\">,543 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5312em;top:21.2119em;\"><span class=\"stl_261 stl_16 stl_127\">4</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_280\">37 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9287em;top:21.2119em;\"><span class=\"stl_261 stl_16 stl_296\">5</span><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_492\">4,369 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6449em;top:21.2119em;\"><span class=\"stl_261 stl_16 stl_09\">6</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_274\">6,</span><span class=\"stl_257 stl_16 stl_45\">0</span><span class=\"stl_261 stl_16 stl_326\">36 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.4256em;top:21.2119em;z-index:659;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_337\">96,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_238\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5612em;top:21.2119em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_342\">35,3</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_270\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7262em;top:22.8432em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Depreciation and impairment losses as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6331em;top:22.8432em;\"><span class=\"stl_268 stl_20 stl_364\">200</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_276\">818 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.6731em;top:22.8432em;\"><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">277 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.1931em;top:22.8432em;z-index:748;\"><span class=\"stl_268 stl_20 stl_628\">169</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_338\">761 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1418em;top:22.8432em;\"><span class=\"stl_268 stl_20 stl_127\">88</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_71\">712 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4493em;top:22.8432em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2481em;top:22.8432em;\"><span class=\"stl_268 stl_20 stl_561\">471</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_332\">568 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7268em;top:23.865em;\"><span class=\"stl_255 stl_20 stl_111\">Depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9937em;top:23.865em;z-index:788;\"><span class=\"stl_268 stl_20 stl_629\">27</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_331\">587 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0781em;top:23.865em;z-index:795;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_324\">196 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4468em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_340\">31</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_26\">061 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1087em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_294\">26</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_199\">360 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4487em;top:23.865em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5437em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_127\">88</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_246\">204 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7268em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5512em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2756em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.6124em;top:24.8869em;z-index:845;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_12\">198</span><span class=\"stl_255 stl_20 stl_12\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.7631em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_336\">301</span><span class=\"stl_255 stl_20 stl_336\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4487em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7087em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_43\">499</span><span class=\"stl_255 stl_20 stl_43\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7262em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5506em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9912em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_629\">1</span><span class=\"stl_255 stl_20 stl_629\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9993em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2856em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_09\">70 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4481em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7368em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_291\">69 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7262em;top:26.925em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Depreciation and impairment losses as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4299em;top:26.925em;\"><span class=\"stl_257 stl_16 stl_166\">228</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5468em;top:26.925em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_570\">5,47</span><span class=\"stl_257 stl_16 stl_570\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9287em;top:26.925em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_45\">9</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6712em;top:26.925em;\"><span class=\"stl_257 stl_16 stl_593\">11</span><span class=\"stl_261 stl_16 stl_75\">4,</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_305\">4</span><span class=\"stl_257 stl_16 stl_305\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4412em;top:26.925em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1012em;top:26.925em;\"><span class=\"stl_261 stl_16 stl_276\">55</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_85\">,34</span><span class=\"stl_257 stl_16 stl_85\">2 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7268em;top:28.5507em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.5218em;top:28.5507em;z-index:1035;\"><span class=\"stl_261 stl_16 stl_274\">63</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_326\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5643em;top:28.5507em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_45\">4,765 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9912em;top:28.5507em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_548\">21</span><span class=\"stl_261 stl_16 stl_573\">,745 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7525em;top:28.5507em;z-index:1055;\"><span class=\"stl_261 stl_16 stl_548\">5</span><span class=\"stl_257 stl_16 stl_312\">11</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.4268em;top:28.5507em;z-index:1062;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_337\">96,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_238\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5406em;top:28.5507em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_75\">,6</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_317\">3,973 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:30.1763em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Geographical split of property, plant and equipment \u2013 </span><span class=\"stl_257 stl_16 stl_514\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:31.2038em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7712em;top:31.2038em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_294\">626</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_331\">673 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:32.2257em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5431em;top:32.2257em;\"><span class=\"stl_268 stl_20 stl_323\">56</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_205\">564 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:33.2475em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3843em;top:33.2475em;\"><span class=\"stl_268 stl_20 stl_72\">463 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:34.2694em;\"><span class=\"stl_255 stl_20 stl_215\">Switzerland \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3906em;top:34.2694em;\"><span class=\"stl_268 stl_20 stl_100\">273 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7274em;top:35.2857em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0328em;\">Total property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5406em;top:35.2857em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_75\">,6</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_317\">3,973 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7512em;top:10.2157em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">The expansion of the drug substance facility for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:11.0488em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">production of Rabipur/RabAvert and Encepur completed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:11.8819em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">end of 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:13.5488em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">The Company has not incurred any borrowing costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:14.3819em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">directly attributable to the construction of the fill finish \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:15.215em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">manufacturing facility, hence no borrowing costs have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:16.0482em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">been capitalized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:17.715em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Mortgage loans of DKK 18.9 million are secured by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:18.5482em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">mortgages totaling DKK 50.0 million on the property \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:19.3813em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0239em;\">B\u00f8geskovvej 9/Hejreskovvej 10A, Kvistgaard. In addi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:20.2144em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">tion, as of December 31, 2022, mortgage deeds for a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:21.0475em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">total of DKK 75.0 million have been issued. The carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:21.8807em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">amount of assets mortgaged in security of mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:22.7138em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">loans is DKK 951.8 million (land and buildings: DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7512em;top:23.5469em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">630.1 million; plant and machinery: DKK 321.7 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 16 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0046em;\">Property, plant and equipment </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:38.9905em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.3298em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_319\">Other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.443em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">fixtures and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.9055em;top:12.9182em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0375em;\">fittings, other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1423em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_138\" style=\"word-spacing:-0.0428em;\">Land and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5698em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_463\">Leasehold \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.458em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">Plant and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1823em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0367em;\">plant and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.9236em;top:13.6682em;\"><span class=\"stl_261 stl_16 stl_59\" style=\"word-spacing:-0.0413em;\">Assets under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:14.4238em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0667em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:0.9976em;\">buildings improvement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1398em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_461\">machinery \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.7611em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_446\">equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.0655em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_446\">construction \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9798em;top:14.4182em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7255em;top:16.1082em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">Costs as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.5905em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_96\">548</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_150\">291 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.673em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_291\">14</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_332\">404 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0886em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_307\">485</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_327\">024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.8186em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_425\">294</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_281\">418 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5311em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_630\">213</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_75\">309 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.758em;top:16.1082em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_282\">555</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:17.13em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3055em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_304\">516 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5023em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_378\">597 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.7755em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_272\">717 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1698em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_151\">871 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5323em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_336\">461</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_331\">867 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2048em;top:17.13em;\"><span class=\"stl_268 stl_20 stl_343\">482</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_332\">568 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_202\">Transfer \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3217em;top:18.1519em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_302\">911 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0848em;top:18.1519em;z-index:487;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_269\">811 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4742em;top:18.1519em;z-index:495;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_313\">155 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.5505em;top:18.1519em;z-index:502;\"><span class=\"stl_268 stl_20 stl_567\">9</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_50\">148 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.7111em;top:18.1519em;z-index:511;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_47\">025</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1717em;top:18.1519em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">Transfer from intangible assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5498em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2742em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9986em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.723em;top:19.1738em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.6823em;top:19.1738em;\"><span class=\"stl_268 stl_20 stl_324\">559 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4067em;top:19.1738em;\"><span class=\"stl_268 stl_20 stl_324\">559 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7248em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.7842em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_429\">946</span><span class=\"stl_255 stl_20 stl_429\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3405em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_631\">518</span><span class=\"stl_255 stl_20 stl_631\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9223em;top:20.1957em;z-index:601;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_594\">139</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_471\">605</span><span class=\"stl_255 stl_20 stl_471\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.263em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_174\">369</span><span class=\"stl_255 stl_20 stl_174\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4467em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.0673em;top:20.1957em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_408\">154</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_280\">438</span><span class=\"stl_255 stl_20 stl_280\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7248em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.2655em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_629\">1</span><span class=\"stl_255 stl_20 stl_629\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9761em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_548\">6</span><span class=\"stl_255 stl_20 stl_548\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9979em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.0048em;top:21.2175em;\"><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1423em;top:21.2175em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_293\">3</span><span class=\"stl_255 stl_20 stl_293\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4148em;top:21.2175em;\"><span class=\"stl_268 stl_20 stl_276\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7248em;top:22.2338em;\"><span class=\"stl_261 stl_16 stl_75\" style=\"word-spacing:-0.0249em;\">Cost as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4417em;top:22.2338em;\"><span class=\"stl_261 stl_16 stl_632\">546,77</span><span class=\"stl_257 stl_16 stl_632\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5073em;top:22.2338em;\"><span class=\"stl_257 stl_16 stl_134\">22</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_200\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8986em;top:22.2338em;\"><span class=\"stl_261 stl_16 stl_18\">4</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_76\">4,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_280\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7217em;top:22.2338em;z-index:724;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_335\">1</span><span class=\"stl_261 stl_16 stl_294\">79 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3786em;top:22.2338em;\"><span class=\"stl_261 stl_16 stl_280\">57</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_133\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5067em;top:22.2338em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_344\">88</span><span class=\"stl_261 stl_16 stl_76\">4,</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_326\">36 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:23.865em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">Depreciation and impairment losses as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6436em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_239\">182</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">059 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.7092em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_543\">10</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_26\">691 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0448em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_317\">280</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_199\">360 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.2061em;top:23.865em;z-index:827;\"><span class=\"stl_268 stl_20 stl_564\">71</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_280\">180 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4467em;top:23.865em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2004em;top:23.865em;\"><span class=\"stl_268 stl_20 stl_32\">544</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_75\">290 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_111\">Depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9617em;top:24.8869em;\"><span class=\"stl_268 stl_20 stl_298\">25</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_280\">695 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0573em;top:24.8869em;z-index:866;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_378\">104 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.4361em;top:24.8869em;z-index:874;\"><span class=\"stl_268 stl_20 stl_629\">27</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_200\">572 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1304em;top:24.8869em;\"><span class=\"stl_268 stl_20 stl_280\">20</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4461em;top:24.8869em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5973em;top:24.8869em;\"><span class=\"stl_268 stl_20 stl_45\">75</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_298\">791 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5486em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2729em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2273em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_158\">278 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.9292em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4461em;top:25.9088em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4336em;top:25.9088em;\"><span class=\"stl_268 stl_20 stl_613\">618 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.1073em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_280\">936</span><span class=\"stl_255 stl_20 stl_280\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3398em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_631\">518</span><span class=\"stl_255 stl_20 stl_631\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8873em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_432\">138</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_47\">449</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.2411em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_124\">300</span><span class=\"stl_255 stl_20 stl_124\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4461em;top:26.9307em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1304em;top:26.9307em;z-index:988;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_584\">149</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_71\">203</span><span class=\"stl_255 stl_20 stl_71\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5486em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.273em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.9973em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2636em;top:27.9525em;\"><span class=\"stl_268 stl_20 stl_114\">72 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4461em;top:27.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7123em;top:27.9525em;\"><span class=\"stl_268 stl_20 stl_114\">72 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7242em;top:28.9688em;\"><span class=\"stl_261 stl_16 stl_376\" style=\"word-spacing:-0.0322em;\">Depreciation and impairment losses as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_09\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4686em;top:28.9688em;\"><span class=\"stl_257 stl_16 stl_364\">200</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_327\">818 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5273em;top:28.9688em;\"><span class=\"stl_257 stl_16 stl_277\">12</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_253\">77 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0092em;top:28.9688em;\"><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_633\">69,76</span><span class=\"stl_257 stl_16 stl_633\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9986em;top:28.9688em;\"><span class=\"stl_257 stl_16 stl_215\">88</span><span class=\"stl_261 stl_16 stl_278\">,7</span><span class=\"stl_257 stl_16 stl_305\">12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4386em;top:28.9688em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.0811em;top:28.9688em;\"><span class=\"stl_261 stl_16 stl_324\">47</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_69\">,56</span><span class=\"stl_257 stl_16 stl_69\">8 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7242em;top:30.5944em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Carrying amount as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4711em;top:30.5944em;\"><span class=\"stl_261 stl_16 stl_563\">345,953 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.5917em;top:30.5944em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_634\">011 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8861em;top:30.5944em;\"><span class=\"stl_257 stl_16 stl_326\">2</span><span class=\"stl_261 stl_16 stl_88\">54,53</span><span class=\"stl_257 stl_16 stl_88\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6117em;top:30.5944em;\"><span class=\"stl_257 stl_16 stl_33\">22</span><span class=\"stl_261 stl_16 stl_250\">3,467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3779em;top:30.5944em;\"><span class=\"stl_261 stl_16 stl_280\">57</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_133\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5429em;top:30.5944em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_248\">,66</span><span class=\"stl_257 stl_16 stl_248\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:32.22em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Geographical split of property, plant and equipment \u2013 </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:33.2475em;\"><span class=\"stl_255 stl_20 stl_372\">Denmark \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7879em;top:33.2475em;z-index:1261;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_313\">369</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:34.2694em;\"><span class=\"stl_255 stl_20 stl_347\">Germany \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.603em;top:34.2694em;\"><span class=\"stl_268 stl_20 stl_302\">41</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">775 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:35.2913em;\"><span class=\"stl_255 stl_20 stl_106\">USA \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3792em;top:35.2913em;\"><span class=\"stl_268 stl_20 stl_134\">577 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:36.3132em;\"><span class=\"stl_255 stl_20 stl_215\">Switzerland \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4061em;top:36.3132em;\"><span class=\"stl_268 stl_20 stl_324\">320 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7236em;top:37.3294em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0328em;\">Total property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5429em;top:37.3294em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_248\">,66</span><span class=\"stl_257 stl_16 stl_248\">8 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7473em;top:10.215em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0347em;\">Assets under construction relates mainly the ongoing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:11.0482em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">expansion of the drug substance facility for future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:11.8813em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">production of Rabipur/RabAvert and Encepur (DKK 479 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:12.7144em;\"><span class=\"stl_255 stl_20 stl_383\">million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:14.3813em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">The fill and finish manufacturing facility completed in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:15.2144em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">2021 and the depreciation of the fill and finish building \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:16.0475em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">and equipment commenced. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:17.7144em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">Mortgage loans of DKK 21.1 million are secured by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:18.5475em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">mortgages totaling DKK 50.0 million on the property \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:19.3807em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0239em;\">B\u00f8geskovvej 9/Hejreskovvej 10A, Kvistgaard. In addi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:20.2138em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">tion, as of December 31, 2021, mortgage deeds for a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:21.0469em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">total of DKK 75.0 million have been issued. The carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:21.88em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0375em;\">amount of assets mortgaged in security of mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:22.7132em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0351em;\">loans is DKK 600.5 million (land and buildings: DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7473em;top:23.5463em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">346.0 million; plant and machinery: DKK 254.5 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 16 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0046em;\">Property, plant and equipment </span><span class=\"stl_600 stl_36 stl_565\">(continued) \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2364": {
   "value": "<div class=\"stl_01\" style=\"left:5.9962em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">Property, plant and equipment include land and build- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">ings, production equipment, leasehold improvements, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0369em;\">office and IT equipment and laboratory equipment and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">is measured at cost less accumulated depreciation and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">impairment losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.5624em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">Cost includes the costs directly attributable to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.3955em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">purchase of the asset, until the asset is ready for use. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.2287em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">For assets constructed by the Group cost includes mate- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.0618em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">rials, components, third-party suppliers and labour. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.7287em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">Borrowing costs directly attributable to the construction \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.5618em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">of property, plant and equipment are included in cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.3949em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">Other borrowing costs are recognized in the income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.228em;\"><span class=\"stl_255 stl_20 stl_107\">statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.8949em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Depreciation is charged over the expected economic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.728em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">lives of the assets, and the depreciation methods, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.5612em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">expected lives and residual values are reassessed indi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.3943em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">vidually for the assets at the end of each financial year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.2274em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Assets are depreciated on a straightline basis over their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:29.0605em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">estimated useful lives as follows: \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.5605em;\"><span class=\"stl_255 stl_20 stl_345\">Buildings \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.885em;top:11.5605em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">10\u201320 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.3937em;\"><span class=\"stl_255 stl_20 stl_376\">Installations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2682em;top:12.3937em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">5\u201315 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:13.2268em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">Leasehold improvements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.0769em;top:13.2268em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.021em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:14.0599em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Office and IT equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.4932em;top:14.0599em;\"><span class=\"stl_255 stl_20 stl_449\" style=\"word-spacing:-0.0407em;\">3\u20135 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7332em;top:14.893em;\"><span class=\"stl_255 stl_20 stl_472\" style=\"word-spacing:-0.0389em;\">Laboratory equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2319em;top:14.893em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">5\u201310 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.7262em;\"><span class=\"stl_255 stl_20 stl_58\" style=\"word-spacing:-0.0368em;\">Production equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2688em;top:15.7262em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0243em;\">3\u201315 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.393em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Management reviews the estimated useful lives of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.2262em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">material property, plant and equipment at the end of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.0593em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.0226em;\">each financial year. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:20.7193em;\"><span class=\"stl_599 stl_57 stl_380\">Impairment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:21.5593em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0365em;\">The carrying amounts of property, plant and equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.3924em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">carried at cost or amortized cost are tested annually to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.2255em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">determine whether there are indications of any impair- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.0587em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">ment in excess of that expressed in normal deprecia- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.8918em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">tion. If that is the case, the asset is written down to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.7249em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0335em;\">recoverable amount, which is the higher of its fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.558em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">less costs to sell and its value in use. Impairment losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.3912em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">on property, plant and equipment are recognized under \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:28.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the same line item as depreciation of the assets. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2367": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_566\" style=\"word-spacing:0.007em;\">Note 17 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_171\">Right-of-use-assets \u00a0</span></div><div class=\"stl_01\" style=\"left:28.5881em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.705em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_134\">Rent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9237em;top:11.4182em;\"><span class=\"stl_261 stl_16 stl_412\">Car \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:12.1738em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0387em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_635\">facility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7175em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:0.7661em;\">leasing Equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9712em;top:12.1682em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:13.8582em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">Right-of-use assets as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.2412em;top:13.8582em;\"><span class=\"stl_268 stl_20 stl_65\">73</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_282\">026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4031em;top:13.8582em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_613\">742 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1468em;top:13.8582em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_184\">075 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:13.8582em;\"><span class=\"stl_268 stl_20 stl_278\">75</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_246\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:14.88em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0718em;top:14.88em;\"><span class=\"stl_268 stl_20 stl_548\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3406em;top:14.88em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_277\">671 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3831em;top:14.88em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9062em;top:14.88em;z-index:284;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_332\">588 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:15.9019em;\"><span class=\"stl_255 stl_20 stl_409\">Modifications \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.575em;top:15.9019em;\"><span class=\"stl_268 stl_20 stl_356\">5</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_231\">326 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8112em;top:15.9019em;\"><span class=\"stl_268 stl_20 stl_215\">986 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3831em;top:15.9019em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9175em;top:15.9019em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">312 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7243em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_316\">Disposals \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3843em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_587\">412</span><span class=\"stl_255 stl_20 stl_587\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.6037em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3831em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7225em;top:16.9238em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_587\">412</span><span class=\"stl_255 stl_20 stl_587\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7237em;top:17.9457em;\"><span class=\"stl_255 stl_20 stl_69\">Depreciations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0987em;top:17.9457em;z-index:372;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1425em;top:17.9457em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_26\">,</span><span class=\"stl_268 stl_20 stl_158\">050</span><span class=\"stl_255 stl_20 stl_158\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4031em;top:17.9457em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_455\">500</span><span class=\"stl_255 stl_20 stl_455\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3618em;top:17.9457em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_47\">025</span><span class=\"stl_255 stl_20 stl_47\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7237em;top:18.9675em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Reversal depreciations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.025em;top:18.9675em;\"><span class=\"stl_268 stl_20 stl_333\">909 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.6031em;top:18.9675em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3825em;top:18.9675em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3631em;top:18.9675em;\"><span class=\"stl_268 stl_20 stl_333\">909 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7231em;top:19.9894em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0925em;top:19.9894em;\"><span class=\"stl_268 stl_20 stl_338\">176 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.16em;top:19.9894em;\"><span class=\"stl_268 stl_20 stl_158\">43 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0981em;top:19.9894em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_629\">1</span><span class=\"stl_255 stl_20 stl_629\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4094em;top:19.9894em;\"><span class=\"stl_268 stl_20 stl_296\">218 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:21.0057em;\"><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0305em;\">Right-of-use assets as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_445\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0619em;top:21.0057em;\"><span class=\"stl_261 stl_16 stl_72\">5</span><span class=\"stl_257 stl_16 stl_76\">8</span><span class=\"stl_261 stl_16 stl_234\">,467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2144em;top:21.0057em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_317\">,39</span><span class=\"stl_257 stl_16 stl_317\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5781em;top:21.0057em;\"><span class=\"stl_261 stl_16 stl_335\">574 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.47em;top:21.0057em;\"><span class=\"stl_261 stl_16 stl_356\">67,433 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.595em;top:22.9982em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.7031em;top:24.1976em;\"><span class=\"stl_261 stl_16 stl_134\">Rent \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9218em;top:24.1976em;\"><span class=\"stl_261 stl_16 stl_412\">Car \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:24.9532em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0368em;top:24.9476em;\"><span class=\"stl_261 stl_16 stl_635\">facility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7156em;top:24.9476em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:0.7661em;\">leasing Equipment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9694em;top:24.9476em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:26.6375em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">Right-of-use assets as of January </span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.2344em;top:26.6375em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">931 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3525em;top:26.6375em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">312 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6319em;top:26.6375em;\"><span class=\"stl_268 stl_20 stl_272\">744 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5862em;top:26.6375em;\"><span class=\"stl_268 stl_20 stl_286\">71</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_130\">987 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:27.6594em;\"><span class=\"stl_255 stl_20 stl_279\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8225em;top:27.6594em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8231em;top:27.6594em;\"><span class=\"stl_268 stl_20 stl_274\">902 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6169em;top:27.6594em;\"><span class=\"stl_268 stl_20 stl_324\">768 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9206em;top:27.6594em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_184\">670 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:28.6813em;\"><span class=\"stl_255 stl_20 stl_409\">Modifications \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.2162em;top:28.6813em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_172\">036 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.9637em;top:28.6813em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_172\">46</span><span class=\"stl_255 stl_20 stl_172\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9294em;top:28.6813em;\"><span class=\"stl_268 stl_20 stl_72\">38 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5625em;top:28.6813em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_50\">028 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_69\">Depreciations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0825em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_282\">18</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_315\">071</span><span class=\"stl_255 stl_20 stl_315\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1481em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_274\">480</span><span class=\"stl_255 stl_20 stl_274\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4294em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_26\">475</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3856em;top:29.7032em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_184\">20</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_11\">026</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:30.725em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Exchange rate adjustments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0606em;top:30.725em;\"><span class=\"stl_268 stl_20 stl_09\">130 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.1487em;top:30.725em;\"><span class=\"stl_268 stl_20 stl_127\">54 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:30.725em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3887em;top:30.725em;\"><span class=\"stl_268 stl_20 stl_378\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:31.7413em;\"><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">Right-of-use assets as of December 3</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_542\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0968em;top:31.7413em;\"><span class=\"stl_261 stl_16 stl_274\">73,</span><span class=\"stl_257 stl_16 stl_282\">02</span><span class=\"stl_261 stl_16 stl_282\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2768em;top:31.7413em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_636\">,74</span><span class=\"stl_257 stl_16 stl_636\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.02em;top:31.7413em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_09\">75 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4156em;top:31.7413em;\"><span class=\"stl_261 stl_16 stl_125\">75,</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_238\">43 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7225em;top:33.7394em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.19em;top:33.7338em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9868em;top:33.7338em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:35.4182em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0379em;\">Amounts included in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:36.4457em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Interest expense leases \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1006em;top:36.4457em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_233\">888 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9412em;top:36.4457em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_548\">976 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7218em;top:37.4675em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">Depreciation recognized on right-of-use assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.79em;top:37.4675em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5887em;top:37.4675em;\"><span class=\"stl_268 stl_20 stl_184\">20</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_282\">026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7212em;top:38.4894em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Cost recognized for short term leases (less than </span><span class=\"stl_268 stl_20 stl_302\" style=\"word-spacing:0.074em;\">12 </span><span class=\"stl_255 stl_20 stl_247\">months) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6106em;top:38.4894em;\"><span class=\"stl_268 stl_20 stl_288\">267 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3868em;top:38.4894em;\"><span class=\"stl_268 stl_20 stl_151\">427 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">The right-of-use assets comprise the initial measure- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">ment of the corresponding lease liability. Right-of-use \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">assets are subsequently measured at cost less accumu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">lated depreciation and impairment losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3718em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">All operating leases with a lease term of more than 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2049em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">months are recognized on the balance sheet as right- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0381em;\"><span class=\"stl_255 stl_20 stl_75\">of-use-assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.7049em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">For leases with a lease term of less than 12 months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.5381em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the lease payments are recognized as an operating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.3712em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">expense on a straight-line basis over the term of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_134\">lease. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.8712em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0247em;\">The right-of-use-assets are measured at the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">value of all future lease payments. When assessing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">lease term, any extension or termination options are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.3706em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">included in the assessment. The options are included \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.2037em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">in determining the lease term, if exercise is reason- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0368em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ably certain. When determining the discount rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.8699em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">used to calculate the net present value of future lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.7031em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">payments, an incremental country specific borrowing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.5362em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">rate is used, based on a government bond plus the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.3693em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0245em;\">Group\u2019s credit margin, ranging from 2.5% to 3.0%. A \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.2024em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">single discount rate is used for a portfolio of lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.0356em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">assets with reasonable similar characteristics. Initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.8687em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">direct costs are not included in measurement of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7018em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">right-of-use-assets. Non-lease components are not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.5349em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">separated from lease components. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.2018em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Impact from change in lease terms, lease payments or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.0349em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">modification of the lease contract is further described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.8681em;z-index:2496;\"><span class=\"stl_255 stl_20 stl_455\" style=\"word-spacing:-0.0027em;\">in note 27. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.5349em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">Right-of-use assets are depreciated over the shorter \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.3681em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">period of lease term and useful life of the underlying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.2012em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">asset. The depreciation starts at the commencement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.0343em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">date of the lease. IAS 36 is applied to determine \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.8674em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">whether a right-of-use asset is impaired and any iden- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.7006em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">tified impariment losses are accounted for as described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.5337em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">in note 15. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_378\" style=\"word-spacing:0.005em;\">Note 27 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_655\" style=\"word-spacing:0.0043em;\">Lease liabilities \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2795em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1921em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.989em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_454\">Non-current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7815em;top:11.9639em;\"><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">834 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.609em;top:11.9639em;z-index:78;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.9858em;\"><span class=\"stl_255 stl_20 stl_94\">Current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7809em;top:12.9858em;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5759em;top:12.9858em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">266 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.002em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0349em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6771em;top:14.002em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_291\">21 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4415em;top:14.002em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_286\">81</span><span class=\"stl_261 stl_16 stl_286\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0352em;top:17.1723em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:17.1723em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:17.1723em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.9279em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:17.9223em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:17.9223em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:17.9223em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:17.9223em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:19.6067em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:20.6342em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.3765em;top:20.6342em;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1015em;top:20.6342em;\"><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">834 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:20.6342em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5827em;top:20.6342em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.6504em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.2115em;top:21.6504em;\"><span class=\"stl_257 stl_16 stl_130\">2</span><span class=\"stl_261 stl_16 stl_68\">4,4</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_326\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.9552em;top:21.6504em;\"><span class=\"stl_261 stl_16 stl_307\">45,</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_85\">34 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4209em;top:21.6504em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4465em;top:21.6504em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_291\">21 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.8792em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.9067em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.3921em;top:24.9067em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">266 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1496em;top:24.9067em;z-index:325;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:24.9067em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5709em;top:24.9067em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:25.9229em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.2552em;top:25.9229em;\"><span class=\"stl_257 stl_16 stl_564\">21</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_344\">66 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.0071em;top:25.9229em;\"><span class=\"stl_261 stl_16 stl_186\">57,547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4209em;top:25.9229em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4315em;top:25.9229em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_286\">81</span><span class=\"stl_261 stl_16 stl_286\">3 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">The lease liability is initially measured at the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">value of the future lease payments (see further in note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">17), discounted by using an incremental country specific \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">borrowing rate ranging from 2.5% to 3.0% applying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">only a single discount rate for a portfolio of lease assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">with reasonable similar characteristics. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3955em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">The lease liability is subsequently measured by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.2287em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">increasing the carrying amount to reflect interest on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0618em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the lease liability using the effective interest method \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8949em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">and by reducing the carrying amount to reflect the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.728em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">lease payments made. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3949em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">The lease liability is remeasured and corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.228em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0251em;\">adjustments are made to the related right-of-use-asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0612em;\"><span class=\"stl_255 stl_20 stl_326\">whenever: \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.5612em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:11.5612em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">The lease term has changed, in which case the lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:12.3943em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">liability is remeasured by discounting the revised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:13.2274em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">lease payments using a revised discount rate. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.8943em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:14.8943em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">The lease payments change due to changes in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:15.7274em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">an index or rate, in which case the lease liability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:16.5605em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">is remeasured by discounting the revised lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:17.3937em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">payments using an unchanged discount rate. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.0605em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:19.0605em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">A lease contract is modified and the lease modifi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:19.8937em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">cation is not accounted for as a seperate lease, in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:20.7268em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">which case the lease liability is remeasured based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:21.5599em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the lease term of the modified lease by discounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:22.393em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">the revised lease payments using a revised discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:23.2262em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">rate at the effective date of the modification. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2376": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:10.1588em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.2056em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">The right-of-use assets comprise the initial measure- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.0387em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">ment of the corresponding lease liability. Right-of-use \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.8718em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">assets are subsequently measured at cost less accumu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.7049em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">lated depreciation and impairment losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.3718em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">All operating leases with a lease term of more than 12 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.2049em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">months are recognized on the balance sheet as right- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.0381em;\"><span class=\"stl_255 stl_20 stl_75\">of-use-assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.7049em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">For leases with a lease term of less than 12 months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.5381em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the lease payments are recognized as an operating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.3712em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">expense on a straight-line basis over the term of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.2043em;\"><span class=\"stl_255 stl_20 stl_134\">lease. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.8712em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0247em;\">The right-of-use-assets are measured at the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.7043em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">value of all future lease payments. When assessing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.5374em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">lease term, any extension or termination options are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.3706em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">included in the assessment. The options are included \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.2037em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">in determining the lease term, if exercise is reason- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.0368em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ably certain. When determining the discount rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.8699em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">used to calculate the net present value of future lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.7031em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">payments, an incremental country specific borrowing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.5362em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">rate is used, based on a government bond plus the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.3693em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0245em;\">Group\u2019s credit margin, ranging from 2.5% to 3.0%. A \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.2024em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">single discount rate is used for a portfolio of lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.0356em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">assets with reasonable similar characteristics. Initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.8687em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">direct costs are not included in measurement of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.7018em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">right-of-use-assets. Non-lease components are not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.5349em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">separated from lease components. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.2018em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Impact from change in lease terms, lease payments or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.0349em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0339em;\">modification of the lease contract is further described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.8681em;z-index:2496;\"><span class=\"stl_255 stl_20 stl_455\" style=\"word-spacing:-0.0027em;\">in note 27. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.5349em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">Right-of-use assets are depreciated over the shorter \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.3681em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">period of lease term and useful life of the underlying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.2012em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">asset. The depreciation starts at the commencement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.0343em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">date of the lease. IAS 36 is applied to determine \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.8674em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">whether a right-of-use asset is impaired and any iden- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.7006em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">tified impariment losses are accounted for as described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.5337em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">in note 15. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">The lease liability is initially measured at the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">value of the future lease payments (see further in note \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">17), discounted by using an incremental country specific \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">borrowing rate ranging from 2.5% to 3.0% applying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">only a single discount rate for a portfolio of lease assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">with reasonable similar characteristics. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3955em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">The lease liability is subsequently measured by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.2287em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">increasing the carrying amount to reflect interest on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0618em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the lease liability using the effective interest method \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8949em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">and by reducing the carrying amount to reflect the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.728em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">lease payments made. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3949em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">The lease liability is remeasured and corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.228em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0251em;\">adjustments are made to the related right-of-use-asset \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0612em;\"><span class=\"stl_255 stl_20 stl_326\">whenever: \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.5612em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:11.5612em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">The lease term has changed, in which case the lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:12.3943em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">liability is remeasured by discounting the revised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:13.2274em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">lease payments using a revised discount rate. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.8943em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:14.8943em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">The lease payments change due to changes in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:15.7274em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">an index or rate, in which case the lease liability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:16.5605em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">is remeasured by discounting the revised lease \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:17.3937em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">payments using an unchanged discount rate. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.0605em;\"><span class=\"stl_255 stl_20 stl_18\">\u2022</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:19.0605em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">A lease contract is modified and the lease modifi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:19.8937em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">cation is not accounted for as a seperate lease, in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:20.7268em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">which case the lease liability is remeasured based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:21.5599em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">the lease term of the modified lease by discounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:22.393em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">the revised lease payments using a revised discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.457em;top:23.2262em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">rate at the effective date of the modification. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2380": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_298\" style=\"word-spacing:0.002em;\">Note 18 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_176\">Inventories \u00a0</span></div><div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">Raw materials and supply materials \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4757em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_492\">206</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_275\">211 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5732em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_172\">80</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_09\">243 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">Work in progress \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5369em;top:12.9307em;z-index:146;\"><span class=\"stl_268 stl_20 stl_45\">641</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">183 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5869em;top:12.9307em;z-index:154;\"><span class=\"stl_268 stl_20 stl_637\">79</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_344\">904 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0365em;\">Manufactured goods and commodities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4332em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_383\">234</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_200\">097 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2363em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_300\">492</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_298\">837 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Write-down on inventory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_174\">162</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_592\">419</span><span class=\"stl_255 stl_20 stl_592\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0932em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_294\">172</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_573\">941</span><span class=\"stl_255 stl_20 stl_573\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_248\">Inventories \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3375em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_524\">9,</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_344\">7</span><span class=\"stl_257 stl_16 stl_344\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0525em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_74\">4</span><span class=\"stl_257 stl_16 stl_222\">80</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_238\">43 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Write-down on inventory as of January </span><span class=\"stl_268 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3144em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_294\">172</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_573\">941</span><span class=\"stl_255 stl_20 stl_573\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3725em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_158\">63</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_124\">537</span><span class=\"stl_255 stl_20 stl_124\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">Write-down for the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6663em;top:18.6438em;z-index:364;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_621\">101</span><span class=\"stl_255 stl_20 stl_621\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0969em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_340\">171</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_259\">643</span><span class=\"stl_255 stl_20 stl_259\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Use of write-down \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7982em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_85\">46</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_565\">031 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5544em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_133\">62</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">239 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">Reversal of write-down \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7882em;top:20.6876em;\"><span class=\"stl_268 stl_20 stl_222\">42</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_280\">592 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1644em;top:20.6876em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:21.7038em;\"><span class=\"stl_261 stl_16 stl_350\" style=\"word-spacing:-0.0311em;\">Write-down on inventory as of December 3</span><span class=\"stl_257 stl_16 stl_350\" style=\"word-spacing:-0.0311em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1332em;top:21.7038em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_09\">6</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_294\">,4</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_295\">9) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9038em;top:21.7038em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_335\">1</span><span class=\"stl_261 stl_16 stl_344\">7</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_542\">,94</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:23.3351em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">Cost of goods sold amounts to, cf. note </span><span class=\"stl_268 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4132em;top:23.3351em;\"><span class=\"stl_268 stl_20 stl_248\">644</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_91\">683 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.28em;top:23.3351em;z-index:552;\"><span class=\"stl_268 stl_20 stl_611\">539</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_307\">789 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:10.2169em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">The inventory of Encepur and Rabipur/RabAvert prod- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:11.0501em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">ucts amounted to DKK 577.9 million (DKK 305.4 million) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:11.8832em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">as per December 31, 2022 incl. write-down. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:13.5501em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Write-down for the year amounted to DKK 78.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:14.3832em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">and mainly relates to Encepur products which have \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.2163em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">been challenged with delays at CMO's. The delays led \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.0494em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">to issues with seasonality and too low shelf life. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.7163em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Use of write-down in 2022 of DKK 46 million relates to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.5494em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">scrap of old Encepur batches fully written down last \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:19.3826em;\"><span class=\"stl_255 stl_20 stl_125\">year. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.0494em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Reversal of write-down of DKK 42.6 million mainly \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.8826em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">relates to Rabipur/RabAvert products since actual sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.7157em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">exceeded expected sales for the year. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:24.6446em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.6914em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0233em;\">Inventories except for raw materials are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5245em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">at the lower of cost using the weighted average cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3576em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">formula method less write-downs for obsolescence and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.1907em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">net realisable value. Raw materials are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0239em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">cost based on the FIFO method. For raw materials, cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.857em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">is determined as direct acquisition costs incurred. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.6901em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">cost of finished goods produced in-house and work in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5232em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">progress includes raw materials, consumables, filling \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3564em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">cost, QC testing and direct payroll costs plus indirect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.1895em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0353em;\">costs of production. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8564em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">Indirect costs of production include indirect materials \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6895em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">and labour as well as maintenance of and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.5226em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">on the machinery used in production processes, factory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3557em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0351em;\">buildings and equipment used and cost of production \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2164em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">administration and management. The net realisable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0495em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">value is the estimated sales price in the ordinary course \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8826em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">of business less relevant sales costs determined on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7157em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">basis of marketability, obsolescence and changes in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5489em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">expected sales price. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.3403em;top:15.4779em;\"><span class=\"stl_602 stl_16 stl_248\" style=\"word-spacing:-0.0285em;\">Significant accounting estimates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.5247em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Production overheads are measured on the basis of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.3578em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">actual costs. The basis of the actual costs is reassessed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:18.1909em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">regularly to ensure that they are adjusted for changes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.0241em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">in the utilization of production capacity, production \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.8572em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">changes and other relevant factors. Biological living \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.6903em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">material is used, and the measurements and assump- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5234em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">tions for the estimates made may be incomplete or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.3566em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">inaccurate, and unexpected events or circumstances \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1897em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">may occur, which may cause the actual outcomes to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0228em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">later deviate from these estimates. It may be necessary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8559em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">to change previous estimates as a result of changes in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6891em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">the assumptions on which the estimates were based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5222em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">or due to new information or subsequent events, for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3553em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">which certainty could not be achieved in the earlier \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1884em;\"><span class=\"stl_255 stl_20 stl_91\">estimates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8553em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Estimates that are material to the financial reporting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:30.6884em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">are made in the determination of any impairment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5216em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">inventories as a result of 'out-of-specification' products, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:32.3547em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0397em;\">expiry of products and sales risk. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2386": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:24.6446em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.6914em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0233em;\">Inventories except for raw materials are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5245em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">at the lower of cost using the weighted average cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3576em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">formula method less write-downs for obsolescence and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.1907em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">net realisable value. Raw materials are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0239em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">cost based on the FIFO method. For raw materials, cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.857em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">is determined as direct acquisition costs incurred. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.6901em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">cost of finished goods produced in-house and work in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5232em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">progress includes raw materials, consumables, filling \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3564em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">cost, QC testing and direct payroll costs plus indirect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.1895em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0353em;\">costs of production. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8564em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">Indirect costs of production include indirect materials \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6895em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">and labour as well as maintenance of and depreciation \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.5226em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">on the machinery used in production processes, factory \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3557em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0351em;\">buildings and equipment used and cost of production \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2164em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">administration and management. The net realisable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0495em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">value is the estimated sales price in the ordinary course \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8826em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">of business less relevant sales costs determined on the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7157em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">basis of marketability, obsolescence and changes in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5489em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">expected sales price. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2388": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_432\" style=\"word-spacing:0.0085em;\">Note 19 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_240\" style=\"word-spacing:0.0137em;\">Trade receivables \u00a0</span></div><div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">Trade receivables from smallpox vaccine sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4863em;top:11.9088em;z-index:162;\"><span class=\"stl_268 stl_20 stl_340\">329</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">897 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5832em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_296\">218 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Trade receivables from Encepur and Rabipur/RabAvert \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5388em;top:12.9307em;z-index:230;\"><span class=\"stl_268 stl_20 stl_334\">167</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2288em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_174\">162</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_329\">546 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Trade receivables from other product sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3844em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3219em;top:13.9525em;z-index:292;\"><span class=\"stl_268 stl_20 stl_545\">137</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_18\">731 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Trade receivables from contract work \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8163em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_563\">25</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9675em;top:14.9744em;z-index:343;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">129 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3625em;top:15.9907em;z-index:368;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_274\">45 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.09em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4782em;top:17.9832em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2632em;top:19.1825em;\"><span class=\"stl_261 stl_16 stl_215\">Gross \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3707em;top:19.1825em;\"><span class=\"stl_261 stl_16 stl_329\">Net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.4325em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3919em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_198\">Loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9907em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.6882em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5732em;top:20.6825em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:1.0358em;\">amount allowance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1313em;top:20.6825em;\"><span class=\"stl_261 stl_16 stl_572\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.3669em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.3944em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Not past due date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7432em;top:23.3944em;z-index:479;\"><span class=\"stl_268 stl_20 stl_91\">484</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_311\">110 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:23.3944em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3019em;top:23.3944em;z-index:490;\"><span class=\"stl_268 stl_20 stl_91\">484</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_311\">110 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:24.4163em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0488em;top:24.4163em;z-index:518;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_48\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.425em;top:24.4163em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_156\">823</span><span class=\"stl_255 stl_20 stl_156\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5919em;top:24.4163em;\"><span class=\"stl_268 stl_20 stl_326\">38</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_285\">612 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:25.4382em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_18\">3</span><span class=\"stl_255 stl_20 stl_412\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">6 </span><span class=\"stl_255 stl_20 stl_90\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8388em;top:25.4382em;\"><span class=\"stl_268 stl_20 stl_282\">470 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7407em;top:25.4382em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_222\">47</span><span class=\"stl_255 stl_20 stl_222\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3769em;top:25.4382em;\"><span class=\"stl_268 stl_20 stl_130\">423 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7213em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5338em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_250\">4,</span><span class=\"stl_257 stl_16 stl_296\">01</span><span class=\"stl_261 stl_16 stl_296\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.335em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_305\">(</span><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_71\">7</span><span class=\"stl_257 stl_16 stl_305\">0</span><span class=\"stl_261 stl_16 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1388em;top:26.4544em;z-index:602;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_274\">45 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4838em;top:28.4469em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2607em;top:29.6463em;\"><span class=\"stl_261 stl_16 stl_215\">Gross \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3682em;top:29.6463em;\"><span class=\"stl_261 stl_16 stl_329\">Net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.43em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3894em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_198\">Loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9882em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:31.1519em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5707em;top:31.1463em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:1.0358em;\">amount allowance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1288em;top:31.1463em;\"><span class=\"stl_261 stl_16 stl_572\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7207em;top:32.8307em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7207em;top:33.8582em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Not past due date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7em;top:33.8582em;\"><span class=\"stl_268 stl_20 stl_589\">374</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">583 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3794em;top:33.8582em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2588em;top:33.8582em;\"><span class=\"stl_268 stl_20 stl_589\">374</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">583 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:34.88em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3407em;top:34.88em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_18\">936 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4438em;top:34.88em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_582\">139</span><span class=\"stl_255 stl_20 stl_582\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9013em;top:34.88em;\"><span class=\"stl_268 stl_20 stl_18\">6</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">797 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:35.9019em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8313em;top:35.9019em;\"><span class=\"stl_268 stl_20 stl_280\">271 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7132em;top:35.9019em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">27</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3819em;top:35.9019em;\"><span class=\"stl_268 stl_20 stl_133\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5244em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_455\">,79</span><span class=\"stl_257 stl_16 stl_455\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3375em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_294\">66) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.085em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7357em;top:10.2094em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0345em;\">Credit risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:11.0482em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Bavarian Nordic\u2019s customers are predominantly public \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:11.8813em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">authorities and renowned wholesalers and therefore \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:12.7144em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">the credit risk is very low. There are overdue receiv- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:13.5475em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">ables as of December 31, 2022 DKK 40 million (DKK 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:14.3807em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">million). As of December 31, 2022 a loss allowance of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:15.2138em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">DKK 870 thousand (DKK 166 thousand) has been recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:16.0469em;\"><span class=\"stl_255 stl_20 stl_109\">nized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:17.7138em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Group has applied the simplified approach to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:18.5469em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">measure the expected credit loss and a lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:19.38em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">expected loss allowance for all trade receivables.The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:20.2132em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">allowance is an estimate based on shared credit risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:21.0463em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">characteristics and the days past due. At the time of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:21.8794em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">revenue recognition, Bavarian Nordic assesses the full \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:22.7125em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">lifetime expected credit losses. In addition, undue and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:23.5457em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">due receivables are analyzed in an ongoing process. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:24.3788em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Based on the credit assessment, receivables analysis, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:25.2119em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">historical experience and industry experience, it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:26.045em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">estimated whether the receivables are recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:26.8782em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">or write-downs are needed. Bavarian Nordic monitor \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:27.7113em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the credit exposure on all customers, both new and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:28.5444em;\"><span class=\"stl_255 stl_20 stl_60\">existing. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7357em;top:30.2113em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Bavarian Nordic recognizes a loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:31.0444em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">expected credit losses and writes off trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:31.8775em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">when there is information indicating that the debtor \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:32.7107em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">is in severe financial difficulty and there is no realistic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:33.5438em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">prospect of recovery.</span></div><div class=\"stl_01\" style=\"left:44.716em;top:33.5438em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">Subsequent recovery of amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:34.3769em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">previously written down is credited against sales and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:35.21em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">distribution costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7438em;top:10.21em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">The payment conditions for the customers, including \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:11.0432em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">credit periods and any payment of interest in case of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:11.8763em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">non-payment, vary, but are always based on industry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:12.7094em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">practice in the relevant market. The weighted average \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:13.5425em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">credit period is approximately 60 days for the sales of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:14.3757em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">Encepur and Rabipur/RabAvert. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:16.0425em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">The table details the risk profile for trade receivables. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:17.9779em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.0247em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.8578em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0348em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.6909em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">equal to the nominal value, net of impairment based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5241em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">on expected credit losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1909em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Write-downs are calculated using the \u2018full lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0241em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">expected credit losses\u2019 method, whereby the likelihood \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8572em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">of non-fulfilment throughout the lifetime of the finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6903em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">cial instrument is taken into consideration. A provision \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5234em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">account is used for this purpose. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_294\" style=\"word-spacing:0.006em;\">Note 20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_431\" style=\"word-spacing:0.0064em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_345\">Deposits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1088em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_329\">086 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8932em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_110\">778 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_32\" style=\"word-spacing:-0.0226em;\">Receivable VAT and duties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3832em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.575em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_465\">55</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_76\">973 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">Derivative financial instruments at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8025em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_305\">31</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_130\">894 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4088em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Interest receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8307em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_338\">11</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_563\">369 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5894em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_280\">353 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6219em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_74\">4</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_247\">,349 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4419em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_45\">7</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.6163em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Classified as: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.6438em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">Non-current assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1094em;top:18.6438em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_329\">086 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8938em;top:18.6438em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_110\">778 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:19.6657em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0275em;\">Current assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7932em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_325\">43</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_151\">263 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5825em;top:19.6657em;\"><span class=\"stl_268 stl_20 stl_76\">66</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_270\">517 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.6819em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6219em;top:20.6819em;\"><span class=\"stl_261 stl_16 stl_74\">4</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_247\">,349 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4419em;top:20.6819em;\"><span class=\"stl_261 stl_16 stl_45\">7</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:22.5578em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.6046em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.4377em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0349em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.2708em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">equal to the nominal value, net of impairment, to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.1039em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">counter the loss after an individual assessment of risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.9371em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">of loss. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2396": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_432\" style=\"word-spacing:0.0085em;\">Note 19 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_240\" style=\"word-spacing:0.0137em;\">Trade receivables \u00a0</span></div><div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">Trade receivables from smallpox vaccine sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4863em;top:11.9088em;z-index:162;\"><span class=\"stl_268 stl_20 stl_340\">329</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">897 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5832em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_296\">218 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Trade receivables from Encepur and Rabipur/RabAvert \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5388em;top:12.9307em;z-index:230;\"><span class=\"stl_268 stl_20 stl_334\">167</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2288em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_174\">162</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_329\">546 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7257em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Trade receivables from other product sale \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3844em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3219em;top:13.9525em;z-index:292;\"><span class=\"stl_268 stl_20 stl_545\">137</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_18\">731 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Trade receivables from contract work \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8163em;top:14.9744em;\"><span class=\"stl_268 stl_20 stl_563\">25</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9675em;top:14.9744em;z-index:343;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">129 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3625em;top:15.9907em;z-index:368;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_274\">45 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.09em;top:15.9907em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4782em;top:17.9832em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2632em;top:19.1825em;\"><span class=\"stl_261 stl_16 stl_215\">Gross \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3707em;top:19.1825em;\"><span class=\"stl_261 stl_16 stl_329\">Net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.4325em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3919em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_198\">Loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9907em;top:19.9325em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.6882em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5732em;top:20.6825em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:1.0358em;\">amount allowance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1313em;top:20.6825em;\"><span class=\"stl_261 stl_16 stl_572\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.3669em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.3944em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Not past due date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7432em;top:23.3944em;z-index:479;\"><span class=\"stl_268 stl_20 stl_91\">484</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_311\">110 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:23.3944em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3019em;top:23.3944em;z-index:490;\"><span class=\"stl_268 stl_20 stl_91\">484</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_311\">110 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:24.4163em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0488em;top:24.4163em;z-index:518;\"><span class=\"stl_268 stl_20 stl_285\">39</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_48\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.425em;top:24.4163em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_156\">823</span><span class=\"stl_255 stl_20 stl_156\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5919em;top:24.4163em;\"><span class=\"stl_268 stl_20 stl_326\">38</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_285\">612 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:25.4382em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_18\">3</span><span class=\"stl_255 stl_20 stl_412\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">6 </span><span class=\"stl_255 stl_20 stl_90\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8388em;top:25.4382em;\"><span class=\"stl_268 stl_20 stl_282\">470 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7407em;top:25.4382em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_222\">47</span><span class=\"stl_255 stl_20 stl_222\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3769em;top:25.4382em;\"><span class=\"stl_268 stl_20 stl_130\">423 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7213em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5338em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_250\">4,</span><span class=\"stl_257 stl_16 stl_296\">01</span><span class=\"stl_261 stl_16 stl_296\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.335em;top:26.4544em;\"><span class=\"stl_261 stl_16 stl_305\">(</span><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_71\">7</span><span class=\"stl_257 stl_16 stl_305\">0</span><span class=\"stl_261 stl_16 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1388em;top:26.4544em;z-index:602;\"><span class=\"stl_261 stl_16 stl_48\">5</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_274\">45 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4838em;top:28.4469em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2607em;top:29.6463em;\"><span class=\"stl_261 stl_16 stl_215\">Gross \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3682em;top:29.6463em;\"><span class=\"stl_261 stl_16 stl_329\">Net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.43em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3894em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_198\">Loss \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9882em;top:30.3963em;\"><span class=\"stl_261 stl_16 stl_365\">carrying \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:31.1519em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5707em;top:31.1463em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:1.0358em;\">amount allowance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1288em;top:31.1463em;\"><span class=\"stl_261 stl_16 stl_572\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7207em;top:32.8307em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7207em;top:33.8582em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Not past due date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7em;top:33.8582em;\"><span class=\"stl_268 stl_20 stl_589\">374</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">583 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3794em;top:33.8582em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2588em;top:33.8582em;\"><span class=\"stl_268 stl_20 stl_589\">374</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_110\">583 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:34.88em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3407em;top:34.88em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_18\">936 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4438em;top:34.88em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_582\">139</span><span class=\"stl_255 stl_20 stl_582\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9013em;top:34.88em;\"><span class=\"stl_268 stl_20 stl_18\">6</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">797 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:35.9019em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">Overdue by </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_341\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">3 </span><span class=\"stl_255 stl_20 stl_463\">months \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8313em;top:35.9019em;\"><span class=\"stl_268 stl_20 stl_280\">271 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7132em;top:35.9019em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">27</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3819em;top:35.9019em;\"><span class=\"stl_268 stl_20 stl_133\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.72em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0283em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.5244em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_455\">,79</span><span class=\"stl_257 stl_16 stl_455\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3375em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_294\">66) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.085em;top:36.9182em;\"><span class=\"stl_261 stl_16 stl_326\">3</span><span class=\"stl_257 stl_16 stl_70\">81</span><span class=\"stl_261 stl_16 stl_151\">,6</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7357em;top:10.2094em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0345em;\">Credit risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:11.0482em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Bavarian Nordic\u2019s customers are predominantly public \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:11.8813em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">authorities and renowned wholesalers and therefore \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:12.7144em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">the credit risk is very low. There are overdue receiv- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:13.5475em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">ables as of December 31, 2022 DKK 40 million (DKK 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:14.3807em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">million). As of December 31, 2022 a loss allowance of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:15.2138em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">DKK 870 thousand (DKK 166 thousand) has been recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:16.0469em;\"><span class=\"stl_255 stl_20 stl_109\">nized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:17.7138em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Group has applied the simplified approach to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:18.5469em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">measure the expected credit loss and a lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:19.38em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">expected loss allowance for all trade receivables.The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:20.2132em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">allowance is an estimate based on shared credit risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:21.0463em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">characteristics and the days past due. At the time of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:21.8794em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">revenue recognition, Bavarian Nordic assesses the full \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:22.7125em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">lifetime expected credit losses. In addition, undue and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:23.5457em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">due receivables are analyzed in an ongoing process. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:24.3788em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Based on the credit assessment, receivables analysis, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:25.2119em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">historical experience and industry experience, it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:26.045em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">estimated whether the receivables are recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:26.8782em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">or write-downs are needed. Bavarian Nordic monitor \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:27.7113em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the credit exposure on all customers, both new and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:28.5444em;\"><span class=\"stl_255 stl_20 stl_60\">existing. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7357em;top:30.2113em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Bavarian Nordic recognizes a loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:31.0444em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">expected credit losses and writes off trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:31.8775em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">when there is information indicating that the debtor \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:32.7107em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">is in severe financial difficulty and there is no realistic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:33.5438em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">prospect of recovery.</span></div><div class=\"stl_01\" style=\"left:44.716em;top:33.5438em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">Subsequent recovery of amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:34.3769em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">previously written down is credited against sales and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:35.21em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">distribution costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7438em;top:10.21em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">The payment conditions for the customers, including \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:11.0432em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">credit periods and any payment of interest in case of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:11.8763em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">non-payment, vary, but are always based on industry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:12.7094em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">practice in the relevant market. The weighted average \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:13.5425em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">credit period is approximately 60 days for the sales of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:14.3757em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">Encepur and Rabipur/RabAvert. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:16.0425em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">The table details the risk profile for trade receivables. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:17.9779em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.0247em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.8578em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0348em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.6909em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">equal to the nominal value, net of impairment based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5241em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">on expected credit losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1909em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Write-downs are calculated using the \u2018full lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0241em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">expected credit losses\u2019 method, whereby the likelihood \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8572em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">of non-fulfilment throughout the lifetime of the finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6903em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">cial instrument is taken into consideration. A provision \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5234em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">account is used for this purpose. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2402": {
   "value": "<div class=\"stl_01\" style=\"left:38.7357em;top:10.2094em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0345em;\">Credit risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:11.0482em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Bavarian Nordic\u2019s customers are predominantly public \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:11.8813em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">authorities and renowned wholesalers and therefore \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:12.7144em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">the credit risk is very low. There are overdue receiv- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:13.5475em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">ables as of December 31, 2022 DKK 40 million (DKK 7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:14.3807em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">million). As of December 31, 2022 a loss allowance of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:15.2138em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">DKK 870 thousand (DKK 166 thousand) has been recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:16.0469em;\"><span class=\"stl_255 stl_20 stl_109\">nized. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:17.7138em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Group has applied the simplified approach to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:18.5469em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">measure the expected credit loss and a lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:19.38em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">expected loss allowance for all trade receivables.The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:20.2132em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">allowance is an estimate based on shared credit risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:21.0463em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">characteristics and the days past due. At the time of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:21.8794em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">revenue recognition, Bavarian Nordic assesses the full \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:22.7125em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">lifetime expected credit losses. In addition, undue and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:23.5457em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">due receivables are analyzed in an ongoing process. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:24.3788em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Based on the credit assessment, receivables analysis, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:25.2119em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">historical experience and industry experience, it is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:26.045em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">estimated whether the receivables are recoverable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:26.8782em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">or write-downs are needed. Bavarian Nordic monitor \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:27.7113em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the credit exposure on all customers, both new and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:28.5444em;\"><span class=\"stl_255 stl_20 stl_60\">existing. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7357em;top:30.2113em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Bavarian Nordic recognizes a loss allowance for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:31.0444em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">expected credit losses and writes off trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:31.8775em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">when there is information indicating that the debtor \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:32.7107em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">is in severe financial difficulty and there is no realistic \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:33.5438em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">prospect of recovery.</span></div><div class=\"stl_01\" style=\"left:44.716em;top:33.5438em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">Subsequent recovery of amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:34.3769em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">previously written down is credited against sales and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7357em;top:35.21em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">distribution costs. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7438em;top:10.21em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">The payment conditions for the customers, including \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:11.0432em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">credit periods and any payment of interest in case of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:11.8763em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">non-payment, vary, but are always based on industry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:12.7094em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">practice in the relevant market. The weighted average \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:13.5425em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">credit period is approximately 60 days for the sales of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:14.3757em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0253em;\">Encepur and Rabipur/RabAvert. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7438em;top:16.0425em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">The table details the risk profile for trade receivables. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:28.5452em;\"><span class=\"stl_261 stl_16 stl_510\" style=\"word-spacing:-0.0389em;\">Credit risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.3839em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">The primary credit risk relates to trade receivables. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.217em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">The Company assesses the expected credit losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0502em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">also considering changes in the macro environment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.8833em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">that might impose an increased risk of losses. This is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.7164em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">compared to the previous model where indications \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.5495em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of credit losses were needed for the Company to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.3827em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">recognize an expected loss. The Group\u00b4s customers are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.2158em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">predominantly public authorities and renowned phar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.0489em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">maceutical companies and wholesalers, and the credit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.882em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0259em;\">risk on the Group's receivables is therefore considered \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.7152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">to be very low. A loss allowance of DKK 870 thou- \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7533em;top:10.2152em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">sand (DKK 166 thousand) has been recognized as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:11.0483em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0208em;\">December 31, 2022, cf. note 19. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:12.7152em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">To manage credit risk regarding financial counterpar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:13.5483em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ties, Bavarian Nordic only enters into derivative finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:14.3814em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">cial contracts and money market deposits with financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:15.2145em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">counterparties possessing a satisfactory long-term \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:16.0477em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">credit rating from at least two out of the three selected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:16.8808em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">ratings agencies: Standard and Poor\u2019s, Moody\u2019s and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:17.7139em;\"><span class=\"stl_255 stl_20 stl_91\">Fitch. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:19.3808em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">Cash and cash equivalents are not deemed to be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:20.2139em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">subject to any special credit risk as they are deposited \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:21.047em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">with Nordea. The bond portfolio is invested in either \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:21.8802em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">Danish government bonds, Danish mortgage bonds or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:22.7133em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">bonds issued by Danish banks with high ratings. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2407": {
   "value": "<div class=\"stl_01\" style=\"left:57.0198em;top:17.9779em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.0247em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:19.8578em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0348em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.6909em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">equal to the nominal value, net of impairment based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5241em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">on expected credit losses. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1909em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Write-downs are calculated using the \u2018full lifetime \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0241em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">expected credit losses\u2019 method, whereby the likelihood \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8572em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">of non-fulfilment throughout the lifetime of the finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6903em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">cial instrument is taken into consideration. A provision \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5234em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">account is used for this purpose. \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:22.5578em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.6046em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">Receivables are measured at initial recognition at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.4377em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0349em;\">value and subsequently at amortized value usually \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.2708em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">equal to the nominal value, net of impairment, to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.1039em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">counter the loss after an individual assessment of risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.9371em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">of loss. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2409": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_125\" style=\"word-spacing:0.0005em;\">Note 21 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_419\">Prepayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2077em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0045em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Prepayments to CMO's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.5027em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_296\">351</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_298\">322 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.292em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_337\">135</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">750 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Other prepayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8983em;top:12.9307em;z-index:716;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6352em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.9469em;\"><span class=\"stl_261 stl_16 stl_409\">Prepayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3345em;top:13.9469em;\"><span class=\"stl_261 stl_16 stl_280\">36</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_125\">,47</span><span class=\"stl_257 stl_16 stl_125\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.1433em;top:13.9469em;z-index:750;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_340\">47,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5725em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Classified as: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.6em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">Non-current assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.5289em;top:16.6em;z-index:789;\"><span class=\"stl_268 stl_20 stl_314\">207</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_288\">537 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5564em;top:16.6em;\"><span class=\"stl_268 stl_20 stl_246\">38</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_246\">385 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:17.6219em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Current assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.5064em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_561\">153</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_133\">934 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2252em;top:17.6219em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_333\">840 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_409\">Prepayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3352em;top:18.6382em;\"><span class=\"stl_261 stl_16 stl_280\">36</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_125\">,47</span><span class=\"stl_257 stl_16 stl_125\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.1439em;top:18.6382em;z-index:855;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_340\">47,</span><span class=\"stl_257 stl_16 stl_110\">22</span><span class=\"stl_261 stl_16 stl_110\">5 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7408em;top:20.2532em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Scale-up activities to prepare for future production of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:21.0863em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">drug substance for commercial launch of ABNCoV2 is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:21.9194em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">taking place at the CMO who also produced the Phase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:22.7526em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">3 clincial trial materials. Costs related to the scale-up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:23.5857em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">activities are recognized as prepayments and will be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:24.4188em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">recognized as inventory in concurrence with future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:25.2519em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">purchase of products from the CMO. As per December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:26.085em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">31, 2022 DKK 192.6 million (DKK 21.8 million) has been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:26.9182em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">recognized as non-current prepayments. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:28.585em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0359em;\">As part of the scale-up activity future commercial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:29.4182em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">batches have been produced. Since the ABNCoV2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:30.2513em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0253em;\">product is not yet approved the costs for this produc- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:31.0844em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">tion, DKK 131.7 million, have been recognized as current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:31.9175em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">prepayments. Will be reclassified to inventory once \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:32.7507em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">product approval is obtained. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:34.4176em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">Part of the technology transfer of the production and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:35.2507em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">packaging activities for Encepur and Rabipur/RabAvert \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:36.0838em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">takes place at CMO's (filing of Encepur, labelling and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:36.9169em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">packing). Costs related to the technology transfer activ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:37.75em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">ities are recognized as prepayments when costs incur \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7489em;top:20.25em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">and then recognized as inventory in concurrence with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:21.0832em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0344em;\">purchase of production services from the CMO's. As per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:21.9163em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">December 31, 2022 DKK 14.9 million (DKK 16.6 million) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7489em;top:22.7494em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">has been recognized as non-current prepayments. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:24.6802em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.727em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Prepayments recognized under assets include costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5601em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">paid in respect of subsequent financial years, including \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3933em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">project costs incurred that relate to revenue of subse- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.2264em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">quent years. Prepayments are measured at cost. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2413": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_364\" style=\"word-spacing:-0.0055em;\">Note 22 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_385\" style=\"word-spacing:-0.0021em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">Financial instruments at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1113em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9257em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_291\">351 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9063em;top:12.9307em;z-index:156;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_564\">102 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5957em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_564\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Payable salaries, holiday accrual etc. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.53em;top:13.9525em;z-index:211;\"><span class=\"stl_268 stl_20 stl_606\">107</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_271\">952 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5525em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_294\">491 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">Gross to net deduction accrual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8382em;top:14.9744em;z-index:257;\"><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_298\">679 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6857em;top:14.9744em;z-index:265;\"><span class=\"stl_268 stl_20 stl_549\">37</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_324\">134 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Other accrued costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7975em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_639\">319 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.645em;top:15.9963em;z-index:300;\"><span class=\"stl_268 stl_20 stl_280\">20</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_276\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.0182em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0237em;\">Payable VAT and duties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8294em;top:17.0182em;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">215 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1638em;top:17.0182em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.0344em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0384em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3332em;top:18.0344em;\"><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_640\">57,569 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0907em;top:18.0344em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_364\">,994 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:20.1219em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">For a further description of financial instruments see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.9551em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">note 23. The phantom share programs are described in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.7882em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0188em;\">note 30. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:19.9101em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:20.9569em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Derivative financial instruments and liability relating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.79em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">to phantom shares are measured at fair value. For \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.6231em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">further details regarding measurement of fair value for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.4563em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">phantom shares see note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.1231em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">Other financial liabilities are measured at initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.9563em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">recognition at fair value less any transaction costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.7894em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Subsequent other financial liabilities are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.6225em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">amortized cost using the effective interest method, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.4556em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">whereby the difference between proceeds and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.2888em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">nominal value is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.1219em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">as a financial expense over the period. Amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.955em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">usually equal to the nominal value. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2416": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_364\" style=\"word-spacing:-0.0055em;\">Note 22 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_385\" style=\"word-spacing:-0.0021em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">Financial instruments at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1113em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9257em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_291\">351 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9063em;top:12.9307em;z-index:156;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_564\">102 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5957em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_564\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Payable salaries, holiday accrual etc. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.53em;top:13.9525em;z-index:211;\"><span class=\"stl_268 stl_20 stl_606\">107</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_271\">952 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5525em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_294\">491 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">Gross to net deduction accrual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8382em;top:14.9744em;z-index:257;\"><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_298\">679 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6857em;top:14.9744em;z-index:265;\"><span class=\"stl_268 stl_20 stl_549\">37</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_324\">134 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Other accrued costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7975em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_639\">319 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.645em;top:15.9963em;z-index:300;\"><span class=\"stl_268 stl_20 stl_280\">20</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_276\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.0182em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0237em;\">Payable VAT and duties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8294em;top:17.0182em;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">215 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1638em;top:17.0182em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.0344em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0384em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3332em;top:18.0344em;\"><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_640\">57,569 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0907em;top:18.0344em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_364\">,994 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:20.1219em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">For a further description of financial instruments see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.9551em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">note 23. The phantom share programs are described in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.7882em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0188em;\">note 30. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:19.9101em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:20.9569em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Derivative financial instruments and liability relating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.79em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">to phantom shares are measured at fair value. For \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.6231em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">further details regarding measurement of fair value for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.4563em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">phantom shares see note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.1231em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">Other financial liabilities are measured at initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.9563em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">recognition at fair value less any transaction costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.7894em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Subsequent other financial liabilities are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.6225em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">amortized cost using the effective interest method, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.4556em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">whereby the difference between proceeds and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.2888em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">nominal value is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.1219em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">as a financial expense over the period. Amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.955em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">usually equal to the nominal value. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2419": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_364\" style=\"word-spacing:-0.0055em;\">Note 22 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_385\" style=\"word-spacing:-0.0021em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">Financial instruments at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1113em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9257em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_291\">351 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9063em;top:12.9307em;z-index:156;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_564\">102 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5957em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_564\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Payable salaries, holiday accrual etc. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.53em;top:13.9525em;z-index:211;\"><span class=\"stl_268 stl_20 stl_606\">107</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_271\">952 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5525em;top:13.9525em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_294\">491 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.9744em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">Gross to net deduction accrual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8382em;top:14.9744em;z-index:257;\"><span class=\"stl_268 stl_20 stl_607\">97</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_298\">679 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6857em;top:14.9744em;z-index:265;\"><span class=\"stl_268 stl_20 stl_549\">37</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_324\">134 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.9963em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Other accrued costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7975em;top:15.9963em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_639\">319 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.645em;top:15.9963em;z-index:300;\"><span class=\"stl_268 stl_20 stl_280\">20</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_276\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:17.0182em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0237em;\">Payable VAT and duties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8294em;top:17.0182em;\"><span class=\"stl_268 stl_20 stl_564\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">215 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1638em;top:17.0182em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:18.0344em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0384em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.3332em;top:18.0344em;\"><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_640\">57,569 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0907em;top:18.0344em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_100\">5</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_364\">,994 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.725em;top:20.1219em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">For a further description of financial instruments see \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:20.9551em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">note 23. The phantom share programs are described in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:21.7882em;\"><span class=\"stl_255 stl_20 stl_185\" style=\"word-spacing:-0.0188em;\">note 30. \u00a0</span></div><div class=\"stl_01\" style=\"left:23.0041em;top:19.9101em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:20.9569em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Derivative financial instruments and liability relating \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.79em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">to phantom shares are measured at fair value. For \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.6231em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">further details regarding measurement of fair value for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:23.4563em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">phantom shares see note 30. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.1231em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">Other financial liabilities are measured at initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:25.9563em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">recognition at fair value less any transaction costs. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:26.7894em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Subsequent other financial liabilities are measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:27.6225em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">amortized cost using the effective interest method, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:28.4556em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">whereby the difference between proceeds and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:29.2888em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">nominal value is recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.1219em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">as a financial expense over the period. Amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:30.955em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">usually equal to the nominal value. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2422": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 23 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_429\" style=\"word-spacing:-0.0006em;\">Financial risks and financial instruments \u00a0</span></div><div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8563em;\"><span class=\"stl_261 stl_16 stl_256\" style=\"word-spacing:-0.0362em;\">Categories of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.7657em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.53em;top:12.7657em;z-index:196;\"><span class=\"stl_268 stl_20 stl_124\">523</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_273\">145 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2638em;top:12.7657em;\"><span class=\"stl_268 stl_20 stl_52\">381</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_465\">624 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.6694em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8125em;top:13.6694em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_325\">455 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6419em;top:13.6694em;z-index:238;\"><span class=\"stl_268 stl_20 stl_564\">71</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_378\">104 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:14.5732em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Cash and cash equivalents \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4582em;top:14.5732em;\"><span class=\"stl_268 stl_20 stl_280\">575</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_238\">407 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2557em;top:14.5732em;\"><span class=\"stl_268 stl_20 stl_303\">591</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_298\">820 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.4713em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8532em;top:15.4713em;z-index:325;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_338\">11</span><span class=\"stl_261 stl_16 stl_378\">5,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:1.175em;\">7 </span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_122\">44,54</span><span class=\"stl_257 stl_16 stl_122\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.8663em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0194em;top:16.8663em;z-index:354;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_310\">184</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_110\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7682em;top:16.8663em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_158\">626</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_292\">261 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:17.77em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Transferred securities that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9907em;top:17.77em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_134\">084</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2188em;top:17.77em;\"><span class=\"stl_268 stl_20 stl_168\">498</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_238\">534 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:18.6738em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:19.5069em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">(repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:19.5069em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4069em;top:19.5069em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:20.405em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.805em;top:20.405em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.585em;top:20.405em;z-index:615;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_150\">4,9</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_329\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:21.8em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">Derivative financial instruments to hedge future cash flows (exchange rate) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.795em;top:21.8em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:21.8em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.7038em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Derivative financial instruments to hedge future cash flows (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1257em;top:22.7038em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:22.7038em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0382em;\">Financial assets used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.66em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1538em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:24.9969em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9938em;top:24.9969em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_548\">612</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_242\">093 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8225em;top:24.9969em;z-index:870;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_432\">146</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_294\">757 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:25.9007em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Debt to credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8069em;top:25.9007em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2569em;top:25.9007em;\"><span class=\"stl_268 stl_20 stl_26\">393</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:26.8044em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0682em;top:26.8044em;z-index:961;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2038em;top:26.8044em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:27.7082em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4325em;top:27.7082em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2857em;top:27.7082em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:28.6119em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8125em;top:28.6119em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5794em;top:28.6119em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:29.5157em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4594em;top:29.5157em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2957em;top:29.5157em;\"><span class=\"stl_268 stl_20 stl_342\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_545\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:30.4194em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5075em;top:30.4194em;z-index:1118;\"><span class=\"stl_268 stl_20 stl_234\">238</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">165 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2532em;top:30.4194em;\"><span class=\"stl_268 stl_20 stl_156\">125</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_323\">726 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:31.3175em;\"><span class=\"stl_261 stl_16 stl_345\" style=\"word-spacing:-0.0352em;\">Financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8038em;top:31.3175em;\"><span class=\"stl_261 stl_16 stl_150\">5,</span><span class=\"stl_257 stl_16 stl_292\">21</span><span class=\"stl_261 stl_16 stl_300\">5,5</span><span class=\"stl_257 stl_16 stl_292\" style=\"word-spacing:1.203em;\">18 </span><span class=\"stl_261 stl_16 stl_101\">4,66</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_127\">,6</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_326\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:32.7125em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:33.5457em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">(repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.11em;top:33.5457em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:33.5457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:34.4494em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.905em;top:34.4494em;z-index:1338;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_564\">102 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5944em;top:34.4494em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_564\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:35.3475em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6682em;top:35.3475em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4575em;top:35.3475em;\"><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_285\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:36.7425em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">Derivative financial instruments to hedge future cash flows (exchange rate) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3813em;top:36.7425em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3594em;top:36.7425em;\"><span class=\"stl_268 stl_20 stl_346\">646 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:37.6463em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Derivative financial instruments to hedge future cash flows (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3807em;top:37.6463em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3894em;top:37.6463em;\"><span class=\"stl_268 stl_20 stl_566\">705 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:38.5444em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0385em;\">Financial liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3732em;top:38.5444em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8em;top:38.5444em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_158\">1 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:15.7187em;\"><span class=\"stl_261 stl_16 stl_407\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.5574em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Securities consist of listed bonds, which are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.3905em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">at fair value on initial recognition and as of the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.2237em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">sheet date. The Group\u2019s portfolio of securities is treated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.0568em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">as \"financial items at fair value through profit or loss\", \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.8899em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0344em;\">as the portfolio is accounted for and valued on the basis \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.723em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">of the fair value in compliance with the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.5562em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">investment policy. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.223em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Both realized and unrealized value adjustments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.0562em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">recognized in the income statement under financials. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:25.7174em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.0401em;\">Policy for managing financial risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.5562em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Through its operations, investments and financing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.3893em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Group is exposed to fluctuations in exchange rates and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.2224em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">interest rates. These risks are managed centrally in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.0555em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">Parent Company, which manages the Group\u00b4s liquidity. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.8887em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Group pursues a treasury policy approved by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.7218em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Board of Directors. The policy operates with a low risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.5549em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">profile, so that exchange rate risks, interest rate risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:32.388em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">and credit risks arise only in commercial relations. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:33.2212em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Group therefore does not undertake any active specula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:34.0543em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">tion in financial risk. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:35.7212em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">The Group\u00b4s capital structure is regularly assessed by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:36.5543em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">the Board of Directors relative to the Group\u00b4s cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:37.3874em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">position and cash flow budgets. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:11.5802em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">Market risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.419em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">The pharmaceutical market is characterized by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">aim of authorities to reduce or cap healthcare costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">in general. Market changes such as price reductions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">and launch of competing generic products may have a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">considerable impact on the earnings potential of phar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">maceuticals. As a pharmaceutical production company \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.4177em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0357em;\">Bavarian Nordic will be exposed to risks from instability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.2508em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">in the supply chain, where lack of, or delays in, certain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.084em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">materials may impact the companys ability to deliver \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.9171em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">and hence the companys profitability. The Company is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.7502em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">highly dependent on a stable IT environment and risks, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.5833em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0374em;\">incl. cyberattacks, may impact the profibaility of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.4165em;\"><span class=\"stl_255 stl_20 stl_420\">Company. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:24.0777em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0285em;\">Interest rate risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.9165em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">It is the Group's policy to hedge interest rate risks on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.7496em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">loans whenever it is deemed that interest payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.5827em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">can be hedged at a satisfactory level relative to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.4158em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">related costs. Hedging will then consist of interest rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.249em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">swaps that convert floating rate loans to fixed rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.0821em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">loans. Management determines the economic relation- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.9152em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">ship between the hedged item and the hedging instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.7483em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">ment to ensure a high hedge effectiveness. The interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.5815em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">rate risk involved in placing cash funds and investing in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.4146em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">securities is managed on the basis of duration. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:34.0758em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0379em;\">Exchange rate risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.9146em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">The Group\u2019s exchange rate exposure is primarily to USD \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:35.7477em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">and EUR. The exchange rate exposure to USD is hedged \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.5808em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">to the greatest possible extent by matching incoming \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:37.414em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">and outgoing payments denominated in USD, looking \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7271em;top:11.5808em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">at maximum one year ahead. Regular assessments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:12.414em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">made of whether the remaining net position should \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:13.2471em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.037em;\">be hedged by currency forward contracts or currency \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:14.0802em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.035em;\">option contracts. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:15.7471em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">The exposure to EUR is not hedged as management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:16.5802em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">believes that fluctuations in EUR are limited due to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:17.4133em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">the Danish fixed-rate policy which is expected to be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:18.2465em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">maintained. Thus the fluctuations in EUR do not have a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:19.0796em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">significant impact on financial performance. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:20.7465em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">The table shows the net effect it would have had on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:21.5796em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">equity and profit for the year if the year-end exchange \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:22.4127em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">rates of USD, EUR and CHF had been 15%, 1% or 5%, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:23.2458em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">respectively, higher than the actual exchange rates. A \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:24.079em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">corresponding decrease in the actual exchange rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:24.9121em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">would have had an opposite (positive/negative) effect \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7271em;top:25.7452em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">on net result and equity. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.5101em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.0359em;\">Exchange rate risks on recognized financial assets and liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.3158em;top:11.6501em;\"><span class=\"stl_261 stl_16 stl_344\">Cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.1045em;top:12.4001em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">and cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.0189em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_510\">equivalents, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.3877em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_329\">Net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.9058em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.8502em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:0.9856em;\">securities Receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.332em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_474\">Liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.0345em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_140\">position \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5845em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.612em;\"><span class=\"stl_255 stl_20 stl_344\">EUR \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.4889em;top:16.612em;\"><span class=\"stl_268 stl_20 stl_425\">294</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_378\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.8445em;top:16.612em;z-index:2504;\"><span class=\"stl_268 stl_20 stl_402\">355</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_313\">193 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.3564em;top:16.612em;z-index:2512;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_52\">156</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_455\">284</span><span class=\"stl_255 stl_20 stl_455\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.4995em;top:16.612em;\"><span class=\"stl_255 stl_20 stl_133\">(</span><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_234\">506</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_326\">884</span><span class=\"stl_255 stl_20 stl_326\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.6339em;\"><span class=\"stl_255 stl_20 stl_72\">USD \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.5627em;top:17.6339em;z-index:2540;\"><span class=\"stl_268 stl_20 stl_295\">237</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_282\">026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.7308em;top:17.6339em;\"><span class=\"stl_268 stl_20 stl_151\">148</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">254 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.807em;top:17.6339em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_52\">156</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_168\">497</span><span class=\"stl_255 stl_20 stl_168\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2452em;top:17.6339em;\"><span class=\"stl_268 stl_20 stl_247\">228</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_271\">783 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6558em;\"><span class=\"stl_255 stl_20 stl_466\">CHF \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.2302em;top:18.6558em;z-index:2578;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_272\">175 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.4183em;top:18.6558em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_278\">692 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1802em;top:18.6558em;z-index:2594;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_571\">39</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_71\">532</span><span class=\"stl_255 stl_20 stl_71\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.352em;top:18.6558em;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_238\">665</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:20.2758em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:21.3033em;\"><span class=\"stl_255 stl_20 stl_344\">EUR \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.6208em;top:21.3033em;z-index:2619;\"><span class=\"stl_268 stl_20 stl_576\">107</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_288\">199 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.7758em;top:21.3033em;\"><span class=\"stl_268 stl_20 stl_337\">193</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_563\">837 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.3402em;top:21.3033em;\"><span class=\"stl_255 stl_20 stl_298\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_630\">416</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_176\">438</span><span class=\"stl_255 stl_20 stl_176\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6758em;top:21.3033em;z-index:2648;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_285\">115</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_45\">402</span><span class=\"stl_255 stl_20 stl_45\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:22.3251em;\"><span class=\"stl_255 stl_20 stl_72\">USD \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.797em;top:22.3251em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">481 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.7483em;top:22.3251em;\"><span class=\"stl_268 stl_20 stl_227\">205</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_298\">224 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.8789em;top:22.3251em;z-index:2682;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_643\">319</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_623\">201</span><span class=\"stl_255 stl_20 stl_623\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4045em;top:22.3251em;\"><span class=\"stl_255 stl_20 stl_338\">(</span><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_294\">496</span><span class=\"stl_255 stl_20 stl_294\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:23.347em;\"><span class=\"stl_255 stl_20 stl_466\">CHF \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.172em;top:23.347em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_292\">216 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.4327em;top:23.347em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_324\">471 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1195em;top:23.347em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_65\">28</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_26\">375</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3677em;top:23.347em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_130\">688</span><span class=\"stl_255 stl_20 stl_130\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:25.5701em;\"><span class=\"stl_261 stl_16 stl_345\" style=\"word-spacing:-0.0351em;\">Sensitivity analysis on exchange rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.1508em;top:26.7101em;\"><span class=\"stl_261 stl_16 stl_356\" style=\"word-spacing:-0.034em;\">Likely change</span></div><div class=\"stl_01\" style=\"left:66.704em;top:26.7101em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:0.6074em;\">Hypothetical Hypothetical \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.3808em;top:27.4601em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0348em;\">in exchange \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.3252em;top:27.4601em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0383em;\">change in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.577em;top:27.4601em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0383em;\">change in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7283em;top:28.2101em;\"><span class=\"stl_261 stl_16 stl_32\">rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.2733em;top:28.2101em;\"><span class=\"stl_261 stl_16 stl_553\">equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6095em;top:28.2101em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">net result \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:28.2158em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8945em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.922em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Change if higher USD-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7214em;top:30.922em;\"><span class=\"stl_268 stl_20 stl_273\">15</span><span class=\"stl_255 stl_20 stl_273\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3339em;top:30.922em;\"><span class=\"stl_268 stl_20 stl_278\">75</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_100\">638 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5758em;top:30.922em;\"><span class=\"stl_268 stl_20 stl_250\">56</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_238\">962 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.9439em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Change if higher EUR-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.0489em;top:31.9439em;\"><span class=\"stl_268 stl_20 stl_585\">1</span><span class=\"stl_255 stl_20 stl_585\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.0902em;top:31.9439em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_274\">207</span><span class=\"stl_255 stl_20 stl_274\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4314em;top:31.9439em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_285\">911</span><span class=\"stl_255 stl_20 stl_285\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.9658em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Change if higher CHF-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.032em;top:32.9658em;\"><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.9608em;top:32.9658em;\"><span class=\"stl_255 stl_20 stl_292\">(</span><span class=\"stl_268 stl_20 stl_280\">583</span><span class=\"stl_255 stl_20 stl_280\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.7264em;top:32.9658em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_130\">004</span><span class=\"stl_255 stl_20 stl_130\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.5858em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6133em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Change if higher USD-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7214em;top:35.6133em;\"><span class=\"stl_268 stl_20 stl_273\">15</span><span class=\"stl_255 stl_20 stl_273\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.3314em;top:35.6133em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">724 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6252em;top:35.6133em;\"><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_324\">921 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7408em;top:36.6351em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Change if higher EUR-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.0496em;top:36.6351em;\"><span class=\"stl_268 stl_20 stl_585\">1</span><span class=\"stl_255 stl_20 stl_585\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1183em;top:36.6351em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_65\">28</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_43\">638</span><span class=\"stl_255 stl_20 stl_43\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4464em;top:36.6351em;z-index:3156;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_11\">165</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.657em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Change if higher CHF-rate than actual rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.0321em;top:37.657em;\"><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.1608em;top:37.657em;\"><span class=\"stl_268 stl_20 stl_325\">140 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.1921em;top:37.657em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_151\">235</span><span class=\"stl_255 stl_20 stl_151\">) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:11.5802em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Derivative financial instruments not designated as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.4133em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">hedge accounting \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">Currency forward contracts and currency option \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">contracts which are not designated as hedge \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">accounting are classified as financial assets/liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">measured at fair value with value adjustments recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">nized through the income statement. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.2515em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">There were no open currency contracts as of December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.0846em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">31, 2022 or as per December 31, 2021 not designated as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.9177em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">hedge accounting. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:21.579em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0355em;\">Hedging of expected future cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.4177em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">The Company has concluded currency forward contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.2508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">of USD 75 million to hedge net cash position during \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.084em;\"><span class=\"stl_255 stl_20 stl_201\">2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.7508em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">In 2016 the Company refinanced the old mortgage loans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.584em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">(fixed rate) and obtained a new mortgage loan with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.4171em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">floating rate. The Company also concluded an interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.2502em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">rate swap to convert the floating rate loan to a fixed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.0833em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">rate loan. The interest rate swap has the same maturity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.9165em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">date and nominal amount as the mortgage loan to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.7496em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">secure high effectiveness of the hedge. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7323em;top:10.5101em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.0361em;\">Cash flow hedge \u2013 forward currency contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5754em;top:11.6501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0773em;top:12.4001em;\"><span class=\"stl_261 stl_16 stl_454\">Contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.0579em;top:12.4001em;\"><span class=\"stl_261 stl_16 stl_506\">adjustment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.2192em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_102\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6148em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.5136em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0306em;\">recognized in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.8435em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.0473em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:49.260em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">other compre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:14.6558em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5673em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_345\" style=\"word-spacing:-0.0352em;\">Forward price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8198em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0302em;\">agreed rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.6542em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.606em;\">1 </span><span class=\"stl_261 stl_16 stl_95\" style=\"word-spacing:-0.0338em;\">hensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:16.3345em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:17.362em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Forward currency contracts (USD/DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.5854em;top:17.362em;z-index:1589;\"><span class=\"stl_268 stl_20 stl_644\">7</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_285\" style=\"word-spacing:0.086em;\">19 </span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">- </span><span class=\"stl_268 stl_20 stl_644\">7</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_130\">29 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0779em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_18\">543</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_242\">454 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3848em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.3454em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_277\">671 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2467em;top:18.3783em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_277\">02</span><span class=\"stl_261 stl_16 stl_277\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2067em;top:18.3783em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_294\">,67</span><span class=\"stl_257 stl_16 stl_294\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:20.0039em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Forward currency contracts (USD/DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7848em;top:21.0314em;z-index:1671;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_307\">538 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9879em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9486em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9048em;top:22.0476em;\"><span class=\"stl_261 stl_16 stl_418\">(646) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8654em;top:22.0476em;\"><span class=\"stl_261 stl_16 stl_418\">(646) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:24.2764em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0305em;\">Cash flow hedge \u2013 interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5736em;top:25.4164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0754em;top:26.1664em;\"><span class=\"stl_261 stl_16 stl_454\">Contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.0561em;top:26.1664em;\"><span class=\"stl_261 stl_16 stl_506\">adjustment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.2173em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_102\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6129em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.5117em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0306em;\">recognized in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.8417em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.0454em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:49.258em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">other compre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:28.422em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8179em;top:28.4164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0302em;\">agreed rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.6523em;top:28.4164em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.606em;\">1 </span><span class=\"stl_261 stl_16 stl_95\" style=\"word-spacing:-0.0338em;\">hensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:30.1008em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:31.1226em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0283em;\">Interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:32.1501em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">DKK \u2013 fixed rate </span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_48\">.</span><span class=\"stl_268 stl_20 stl_307\">9625</span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">% p.a. (expiry </span><span class=\"stl_268 stl_20 stl_286\">2031</span><span class=\"stl_255 stl_20 stl_286\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5429em;top:32.1501em;z-index:1914;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_273\">192 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.7136em;top:32.1501em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6936em;top:32.1501em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_285\">574 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5917em;top:33.1664em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_303\">69 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5729em;top:33.1664em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_12\">,574 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:34.792em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:35.8139em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0283em;\">Interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:36.8414em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">DKK \u2013 fixed rate </span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_48\">.</span><span class=\"stl_268 stl_20 stl_307\">9625</span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">% p.a. (expiry </span><span class=\"stl_268 stl_20 stl_286\">2031</span><span class=\"stl_255 stl_20 stl_286\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.4473em;top:36.8414em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9861em;top:36.8414em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.1511em;top:36.8414em;\"><span class=\"stl_268 stl_20 stl_65\">709 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9011em;top:37.8576em;\"><span class=\"stl_261 stl_16 stl_566\">(7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_303\">5) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.0879em;top:37.8576em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">9 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7377em;top:10.4458em;\"><span class=\"stl_261 stl_16 stl_462\" style=\"word-spacing:-0.0434em;\">Cash risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:11.2846em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">The Group\u00b4s bank deposits are placed in deposit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:12.1177em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">accounts without restrictions. The Group's cash and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:12.9508em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">cash equivalents totaled DKK 575.4 million as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:13.784em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">December 31, 2022 (DKK 591.8 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:15.4508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">The Group's fixed rate bond portfolio expires as shown \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7377em;top:16.284em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">below. Amounts are stated excluding interest. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.029em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.209em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.9065em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0296em;\">Fair value as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.7003em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_217\" style=\"word-spacing:1.0723em;\">Effective Fair</span></div><div class=\"stl_01\" style=\"left:28.280em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0353em;\">value as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8709em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_297\">Effective \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:12.2289em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.4903em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.9672em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_201\">interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6609em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0257em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0257em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1378em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_201\">interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:13.9077em;\"><span class=\"stl_261 stl_16 stl_138\" style=\"word-spacing:-0.0427em;\">Bond portfolio \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:14.9352em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Within </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">2 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.6309em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_168\">226</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_133\">652 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8853em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_282\">3</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_26\">4</span><span class=\"stl_255 stl_20 stl_26\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.8047em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">201</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_233\">688 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8134em;top:14.9352em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_127\">.</span><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:15.957em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Within </span><span class=\"stl_268 stl_20 stl_18\">3</span><span class=\"stl_255 stl_20 stl_150\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">5 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.1022em;top:15.957em;\"><span class=\"stl_268 stl_20 stl_300\">492</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_76\">898 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8728em;top:15.957em;\"><span class=\"stl_268 stl_20 stl_282\">3</span><span class=\"stl_255 stl_20 stl_127\">.</span><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.8859em;top:15.957em;z-index:273;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_636\">118</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_134\">304 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8934em;top:15.957em;z-index:284;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_585\">1</span><span class=\"stl_255 stl_20 stl_585\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:16.9789em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">After </span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">5 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.109em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_47\">550</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8859em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_71\">.</span><span class=\"stl_268 stl_20 stl_150\">7</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.2584em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_32\">804</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_65\">803 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.059em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_329\">0</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:17.9952em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.4553em;top:17.9952em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_646\">69,75</span><span class=\"stl_257 stl_16 stl_646\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7615em;top:17.9952em;\"><span class=\"stl_261 stl_16 stl_212\">3.5% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.654em;top:17.9952em;z-index:342;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_308\">4,795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.934em;top:17.9952em;\"><span class=\"stl_257 stl_16 stl_151\">0</span><span class=\"stl_261 stl_16 stl_151\">.</span><span class=\"stl_257 stl_16 stl_91\">0</span><span class=\"stl_261 stl_16 stl_91\">% \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7234em;top:19.6102em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Fluctuations in interest rate levels affect the Group's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:20.4433em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">bond portfolio. An change in the interest rate level by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:21.2764em;\"><span class=\"stl_255 stl_20 stl_80\" style=\"word-spacing:-0.0235em;\">1 percentage point relative to the interest rate level on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:22.1095em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">the balance sheet date would have had an impact of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:22.9427em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">DKK 73.3 million on the Group\u00b4s net result and equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:23.7758em;\"><span class=\"stl_255 stl_20 stl_31\" style=\"word-spacing:-0.0203em;\">(DKK 46.9 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Maturity of financial liabilities (including interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.6982em;top:11.1189em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0457em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.075em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9594em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.0739em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4175em;top:13.0683em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\" style=\"word-spacing:1.1127em;\">year </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">and 5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5769em;top:13.0683em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9713em;top:13.0683em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.7583em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0315em;\">Deferred consideration </span><sup style=\"top: -0.208em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0825em;top:14.7584em;z-index:296;\"><span class=\"stl_268 stl_20 stl_596\">297</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_333\">460 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3406em;top:14.7584em;z-index:307;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_85\">506</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4388em;top:14.7584em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7494em;top:14.7584em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_445\">803</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_301\">561 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.7803em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6656em;top:15.7803em;z-index:347;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1456em;top:15.7803em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_278\">355 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1988em;top:15.7803em;z-index:366;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_130\">423 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8313em;top:15.7803em;z-index:373;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_514\">122</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_277\">781 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:16.8021em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0326em;\">Prepayment and loan from Government </span><sup style=\"top: -0.2077em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9897em;top:16.8026em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8797em;top:16.8026em;z-index:427;\"><span class=\"stl_268 stl_20 stl_338\">519</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">932 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8516em;top:16.8026em;\"><span class=\"stl_268 stl_20 stl_303\">70</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_18\">503 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2429em;top:16.8026em;\"><span class=\"stl_268 stl_20 stl_125\">590</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_48\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:17.8245em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.3879em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1129em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">834 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:17.8245em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5941em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0679em;top:18.8464em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7154em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4397em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.241em;top:18.8464em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0747em;top:19.8682em;\"><span class=\"stl_268 stl_20 stl_259\">265</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">775 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2479em;top:19.8682em;\"><span class=\"stl_268 stl_20 stl_259\">265</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">775 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.038em;\">Non-derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.3422em;top:20.8845em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_209\">96,653 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0654em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_378\">3,</span><span class=\"stl_257 stl_16 stl_130\">082</span><span class=\"stl_261 stl_16 stl_76\">,</span><span class=\"stl_257 stl_16 stl_134\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.7535em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_564\">79,9</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_158\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5122em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_172\">801 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7079em;top:22.877em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0466em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.076em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9604em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:24.832em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4185em;top:24.8264em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\" style=\"word-spacing:1.1127em;\">year </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">and 5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5779em;top:24.8264em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9722em;top:24.8264em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:26.5164em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0323em;\">Deferred consideration </span><sup style=\"top: -0.2067em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0915em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_300\">594</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">912 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2777em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_445\">803</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">523 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4384em;top:26.5178em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7446em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_307\">398</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_280\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:27.5396em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0784em;top:27.5396em;z-index:781;\"><span class=\"stl_268 stl_20 stl_75\">88</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_332\">689 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5365em;top:27.5396em;z-index:786;\"><span class=\"stl_268 stl_20 stl_567\">9</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_563\">106 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.839em;top:27.5396em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_74\">409 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2615em;top:27.5396em;z-index:799;\"><span class=\"stl_268 stl_20 stl_647\">907</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_326\">204 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:28.5615em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0323em;\">Prepayment and loan from Government </span><sup style=\"top: -0.2076em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9897em;top:28.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.846em;top:28.562em;z-index:845;\"><span class=\"stl_268 stl_20 stl_445\">164</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_563\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4385em;top:28.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2947em;top:28.562em;z-index:853;\"><span class=\"stl_268 stl_20 stl_445\">164</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_563\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7241em;top:29.5839em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4022em;top:29.5839em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">266 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1597em;top:29.5839em;z-index:882;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4385em;top:29.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.581em;top:29.5839em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.1241em;top:30.6057em;\"><span class=\"stl_268 stl_20 stl_288\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_648\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2972em;top:30.6057em;\"><span class=\"stl_268 stl_20 stl_288\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_648\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0954em;top:31.6276em;\"><span class=\"stl_268 stl_20 stl_408\">154</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_565\">032 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2685em;top:31.6276em;\"><span class=\"stl_268 stl_20 stl_408\">154</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_565\">032 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0385em;\">Non-derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.4285em;top:32.6439em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_282\">,9</span><span class=\"stl_257 stl_16 stl_564\">21</span><span class=\"stl_261 stl_16 stl_563\">,5</span><span class=\"stl_257 stl_16 stl_296\">10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0641em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_45\">0</span><span class=\"stl_261 stl_16 stl_81\">34,36</span><span class=\"stl_257 stl_16 stl_81\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.6947em;top:32.6439em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5147em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_247\">4,966,</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_294\">79 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">Derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.1547em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7072em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4316em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3279em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.7578em;\"><span class=\"stl_251 stl_20 stl_112\" style=\"word-spacing:-0.0438em;\">1) Further explained in note 24.</span></div><div class=\"stl_01\" style=\"left:12.016em;top:35.7578em;\"><span class=\"stl_251 stl_20 stl_525\" style=\"word-spacing:-0.0462em;\">2) Further explained in note 25. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">With respect to the Group\u00b4s debt to credit institutions, a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">change in the applicable interest rate by 1 percentage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">point would have had an impact on the Group's net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">result and equity of DKK 0.2 million (DKK 4.0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">The European Investment Bank loan obtained in 2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">was fully repaid in October 2022 (DKK 372.2 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8852em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">During 2022 the Company entered into further repo \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.7183em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">loan contracts (security lending) and increased the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.5514em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">position to DKK 1,104 million (DKK 500 million). Further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3845em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">described below. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0514em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Debt to credit institutions also include a mortgage loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.8845em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">of DKK 18.9 million (DKK 21.1 million), further described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7177em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0217em;\">in note 26. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.3845em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The Group has a credit facility of DKK 20 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.2177em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">20 million) at Nordea. As of December 31, 2022, DKK 0.2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0508em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">million (DKK 0.2 million) of the credit facility is utilized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.8839em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">for bank guarantees. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:28.5452em;\"><span class=\"stl_261 stl_16 stl_510\" style=\"word-spacing:-0.0389em;\">Credit risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.3839em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">The primary credit risk relates to trade receivables. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.217em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">The Company assesses the expected credit losses \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0502em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">also considering changes in the macro environment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.8833em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">that might impose an increased risk of losses. This is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.7164em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">compared to the previous model where indications \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.5495em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of credit losses were needed for the Company to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.3827em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">recognize an expected loss. The Group\u00b4s customers are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.2158em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">predominantly public authorities and renowned phar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.0489em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">maceutical companies and wholesalers, and the credit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.882em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0259em;\">risk on the Group's receivables is therefore considered \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.7152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">to be very low. A loss allowance of DKK 870 thou- \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7533em;top:10.2152em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">sand (DKK 166 thousand) has been recognized as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:11.0483em;\"><span class=\"stl_255 stl_20 stl_218\" style=\"word-spacing:-0.0208em;\">December 31, 2022, cf. note 19. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:12.7152em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">To manage credit risk regarding financial counterpar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:13.5483em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">ties, Bavarian Nordic only enters into derivative finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:14.3814em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">cial contracts and money market deposits with financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:15.2145em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">counterparties possessing a satisfactory long-term \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:16.0477em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">credit rating from at least two out of the three selected \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:16.8808em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">ratings agencies: Standard and Poor\u2019s, Moody\u2019s and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:17.7139em;\"><span class=\"stl_255 stl_20 stl_91\">Fitch. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:19.3808em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">Cash and cash equivalents are not deemed to be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:20.2139em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">subject to any special credit risk as they are deposited \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:21.047em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">with Nordea. The bond portfolio is invested in either \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:21.8802em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">Danish government bonds, Danish mortgage bonds or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:22.7133em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">bonds issued by Danish banks with high ratings. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7533em;top:24.3745em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Optimization of capital structure \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:25.2133em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Management regularly assesses whether the Group\u00b4s \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:26.0464em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">capital structure best serves the interests of the Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:26.8795em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">and its shareholders. The overall goal is to ensure that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:27.7127em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.037em;\">the Group has a capital structure which supports its \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:28.5458em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">long-term strategy and growth target. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:30.207em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0315em;\">Transferred financial assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:31.0402em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:31.8789em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">In 2022 the Company entered into transactions that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:32.712em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">transfer ownership of securities to a counterparty, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:33.5452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">while the Company retains the risks associated with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:34.3783em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">the holding of the securities. As the Company retains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:35.2114em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">all risks, the securities remain in the balance sheet, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:36.0445em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the transactions are accounted for as loans received \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:36.8777em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">against collateral (repo transactions and security \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:37.7108em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">lending). The transactions involve selling the securities \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">to be repurchased at a fixed price at a later date. Coun- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">terparties are entitled to sell the securities or deposit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">them as collateral for loans. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7323em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0315em;\">Transferred financial assets that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:11.3739em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6723em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.351em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:12.9289em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0361em;\">Carrying amount of transferred securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4723em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_134\">084</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5823em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_168\">498</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_250\">534 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Carrying amount of associated liabilities (security lending) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.381em;top:13.8445em;z-index:1049;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_650\">661</span><span class=\"stl_255 stl_20 stl_650\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.381em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_313\">(</span><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_238\">000</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0349em;\">Net position \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9692em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_184\">18</span><span class=\"stl_261 stl_16 stl_296\">,745) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9223em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_343\">,466) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:16.5227em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Fair value hierarchy for financial instruments measured at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0173em;top:16.5227em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:17.7277em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3967em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0579em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3335em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8435em;top:19.2827em;z-index:1203;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8642em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1667em;top:19.2827em;z-index:1217;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7329em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.626em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8567em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9485em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2767em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9379em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6067em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.2679em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1942em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1411em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8023em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4111em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.0723em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2086em;top:25.7714em;z-index:1666;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8698em;top:25.7714em;z-index:1675;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9398em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6011em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0248em;top:28.4495em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:29.6545em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3954em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0567em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3323em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8767em;top:31.2095em;z-index:1805;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8623em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1998em;top:31.2095em;z-index:1815;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.1079em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7692em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:33.0352em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.6404em;top:33.0352em;z-index:1956;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_308\">4,795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.0404em;top:33.0352em;z-index:1968;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:1.142em;\">1 </span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_150\">4,9</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_329\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.3073em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9686em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2004em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0711em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7323em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1923em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9111em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5723em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7428em;top:10.2127em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0301em;\">Securities (level 1) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:11.0514em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">The portfolio of publicly traded government bonds, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:11.8845em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0376em;\">publicly traded mortgage bonds and bank bonds is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:12.7177em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">valued at listed prices and price quotas. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7428em;top:14.3789em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0341em;\">Derivative financial instruments (level 2) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">Currency forward contracts, currency option contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">and currency swap contracts are valued according to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">generally accepted valuation methods based on rele- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0354em;\">vant observable swap curves and exchange rates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Liability relating to phantom shares is determined using \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">the Black-Scholes. The valuation is based on observable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">share price, interest rates and volatility rates. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2446": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 23 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_429\" style=\"word-spacing:-0.0006em;\">Financial risks and financial instruments \u00a0</span></div><div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.8563em;\"><span class=\"stl_261 stl_16 stl_256\" style=\"word-spacing:-0.0362em;\">Categories of financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.7657em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Trade receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.53em;top:12.7657em;z-index:196;\"><span class=\"stl_268 stl_20 stl_124\">523</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_273\">145 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2638em;top:12.7657em;\"><span class=\"stl_268 stl_20 stl_52\">381</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_465\">624 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.6694em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">Other receivables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8125em;top:13.6694em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_325\">455 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6419em;top:13.6694em;z-index:238;\"><span class=\"stl_268 stl_20 stl_564\">71</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_378\">104 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:14.5732em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0356em;\">Cash and cash equivalents \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4582em;top:14.5732em;\"><span class=\"stl_268 stl_20 stl_280\">575</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_238\">407 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2557em;top:14.5732em;\"><span class=\"stl_268 stl_20 stl_303\">591</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_298\">820 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:15.4713em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8532em;top:15.4713em;z-index:325;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_338\">11</span><span class=\"stl_261 stl_16 stl_378\">5,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:1.175em;\">7 </span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_122\">44,54</span><span class=\"stl_257 stl_16 stl_122\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:16.8663em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0194em;top:16.8663em;z-index:354;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_310\">184</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_110\">843 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7682em;top:16.8663em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_158\">626</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_292\">261 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:17.77em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Transferred securities that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9907em;top:17.77em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_134\">084</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2188em;top:17.77em;\"><span class=\"stl_268 stl_20 stl_168\">498</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_238\">534 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:18.6738em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:19.5069em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">(repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3819em;top:19.5069em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4069em;top:19.5069em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:20.405em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.805em;top:20.405em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.585em;top:20.405em;z-index:615;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_150\">4,9</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_329\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:21.8em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">Derivative financial instruments to hedge future cash flows (exchange rate) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.795em;top:21.8em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:21.8em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.7038em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Derivative financial instruments to hedge future cash flows (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1257em;top:22.7038em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:22.7038em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_113\" style=\"word-spacing:-0.0382em;\">Financial assets used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.66em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1538em;top:23.6019em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:24.9969em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">Deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.9938em;top:24.9969em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_548\">612</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_242\">093 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8225em;top:24.9969em;z-index:870;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_432\">146</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_294\">757 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:25.9007em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Debt to credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8069em;top:25.9007em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2569em;top:25.9007em;\"><span class=\"stl_268 stl_20 stl_26\">393</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:26.8044em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0682em;top:26.8044em;z-index:961;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2038em;top:26.8044em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:27.7082em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4325em;top:27.7082em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2857em;top:27.7082em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:28.6119em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8125em;top:28.6119em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5794em;top:28.6119em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:29.5157em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.4594em;top:29.5157em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2957em;top:29.5157em;\"><span class=\"stl_268 stl_20 stl_342\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_545\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:30.4194em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5075em;top:30.4194em;z-index:1118;\"><span class=\"stl_268 stl_20 stl_234\">238</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">165 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2532em;top:30.4194em;\"><span class=\"stl_268 stl_20 stl_156\">125</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_323\">726 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:31.3175em;\"><span class=\"stl_261 stl_16 stl_345\" style=\"word-spacing:-0.0352em;\">Financial liabilities measured at amortized cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8038em;top:31.3175em;\"><span class=\"stl_261 stl_16 stl_150\">5,</span><span class=\"stl_257 stl_16 stl_292\">21</span><span class=\"stl_261 stl_16 stl_300\">5,5</span><span class=\"stl_257 stl_16 stl_292\" style=\"word-spacing:1.203em;\">18 </span><span class=\"stl_261 stl_16 stl_101\">4,66</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_127\">,6</span><span class=\"stl_257 stl_16 stl_326\">8</span><span class=\"stl_261 stl_16 stl_326\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:32.7125em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Derivative financial instruments at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:33.5457em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0238em;\">(repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.11em;top:33.5457em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">302 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1619em;top:33.5457em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:34.4494em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.905em;top:34.4494em;z-index:1338;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_564\">102 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5944em;top:34.4494em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_564\">917 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:35.3475em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6682em;top:35.3475em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4575em;top:35.3475em;\"><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_285\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7225em;top:36.7425em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">Derivative financial instruments to hedge future cash flows (exchange rate) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3813em;top:36.7425em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3594em;top:36.7425em;\"><span class=\"stl_268 stl_20 stl_346\">646 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:37.6463em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Derivative financial instruments to hedge future cash flows (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3807em;top:37.6463em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3894em;top:37.6463em;\"><span class=\"stl_268 stl_20 stl_566\">705 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7219em;top:38.5444em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0385em;\">Financial liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3732em;top:38.5444em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8em;top:38.5444em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_158\">1 \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5574em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">On initial recognition, derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">are measured at the fair value on the settlement date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Directly attributable costs related to the purchase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">or issuance of the individual financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">(transaction costs) are added to the fair value on initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5618em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">recognition, unless the financial asset or the financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3949em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">liability is measured at fair value with recognition of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.228em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">fair value adjustments in the income statement. Subse- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0612em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0263em;\">quently, they are measured at fair value at the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8943em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">sheet date based on the official exchange rates, market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7274em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">interest rates and other market data such as volatility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5605em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">adjusted for the special characteristics of each instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3937em;\"><span class=\"stl_255 stl_20 stl_409\">ment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0605em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Changes in the fair value of derivative financial instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8937em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">ments designated as and qualifying for recognition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7268em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">as effective hedges of future transactions (cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5599em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0262em;\">hedges) are recognized as comprehensive income. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.393em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">The ineffective portion is recognized immediately in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2262em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">the income statement. When the hedged transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0593em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">are realized, cumulative changes are recognized in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8924em;z-index:2782;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0333em;\">income statement together with the hedged transa</span><span class=\"stl_255 stl_20 stl_283\">c</span><span class=\"stl_255 stl_20 stl_283\">- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.7255em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">tion or in respect of a non-financial item as part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5587em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">cost of the transactions in question. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.2255em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">For derivative financial instruments that do not qualify \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.0587em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">for hedge accounting, changes in fair value are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8918em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">nized as financials in the income statement as they \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.7249em;\"><span class=\"stl_255 stl_20 stl_415\">occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3918em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Company has designated certain derivative finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.2249em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">cial instruments as cash flow hedges as defined under \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.558em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">IFRS 9 \"Financial Instruments\". Hedge accounting is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.3912em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">classified as a cash flow hedge when the hedges of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">a particular risk is associated with the cash flows of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.0574em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">highly probable forecast transactions. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2450": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5574em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">On initial recognition, derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">are measured at the fair value on the settlement date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Directly attributable costs related to the purchase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">or issuance of the individual financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">(transaction costs) are added to the fair value on initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5618em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">recognition, unless the financial asset or the financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3949em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">liability is measured at fair value with recognition of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.228em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">fair value adjustments in the income statement. Subse- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0612em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0263em;\">quently, they are measured at fair value at the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8943em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">sheet date based on the official exchange rates, market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7274em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">interest rates and other market data such as volatility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5605em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">adjusted for the special characteristics of each instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3937em;\"><span class=\"stl_255 stl_20 stl_409\">ment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0605em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Changes in the fair value of derivative financial instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8937em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">ments designated as and qualifying for recognition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7268em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">as effective hedges of future transactions (cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5599em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0262em;\">hedges) are recognized as comprehensive income. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.393em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">The ineffective portion is recognized immediately in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2262em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">the income statement. When the hedged transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0593em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">are realized, cumulative changes are recognized in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8924em;z-index:2782;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0333em;\">income statement together with the hedged transa</span><span class=\"stl_255 stl_20 stl_283\">c</span><span class=\"stl_255 stl_20 stl_283\">- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.7255em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">tion or in respect of a non-financial item as part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5587em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">cost of the transactions in question. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.2255em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">For derivative financial instruments that do not qualify \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.0587em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">for hedge accounting, changes in fair value are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8918em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">nized as financials in the income statement as they \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.7249em;\"><span class=\"stl_255 stl_20 stl_415\">occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3918em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Company has designated certain derivative finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.2249em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">cial instruments as cash flow hedges as defined under \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.558em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">IFRS 9 \"Financial Instruments\". Hedge accounting is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.3912em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">classified as a cash flow hedge when the hedges of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">a particular risk is associated with the cash flows of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.0574em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">highly probable forecast transactions. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2452": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.5574em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">On initial recognition, derivative financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">are measured at the fair value on the settlement date. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Directly attributable costs related to the purchase \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">or issuance of the individual financial instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">(transaction costs) are added to the fair value on initial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5618em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">recognition, unless the financial asset or the financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3949em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">liability is measured at fair value with recognition of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.228em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">fair value adjustments in the income statement. Subse- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0612em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0263em;\">quently, they are measured at fair value at the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8943em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">sheet date based on the official exchange rates, market \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7274em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">interest rates and other market data such as volatility \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5605em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">adjusted for the special characteristics of each instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3937em;\"><span class=\"stl_255 stl_20 stl_409\">ment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0605em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">Changes in the fair value of derivative financial instru- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.8937em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">ments designated as and qualifying for recognition \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7268em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">as effective hedges of future transactions (cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5599em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0262em;\">hedges) are recognized as comprehensive income. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.393em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">The ineffective portion is recognized immediately in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.2262em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">the income statement. When the hedged transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0593em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0268em;\">are realized, cumulative changes are recognized in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8924em;z-index:2782;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0333em;\">income statement together with the hedged transa</span><span class=\"stl_255 stl_20 stl_283\">c</span><span class=\"stl_255 stl_20 stl_283\">- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.7255em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">tion or in respect of a non-financial item as part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5587em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0345em;\">cost of the transactions in question. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.2255em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">For derivative financial instruments that do not qualify \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.0587em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">for hedge accounting, changes in fair value are recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8918em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">nized as financials in the income statement as they \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.7249em;\"><span class=\"stl_255 stl_20 stl_415\">occur. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.3918em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Company has designated certain derivative finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.2249em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">cial instruments as cash flow hedges as defined under \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:11.558em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">IFRS 9 \"Financial Instruments\". Hedge accounting is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.3912em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">classified as a cash flow hedge when the hedges of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.2243em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">a particular risk is associated with the cash flows of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.0574em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">highly probable forecast transactions. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2454": {
   "value": "<div class=\"stl_01\" style=\"left:55.7483em;top:15.7187em;\"><span class=\"stl_261 stl_16 stl_407\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.5574em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Securities consist of listed bonds, which are measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.3905em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">at fair value on initial recognition and as of the balance \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.2237em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">sheet date. The Group\u2019s portfolio of securities is treated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.0568em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">as \"financial items at fair value through profit or loss\", \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.8899em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0344em;\">as the portfolio is accounted for and valued on the basis \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.723em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0313em;\">of the fair value in compliance with the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.5562em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0257em;\">investment policy. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:23.223em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Both realized and unrealized value adjustments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:24.0562em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">recognized in the income statement under financials. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2455": {
   "value": "<div class=\"stl_01\" style=\"left:55.7483em;top:25.7174em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.0401em;\">Policy for managing financial risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.5562em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Through its operations, investments and financing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.3893em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Group is exposed to fluctuations in exchange rates and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.2224em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">interest rates. These risks are managed centrally in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.0555em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">Parent Company, which manages the Group\u00b4s liquidity. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.8887em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Group pursues a treasury policy approved by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.7218em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Board of Directors. The policy operates with a low risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.5549em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">profile, so that exchange rate risks, interest rate risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:32.388em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">and credit risks arise only in commercial relations. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:33.2212em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Group therefore does not undertake any active specula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:34.0543em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">tion in financial risk. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:35.7212em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">The Group\u00b4s capital structure is regularly assessed by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:36.5543em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">the Board of Directors relative to the Group\u00b4s cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:37.3874em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">position and cash flow budgets. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2456": {
   "value": "<div class=\"stl_01\" style=\"left:55.7483em;top:25.7174em;\"><span class=\"stl_261 stl_16 stl_114\" style=\"word-spacing:-0.0401em;\">Policy for managing financial risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:26.5562em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">Through its operations, investments and financing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:27.3893em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">Group is exposed to fluctuations in exchange rates and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:28.2224em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">interest rates. These risks are managed centrally in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.0555em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0241em;\">Parent Company, which manages the Group\u00b4s liquidity. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:29.8887em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The Group pursues a treasury policy approved by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:30.7218em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Board of Directors. The policy operates with a low risk \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:31.5549em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">profile, so that exchange rate risks, interest rate risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:32.388em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">and credit risks arise only in commercial relations. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:33.2212em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Group therefore does not undertake any active specula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:34.0543em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">tion in financial risk. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:35.7212em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">The Group\u00b4s capital structure is regularly assessed by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:36.5543em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">the Board of Directors relative to the Group\u00b4s cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:37.3874em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">position and cash flow budgets. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2457": {
   "value": "<div class=\"stl_01\" style=\"left:4.714em;top:11.5802em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">Market risks \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.419em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">The pharmaceutical market is characterized by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.2521em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">aim of authorities to reduce or cap healthcare costs \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.0852em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">in general. Market changes such as price reductions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.9183em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">and launch of competing generic products may have a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7515em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">considerable impact on the earnings potential of phar- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.5846em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">maceuticals. As a pharmaceutical production company \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.4177em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0357em;\">Bavarian Nordic will be exposed to risks from instability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.2508em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">in the supply chain, where lack of, or delays in, certain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.084em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">materials may impact the companys ability to deliver \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.9171em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">and hence the companys profitability. The Company is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.7502em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">highly dependent on a stable IT environment and risks, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.5833em;\"><span class=\"stl_255 stl_20 stl_404\" style=\"word-spacing:-0.0374em;\">incl. cyberattacks, may impact the profibaility of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.4165em;\"><span class=\"stl_255 stl_20 stl_420\">Company. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0347em;\">Maturity of financial liabilities (including interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.6982em;top:11.1189em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0457em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.075em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9594em;top:12.3183em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.0739em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4175em;top:13.0683em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\" style=\"word-spacing:1.1127em;\">year </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">and 5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5769em;top:13.0683em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9713em;top:13.0683em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.7583em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0315em;\">Deferred consideration </span><sup style=\"top: -0.208em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0825em;top:14.7584em;z-index:296;\"><span class=\"stl_268 stl_20 stl_596\">297</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_333\">460 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3406em;top:14.7584em;z-index:307;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_85\">506</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">101 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4388em;top:14.7584em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7494em;top:14.7584em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_445\">803</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_301\">561 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:15.7803em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6656em;top:15.7803em;z-index:347;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_309\">103</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1456em;top:15.7803em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_278\">355 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.1988em;top:15.7803em;z-index:366;\"><span class=\"stl_268 stl_20 stl_580\">9</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_130\">423 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8313em;top:15.7803em;z-index:373;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_514\">122</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_277\">781 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.725em;top:16.8021em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0326em;\">Prepayment and loan from Government </span><sup style=\"top: -0.2077em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9897em;top:16.8026em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8797em;top:16.8026em;z-index:427;\"><span class=\"stl_268 stl_20 stl_338\">519</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">932 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8516em;top:16.8026em;\"><span class=\"stl_268 stl_20 stl_303\">70</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_18\">503 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2429em;top:16.8026em;\"><span class=\"stl_268 stl_20 stl_125\">590</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_48\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:17.8245em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.3879em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_324\">24</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1129em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_45\">45</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">834 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:17.8245em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5941em;top:17.8245em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0679em;top:18.8464em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7154em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4397em;top:18.8464em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.241em;top:18.8464em;\"><span class=\"stl_268 stl_20 stl_168\">605</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_151\">928 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0747em;top:19.8682em;\"><span class=\"stl_268 stl_20 stl_259\">265</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">775 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:19.8682em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2479em;top:19.8682em;\"><span class=\"stl_268 stl_20 stl_259\">265</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_326\">775 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.038em;\">Non-derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.3422em;top:20.8845em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_209\">96,653 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0654em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_378\">3,</span><span class=\"stl_257 stl_16 stl_130\">082</span><span class=\"stl_261 stl_16 stl_76\">,</span><span class=\"stl_257 stl_16 stl_134\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.7535em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_564\">79,9</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_158\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5122em;top:20.8845em;\"><span class=\"stl_261 stl_16 stl_130\">5,45</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_172\">801 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7079em;top:22.877em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0466em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.076em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9604em;top:24.0764em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0373em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:24.832em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4185em;top:24.8264em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\" style=\"word-spacing:1.1127em;\">year </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">and 5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5779em;top:24.8264em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9722em;top:24.8264em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7254em;top:26.5164em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0323em;\">Deferred consideration </span><sup style=\"top: -0.2067em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0915em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_300\">594</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">912 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2777em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_445\">803</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">523 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4384em;top:26.5178em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7446em;top:26.5178em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_307\">398</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_280\">435 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:27.5396em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0784em;top:27.5396em;z-index:781;\"><span class=\"stl_268 stl_20 stl_75\">88</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_332\">689 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5365em;top:27.5396em;z-index:786;\"><span class=\"stl_268 stl_20 stl_567\">9</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_563\">106 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.839em;top:27.5396em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_74\">409 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2615em;top:27.5396em;z-index:799;\"><span class=\"stl_268 stl_20 stl_647\">907</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_326\">204 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.724em;top:28.5615em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0323em;\">Prepayment and loan from Government </span><sup style=\"top: -0.2076em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9897em;top:28.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.846em;top:28.562em;z-index:845;\"><span class=\"stl_268 stl_20 stl_445\">164</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_563\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4385em;top:28.562em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2947em;top:28.562em;z-index:853;\"><span class=\"stl_268 stl_20 stl_445\">164</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_563\">184 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7241em;top:29.5839em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4022em;top:29.5839em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">266 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.1597em;top:29.5839em;z-index:882;\"><span class=\"stl_268 stl_20 stl_545\">57</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">547 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4385em;top:29.5839em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.581em;top:29.5839em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Trade payables \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.1241em;top:30.6057em;\"><span class=\"stl_268 stl_20 stl_288\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_648\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:30.6057em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2972em;top:30.6057em;\"><span class=\"stl_268 stl_20 stl_288\">263</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_648\">611 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">Other liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0954em;top:31.6276em;\"><span class=\"stl_268 stl_20 stl_408\">154</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_565\">032 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7147em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4391em;top:31.6276em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2685em;top:31.6276em;\"><span class=\"stl_268 stl_20 stl_408\">154</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_565\">032 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_372\" style=\"word-spacing:-0.0385em;\">Non-derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.4285em;top:32.6439em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_282\">,9</span><span class=\"stl_257 stl_16 stl_564\">21</span><span class=\"stl_261 stl_16 stl_563\">,5</span><span class=\"stl_257 stl_16 stl_296\">10 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0641em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_566\">3,</span><span class=\"stl_257 stl_16 stl_45\">0</span><span class=\"stl_261 stl_16 stl_81\">34,36</span><span class=\"stl_257 stl_16 stl_81\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.6947em;top:32.6439em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_199\">,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5147em;top:32.6439em;\"><span class=\"stl_261 stl_16 stl_247\">4,966,</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_294\">79 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">Derivative financial liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.1547em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7072em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4316em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3279em;top:34.2695em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.7578em;\"><span class=\"stl_251 stl_20 stl_112\" style=\"word-spacing:-0.0438em;\">1) Further explained in note 24.</span></div><div class=\"stl_01\" style=\"left:12.016em;top:35.7578em;\"><span class=\"stl_251 stl_20 stl_525\" style=\"word-spacing:-0.0462em;\">2) Further explained in note 25. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">With respect to the Group\u00b4s debt to credit institutions, a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">change in the applicable interest rate by 1 percentage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">point would have had an impact on the Group's net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">result and equity of DKK 0.2 million (DKK 4.0 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0329em;\">The European Investment Bank loan obtained in 2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">was fully repaid in October 2022 (DKK 372.2 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8852em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">During 2022 the Company entered into further repo \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.7183em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">loan contracts (security lending) and increased the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.5514em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">position to DKK 1,104 million (DKK 500 million). Further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3845em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">described below. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0514em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Debt to credit institutions also include a mortgage loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.8845em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">of DKK 18.9 million (DKK 21.1 million), further described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7177em;\"><span class=\"stl_255 stl_20 stl_34\" style=\"word-spacing:-0.0217em;\">in note 26. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.3845em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The Group has a credit facility of DKK 20 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.2177em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">20 million) at Nordea. As of December 31, 2022, DKK 0.2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0508em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">million (DKK 0.2 million) of the credit facility is utilized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.8839em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">for bank guarantees. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2460": {
   "value": "<div class=\"stl_01\" style=\"left:4.714em;top:21.579em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0355em;\">Hedging of expected future cash flows \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.4177em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0353em;\">The Company has concluded currency forward contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.2508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">of USD 75 million to hedge net cash position during \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.084em;\"><span class=\"stl_255 stl_20 stl_201\">2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.7508em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">In 2016 the Company refinanced the old mortgage loans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.584em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">(fixed rate) and obtained a new mortgage loan with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.4171em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">floating rate. The Company also concluded an interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.2502em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">rate swap to convert the floating rate loan to a fixed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.0833em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">rate loan. The interest rate swap has the same maturity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.9165em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0337em;\">date and nominal amount as the mortgage loan to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.7496em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">secure high effectiveness of the hedge. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7323em;top:10.5101em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.0361em;\">Cash flow hedge \u2013 forward currency contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5754em;top:11.6501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0773em;top:12.4001em;\"><span class=\"stl_261 stl_16 stl_454\">Contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.0579em;top:12.4001em;\"><span class=\"stl_261 stl_16 stl_506\">adjustment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.2192em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_102\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6148em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.5136em;top:13.1501em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0306em;\">recognized in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.8435em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.0473em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:49.260em;top:13.9001em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">other compre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:14.6558em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5673em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_345\" style=\"word-spacing:-0.0352em;\">Forward price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8198em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0302em;\">agreed rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.6542em;top:14.6501em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.606em;\">1 </span><span class=\"stl_261 stl_16 stl_95\" style=\"word-spacing:-0.0338em;\">hensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:16.3345em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:17.362em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Forward currency contracts (USD/DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.5854em;top:17.362em;z-index:1589;\"><span class=\"stl_268 stl_20 stl_644\">7</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_285\" style=\"word-spacing:0.086em;\">19 </span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">- </span><span class=\"stl_268 stl_20 stl_644\">7</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_130\">29 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0779em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_18\">543</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_242\">454 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3848em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.3454em;top:17.362em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_277\">671 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2467em;top:18.3783em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_277\">02</span><span class=\"stl_261 stl_16 stl_277\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2067em;top:18.3783em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_294\">,67</span><span class=\"stl_257 stl_16 stl_294\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:20.0039em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Forward currency contracts (USD/DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7848em;top:21.0314em;z-index:1671;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_307\">538 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9879em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9486em;top:21.0314em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9048em;top:22.0476em;\"><span class=\"stl_261 stl_16 stl_418\">(646) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8654em;top:22.0476em;\"><span class=\"stl_261 stl_16 stl_418\">(646) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:24.2764em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0305em;\">Cash flow hedge \u2013 interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5736em;top:25.4164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.0754em;top:26.1664em;\"><span class=\"stl_261 stl_16 stl_454\">Contract \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.0561em;top:26.1664em;\"><span class=\"stl_261 stl_16 stl_506\">adjustment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.2173em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_102\">amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.6129em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0303em;\">Fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.5117em;top:26.9164em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0306em;\">recognized in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.8417em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0364em;\">based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.0454em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:49.258em;top:27.6664em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">other compre- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:28.422em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8179em;top:28.4164em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0302em;\">agreed rates \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.6523em;top:28.4164em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.606em;\">1 </span><span class=\"stl_261 stl_16 stl_95\" style=\"word-spacing:-0.0338em;\">hensive income \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:30.1008em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:31.1226em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0283em;\">Interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:32.1501em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">DKK \u2013 fixed rate </span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_48\">.</span><span class=\"stl_268 stl_20 stl_307\">9625</span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">% p.a. (expiry </span><span class=\"stl_268 stl_20 stl_286\">2031</span><span class=\"stl_255 stl_20 stl_286\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5429em;top:32.1501em;z-index:1914;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_273\">192 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.7136em;top:32.1501em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6936em;top:32.1501em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_285\">574 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5917em;top:33.1664em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_303\">69 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5729em;top:33.1664em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_12\">,574 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:34.792em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:35.8139em;\"><span class=\"stl_261 stl_16 stl_107\" style=\"word-spacing:-0.0283em;\">Interest rate swap \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7286em;top:36.8414em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">DKK \u2013 fixed rate </span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_48\">.</span><span class=\"stl_268 stl_20 stl_307\">9625</span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">% p.a. (expiry </span><span class=\"stl_268 stl_20 stl_286\">2031</span><span class=\"stl_255 stl_20 stl_286\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.4473em;top:36.8414em;\"><span class=\"stl_268 stl_20 stl_249\">21</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_356\">332 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9861em;top:36.8414em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.1511em;top:36.8414em;\"><span class=\"stl_268 stl_20 stl_65\">709 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.9011em;top:37.8576em;\"><span class=\"stl_261 stl_16 stl_566\">(7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_303\">5) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.0879em;top:37.8576em;\"><span class=\"stl_261 stl_16 stl_291\">7</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">9 \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7323em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0315em;\">Transferred financial assets that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:11.3739em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6723em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.351em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:12.9289em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0361em;\">Carrying amount of transferred securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4723em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_134\">084</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5823em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_168\">498</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_250\">534 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Carrying amount of associated liabilities (security lending) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.381em;top:13.8445em;z-index:1049;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_650\">661</span><span class=\"stl_255 stl_20 stl_650\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.381em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_313\">(</span><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_238\">000</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0349em;\">Net position \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9692em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_184\">18</span><span class=\"stl_261 stl_16 stl_296\">,745) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9223em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_343\">,466) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:16.5227em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Fair value hierarchy for financial instruments measured at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0173em;top:16.5227em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:17.7277em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3967em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0579em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3335em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8435em;top:19.2827em;z-index:1203;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8642em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1667em;top:19.2827em;z-index:1217;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7329em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.626em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8567em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9485em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2767em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9379em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6067em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.2679em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1942em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1411em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8023em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4111em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.0723em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2086em;top:25.7714em;z-index:1666;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8698em;top:25.7714em;z-index:1675;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9398em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6011em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0248em;top:28.4495em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:29.6545em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3954em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0567em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3323em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8767em;top:31.2095em;z-index:1805;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8623em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1998em;top:31.2095em;z-index:1815;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.1079em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7692em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:33.0352em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.6404em;top:33.0352em;z-index:1956;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_308\">4,795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.0404em;top:33.0352em;z-index:1968;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:1.142em;\">1 </span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_150\">4,9</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_329\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.3073em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9686em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2004em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0711em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7323em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1923em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9111em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5723em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7428em;top:14.3789em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0341em;\">Derivative financial instruments (level 2) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">Currency forward contracts, currency option contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">and currency swap contracts are valued according to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">generally accepted valuation methods based on rele- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0354em;\">vant observable swap curves and exchange rates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Liability relating to phantom shares is determined using \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">the Black-Scholes. The valuation is based on observable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">share price, interest rates and volatility rates. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2464": {
   "value": "<div class=\"stl_01\" style=\"left:21.029em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.209em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.9065em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0296em;\">Fair value as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.7003em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_217\" style=\"word-spacing:1.0723em;\">Effective Fair</span></div><div class=\"stl_01\" style=\"left:28.280em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_140\" style=\"word-spacing:-0.0353em;\">value as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.8709em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_297\">Effective \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7247em;top:12.2289em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.4903em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.9672em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_201\">interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6609em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0257em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0257em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1378em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_201\">interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:13.9077em;\"><span class=\"stl_261 stl_16 stl_138\" style=\"word-spacing:-0.0427em;\">Bond portfolio \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7234em;top:14.9352em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Within </span><span class=\"stl_268 stl_20 stl_426\">0</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">2 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.6309em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_168\">226</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_133\">652 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8853em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_282\">3</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_26\">4</span><span class=\"stl_255 stl_20 stl_26\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.8047em;top:14.9352em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">201</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_233\">688 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8134em;top:14.9352em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_127\">.</span><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:15.957em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">Within </span><span class=\"stl_268 stl_20 stl_18\">3</span><span class=\"stl_255 stl_20 stl_150\">-</span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">5 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.1022em;top:15.957em;\"><span class=\"stl_268 stl_20 stl_300\">492</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_76\">898 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8728em;top:15.957em;\"><span class=\"stl_268 stl_20 stl_282\">3</span><span class=\"stl_255 stl_20 stl_127\">.</span><span class=\"stl_268 stl_20 stl_280\">5</span><span class=\"stl_255 stl_20 stl_280\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.8859em;top:15.957em;z-index:273;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_636\">118</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_134\">304 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8934em;top:15.957em;z-index:284;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_585\">1</span><span class=\"stl_255 stl_20 stl_585\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:16.9789em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">After </span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">5 </span><span class=\"stl_255 stl_20 stl_200\">years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.109em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_47\">550</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_100\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8859em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_71\">.</span><span class=\"stl_268 stl_20 stl_150\">7</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.2584em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_32\">804</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_65\">803 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.059em;top:16.9789em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_329\">0</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7228em;top:17.9952em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.4553em;top:17.9952em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_646\">69,75</span><span class=\"stl_257 stl_16 stl_646\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7615em;top:17.9952em;\"><span class=\"stl_261 stl_16 stl_212\">3.5% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.654em;top:17.9952em;z-index:342;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_308\">4,795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.934em;top:17.9952em;\"><span class=\"stl_257 stl_16 stl_151\">0</span><span class=\"stl_261 stl_16 stl_151\">.</span><span class=\"stl_257 stl_16 stl_91\">0</span><span class=\"stl_261 stl_16 stl_91\">% \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2465": {
   "value": "<div class=\"stl_01\" style=\"left:55.7533em;top:30.207em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0315em;\">Transferred financial assets \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:31.0402em;\"><span class=\"stl_261 stl_16 stl_68\" style=\"word-spacing:-0.0307em;\">that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:31.8789em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">In 2022 the Company entered into transactions that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:32.712em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">transfer ownership of securities to a counterparty, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:33.5452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">while the Company retains the risks associated with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:34.3783em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">the holding of the securities. As the Company retains \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:35.2114em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">all risks, the securities remain in the balance sheet, and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:36.0445em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">the transactions are accounted for as loans received \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:36.8777em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">against collateral (repo transactions and security \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7533em;top:37.7108em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">lending). The transactions involve selling the securities \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">to be repurchased at a fixed price at a later date. Coun- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">terparties are entitled to sell the securities or deposit \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">them as collateral for loans. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7323em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0315em;\">Transferred financial assets that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:11.3739em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6723em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.351em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:12.9289em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0361em;\">Carrying amount of transferred securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4723em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_134\">084</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5823em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_168\">498</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_250\">534 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Carrying amount of associated liabilities (security lending) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.381em;top:13.8445em;z-index:1049;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_650\">661</span><span class=\"stl_255 stl_20 stl_650\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.381em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_313\">(</span><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_238\">000</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0349em;\">Net position \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9692em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_184\">18</span><span class=\"stl_261 stl_16 stl_296\">,745) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9223em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_343\">,466) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:16.5227em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Fair value hierarchy for financial instruments measured at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0173em;top:16.5227em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:17.7277em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3967em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0579em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3335em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8435em;top:19.2827em;z-index:1203;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8642em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1667em;top:19.2827em;z-index:1217;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7329em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.626em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8567em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9485em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2767em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9379em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6067em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.2679em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1942em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1411em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8023em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4111em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.0723em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2086em;top:25.7714em;z-index:1666;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8698em;top:25.7714em;z-index:1675;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9398em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6011em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0248em;top:28.4495em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:29.6545em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3954em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0567em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3323em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8767em;top:31.2095em;z-index:1805;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8623em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1998em;top:31.2095em;z-index:1815;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.1079em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7692em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:33.0352em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.6404em;top:33.0352em;z-index:1956;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_308\">4,795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.0404em;top:33.0352em;z-index:1968;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:1.142em;\">1 </span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_150\">4,9</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_329\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.3073em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9686em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2004em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0711em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7323em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1923em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9111em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5723em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7428em;top:10.2127em;\"><span class=\"stl_261 stl_16 stl_73\" style=\"word-spacing:-0.0301em;\">Securities (level 1) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:11.0514em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">The portfolio of publicly traded government bonds, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:11.8845em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0376em;\">publicly traded mortgage bonds and bank bonds is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:12.7177em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">valued at listed prices and price quotas. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7428em;top:14.3789em;\"><span class=\"stl_261 stl_16 stl_267\" style=\"word-spacing:-0.0341em;\">Derivative financial instruments (level 2) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">Currency forward contracts, currency option contracts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">and currency swap contracts are valued according to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">generally accepted valuation methods based on rele- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_297\" style=\"word-spacing:-0.0354em;\">vant observable swap curves and exchange rates. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">Liability relating to phantom shares is determined using \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">the Black-Scholes. The valuation is based on observable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7428em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0252em;\">share price, interest rates and volatility rates. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2470": {
   "value": "<div class=\"stl_01\" style=\"left:21.7323em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_347\" style=\"word-spacing:-0.0315em;\">Transferred financial assets that are not derecognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:11.3739em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6723em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.351em;top:11.3683em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:12.9289em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0361em;\">Carrying amount of transferred securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4723em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_134\">084</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_71\">916 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5823em;top:12.9289em;\"><span class=\"stl_268 stl_20 stl_168\">498</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_250\">534 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Carrying amount of associated liabilities (security lending) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.381em;top:13.8445em;z-index:1049;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_650\">661</span><span class=\"stl_255 stl_20 stl_650\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.381em;top:13.8445em;\"><span class=\"stl_255 stl_20 stl_313\">(</span><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_238\">000</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_60\" style=\"word-spacing:-0.0349em;\">Net position \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9692em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_184\">18</span><span class=\"stl_261 stl_16 stl_296\">,745) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9223em;top:14.7545em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_343\">,466) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:16.5227em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Fair value hierarchy for financial instruments measured at fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0173em;top:16.5227em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:17.7277em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3967em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0579em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3335em;top:17.722em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8435em;top:19.2827em;z-index:1203;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8642em;top:19.2827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1667em;top:19.2827em;z-index:1217;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_579\">269</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_325\">759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7329em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.626em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8567em;top:20.1927em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9485em;top:20.1927em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_641\">69,759 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:21.6114em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2767em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9379em;top:21.6114em;\"><span class=\"stl_268 stl_20 stl_294\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_563\">025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7323em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2023em;top:22.527em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.6067em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.2679em;top:22.527em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_271\">869 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1942em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1411em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8023em;top:23.437em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4111em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.0723em;top:24.8558em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_303\">302</span><span class=\"stl_255 stl_20 stl_303\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7317em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2017em;top:25.7714em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2086em;top:25.7714em;z-index:1666;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.8698em;top:25.7714em;z-index:1675;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_593\">11</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_581\">102</span><span class=\"stl_255 stl_20 stl_581\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9398em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6011em;top:26.6814em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9,4</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_291\">4) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0248em;top:28.4495em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:29.6545em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3954em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0567em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">Level </span><span class=\"stl_257 stl_16 stl_85\" style=\"word-spacing:-0.018em;\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3323em;top:29.6489em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_256\">Securities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.8767em;top:31.2095em;z-index:1805;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8623em;top:31.2095em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1998em;top:31.2095em;z-index:1815;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_561\">124</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Derivative financial instruments at fair value (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:32.1252em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.1079em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7692em;top:32.1252em;\"><span class=\"stl_268 stl_20 stl_543\">191 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:33.0352em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Financial assets measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.6404em;top:33.0352em;z-index:1956;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_308\">4,795 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.0404em;top:33.0352em;z-index:1968;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_280\">9</span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:1.142em;\">1 </span><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_324\">12</span><span class=\"stl_261 stl_16 stl_150\">4,9</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_329\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Derivative financial instruments to hedge future cash flow (currency) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:34.4539em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_247\">646</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Derivative financial instruments to hedge future cash flow (interest) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2011em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8786em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5398em;top:35.3695em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_288\">705</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7311em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Financial assets/liabilities used as hedging instruments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1936em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.3073em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9686em;top:36.2795em;\"><span class=\"stl_261 stl_16 stl_275\">(</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_158\">,35</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7304em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">Liability relating to phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2004em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0711em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7323em;top:37.6983em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_48\">917</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7298em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0349em;\">Financial liabilities measured at fair value through the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1923em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9111em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5723em;top:38.6083em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_26\">3,9</span><span class=\"stl_257 stl_16 stl_285\">1</span><span class=\"stl_261 stl_16 stl_106\">7) \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2471": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_26\" style=\"word-spacing:0.016em;\">Note 24 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_43\" style=\"word-spacing:0.0066em;\">Deferred consideration \u00a0</span></div><div class=\"stl_01\" style=\"left:19.0352em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.0295em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:12.7083em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Deferred consideration, product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.979em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2946em;top:13.7358em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_51\">020</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_100\">638 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7434em;top:13.7358em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_51\">020</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_100\">638 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.7577em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">Deferred consideration, license agreement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.094em;top:14.7577em;z-index:2992;\"><span class=\"stl_268 stl_20 stl_587\">287</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_274\">436 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7902em;top:14.7577em;\"><span class=\"stl_268 stl_20 stl_166\">304</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_249\">019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:14.7577em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2559em;top:14.7577em;\"><span class=\"stl_268 stl_20 stl_11\">591</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_325\">455 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7739em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.914em;top:15.7739em;\"><span class=\"stl_257 stl_16 stl_130\">28</span><span class=\"stl_261 stl_16 stl_402\">7,436 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0646em;top:15.7739em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_65\">4,657 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4202em;top:15.7739em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.5346em;top:15.7739em;\"><span class=\"stl_257 stl_16 stl_127\">2</span><span class=\"stl_261 stl_16 stl_280\">,6</span><span class=\"stl_257 stl_16 stl_158\">12</span><span class=\"stl_261 stl_16 stl_133\">,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_09\">93 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:18.0027em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:19.0302em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Deferred consideration, product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0765em;top:19.0302em;z-index:3094;\"><span class=\"stl_268 stl_20 stl_134\">57</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_110\">667 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2777em;top:19.0302em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_85\">972</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">862 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:19.0302em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7234em;top:19.0302em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_47\">550</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_307\">529 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:20.052em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">Deferred consideration, license agreement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.979em;top:20.052em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7559em;top:20.052em;\"><span class=\"stl_268 stl_20 stl_150\">596</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">228 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:20.052em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2046em;top:20.052em;\"><span class=\"stl_268 stl_20 stl_150\">596</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_85\">228 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:21.0683em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.9152em;top:21.0683em;\"><span class=\"stl_261 stl_16 stl_53\">577,667 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.0746em;top:21.0683em;\"><span class=\"stl_257 stl_16 stl_127\">2</span><span class=\"stl_261 stl_16 stl_419\">,569,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_74\">9</span><span class=\"stl_257 stl_16 stl_74\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4202em;top:21.0683em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.599em;top:21.0683em;z-index:3205;\"><span class=\"stl_261 stl_16 stl_339\">3,</span><span class=\"stl_257 stl_16 stl_275\">1</span><span class=\"stl_261 stl_16 stl_651\">46,757 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:22.6777em;\"><span class=\"stl_261 stl_16 stl_506\" style=\"word-spacing:-0.0378em;\">Product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.5164em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">The Asset Purchase Agreement with GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3495em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">includes milestone payments relating to transfer and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.1827em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">registration of marketing authorizations, technology \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.0158em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">transfer of different steps of the production and pack- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.8489em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">aging activities as well as a milestone payment when \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.682em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">all services agreed to be rendered by GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.5152em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">has been completed. In total EUR 470 million. During \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.3483em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">2022 two milestone payments of a total of EUR 80 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.1814em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">million was paid. The payments are presented as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.0145em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">cash flow from investment activities in the cash flow \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.8477em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0317em;\">statement. The majority of the remaining milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:32.6808em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">payments are expected to be payable in 2024. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.5139em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">completion milestone is expected to be payable begin- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.347em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">ning of 2025. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.0139em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">The Asset Purchase Agreement with GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:36.847em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.0361em;\">also includes a sales milestone of EUR 25 million. As per \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7221em;top:22.6802em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">December 31, 2022 Management does not judge the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:23.5133em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">sales milestone to be probable and therefore the sales \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:24.3464em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">milestone has not been recognized as either part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:25.1795em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0294em;\">product rights (note 15) nor the deferred consideration. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:26.8464em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The carrying amount are measured using a discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:27.6795em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0246em;\">rate of 4% per annum. The discount rate was deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:28.5127em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">mined at intial recognition based on an interest rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:29.3458em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">on a similar loan of the same size and maturity as the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:30.1789em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">contingent milestone payments and the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:31.012em;\"><span class=\"stl_255 stl_20 stl_214\" style=\"word-spacing:-0.0234em;\">credit rating as of December 31, 2019. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:32.6789em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">The fair value of the deferred consideration as per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:33.512em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">December 31, 2022 amounts to DKK 1,937 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:34.3452em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">2,564 million), measured using the updated discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:35.1783em;\"><span class=\"stl_255 stl_20 stl_76\" style=\"word-spacing:-0.0199em;\">rate of 6.7% (3.7%). The discount rate has been deter- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:36.0114em;\"><span class=\"stl_255 stl_20 stl_412\" style=\"word-spacing:-0.038em;\">mined based on the same components as described \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:36.8445em;\"><span class=\"stl_255 stl_20 stl_235\">above. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0327em;\">License agreement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">Under the terms of the license and collaboration agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">ment concluded with AdaptVac July 2020, the Company \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">is committed to payment of potential future develop- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">ment and sales milestones and tiered royalties. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">In December 2021, the Company announced positive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">topline results from the Phase 2 clinical trial. These \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">results was confirmed by the six-month follow-up \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">analysis in October 2022, showing that the strong \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">booster responses are maintained after six months post \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">vaccination at levels associated with a high degree of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.3833em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0281em;\">efficacy. In September 2022, the Company initiated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.2164em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">the Phase 3 clinical trial. The read-out are expected in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.0495em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">beginning of 2023. Based on the positive clinical results \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.8827em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Management assesses that the likelyhood of future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.7158em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">regulatory approval of the Company's COVID-19 vaccine \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.5489em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">is high, hence milestone payments to AdaptVac are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.382em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">expected to become payable. Based on current regu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.2152em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">latory plans and expectations for future revenue from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.0483em;\"><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.035em;\">sale of the COVID-vacine all sales milestones and part \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.8814em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">of the development milestones are assumed probable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.7145em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">and recognized as deferred consideration. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.3814em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The carrying amount are measured using a discount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.2145em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">rate of 3.7% per annum. The discount rate has been \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.0477em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0283em;\">determined at intial recognition based on an interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.8808em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">rate on a similar loan of the same size and maturity as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.7139em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">the contingent milestone payments and the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.547em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">credit rating as of December 31, 2021. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.2139em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">The fair value of the deferred consideration as per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.047em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">December 31, 2022 amounts to DKK 553 million (DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.8802em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0248em;\">596 million), measured using the updated discount rate \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2133em;\"><span class=\"stl_255 stl_20 stl_42\" style=\"word-spacing:-0.0242em;\">of 6.7% (3.7%). The discount rate has been determined \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0464em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0355em;\">based on the same components as described above. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.7133em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Royalties payable under the license and collaboration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5464em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">agreement with AdaptVac will be expensed in concur- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.3795em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">rence with future sales, hence not assessed and recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:15.2127em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">nized as a liability as of December 31, 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8795em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">The cash flow from payment of deferred consideration \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7127em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0291em;\">will be recognized as cash flow from investment activ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5458em;\"><span class=\"stl_255 stl_20 stl_217\">ities. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.0198em;top:20.4779em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5247em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Deferred consideration including contingent milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.3578em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">payments is recognized when its payment is probable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1909em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">and it can be measured reliably and is at initial recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0241em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">nition measured at fair value which equals present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8572em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">value of future deferred payments. Subsequently, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6903em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">deferred consideration is measured at amortized cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5234em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">This means that the difference between the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3566em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">value of the consideration and the nominal amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1897em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">due is recognized in the income statement as a finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.0228em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">cial expense over the period until expected payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8559em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">date using the effective interest method. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5228em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">The expected phasing of future payments and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:32.3559em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">probability of contingent payments are assessed on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:33.1891em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">each reporting date and the impact is recognized as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:34.0222em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">financial item. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2478": {
   "value": "<div class=\"stl_01\" style=\"left:57.0198em;top:20.4779em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.5247em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Deferred consideration including contingent milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.3578em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">payments is recognized when its payment is probable \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:23.1909em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">and it can be measured reliably and is at initial recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0241em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">nition measured at fair value which equals present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8572em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">value of future deferred payments. Subsequently, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6903em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">deferred consideration is measured at amortized cost. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.5234em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">This means that the difference between the present \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3566em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">value of the consideration and the nominal amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1897em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">due is recognized in the income statement as a finan- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.0228em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">cial expense over the period until expected payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8559em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">date using the effective interest method. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5228em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">The expected phasing of future payments and the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:32.3559em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">probability of contingent payments are assessed on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:33.1891em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">each reporting date and the impact is recognized as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:34.0222em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">financial item. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2479": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_222\" style=\"word-spacing:-0.005em;\">Note 25 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_438\" style=\"word-spacing:0.0092em;\">Prepayment and loan from Government \u00a0</span></div><div class=\"stl_01\" style=\"left:19.0352em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.0295em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:12.7083em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.979em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.7534em;top:13.7358em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4277em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2021em;top:13.7358em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9715em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.5884em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_76\">566,4</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4202em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0371em;top:14.752em;\"><span class=\"stl_261 stl_16 stl_76\">566,4</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.9808em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.0083em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9796em;top:18.0083em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8284em;top:18.0083em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:18.0083em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2771em;top:18.0083em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:19.0245em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.9727em;top:19.0245em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.6602em;top:19.0245em;\"><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_329\">6</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_298\">,5</span><span class=\"stl_257 stl_16 stl_575\">11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4215em;top:19.0245em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.109em;top:19.0245em;\"><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_329\">6</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_298\">,5</span><span class=\"stl_257 stl_16 stl_575\">11 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7146em;top:20.6339em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">Agreement with Danish Ministry of Health \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:21.4727em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">In August 2021, the Company entered a funding agree- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:22.3058em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">ment with the Danish Ministry of Health to further \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:23.1389em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">advance the development of ABNCoV2. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:24.8058em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The agreement is valued at up to DKK 800 million and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:25.6389em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">aims to support the completion of the development \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:26.472em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">towards licensure of ABNCoV2 as a booster vaccine. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:28.1389em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Under the agreement, Bavarian Nordic is entitled to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:28.972em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">an upfront payment of DKK 80 million, in addition to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:29.8052em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">payments of up to DKK 720 million, which are contin- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:30.6383em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">gent upon reaching a number of predefined milestones \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:31.4714em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">including among others Phase 3 development mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:32.3045em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">stones and milestones related to upscaling of manu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:33.1377em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">facturing for commercial production of the vaccine. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:33.9708em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">As per December 31, 2022 the Company has received \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7227em;top:20.6377em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the upfront payment of DKK 80 million and</span></div><div class=\"stl_01\" style=\"left:33.634em;top:20.6377em;\"><span class=\"stl_255 stl_20 stl_409\">milestone \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:21.4708em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0339em;\">payments amounting to DKK 480 million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:23.1377em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The Danish Ministry of Health could be entitled to an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:23.9708em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">additional, capped royalty payment if the sales reach a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:24.8039em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">certain threshold above the sales volume for the ordi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:25.637em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0336em;\">nary royalty payment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:27.3039em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">Based on current sales forecasts this additional royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:28.137em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">payment is not deemed likely and therefore not recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:28.9702em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">nized. If the payment becomes current it will be recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:29.8033em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">nized as a financial expense as the additional royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:30.6364em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">payment is seen as an extra interest payment. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:32.3033em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">The cap for the additional royalty payment is a fixed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7227em;top:33.1364em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">amount, calculated as a percentage of the loan amount. \u00a0</span></div><div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government consists of an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">upfront payment and additional milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">from the Danish Ministry of Health to support the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">completion of the development of ABNCoV2, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Company\u2019s COVID-19 vaccine candidate. The additional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">payments are contingent upon reaching of a number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5618em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">predefined development milestones. All payments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3949em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">potentially subject to repayment, however only upon \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.228em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">successful marketing authorization of the vaccine by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0612em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">the European Commission. Half of the repayments shall \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8943em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">be paid by delivery of vaccines to the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7274em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Health whereas the remaining part of the repayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5605em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">can be settled in either royalty payments from the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3937em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">sale of the vaccine to other customers or by delivery of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2268em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">further vaccines. Royalty payments are only triggered \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0599em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">upon reaching a certain volume in sales. Upon approval \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.893em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the vaccine the repayment obligation is adjusted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7262em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">by inflation. The Company considers it probably that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5593em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">approval will be obtained and the received payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3924em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">will be repaid to the</span></div><div class=\"stl_01\" style=\"left:44.516em;top:27.3924em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Danish Ministry of Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0593em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">The repayment obligation is accounted for as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8924em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">prepayment in respect of the part that shall be repaid \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.7255em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">by delivery of vaccines whereas the part that can \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5587em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">be repaid either by delivery of further vaccines or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3918em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">by royalty payments is accounted for as a financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.2249em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">liability. Initially the payments from the Danish Ministry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.058em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">of Health is measured at the amount received that is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8912em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">considered equal to the fair value of the obligation to \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2137em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">repay the amount to the Danish Ministry of Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0468em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Since the split between supply of vaccines and royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8799em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">payments is unknown at this stage Management has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.713em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">decided to recognize the received milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5462em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">under one common line item \"Prepayment and loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.3793em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">from Government\". \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.0462em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">Subsequent the financial liability part is measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8793em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">amortized cost. The prepayment part is accounted for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7124em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">as a prepayment under IFRS 15. The interest rate used \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5455em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">that is implicit in the transaction is based on an assess- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.3787em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">ment of the company\u2019s incremental borrowing rate. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.2118em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">amortizations and the implicit interest are presented as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.0449em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.037em;\">amortization expenses under financial expenses. \u00a0</span></div><div class=\"stl_01\" style=\"left:57.3403em;top:22.9779em;\"><span class=\"stl_602 stl_16 stl_217\" style=\"word-spacing:-0.0309em;\">Significant accounting judgments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.0247em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">Management has made the following accounting judg- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.8578em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">ment which affect the recognition in the consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.6909em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">financial statements: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3578em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0313em;\">Management assesses a high likelyhood of regula- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:28.1909em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">tory approval of the vaccine, hence assumes that the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.0241em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">already received milestone payments and the mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.8572em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">stone payments to be received in the comming year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:30.6903em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">will be repaid in either supply of vaccines or royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:31.5234em;\"><span class=\"stl_255 stl_20 stl_454\">payments. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2486": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:10.5162em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.563em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government consists of an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:12.3962em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">upfront payment and additional milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:13.2293em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">from the Danish Ministry of Health to support the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.0624em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">completion of the development of ABNCoV2, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:14.8955em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">Company\u2019s COVID-19 vaccine candidate. The additional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.7287em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">payments are contingent upon reaching of a number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:16.5618em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">predefined development milestones. All payments are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:17.3949em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">potentially subject to repayment, however only upon \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.228em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">successful marketing authorization of the vaccine by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.0612em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">the European Commission. Half of the repayments shall \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.8943em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">be paid by delivery of vaccines to the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:20.7274em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">Health whereas the remaining part of the repayments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:21.5605em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">can be settled in either royalty payments from the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:22.3937em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">sale of the vaccine to other customers or by delivery of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:23.2268em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">further vaccines. Royalty payments are only triggered \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.0599em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.0331em;\">upon reaching a certain volume in sales. Upon approval \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:24.893em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the vaccine the repayment obligation is adjusted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:25.7262em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">by inflation. The Company considers it probably that \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:26.5593em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">approval will be obtained and the received payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:27.3924em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">will be repaid to the</span></div><div class=\"stl_01\" style=\"left:44.516em;top:27.3924em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">Danish Ministry of Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.0593em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.027em;\">The repayment obligation is accounted for as a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:29.8924em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">prepayment in respect of the part that shall be repaid \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:30.7255em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">by delivery of vaccines whereas the part that can \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:31.5587em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">be repaid either by delivery of further vaccines or \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:32.3918em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">by royalty payments is accounted for as a financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.2249em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">liability. Initially the payments from the Danish Ministry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.058em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">of Health is measured at the amount received that is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.8912em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">considered equal to the fair value of the obligation to \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7483em;top:10.2137em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">repay the amount to the Danish Ministry of Health. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.0468em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Since the split between supply of vaccines and royalty \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:11.8799em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">payments is unknown at this stage Management has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:12.713em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.03em;\">decided to recognize the received milestone payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:13.5462em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0319em;\">under one common line item \"Prepayment and loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:14.3793em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0231em;\">from Government\". \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.0462em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">Subsequent the financial liability part is measured at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:16.8793em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0305em;\">amortized cost. The prepayment part is accounted for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:17.7124em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">as a prepayment under IFRS 15. The interest rate used \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:18.5455em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">that is implicit in the transaction is based on an assess- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:19.3787em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">ment of the company\u2019s incremental borrowing rate. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:20.2118em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">amortizations and the implicit interest are presented as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7483em;top:21.0449em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.037em;\">amortization expenses under financial expenses. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2488": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_50\" style=\"word-spacing:0.011em;\">Note 26 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_300\" style=\"word-spacing:0.0045em;\">Debt to credit institutions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.0352em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_380\" style=\"word-spacing:-0.0403em;\">Due within</span></div><div class=\"stl_01\" style=\"left:23.064em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_344\" style=\"word-spacing:-0.036em;\">Due between \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.9484em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0377em;\">Due after \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.0295em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.4071em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_214\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.3602em;top:11.0239em;\"><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.018em;\">1 </span><span class=\"stl_261 stl_16 stl_263\" style=\"word-spacing:-0.0304em;\">and 5 year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5659em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_129\" style=\"word-spacing:-0.0255em;\">5 years \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:12.7083em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.7358em;\"><span class=\"stl_255 stl_20 stl_635\" style=\"word-spacing:-0.0387em;\">Mortgage </span><sup style=\"top: -0.2076em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.7309em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_238\">922 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.4228em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_242\">283 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.149em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_106\">725 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5778em;top:13.7363em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6659em;top:14.7581em;z-index:218;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.704em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4284em;top:14.7581em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.839em;top:14.7581em;z-index:235;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.7744em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.4071em;top:15.7744em;z-index:250;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_325\">10</span><span class=\"stl_261 stl_16 stl_100\">5,5</span><span class=\"stl_257 stl_16 stl_238\">8</span><span class=\"stl_261 stl_16 stl_238\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.3071em;top:15.7744em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_307\">28</span><span class=\"stl_261 stl_16 stl_307\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.0334em;top:15.7744em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_307\">,7</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_100\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.584em;top:15.7744em;z-index:269;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_124\">122</span><span class=\"stl_261 stl_16 stl_124\">,59</span><span class=\"stl_257 stl_16 stl_124\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:18.0031em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:19.0307em;\"><span class=\"stl_255 stl_20 stl_635\" style=\"word-spacing:-0.0387em;\">Mortgage </span><sup style=\"top: -0.2071em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.7844em;top:19.0316em;z-index:294;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_296\">178 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.425em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_326\">673 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.8294em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_286\">10</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">223 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6275em;top:19.0316em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:20.0535em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0356em;\">European Investment Bank (loan in DKK) </span><sup style=\"top: -0.2079em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.1118em;top:20.0537em;z-index:367;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7036em;top:20.0537em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.428em;top:20.0537em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2849em;top:20.0537em;z-index:382;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7136em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:20.0211em;top:21.0756em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7036em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.428em;top:21.0756em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.1949em;top:21.0756em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7143em;top:22.0919em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.9018em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_597\">74,373 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.3087em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_237\">,673 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.6943em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_565\">10</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_200\">22</span><span class=\"stl_261 stl_16 stl_200\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0786em;top:22.0919em;\"><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_43\">93,</span><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_303\">69 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.5797em;\"><span class=\"stl_251 stl_20 stl_59\" style=\"word-spacing:-0.0415em;\">1) Floating interest \u2013 swapped to fixed interest of 0.9625% \u2013 expiry 2031 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3992em;\"><span class=\"stl_251 stl_20 stl_138\" style=\"word-spacing:-0.0427em;\">2) Fixed interest of 3.532% - bullet loan repaid in October 2022 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:26.0551em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The fair value of the debt to credit institutions amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.8883em;\"><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">to DKK 1,122.6 million (DKK 893.5 million). The fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.7214em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0326em;\">value of mortgage debt is based on the market value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.5545em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0287em;\">of the underlying bonds set by the bank (level 2), \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.3876em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">whereas the fair value of the security lending is based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.2208em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">on a discounted cash analysis flow of future payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.0539em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">of interest and principal by applying a market based \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:31.887em;\"><span class=\"stl_255 stl_20 stl_110\" style=\"word-spacing:-0.0191em;\">discount rate (level 2). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:33.5539em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The tables below detail changes in the Group's liabil- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:34.387em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">ities arising from financing activities, both cash and \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7221em;top:26.0539em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.034em;\">non-cash changes. Liabilities arising from financing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:26.887em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">activities are those for which cash flows were, or future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:27.7201em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">cash flows will be, classified in the Group's consolidated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:28.5533em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">statement of cash flow as cash flows from financing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7221em;top:29.3864em;\"><span class=\"stl_255 stl_20 stl_140\">activities. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7402em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0358em;\">Cash flow from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9877em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_620\">January \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.6227em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_344\">Cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.9708em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_653\">Non-cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.4833em;top:11.0595em;\"><span class=\"stl_261 stl_16 stl_345\">December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:11.8152em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.122em;top:11.8095em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.817em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.5414em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.9552em;top:11.8095em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:13.4939em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:14.5214em;\"><span class=\"stl_255 stl_20 stl_635\">Mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4795em;top:14.5214em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.3145em;top:14.5214em;z-index:1527;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_282\">144</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:14.5214em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6039em;top:14.5214em;\"><span class=\"stl_268 stl_20 stl_465\">18</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_563\">930 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0337em;\">European Investment Bank (loan in DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1377em;top:15.5433em;z-index:1585;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6539em;top:15.5433em;z-index:1595;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_11\">195</span><span class=\"stl_255 stl_20 stl_11\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1783em;top:15.5433em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:16.5652em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.047em;top:16.5652em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.8133em;top:16.5652em;\"><span class=\"stl_268 stl_20 stl_125\">603</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4539em;top:16.5652em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.8645em;top:16.5652em;z-index:1665;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_260\">103</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:17.587em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1289em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7676em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_166\">400</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.1795em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_333\">909 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2289em;top:17.587em;\"><span class=\"stl_268 stl_20 stl_72\">566</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_18\">420 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:18.6089em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4233em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.9745em;top:18.6089em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_296\">21</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_356\">981</span><span class=\"stl_255 stl_20 stl_356\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.8602em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_313\">13</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_329\">489 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6089em;top:18.6089em;\"><span class=\"stl_268 stl_20 stl_301\">70</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_70\">321 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:19.6252em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Total liabilities from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.4633em;top:19.6252em;z-index:1834;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_514\">,593 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6751em;top:19.6252em;\"><span class=\"stl_261 stl_16 stl_329\">6</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_654\">7,34</span><span class=\"stl_257 stl_16 stl_654\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.7564em;top:19.6252em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_48\">9,39</span><span class=\"stl_257 stl_16 stl_48\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6245em;top:19.6252em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_11\">,759,33</span><span class=\"stl_257 stl_16 stl_11\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9876em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_620\">January \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.6226em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_344\">Cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.9708em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_653\">Non-cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.4833em;top:21.6177em;\"><span class=\"stl_261 stl_16 stl_345\">December \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7401em;top:22.3733em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1395em;top:22.3677em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:57.817em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.5414em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_91\">movement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.9726em;top:22.3677em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:24.052em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:25.0795em;\"><span class=\"stl_255 stl_20 stl_635\">Mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4189em;top:25.0795em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_565\">247 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:59.3295em;top:25.0795em;z-index:1954;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_548\">173</span><span class=\"stl_255 stl_20 stl_548\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4533em;top:25.0795em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.652em;top:25.0795em;\"><span class=\"stl_268 stl_20 stl_313\">21</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7389em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0337em;\">European Investment Bank (loan in DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.1364em;top:26.1014em;z-index:2012;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.7283em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4526em;top:26.1014em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3095em;top:26.1014em;z-index:2027;\"><span class=\"stl_268 stl_20 stl_238\">372</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_276\">195 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7383em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Security lending (repo transactions) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.0039em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7708em;top:27.1233em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4533em;top:27.1233em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2202em;top:27.1233em;\"><span class=\"stl_268 stl_20 stl_130\">500</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:28.1452em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Prepayment and loan from Government \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.0051em;top:28.1452em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.7976em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_179\">160</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_114\">000 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7195em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.3026em;top:28.1452em;\"><span class=\"stl_268 stl_20 stl_51\">160</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_585\">511 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7401em;top:29.167em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">Lease liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:54.4414em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_285\">74</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_242\">623 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.9758em;top:29.167em;z-index:2182;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_237\">507</span><span class=\"stl_255 stl_20 stl_237\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.8651em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_172\">23</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_280\">697 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5964em;top:29.167em;\"><span class=\"stl_268 stl_20 stl_172\">78</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_286\">813 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7395em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0344em;\">Total liabilities from financing activities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.9289em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_09\">47</span><span class=\"stl_257 stl_16 stl_48\">0</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_74\">0</span><span class=\"stl_261 stl_16 stl_298\">65 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:58.6358em;top:30.1833em;\"><span class=\"stl_261 stl_16 stl_250\">63</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_298\">,3</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:63.6995em;top:30.1833em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_76\">4,</span><span class=\"stl_257 stl_16 stl_238\">208 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:67.6358em;top:30.1833em;z-index:2264;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_514\">,593 \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2492": {
   "value": "<div class=\"stl_01\" style=\"left:40.0119em;top:32.0612em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.108em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0283em;\">Loans are measured at the time of borrowing at fair \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:33.9411em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">value less any transaction costs. Subsequently, debt is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:34.7742em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">measured at amortized cost. This means that the differ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:35.6074em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">ence between the proceeds of the loan and the amount \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:36.4405em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">to be repaid is recognized in the income statement over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:37.2736em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">the term of the loan as a financial expense using the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:38.1067em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">effective interest method. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2493": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_43\" style=\"word-spacing:0.0065em;\">Note 28 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_408\" style=\"word-spacing:0.011em;\">Prepayment from customers \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1919em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9888em;top:10.2188em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:10.2244em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.9088em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Prepayment from customers as of January </span><span class=\"stl_268 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7907em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_344\">904 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5963em;top:11.9088em;\"><span class=\"stl_268 stl_20 stl_285\">74</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_271\">347 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Prepayments received during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3825em;top:12.9307em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5632em;top:12.9307em;\"><span class=\"stl_268 stl_20 stl_278\">33</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_100\">850 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">Recognized as revenue during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6057em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_130\">904</span><span class=\"stl_255 stl_20 stl_130\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4032em;top:13.9525em;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_291\">91</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_309\">293</span><span class=\"stl_255 stl_20 stl_309\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7238em;top:14.9688em;\"><span class=\"stl_261 stl_16 stl_217\" style=\"word-spacing:-0.0308em;\">Prepayment from customers as of December 3</span><span class=\"stl_257 stl_16 stl_217\" style=\"word-spacing:-0.0308em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.375em;top:14.9688em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4282em;top:14.9688em;\"><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_307\">6,9</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">4 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7232em;top:17.0563em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The HPV license and collaboration agreement with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:17.8894em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Janssen regarding production of Master Seed Virus has \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:18.7225em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">been terminated and therefore the upfront payment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:19.5557em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">DKK 16.9 million (USD 2.5 million) has been recognized \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:20.3888em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0255em;\">as revenue in 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7232em;top:22.0557em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">The recognition of revenue is described in note 3. \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:23.9829em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.0296em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0297em;\">Prepayments are recognized under liabilities and will \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.8628em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">be recognized in the income statement as the delivery \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.6959em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">of paid products takes place. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2496": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_300\" style=\"word-spacing:0.0045em;\">Note 29 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_86\" style=\"word-spacing:0.0013em;\">Related party transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:10.1634em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">The Group Management and Board of Directors of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:10.9965em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Bavarian Nordic A/S are considered related parties. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:12.6634em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">Besides the remuneration of the Board of Directors and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:13.4965em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the Executive Management, cf. note 8, and the share- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:14.3296em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">based payments, cf. note 30, there are no transactions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:15.1628em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">with related parties. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:16.8296em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">Transactions with subsidiaries are eliminated in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:17.6628em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">consolidated financial statements, in accordance with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.74em;top:18.4959em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">the accounting policies. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2497": {
   "value": "<div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment \u00a0</span></div><div class=\"stl_01\" style=\"left:5.9962em;top:10.2722em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.3189em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Share-based incentive plans in which employees can \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.1521em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">only opt to buy shares in the Company (warrants) are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9852em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">measured at the equity instruments\u2019 fair value at the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.8183em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">grant date and recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.6514em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">over the vesting period. The balancing item is recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.4846em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">nized directly in equity. The fair value on the date of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.3177em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">grant is determined using the Black-Scholes model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.9846em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Cash-based incentive programs in which employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.8177em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">can have the difference between the agreed exer- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">cise price and the actual share price settled in cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.4839em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0247em;\">(phantom shares) are measured at fair value at the date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.3171em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">of grant and recognized in the income statement over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.1502em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">the period when the final right of cash-settlement is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.9833em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">obtained. Granted rights are subsequently re-measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.8164em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">on each balance sheet date and upon final settlement, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.6496em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">and any changes in the fair value of the programs are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.4827em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">recognized in the income statement. The balancing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.3158em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">item is recognized under other liabilities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.9827em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">The fair value of the cash-based incentive programs is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.8158em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">determined using the Black-Scholes model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.4827em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Restricted stock units are measured at fair value at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.3158em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">grant date. Based on the achieved cash bonus for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.1489em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">members of the Executive Management, subject to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.9821em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">Board of Directors\u2019 decision on the portion that should \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.8152em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">be converted to restricted stock units, the number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.6483em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">restricted stock units are calculated by dividing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.4814em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">allocated cash bonus amount by the share price of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.3146em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Company at grant date. As the cash bonus has already \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.3146em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">been accrued and expensed in the income statement, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.1477em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">the grant of restricted stock units has no additional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.9808em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">impact on the income statement. The accrued liability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.8139em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">for the converted cash bonus is reclassified to equity. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.6471em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares are measured at the same fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.4802em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">as the initial restricted stock units and expensed over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.3133em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the three year vesting period. The balancing item is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.1464em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">recognized directly in equity. Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.9796em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">granted as sign-on bonus for members of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.8127em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Management and restricted stock units granted to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.6458em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Board of Directors are expensed at grant date with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.4789em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">balancing item recognized directly in equity. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:22.1402em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.033em;\">Incentive plans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.9789em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">In order to motivate and retain key employees and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.8121em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">encourage the achievement of common goals for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.6452em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">employees, management and shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.4783em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">Company has established incentive plans by way of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.3114em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">warrant programs and restricted stock units programs, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.1446em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">the latter only for members of the Executive Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.9777em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">ment and Board of Directors. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.6446em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Furthermore, the Company has established three-year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.4777em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">phantom share programs for all employees of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.3108em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Group except for Executive Management and other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.1439em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">employees receiving warrants. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:33.8052em;\"><span class=\"stl_261 stl_16 stl_140\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.6439em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Board of Directors has been granting warrants to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.4771em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">the Company\u00b4s management and selected employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.3102em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">of the Company and its subsidiaries. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:11.3102em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">The warrants are granted in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.1433em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">authorizations given to the Board of Directors by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.9764em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">shareholders. The Board of Directors has fixed the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:13.8096em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">terms of and the size of the grants of warrants, taking \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:14.6427em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">into account authorizations from the shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.4758em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">Group's guidelines for incentive pay, an assessment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.3089em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">expectations of the recipient\u00b4s work efforts and contri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.1421em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">bution to the Group\u00b4s growth, as well as the need to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.9752em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">motivate and retain the recipient. Grant takes place on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.8083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">the date of establishment of the program. Exercise of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:19.6414em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">warrants is by default subject to continuing employ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:20.4746em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">ment with the Group. The warrants granted are subject \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.3077em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">to the provisions of the Danish Public Companies Act \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.1408em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">regarding termination of employees prior to their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.9739em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">exercise of warrants in the case of recipients who are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:23.8071em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0377em;\">subject to the act. \u00a0</span></div><div class=\"stl_01\" style=\"left:16.2659em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.124em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.7334em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.038em;\">Can be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9852em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_215\">Average \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.4552em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.3134em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:44.350em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0282em;\">exercised as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.9915em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_78\">exercise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0312em;\">Warrant overview \u2013 </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.0796em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7909em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_256\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.584em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_410\">Exercised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3827em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_253\">Annulled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4371em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_129\">Terminated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.9202em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.8809em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.1452em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_90\" style=\"word-spacing:-0.0315em;\">price (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">December </span><span class=\"stl_268 stl_20 stl_11\">2016 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.0659em;top:13.4639em;z-index:318;\"><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">661 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3415em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0659em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7902em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7727em;top:13.4639em;z-index:334;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_526\">7</span><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_650\">661</span><span class=\"stl_255 stl_20 stl_650\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4752em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4359em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3734em;top:13.4639em;\"><span class=\"stl_268 stl_20 stl_110\">206 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0367em;\">July </span><span class=\"stl_268 stl_20 stl_309\">2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.0596em;top:14.4858em;\"><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_583\">074 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7909em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7559em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_323\">34</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_314\">074</span><span class=\"stl_255 stl_20 stl_314\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4759em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3684em;top:14.4858em;\"><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_309\">2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.7134em;top:15.5077em;z-index:413;\"><span class=\"stl_268 stl_20 stl_589\">189</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_344\">609 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.4321em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_158\">60</span><span class=\"stl_255 stl_20 stl_158\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3552em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_26\">526</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.4215em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_18\">188</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_595\">023</span><span class=\"stl_255 stl_20 stl_595\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4759em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3871em;top:15.5077em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.7034em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_299\">515</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_233\">684 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3415em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.9434em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_79\">266</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_402\">923</span><span class=\"stl_255 stl_20 stl_402\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.349em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_09\">053</span><span class=\"stl_255 stl_20 stl_09\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5153em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5665em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_288\">240</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">708 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.5271em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_288\">240</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">708 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4046em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.6834em;top:17.5514em;\"><span class=\"stl_268 stl_20 stl_151\">625</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_106\">984 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.014em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_158\">26</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_286\">491</span><span class=\"stl_255 stl_20 stl_286\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5152em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.584em;top:17.5514em;z-index:568;\"><span class=\"stl_268 stl_20 stl_336\">599</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">493 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:17.5514em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.4109em;top:17.5514em;\"><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_462\" style=\"word-spacing:-0.0433em;\">January </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:18.0359em;top:18.5733em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7909em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5152em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.894em;top:18.5733em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:18.5733em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3971em;top:18.5733em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.299em;top:19.5952em;z-index:644;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_596\">176</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_344\">964 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9852em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_33\">64</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_300\">894</span><span class=\"stl_255 stl_20 stl_300\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5152em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1827em;top:19.5952em;z-index:673;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_305\">112</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_45\">070 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:19.5952em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.389em;top:19.5952em;\"><span class=\"stl_268 stl_20 stl_378\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:17.6815em;top:20.617em;\"><span class=\"stl_268 stl_20 stl_150\">706</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_150\">469 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.3421em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0078em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_313\">(</span><span class=\"stl_268 stl_20 stl_151\">50</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_48\">695</span><span class=\"stl_255 stl_20 stl_48\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5153em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5959em;top:20.617em;\"><span class=\"stl_268 stl_20 stl_48\">655</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_296\">774 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:20.617em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3928em;top:20.617em;\"><span class=\"stl_268 stl_20 stl_280\">353 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_346\" style=\"word-spacing:-0.041em;\">April </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6178em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.7453em;top:21.6389em;\"><span class=\"stl_268 stl_20 stl_71\">81</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_33\">872 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7909em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5153em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.879em;top:21.6389em;\"><span class=\"stl_268 stl_20 stl_71\">81</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_33\">872 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:21.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3928em;top:21.6389em;\"><span class=\"stl_268 stl_20 stl_280\">190 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">December </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:19.6178em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.4434em;top:22.6608em;\"><span class=\"stl_268 stl_20 stl_239\">932</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_325\">051 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.0665em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.7909em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5153em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5771em;top:22.6608em;\"><span class=\"stl_268 stl_20 stl_239\">932</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_325\">051 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.4365em;top:22.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1084em;top:22.6608em;\"><span class=\"stl_268 stl_20 stl_307\">225</span><span class=\"stl_255 stl_20 stl_134\">/</span><span class=\"stl_268 stl_20 stl_280\">271 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.954em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_220\">3,356,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7665em;top:23.677em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_548\">01</span><span class=\"stl_261 stl_16 stl_45\">3,9</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_85\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7509em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_150\">(</span><span class=\"stl_257 stl_16 stl_294\">2</span><span class=\"stl_261 stl_16 stl_250\">66,9</span><span class=\"stl_257 stl_16 stl_130\">8</span><span class=\"stl_261 stl_16 stl_335\">3) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5446em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_296\">5</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_48\">,659) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2302em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_353\">99,75</span><span class=\"stl_257 stl_16 stl_292\">8</span><span class=\"stl_261 stl_16 stl_292\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.8384em;top:23.677em;\"><span class=\"stl_261 stl_16 stl_514\">3,65</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_110\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3534em;top:23.677em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_127\">4</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_231\">,7</span><span class=\"stl_257 stl_16 stl_134\">08 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.2365em;top:26.0159em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.8196em;top:26.0159em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7471em;top:26.0171em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">Recognized costs in 2022 DKK 42.9 million compared to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.4259em;top:26.7659em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.009em;top:26.7659em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7471em;top:26.8503em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0341em;\">DKK 31.3 million in 2021. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0312em;\">Warrant overview \u2013 </span><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.0503em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7615em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_256\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5546em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_410\">Exercised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3534em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_253\">Annulled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.4078em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_129\">Terminated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.1203em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_128\">Transferred \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.6159em;top:27.5159em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.684em;top:29.2059em;\"><span class=\"stl_268 stl_20 stl_587\">743</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_350\">346 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3896em;top:29.2059em;\"><span class=\"stl_268 stl_20 stl_09\">126</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_33\">487 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0371em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7615em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.4196em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_291\">143</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_542\">901</span><span class=\"stl_255 stl_20 stl_542\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2103em;top:29.2059em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2578em;top:29.2059em;\"><span class=\"stl_268 stl_20 stl_237\">725</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_70\">932 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.7559em;top:30.2278em;z-index:1206;\"><span class=\"stl_268 stl_20 stl_70\">418</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_565\">163 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4065em;top:30.2278em;\"><span class=\"stl_268 stl_20 stl_258\">185</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_378\">457 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.0365em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7609em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4853em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1771em;top:30.2278em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_584\">174</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_336\">070</span><span class=\"stl_255 stl_20 stl_336\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2703em;top:30.2278em;z-index:1243;\"><span class=\"stl_268 stl_20 stl_286\">429</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_172\">550 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:31.2496em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Other employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.1528em;top:31.2496em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_247\">880</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_331\">363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4209em;top:31.2496em;\"><span class=\"stl_268 stl_20 stl_12\">701</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_133\">979 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9634em;top:31.2496em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_630\">145</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_595\">833</span><span class=\"stl_255 stl_20 stl_595\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7071em;top:31.2496em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_579\">151</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_09\">659</span><span class=\"stl_255 stl_20 stl_09\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7128em;top:31.2496em;\"><span class=\"stl_255 stl_20 stl_585\">(</span><span class=\"stl_268 stl_20 stl_50\">65</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_26\">579</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.1871em;top:31.2496em;z-index:1317;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_658\">237</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_282\">144</span><span class=\"stl_255 stl_20 stl_282\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8396em;top:31.2496em;z-index:1328;\"><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_212\">982</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:32.2715em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">Resigned employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.7284em;top:32.2715em;\"><span class=\"stl_268 stl_20 stl_12\">314</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_571\">612 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.3121em;top:32.2715em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0346em;top:32.2715em;z-index:1368;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_573\">121</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_12\">150</span><span class=\"stl_255 stl_20 stl_12\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7609em;top:32.2715em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6978em;top:32.2715em;\"><span class=\"stl_255 stl_20 stl_305\">(</span><span class=\"stl_268 stl_20 stl_274\">90</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_258\">278</span><span class=\"stl_255 stl_20 stl_258\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.3621em;top:32.2715em;\"><span class=\"stl_268 stl_20 stl_306\">411</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_485\">214 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.264em;top:32.2715em;\"><span class=\"stl_268 stl_20 stl_630\">514</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_274\">398 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.924em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_220\">3,356,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7365em;top:33.2878em;\"><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_548\">01</span><span class=\"stl_261 stl_16 stl_45\">3,9</span><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_85\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7209em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_150\">(</span><span class=\"stl_257 stl_16 stl_294\">2</span><span class=\"stl_261 stl_16 stl_250\">66,9</span><span class=\"stl_257 stl_16 stl_130\">8</span><span class=\"stl_261 stl_16 stl_335\">3) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.5146em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_296\">5</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_48\">,659) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.2003em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_353\">99,75</span><span class=\"stl_257 stl_16 stl_292\">8</span><span class=\"stl_261 stl_16 stl_292\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2021em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.5328em;top:33.2878em;\"><span class=\"stl_261 stl_16 stl_210\">3,65</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_18\">,</span><span class=\"stl_257 stl_16 stl_110\">00</span><span class=\"stl_261 stl_16 stl_110\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:34.9134em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0293em;\">Weighted average exercise price (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.7715em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_485\">21</span><span class=\"stl_261 stl_16 stl_485\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.4696em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_26\">53 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.2115em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_18\">4</span><span class=\"stl_257 stl_16 stl_18\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.9146em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_18\">4</span><span class=\"stl_257 stl_16 stl_18\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.639em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_18\">4</span><span class=\"stl_257 stl_16 stl_18\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.2021em;top:34.9134em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3346em;top:34.9134em;\"><span class=\"stl_257 stl_16 stl_85\">2</span><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_313\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:35.9353em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0282em;\">Weighted average share price at exercise (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.1953em;top:35.9353em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_48\">47 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:37.5665em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Number of warrants which can be exercised as of December </span><span class=\"stl_268 stl_20 stl_305\">31</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2609em;top:37.5665em;\"><span class=\"stl_268 stl_20 stl_288\">240</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_133\">708 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:38.5884em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0249em;\">at a weighted average exercise price of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.414em;top:38.5884em;\"><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:21.1896em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.7727em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.379em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.9621em;top:11.0239em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0312em;\">Warrant overview \u2013 </span><span class=\"stl_257 stl_16 stl_09\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.0034em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">January </span><span class=\"stl_257 stl_16 stl_620\" style=\"word-spacing:-0.049em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7146em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_256\">Additions \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5077em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_410\">Exercised \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3065em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_253\">Annulled \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.3609em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_129\">Terminated \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.0734em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_128\">Transferred \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.569em;top:11.7739em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6496em;top:13.4639em;z-index:255;\"><span class=\"stl_268 stl_20 stl_573\">439</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_271\">402 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.419em;top:13.4639em;z-index:264;\"><span class=\"stl_268 stl_20 stl_660\">137</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_298\">030 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.9896em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.714em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4384em;top:13.4639em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2702em;top:13.4639em;\"><span class=\"stl_268 stl_20 stl_43\">166</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_543\">914 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.219em;top:13.4639em;\"><span class=\"stl_268 stl_20 stl_587\">743</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_350\">346 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0334em;\">Other Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6102em;top:14.4858em;\"><span class=\"stl_268 stl_20 stl_100\">723</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_231\">326 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.339em;top:14.4858em;\"><span class=\"stl_268 stl_20 stl_310\">108</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_246\">788 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.2302em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_281\">31</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_52\">709</span><span class=\"stl_255 stl_20 stl_52\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.714em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.4384em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.0384em;top:14.4858em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_79\">382</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_522\">242</span><span class=\"stl_255 stl_20 stl_522\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2909em;top:14.4858em;z-index:369;\"><span class=\"stl_268 stl_20 stl_70\">418</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_565\">163 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">Other employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.0865em;top:15.5077em;\"><span class=\"stl_268 stl_20 stl_130\">2</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_343\">062</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">360 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.3515em;top:15.5077em;\"><span class=\"stl_268 stl_20 stl_09\">470</span><span class=\"stl_255 stl_20 stl_307\">,</span><span class=\"stl_268 stl_20 stl_65\">438 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.9484em;top:15.5077em;z-index:414;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_562\">327</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_315\">617</span><span class=\"stl_255 stl_20 stl_315\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6171em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_18\">(</span><span class=\"stl_268 stl_20 stl_636\">241</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_150\">960</span><span class=\"stl_255 stl_20 stl_150\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6596em;top:15.5077em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_291\">14</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_343\">725</span><span class=\"stl_255 stl_20 stl_343\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.454em;top:15.5077em;z-index:442;\"><span class=\"stl_255 stl_20 stl_311\">(</span><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_304\">133</span><span class=\"stl_255 stl_20 stl_304\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.6877em;top:15.5077em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_247\">880</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_331\">363 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">Resigned employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:22.6846em;top:16.5295em;z-index:480;\"><span class=\"stl_268 stl_20 stl_334\">167</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_250\">901 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.264em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.904em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_337\">135</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_52\">275</span><span class=\"stl_255 stl_20 stl_52\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7127em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.004em;top:16.5295em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_275\">1</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">475</span><span class=\"stl_255 stl_20 stl_26\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:46.2434em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_310\">283</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_26\">461 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.2634em;top:16.5295em;\"><span class=\"stl_268 stl_20 stl_12\">314</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_571\">612 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.909em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_170\">3,39</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_151\">,9</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.1809em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_45\">7</span><span class=\"stl_257 stl_16 stl_304\">1</span><span class=\"stl_261 stl_16 stl_326\">6,</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_76\">56 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6984em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_125\">(494,6</span><span class=\"stl_257 stl_16 stl_639\">01</span><span class=\"stl_261 stl_16 stl_639\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.4159em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_305\">4</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_237\">,96</span><span class=\"stl_257 stl_16 stl_305\">0</span><span class=\"stl_261 stl_16 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.4959em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_331\">6,</span><span class=\"stl_257 stl_16 stl_151\">200</span><span class=\"stl_261 stl_16 stl_151\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1527em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.4571em;top:17.5458em;\"><span class=\"stl_261 stl_16 stl_220\">3,356,4</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:19.1714em;\"><span class=\"stl_261 stl_16 stl_87\" style=\"word-spacing:-0.0293em;\">Weighted average exercise price (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.6984em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_151\">188 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.4159em;top:19.1714em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_133\">0</span><span class=\"stl_261 stl_16 stl_133\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.1734em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_340\">21</span><span class=\"stl_261 stl_16 stl_340\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.8852em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_133\">94 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.584em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_331\">20</span><span class=\"stl_261 stl_16 stl_331\">6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.1527em;top:19.1714em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3046em;top:19.1714em;\"><span class=\"stl_257 stl_16 stl_485\">21</span><span class=\"stl_261 stl_16 stl_485\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7109em;top:20.1933em;\"><span class=\"stl_261 stl_16 stl_216\" style=\"word-spacing:-0.0282em;\">Weighted average share price at exercise (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.1565em;top:20.1933em;\"><span class=\"stl_261 stl_16 stl_313\">3</span><span class=\"stl_257 stl_16 stl_18\">2</span><span class=\"stl_261 stl_16 stl_18\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7109em;top:21.8245em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Number of warrants which can be exercised as of December </span><span class=\"stl_268 stl_20 stl_305\">31</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.1852em;top:21.8245em;\"><span class=\"stl_268 stl_20 stl_156\">301</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_329\">344 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7109em;top:22.8464em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0249em;\">at a weighted average exercise price of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.3565em;top:22.8464em;\"><span class=\"stl_268 stl_20 stl_45\">242 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.1786em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Specification of parameters for Black-Scholes model \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5634em;top:25.1786em;\"><span class=\"stl_261 stl_16 stl_133\" style=\"word-spacing:-0.002em;\">Nov. </span><span class=\"stl_257 stl_16 stl_262\" style=\"word-spacing:1.1093em;\">2018 </span><span class=\"stl_261 stl_16 stl_133\" style=\"word-spacing:-0.002em;\">Nov. </span><span class=\"stl_257 stl_16 stl_260\">201</span><span class=\"stl_261 stl_16 stl_260\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.0484em;top:25.1786em;\"><span class=\"stl_261 stl_16 stl_488\" style=\"word-spacing:-0.0427em;\">Jan. </span><span class=\"stl_257 stl_16 stl_259\" style=\"word-spacing:1.0787em;\">2020 </span><span class=\"stl_261 stl_16 stl_455\" style=\"word-spacing:-0.0027em;\">Nov. </span><span class=\"stl_257 stl_16 stl_52\" style=\"word-spacing:1.0923em;\">2020 </span><span class=\"stl_261 stl_16 stl_133\" style=\"word-spacing:-0.002em;\">Nov. </span><span class=\"stl_257 stl_16 stl_258\" style=\"word-spacing:1.2457em;\">2021 </span><span class=\"stl_261 stl_16 stl_72\" style=\"word-spacing:-0.022em;\">Apr. </span><span class=\"stl_257 stl_16 stl_151\" style=\"word-spacing:0.552em;\">2022 </span><span class=\"stl_261 stl_16 stl_488\" style=\"word-spacing:-0.0427em;\">Dec. </span><span class=\"stl_257 stl_16 stl_445\" style=\"word-spacing:0.0222em;\">2022 </span><sup style=\"top: -0.2081em;\"><span class=\"stl_266 stl_16 stl_340\">3) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.8688em;\"><span class=\"stl_255 stl_20 stl_103\" style=\"word-spacing:-0.0237em;\">Average share price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.6352em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_314\">159</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_114\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.2652em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_48\">154</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_307\">05 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9452em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_589\">171</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_18\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.6052em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_579\">179</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_233\">84 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.2777em;top:26.8688em;z-index:1048;\"><span class=\"stl_268 stl_20 stl_265\">307</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_18\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9352em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_302\">171</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_282\">35 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5752em;top:26.8688em;\"><span class=\"stl_268 stl_20 stl_445\">224</span><span class=\"stl_255 stl_20 stl_71\">.</span><span class=\"stl_268 stl_20 stl_303\">70 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.8907em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0245em;\">Average exercise price at grant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.629em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_579\">179</span><span class=\"stl_255 stl_20 stl_158\">.</span><span class=\"stl_268 stl_20 stl_344\">60 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.2596em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_402\">185</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_329\">40 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.979em;top:27.8907em;z-index:1119;\"><span class=\"stl_268 stl_20 stl_662\">197</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_114\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.5584em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_492\">206</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_151\">82 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.2421em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_179\">353</span><span class=\"stl_255 stl_20 stl_09\">.</span><span class=\"stl_268 stl_20 stl_412\">06 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.9921em;top:27.8907em;z-index:1143;\"><span class=\"stl_268 stl_20 stl_26\">190</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_549\">11 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.579em;top:27.8907em;\"><span class=\"stl_268 stl_20 stl_45\">270</span><span class=\"stl_255 stl_20 stl_26\">.</span><span class=\"stl_268 stl_20 stl_151\">91 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:28.9126em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">Average exercise price at grant - Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.5759em;top:28.9126em;\"><span class=\"stl_268 stl_20 stl_445\">224</span><span class=\"stl_255 stl_20 stl_71\">.</span><span class=\"stl_268 stl_20 stl_303\">70 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:29.9344em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0261em;\">Average exercise price determined at date of rights issue March </span><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_18\" style=\"word-spacing:0em;\">, </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.5996em;top:29.9344em;\"><span class=\"stl_268 stl_20 stl_45\">142</span><span class=\"stl_255 stl_20 stl_09\">.</span><span class=\"stl_268 stl_20 stl_114\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.2471em;top:29.9344em;\"><span class=\"stl_268 stl_20 stl_158\">146</span><span class=\"stl_255 stl_20 stl_288\">.</span><span class=\"stl_268 stl_20 stl_344\">60 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.9296em;top:29.9344em;\"><span class=\"stl_268 stl_20 stl_71\">155</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_91\">80 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:30.9563em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.031em;\">Applied volatility rate </span><sup style=\"top: -0.2072em;\"><span class=\"stl_476 stl_20 stl_292\">2</span><span class=\"stl_608 stl_20 stl_292\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.7165em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_280\">53</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_288\">3</span><span class=\"stl_255 stl_20 stl_288\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3621em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_274\">52</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_307\">2</span><span class=\"stl_255 stl_20 stl_307\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.0433em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_184\">53</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_329\">0</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.7215em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_304\">39</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_76\">8</span><span class=\"stl_255 stl_20 stl_76\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.3846em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_269\">41</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_76\">8</span><span class=\"stl_255 stl_20 stl_76\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0133em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_271\">42</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_158\">3</span><span class=\"stl_255 stl_20 stl_158\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.7071em;top:30.9573em;\"><span class=\"stl_268 stl_20 stl_269\">41</span><span class=\"stl_255 stl_20 stl_307\">.</span><span class=\"stl_268 stl_20 stl_76\">8</span><span class=\"stl_255 stl_20 stl_76\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7133em;top:31.9791em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Expected life (years) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.5908em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.2521em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:37.9133em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5746em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.2358em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.8971em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.5583em;top:31.9791em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">Expected dividend per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1777em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.839em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.5002em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1615em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.8227em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.484em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:53.1452em;top:33.001em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0179em;\">Risk-free interest rate p.a. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:29.4971em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_158\">43</span><span class=\"stl_255 stl_20 stl_158\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.1521em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_288\">.</span><span class=\"stl_268 stl_20 stl_271\">69</span><span class=\"stl_255 stl_20 stl_271\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8189em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_288\">.</span><span class=\"stl_268 stl_20 stl_378\">65</span><span class=\"stl_255 stl_20 stl_378\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:40.4702em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_288\">.</span><span class=\"stl_268 stl_20 stl_130\">66</span><span class=\"stl_255 stl_20 stl_130\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.1314em;top:34.0229em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_127\">.</span><span class=\"stl_268 stl_20 stl_566\">53</span><span class=\"stl_255 stl_20 stl_566\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:48.0089em;top:34.0229em;\"><span class=\"stl_268 stl_20 stl_09\">0</span><span class=\"stl_255 stl_20 stl_106\">.</span><span class=\"stl_268 stl_20 stl_331\">39</span><span class=\"stl_255 stl_20 stl_331\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:51.6827em;top:34.0229em;\"><span class=\"stl_268 stl_20 stl_274\">2</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_242\">04</span><span class=\"stl_255 stl_20 stl_242\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:35.0448em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0252em;\">Fair value per share at grant </span><sup style=\"top: -0.2072em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7329em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_133\">52 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3985em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_280\">45 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.0573em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_298\">53 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.731em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_292\">41 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.4029em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_334\">76 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.0467em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_45\">47 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.6885em;top:35.0457em;\"><span class=\"stl_268 stl_20 stl_253\">64 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7141em;top:36.0676em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0274em;\">Fair value per share at grant - Executive Management </span><sup style=\"top: -0.2079em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:52.7043em;top:36.0678em;\"><span class=\"stl_268 stl_20 stl_294\">78 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:25.9372em;\"><span class=\"stl_251 stl_20 stl_590\" style=\"word-spacing:-0.0412em;\">1) Fair value of each warrant at grant date applying the Black-Scholes \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.254em;top:26.5207em;\"><span class=\"stl_251 stl_20 stl_661\">model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:27.3402em;\"><span class=\"stl_251 stl_20 stl_252\" style=\"word-spacing:-0.0446em;\">2) The applied volatility is based on the historical volatility of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.2945em;top:27.9237em;\"><span class=\"stl_251 stl_20 stl_63\" style=\"word-spacing:-0.0436em;\">the Bavarian Nordic share, except for programs issued since \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.2945em;top:28.5072em;\"><span class=\"stl_251 stl_20 stl_462\" style=\"word-spacing:-0.0434em;\">November 2020 where the volatility is based on the volatility for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.2945em;top:29.0907em;\"><span class=\"stl_251 stl_20 stl_253\" style=\"word-spacing:-0.044em;\">a peer group. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:29.9102em;\"><span class=\"stl_251 stl_20 stl_21\" style=\"word-spacing:-0.0424em;\">3) The December 2022 program has two set of exercise conditions. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:30.4937em;\"><span class=\"stl_251 stl_20 stl_253\" style=\"word-spacing:-0.0439em;\">Executive Management can subscribe future shares at a exercise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:31.0772em;\"><span class=\"stl_251 stl_20 stl_138\" style=\"word-spacing:-0.0428em;\">price of DKK 224.70 per share equivalent to the market price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:31.6607em;\"><span class=\"stl_251 stl_20 stl_63\" style=\"word-spacing:-0.0436em;\">of Bavarian Nordic's shares at the time of grant. Vesting of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:32.2442em;\"><span class=\"stl_251 stl_20 stl_527\" style=\"word-spacing:-0.047em;\">warrants is subject to prior fulfilment of KPI's as determined by \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:32.8277em;\"><span class=\"stl_251 stl_20 stl_525\" style=\"word-spacing:-0.0462em;\">the Board of Directors. Other employees can subscribe future \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:33.4112em;\"><span class=\"stl_251 stl_20 stl_380\" style=\"word-spacing:-0.0402em;\">shares at a exercise price of DKK 270.91 per share, determined as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:33.9947em;\"><span class=\"stl_251 stl_20 stl_472\" style=\"word-spacing:-0.0391em;\">the average market price (closing price) of the Company's shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:34.5782em;\"><span class=\"stl_251 stl_20 stl_461\" style=\"word-spacing:-0.0448em;\">on Nasdaq Copenhagen over a period of 15 business days prior to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:56.29em;top:35.1617em;\"><span class=\"stl_251 stl_20 stl_544\" style=\"word-spacing:-0.0454em;\">grant plus 15%. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0351em;\">Exercise periods \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0627em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_58\" style=\"word-spacing:-0.0369em;\">Can be exercised wholly or partly in a period of </span><span class=\"stl_257 stl_16 stl_275\">1</span><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:-0.0324em;\">4 days commencing from the day of publication of: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">December </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0627em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5115em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">1 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">2 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.409em;top:11.9639em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">3 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0627em;top:12.797em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_259\">2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5115em;top:12.797em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_408\" style=\"word-spacing:0.0373em;\">1 2027 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9602em;top:12.797em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_408\" style=\"word-spacing:0.0373em;\">2 2027 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.409em;top:12.797em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_408\" style=\"word-spacing:0.0373em;\">3 2027 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_346\" style=\"word-spacing:-0.041em;\">April </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0621em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">2 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5109em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">3 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9596em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4084em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">1 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0621em;top:14.652em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">2 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5109em;top:14.652em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">3 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9596em;top:14.652em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_259\">2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4084em;top:14.652em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0287em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_408\" style=\"word-spacing:0.0373em;\">1 2027 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0615em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5102em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">1 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.959em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">2 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4077em;top:15.6739em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">3 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0615em;top:16.507em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5102em;top:16.507em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">1 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.959em;top:16.507em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">2 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4077em;top:16.507em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_259\" style=\"word-spacing:0.0387em;\">3 2026 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0609em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5096em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">1 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9584em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">2 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4071em;top:17.5289em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">3 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0609em;top:18.362em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5096em;top:18.362em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">1 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9584em;top:18.362em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">2 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4071em;top:18.362em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_298\" style=\"word-spacing:0.028em;\">3 2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_462\" style=\"word-spacing:-0.0433em;\">January </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0602em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.509em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">1 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9577em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">2 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4065em;top:19.3839em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">3 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0602em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.509em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">1 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9577em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">2 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4065em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">3 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7109em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0596em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5084em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">1 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9571em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">2 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4059em;top:21.2389em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">3 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.0596em;top:22.072em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5084em;top:22.072em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">1 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9571em;top:22.072em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">2 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4059em;top:22.072em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_402\" style=\"word-spacing:0.0467em;\">3 2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7102em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">November </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.059em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5077em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_133\" style=\"word-spacing:0.024em;\">1 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9565em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_133\" style=\"word-spacing:0.024em;\">2 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4052em;top:23.0939em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_133\" style=\"word-spacing:0.024em;\">3 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:16.059em;top:23.927em;\"><span class=\"stl_255 stl_20 stl_330\" style=\"word-spacing:-0.0396em;\">Annual Report </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.5077em;top:23.927em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">1 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9565em;top:23.927em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">2 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:44.4052em;top:23.927em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Interim Report Q</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">3 2023 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_350\" style=\"word-spacing:-0.0309em;\">Phantom shares \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">In 2018, the Company established a three-year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">phantom share program for all employees of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Group except for management and other employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">receiving warrants. The employees receive up to four \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">phantom shares per month free of charge during the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">period from January 1, 2019 to December 31, 2021. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Each employee who is a full-time employee during \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0265em;\">the entire term of the plan will be eligible to receive a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">maximum of 144 phantom shares. Following the rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">issues in March 2020 the monthly grant increased to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.3833em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">five phantom shares for the remaining grant period and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.2164em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">the maximum increased to 183 phantom shares. The \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.0495em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">program exercised in January 2022. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.7164em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">In 2019, the Company established a three-year phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:23.5495em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0335em;\">share program for all employees of the Group except for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3827em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.032em;\">management and other employees receiving warrants. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:25.2158em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">The employees receive up to four phantom shares per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.0489em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0353em;\">month free of charge during the period from January \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:26.882em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0273em;\">1, 2020 to December 31, 2022. Each employee who is a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:27.7152em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">full-time employee during the entire term of the plan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:28.5483em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">will be eligible to receive a maximum of 144 phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:29.3814em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">shares. Following the rights issues in March 2020 the \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7252em;top:10.2145em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">monthly grant increased to five phantom shares for the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:11.0477em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">remaining grant period and the maximum increased to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:11.8808em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">183 phantom shares. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:12.7139em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">The program will exercise in January 2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:14.3808em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0271em;\">In 2020, the Company established a three-year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:15.2139em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">phantom share program for all employees of the Group \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:16.047em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0272em;\">except for management and other employees receiving \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:16.8802em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">warrants. The employees receive up to five phantom \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:17.7133em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">shares per month free of charge during the period from \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:18.5464em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">January 1, 2021 to December 31, 2023. Each employee \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:19.3795em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">who is a full-time employee during the entire term of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:20.2127em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">the plan will be eligible to receive a maximum of 180 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:21.0458em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">phantom shares. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:22.7127em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">Grants are made on a monthly basis during the life of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:23.5458em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">the programs as long as the employee is employed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:24.3789em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">with the Group. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:26.0458em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">On expiry of the programs, the employees may exer- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:26.8789em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">cise the phantom shares granted to them and thus be \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:27.712em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">entitled to a cash bonus calculated on the basis of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:28.5452em;\"><span class=\"stl_255 stl_20 stl_94\" style=\"word-spacing:-0.0244em;\">increase in the price of the Company\u00b4s shares. The exer- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7252em;top:29.3783em;\"><span class=\"stl_255 stl_20 stl_78\" style=\"word-spacing:-0.0271em;\">cise is conditional on the price of the Company\u00b4s shares \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7365em;top:10.2114em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">being at least DKK 5 higher than the exercise price at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7365em;top:11.0445em;\"><span class=\"stl_255 stl_20 stl_81\" style=\"word-spacing:-0.0249em;\">the time of exercise. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7365em;top:12.7114em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">On expiry of the programs, former employees are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7365em;top:13.5445em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">entitled to settlement of the phantom shares granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7365em;top:14.3777em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0315em;\">during their term of employment. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.5101em;\"><span class=\"stl_257 stl_16 stl_402\">2021</span><span class=\"stl_261 stl_16 stl_663\">-</span><span class=\"stl_257 stl_16 stl_227\">202</span><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">3 phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9051em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1896em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9865em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">Outstanding as of January </span><span class=\"stl_268 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8271em;top:13.5895em;z-index:148;\"><span class=\"stl_268 stl_20 stl_574\">37</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1609em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:14.6114em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Granted during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8784em;top:14.6114em;z-index:182;\"><span class=\"stl_268 stl_20 stl_639\">41</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_278\">136 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6065em;top:14.6114em;z-index:190;\"><span class=\"stl_268 stl_20 stl_574\">37</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_205\">996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:15.6276em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">Outstanding phantom shares as of December 3</span><span class=\"stl_257 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.754em;top:15.6276em;z-index:236;\"><span class=\"stl_261 stl_16 stl_664\">79,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_292\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4646em;top:15.6276em;\"><span class=\"stl_261 stl_16 stl_186\">37,996 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:17.2533em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Liability in DKK thousand as of December 3</span><span class=\"stl_257 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0159em;top:17.2533em;\"><span class=\"stl_261 stl_16 stl_176\">3,73</span><span class=\"stl_257 stl_16 stl_176\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.7646em;top:17.2533em;\"><span class=\"stl_261 stl_16 stl_492\">3,5</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:18.8789em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Specification of parameters for Black-Scholes model \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:19.9064em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Share price December </span><span class=\"stl_268 stl_20 stl_286\">31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6321em;top:19.9064em;\"><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4002em;top:19.9064em;\"><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:20.9283em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">Average share exercise price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6127em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_158\">203 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3921em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_158\">203 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:21.9501em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Expected volatility rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.4102em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_566\">47</span><span class=\"stl_255 stl_20 stl_566\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.1827em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_150\">42</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:22.972em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Expected life (years) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8071em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.5652em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_274\">2</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">Expected dividend per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3821em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1615em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0179em;\">Risk-free interest rate p.a. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9209em;top:25.0158em;\"><span class=\"stl_268 stl_20 stl_282\">3</span><span class=\"stl_255 stl_20 stl_294\">.</span><span class=\"stl_268 stl_20 stl_238\">46</span><span class=\"stl_255 stl_20 stl_238\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8096em;top:25.0158em;z-index:536;\"><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_607\">11</span><span class=\"stl_255 stl_20 stl_607\">% \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7152em;top:26.6251em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The expected volatility is based on the volatility for a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:27.4583em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">peer group. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:29.1251em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Phantom shares granted in 2022 provided an expense \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:29.9583em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0267em;\">of DKK 1.9 million, whereas the revaluation of previ- \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7284em;top:26.6251em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">ously granted phantom shares provided an income of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7284em;top:27.4583em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">DKK 1.8 million, total net expense of DKK 0.1 million \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7284em;top:28.2914em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0225em;\">(net expense 2021: DKK 3.6 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7284em;top:29.9583em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The liability is included in other liabilities, cf. note 22. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.735em;top:10.5101em;\"><span class=\"stl_257 stl_16 stl_242\">2020</span><span class=\"stl_261 stl_16 stl_663\">-</span><span class=\"stl_257 stl_16 stl_445\" style=\"word-spacing:0.0213em;\">2022 </span><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.735em;top:11.9051em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.4281em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.225em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9962em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_259\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">Outstanding as of January </span><span class=\"stl_268 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.9887em;top:13.5895em;\"><span class=\"stl_268 stl_20 stl_127\">68</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_200\">873 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8237em;top:13.5895em;\"><span class=\"stl_268 stl_20 stl_378\">30</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_324\">921 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1787em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:14.6114em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">Granted during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.0587em;top:14.6114em;\"><span class=\"stl_268 stl_20 stl_524\">41</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_566\">627 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.8649em;top:14.6114em;z-index:1094;\"><span class=\"stl_268 stl_20 stl_574\">37</span><span class=\"stl_255 stl_20 stl_303\">,</span><span class=\"stl_268 stl_20 stl_271\">952 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.6062em;top:14.6114em;z-index:1102;\"><span class=\"stl_268 stl_20 stl_269\">29</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Adjustment following rights issue March </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.62em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3993em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.9187em;top:15.6333em;\"><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_242\">367 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:16.6495em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">Outstanding phantom shares as of December 3</span><span class=\"stl_257 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:60.5537em;top:16.6495em;\"><span class=\"stl_257 stl_16 stl_631\">110</span><span class=\"stl_261 stl_16 stl_33\">,5</span><span class=\"stl_257 stl_16 stl_344\">00 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.6262em;top:16.6495em;\"><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_100\">8</span><span class=\"stl_261 stl_16 stl_329\">73 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.4699em;top:16.6495em;\"><span class=\"stl_261 stl_16 stl_238\">3</span><span class=\"stl_257 stl_16 stl_26\">0</span><span class=\"stl_261 stl_16 stl_282\">,9</span><span class=\"stl_257 stl_16 stl_291\">21 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:18.2751em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Liability in DKK thousand as of December 3</span><span class=\"stl_257 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.2862em;top:18.2751em;\"><span class=\"stl_261 stl_16 stl_273\">7,37</span><span class=\"stl_257 stl_16 stl_273\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.9899em;top:18.2751em;\"><span class=\"stl_257 stl_16 stl_76\">8</span><span class=\"stl_261 stl_16 stl_134\">,6</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_329\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.7806em;top:18.2751em;\"><span class=\"stl_257 stl_16 stl_296\">1</span><span class=\"stl_261 stl_16 stl_91\">,</span><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_412\">64 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:19.9008em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Specification of parameters for Black-Scholes model \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7349em;top:20.9283em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Share price December </span><span class=\"stl_268 stl_20 stl_286\">31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.8693em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6374em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4174em;top:20.9283em;\"><span class=\"stl_268 stl_20 stl_301\">187 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7343em;top:21.9501em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">Average share exercise price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.8687em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.6481em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.4274em;top:21.9501em;\"><span class=\"stl_268 stl_20 stl_313\">147 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:22.972em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Expected volatility rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:61.6462em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_566\">47</span><span class=\"stl_255 stl_20 stl_566\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.4187em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_150\">42</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.1812em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_329\">40</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Expected life (years) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.6187em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.8231em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.5812em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_274\">2</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">Expected dividend per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.6187em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:66.3981em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:70.1774em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0179em;\">Risk-free interest rate p.a. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:62.6187em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.7243em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_277\">02</span><span class=\"stl_255 stl_20 stl_277\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.5649em;top:26.0376em;z-index:1541;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_71\">17</span><span class=\"stl_255 stl_20 stl_71\">% \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7337em;top:27.647em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">The expected volatility is based on the volatility for a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:28.4801em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">peer group. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:30.147em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">The 2020-2022 program will exercise in January 2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:30.9801em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">if the average share price for the period January 2 - \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:31.8133em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">January 13, 2023 will exceed the exercise price of DKK \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:32.6464em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">146.70. Otherwise the program will expire without \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7337em;top:33.4795em;\"><span class=\"stl_255 stl_20 stl_34\">exercise. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7468em;top:27.6464em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Phantom shares granted in 2022 provided an expense \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:28.4795em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">of DKK 2.8 million, whereas the revaluation of previ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:29.3126em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">ously granted phantom shares provided an income of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:30.1458em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">DKK 4.0 million, total net income of DKK 1.2 million (net \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:30.9789em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.0259em;\">expense 2021: DKK 6.7 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7468em;top:32.6458em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The liability is included in other liabilities, cf. note 22. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.5101em;\"><span class=\"stl_257 stl_16 stl_595\">201</span><span class=\"stl_261 stl_16 stl_301\">9-</span><span class=\"stl_257 stl_16 stl_542\" style=\"word-spacing:0.0393em;\">2021 </span><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0329em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.9051em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.6277em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.4246em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1959em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_259\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9877em;top:11.8995em;\"><span class=\"stl_257 stl_16 stl_260\">201</span><span class=\"stl_261 stl_16 stl_260\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">Outstanding as of January </span><span class=\"stl_268 stl_20 stl_446\" style=\"word-spacing:-0.0393em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.2296em;top:13.5895em;\"><span class=\"stl_268 stl_20 stl_308\">92</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_282\">531 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0077em;top:13.5895em;\"><span class=\"stl_268 stl_20 stl_465\">55</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_76\">095 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8559em;top:13.5895em;z-index:209;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1577em;top:13.5895em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.6114em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0323em;\">Granted during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.819em;top:14.6114em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0521em;top:14.6114em;z-index:246;\"><span class=\"stl_268 stl_20 stl_574\">37</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_274\">436 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.819em;top:14.6114em;z-index:254;\"><span class=\"stl_268 stl_20 stl_269\">29</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_48\">437 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.6352em;top:14.6114em;z-index:262;\"><span class=\"stl_268 stl_20 stl_575\">19</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_272\">213 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">Adjustment following rights issue March </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8184em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5978em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.0996em;top:15.6333em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_100\">445 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1565em;top:15.6333em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Exercised during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.0077em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_294\">85</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_247\">367</span><span class=\"stl_255 stl_20 stl_247\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5977em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3771em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1565em;top:16.6551em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0338em;\">Expired during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:23.4521em;top:17.677em;z-index:396;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_45\">164</span><span class=\"stl_255 stl_20 stl_45\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5971em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3765em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1559em;top:17.677em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:18.6933em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">Outstanding phantom shares as of December 3</span><span class=\"stl_257 stl_16 stl_332\" style=\"word-spacing:-0.0331em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8096em;top:18.6933em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8702em;top:18.6933em;\"><span class=\"stl_261 stl_16 stl_26\">9</span><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_158\">,53</span><span class=\"stl_257 stl_16 stl_158\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6434em;top:18.6933em;\"><span class=\"stl_261 stl_16 stl_432\">55,</span><span class=\"stl_257 stl_16 stl_329\">0</span><span class=\"stl_261 stl_16 stl_18\">95 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4903em;top:18.6933em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_296\">9,</span><span class=\"stl_257 stl_16 stl_292\">21</span><span class=\"stl_261 stl_16 stl_292\">3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:20.3189em;\"><span class=\"stl_261 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">Liability in DKK thousand as of December 3</span><span class=\"stl_257 stl_16 stl_297\" style=\"word-spacing:-0.0356em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.8096em;top:20.3189em;\"><span class=\"stl_261 stl_16 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8965em;top:20.3189em;\"><span class=\"stl_257 stl_16 stl_341\">11</span><span class=\"stl_261 stl_16 stl_307\">,7</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_238\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9896em;top:20.3189em;\"><span class=\"stl_257 stl_16 stl_134\">2</span><span class=\"stl_261 stl_16 stl_151\">,9</span><span class=\"stl_257 stl_16 stl_274\">8</span><span class=\"stl_261 stl_16 stl_274\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.2915em;top:20.3189em;\"><span class=\"stl_257 stl_16 stl_329\">8</span><span class=\"stl_261 stl_16 stl_412\">64 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:21.9445em;\"><span class=\"stl_261 stl_16 stl_463\" style=\"word-spacing:-0.0332em;\">Specification of parameters for Black-Scholes model \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:22.972em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Share price December </span><span class=\"stl_268 stl_20 stl_286\">31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8353em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_09\">269 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6153em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_301\">187 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.4059em;top:22.972em;\"><span class=\"stl_268 stl_20 stl_272\">171 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:23.9939em;\"><span class=\"stl_255 stl_20 stl_33\" style=\"word-spacing:-0.023em;\">Average share exercise price \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.8403em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6196em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_291\">142 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.3871em;top:23.9939em;\"><span class=\"stl_268 stl_20 stl_280\">180 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:25.0158em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0342em;\">Expected volatility rate \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.6171em;top:25.0158em;\"><span class=\"stl_268 stl_20 stl_150\">42</span><span class=\"stl_255 stl_20 stl_150\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.3796em;top:25.0158em;\"><span class=\"stl_268 stl_20 stl_329\">40</span><span class=\"stl_255 stl_20 stl_329\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.2115em;top:25.0158em;\"><span class=\"stl_268 stl_20 stl_665\">51</span><span class=\"stl_255 stl_20 stl_665\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">Expected life (years) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5965em;top:26.0376em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8009em;top:26.0376em;\"><span class=\"stl_268 stl_20 stl_285\">1</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.559em;top:26.0376em;\"><span class=\"stl_268 stl_20 stl_274\">2</span><span class=\"stl_255 stl_20 stl_303\">.</span><span class=\"stl_268 stl_20 stl_303\">0 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:27.0595em;\"><span class=\"stl_255 stl_20 stl_407\" style=\"word-spacing:-0.0366em;\">Expected dividend per share \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5965em;top:27.0595em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.3759em;top:27.0595em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.1553em;top:27.0595em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7115em;top:28.0814em;\"><span class=\"stl_255 stl_20 stl_85\" style=\"word-spacing:-0.0179em;\">Risk-free interest rate p.a. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.5965em;top:28.0814em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.7665em;top:28.0814em;z-index:780;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_273\">15</span><span class=\"stl_255 stl_20 stl_273\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5434em;top:28.0814em;z-index:786;\"><span class=\"stl_255 stl_20 stl_426\">-</span><span class=\"stl_268 stl_20 stl_303\">0</span><span class=\"stl_255 stl_20 stl_283\">.</span><span class=\"stl_268 stl_20 stl_71\">17</span><span class=\"stl_255 stl_20 stl_71\">% \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:29.6908em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">The expected volatility for 2020 and 2021 is based on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7253em;top:29.6901em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0265em;\">Revaluation of granted phantom shares and reversal of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:30.5239em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">the volatility for a peer group, whereas the volatility for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7253em;top:30.5233em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0267em;\">not exercised phantom shares provided a net income of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:31.357em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">2019 is based on the historic volatility of the Company. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7253em;top:31.3564em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">DKK 3.6 million (net expense 2021: DKK 8.7 million). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:33.0239em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">The 2019-2021 program exercised in January 2022 at a \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7253em;top:33.0233em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">The liability is included in other liabilities, cf. note 22. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:33.857em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0225em;\">share price of DKK 241.61. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.0379em;\">Outstanding restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2627em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8877em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.0059em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.2259em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_332\">Granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.8565em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_376\">Released \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0771em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:44.332em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Value at grant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2752em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_666\" style=\"word-spacing:-0.0432em;\">as of January </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.542em;\">1 </span><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.037em;\">during the year</span></div><div class=\"stl_01\" style=\"left:29.062em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.037em;\">during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.684em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.3034em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_93\" style=\"word-spacing:-0.0291em;\">date (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.7571em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_78\" style=\"word-spacing:-0.0271em;\">Vesting date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.6577em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3571em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.704em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2784em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6253em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_200\">22</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_298\">578 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4415em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_565\">163 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7184em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares - bonus </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3578em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7478em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.279em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.669em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_33\">288 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4421em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_565\">163 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.719em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0266em;\">CEO retention plan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3584em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.8484em;top:17.7289em;z-index:534;\"><span class=\"stl_268 stl_20 stl_567\">17</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_151\">109 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2796em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.7696em;top:17.7289em;z-index:545;\"><span class=\"stl_268 stl_20 stl_567\">17</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_151\">109 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4371em;top:17.7289em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8165em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7152em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0257em;\">Matching shares - CEO retention plan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3584em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0415em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2796em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9628em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4365em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8159em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Sign-on bonus COO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3578em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0234em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.279em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9446em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_472\">446 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4428em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_276\">165 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8152em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">Matching shares - sign-on COO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3571em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.024em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">223 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2784em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9452em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_238\">2</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">223 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4421em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_276\">165 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8146em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8077em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_304\">413 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3171em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6896em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_304\">413 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4034em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_74\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7352em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares - bonus </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.084em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_378\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9659em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_378\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4027em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_74\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7346em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8027em;top:23.8602em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3159em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2765em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6846em;top:23.8602em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4246em;top:23.8602em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7152em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:24.882em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares - bonus </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0734em;top:24.882em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3159em;top:24.882em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2765em;top:24.882em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9552em;top:24.882em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4246em;top:24.882em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7152em;top:24.882em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:25.9039em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Sign-on bonus CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0971em;top:25.9039em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_45\">651 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3159em;top:25.9039em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2765em;top:25.9039em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.979em;top:25.9039em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_45\">651 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4452em;top:25.9039em;\"><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.759em;top:25.9039em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">May </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:26.9258em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Matching shares - sign-on CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0871em;top:26.9258em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_294\">325 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:26.9258em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:26.9258em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.969em;top:26.9258em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_294\">325 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4459em;top:26.9258em;\"><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7596em;top:26.9258em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">May </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7652em;top:27.9477em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_106\">080 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.5065em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_285\">(</span><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_124\">080</span><span class=\"stl_255 stl_20 stl_124\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2377em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4296em;top:27.9477em;\"><span class=\"stl_268 stl_20 stl_50\">144 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7127em;top:27.9477em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares - bonus </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0984em;top:28.9695em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8371em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_295\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_595\">039</span><span class=\"stl_255 stl_20 stl_595\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2377em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4296em;top:28.9695em;\"><span class=\"stl_268 stl_20 stl_50\">144 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7127em;top:28.9695em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:29.9858em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0351em;\">Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.6402em;top:29.9858em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_296\">218 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6259em;top:29.9858em;z-index:1307;\"><span class=\"stl_261 stl_16 stl_291\">66,</span><span class=\"stl_257 stl_16 stl_295\">1</span><span class=\"stl_261 stl_16 stl_100\">9</span><span class=\"stl_257 stl_16 stl_100\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.4027em;top:29.9858em;z-index:1313;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_571\">4,</span><span class=\"stl_257 stl_16 stl_338\">11</span><span class=\"stl_261 stl_16 stl_295\">9) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1596em;top:29.9858em;\"><span class=\"stl_257 stl_16 stl_542\">120</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_85\">97 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:31.6114em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:32.6389em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3559em;top:32.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.7527em;top:32.6389em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:32.6389em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.674em;top:32.6389em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_326\">467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4434em;top:32.6389em;\"><span class=\"stl_268 stl_20 stl_543\">153 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.814em;top:32.6389em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_298\">2025 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:33.6608em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2102em;top:33.6608em;z-index:1398;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:33.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:33.6608em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0921em;top:33.6608em;z-index:1411;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4146em;top:33.6608em;\"><span class=\"stl_268 stl_20 stl_100\">273 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8321em;top:33.6608em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:34.6827em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2496em;top:34.6827em;z-index:1442;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:34.6827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:34.6827em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1315em;top:34.6827em;z-index:1455;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4302em;top:34.6827em;\"><span class=\"stl_268 stl_20 stl_280\">190 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8684em;top:34.6827em;\"><span class=\"stl_255 stl_20 stl_114\" style=\"word-spacing:-0.04em;\">Jun. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7471em;top:35.7045em;\"><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3159em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.4884em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_133\">340</span><span class=\"stl_255 stl_20 stl_133\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2371em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.434em;top:35.7045em;\"><span class=\"stl_268 stl_20 stl_45\">138 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8096em;top:35.7045em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:36.7208em;\"><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:-0.0323em;\">Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.619em;top:36.7208em;\"><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_274\">6,57</span><span class=\"stl_257 stl_16 stl_274\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6071em;top:36.7208em;\"><span class=\"stl_257 stl_16 stl_312\">11</span><span class=\"stl_261 stl_16 stl_234\">,467 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3209em;top:36.7208em;\"><span class=\"stl_261 stl_16 stl_270\">(</span><span class=\"stl_257 stl_16 stl_288\">12</span><span class=\"stl_261 stl_16 stl_201\">,34</span><span class=\"stl_257 stl_16 stl_305\">0</span><span class=\"stl_261 stl_16 stl_305\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5177em;top:36.7208em;\"><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_282\">5,7</span><span class=\"stl_257 stl_16 stl_307\">0</span><span class=\"stl_261 stl_16 stl_307\">5 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7121em;top:37.7427em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.2665em;top:37.7427em;\"><span class=\"stl_257 stl_16 stl_563\">10</span><span class=\"stl_261 stl_16 stl_222\">4,796 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5984em;top:37.7427em;z-index:1578;\"><span class=\"stl_261 stl_16 stl_253\">7</span><span class=\"stl_261 stl_16 stl_568\">7</span><span class=\"stl_261 stl_16 stl_166\">,665 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.309em;top:37.7427em;\"><span class=\"stl_261 stl_16 stl_125\">(36,459) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1546em;top:37.7427em;\"><span class=\"stl_257 stl_16 stl_265\">1</span><span class=\"stl_261 stl_16 stl_343\">46,</span><span class=\"stl_257 stl_16 stl_133\">002 \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7459em;top:10.2083em;\"><span class=\"stl_261 stl_16 stl_62\" style=\"word-spacing:-0.0359em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:11.047em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">In March 2021, the Board of Directors decided to post- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:11.8802em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">pone the payment of half of the achieved cash bonus \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:12.7133em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">for members of the Other Executive Management for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:13.5464em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">3 years, converting the postponed bonus of DKK 3.6 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:14.3795em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">million into 16,413 unconditional restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:15.2127em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">using the share price of the Company at grant date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:16.0458em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0309em;\">(DKK 222). The Board of Directors decided to grant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:16.8789em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0333em;\">additional restricted stock units free of charge on expiry \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:17.712em;\"><span class=\"stl_255 stl_20 stl_201\" style=\"word-spacing:-0.0265em;\">of a 3 years period (so-called \"\"matching shares\"\") \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:18.5452em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">upon the recipient still being employed in March 2024. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:19.3783em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">One matching share is granted for each two acquired \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:20.2114em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.034em;\">restricted stock units. The maximum number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:21.0445em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">matching shares is 8,207. The initial granted restricted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:21.8777em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">stock units and the potential matching shares total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:22.7108em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0211em;\">24,620 shares. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:24.3777em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">At the annual general meeting in April 2021, the Board \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:25.2108em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">of Directors were granted a total of 7,127 unconditional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:26.0439em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">restricted stock units corresponding to 50% of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:26.877em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">annual fixed fee of DKK 2.0 million (excl. committee \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:27.7102em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0278em;\">fee). The restricted stock units will be delivered after 3 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:28.5433em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.0249em;\">years in April 2024. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7459em;top:30.2102em;\"><span class=\"stl_255 stl_20 stl_108\" style=\"word-spacing:-0.0232em;\">In May/June 2021, the Company bought back 31,747 of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:31.0433em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">its own shares to meet the obligation to deliver up to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:31.8764em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">31,747 shares to the members of the Executive Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7459em;top:32.7095em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">ment and the Board of Directors in March/April 2024. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2739em;\"><span class=\"stl_261 stl_16 stl_412\" style=\"word-spacing:-0.0379em;\">Outstanding restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2715em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.8877em;top:11.4733em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:25.0059em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_21\">Outstanding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.2259em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_332\">Granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.8565em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_376\">Released \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0771em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_215\" style=\"word-spacing:-0.027em;\">as of</span></div><div class=\"stl_01\" style=\"left:44.332em;top:12.2233em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.032em;\">Value at grant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:24.2752em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_666\" style=\"word-spacing:-0.0432em;\">as of January </span><span class=\"stl_257 stl_16 stl_18\" style=\"word-spacing:0.542em;\">1 </span><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.037em;\">during the year</span></div><div class=\"stl_01\" style=\"left:29.062em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_333\" style=\"word-spacing:-0.037em;\">during the year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.684em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">December 3</span><span class=\"stl_257 stl_16 stl_128\" style=\"word-spacing:-0.0258em;\">1 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:45.3034em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_93\" style=\"word-spacing:-0.0291em;\">date (DKK) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:49.7571em;top:12.9733em;\"><span class=\"stl_261 stl_16 stl_78\" style=\"word-spacing:-0.0271em;\">Vesting date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.6577em;\"><span class=\"stl_261 stl_16 stl_84\" style=\"word-spacing:-0.0347em;\">Executive Management: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3571em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.769em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_304\">413 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2784em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6903em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_327\">16</span><span class=\"stl_255 stl_20 stl_238\">,</span><span class=\"stl_268 stl_20 stl_304\">413 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.404em;top:15.6852em;\"><span class=\"stl_268 stl_20 stl_74\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7359em;top:15.6852em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares \u2013 bonus </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3565em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0452em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9665em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">207 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4034em;top:16.707em;\"><span class=\"stl_268 stl_20 stl_74\">222 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7352em;top:16.707em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0277em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.8034em;top:17.7289em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6852em;top:17.7289em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">003 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4252em;top:17.7289em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7159em;top:17.7289em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0292em;\">Matching shares \u2013 bonus </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.074em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9559em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_303\">5</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_199\">500 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4252em;top:18.7508em;\"><span class=\"stl_268 stl_20 stl_298\">240 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7159em;top:18.7508em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_113\" style=\"word-spacing:-0.0382em;\">Sign-on bonus CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0977em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_45\">651 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3165em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2771em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9796em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_45\">651 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4459em;top:19.7727em;\"><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7596em;top:19.7727em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">May </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7127em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">Matching shares \u2013 sign-on CMO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0877em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_294\">325 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3171em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9696em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_294\">325 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4465em;top:20.7945em;\"><span class=\"stl_268 stl_20 stl_273\">149 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7602em;top:20.7945em;\"><span class=\"stl_255 stl_20 stl_72\" style=\"word-spacing:-0.022em;\">May </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7659em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_106\">080 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3171em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6477em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_276\">16</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_106\">080 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4302em;top:21.8164em;\"><span class=\"stl_268 stl_20 stl_50\">144 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7134em;top:21.8164em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares \u2013 bonus </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.099em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3171em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2777em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.9809em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4302em;top:22.8383em;\"><span class=\"stl_268 stl_20 stl_50\">144 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7134em;top:22.8383em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7134em;top:23.8602em;\"><span class=\"stl_255 stl_20 stl_333\" style=\"word-spacing:-0.0374em;\">Sign-on bonus CFO </span><sup style=\"top: -0.2058em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0799em;top:23.8625em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_150\">554 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.318em;top:23.8625em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8137em;top:23.8625em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_288\">554</span><span class=\"stl_255 stl_20 stl_288\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2393em;top:23.8625em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4362em;top:23.8625em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7043em;top:23.8625em;\"><span class=\"stl_255 stl_20 stl_514\" style=\"word-spacing:0.0027em;\">Nov. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7143em;top:24.8843em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0286em;\">Matching shares \u2013 sign-on CFO </span><sup style=\"top: -0.2079em;\"><span class=\"stl_476 stl_20 stl_311\">1</span><span class=\"stl_608 stl_20 stl_311\">) \u00a0</span></sup></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0725em;top:24.8846em;\"><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_110\">277 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:24.8846em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7938em;top:24.8846em;\"><span class=\"stl_255 stl_20 stl_293\">(</span><span class=\"stl_268 stl_20 stl_133\">4</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_221\">277</span><span class=\"stl_255 stl_20 stl_221\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2394em;top:24.8846em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4363em;top:24.8846em;\"><span class=\"stl_268 stl_20 stl_278\">156 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7044em;top:24.8846em;\"><span class=\"stl_255 stl_20 stl_514\" style=\"word-spacing:0.0027em;\">Nov. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">Conversion of cash bonus for </span><span class=\"stl_268 stl_20 stl_309\">2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0794em;top:25.9064em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_106\">734 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8132em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_71\">,</span><span class=\"stl_268 stl_20 stl_168\">734</span><span class=\"stl_255 stl_20 stl_168\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2394em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4238em;top:25.9064em;\"><span class=\"stl_268 stl_20 stl_133\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7319em;top:25.9064em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares \u2013 bonus </span><span class=\"stl_268 stl_20 stl_309\">2017 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0651em;top:26.9283em;\"><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_329\">366 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.8057em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_338\">(</span><span class=\"stl_268 stl_20 stl_150\">4</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_238\">366</span><span class=\"stl_255 stl_20 stl_238\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2394em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4238em;top:26.9283em;\"><span class=\"stl_268 stl_20 stl_133\">244 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.7319em;top:26.9283em;\"><span class=\"stl_255 stl_20 stl_79\" style=\"word-spacing:-0.0087em;\">Mar. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:27.9446em;\"><span class=\"stl_261 stl_16 stl_205\" style=\"word-spacing:-0.0351em;\">Executive Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.6494em;top:27.9446em;\"><span class=\"stl_261 stl_16 stl_402\">79,5</span><span class=\"stl_257 stl_16 stl_274\">2</span><span class=\"stl_261 stl_16 stl_274\">9 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.5801em;top:27.9446em;\"><span class=\"stl_257 stl_16 stl_238\">2</span><span class=\"stl_261 stl_16 stl_425\">4,6</span><span class=\"stl_257 stl_16 stl_151\">20 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.3594em;top:27.9446em;\"><span class=\"stl_261 stl_16 stl_133\">(</span><span class=\"stl_257 stl_16 stl_100\">2</span><span class=\"stl_261 stl_16 stl_640\">5,93</span><span class=\"stl_257 stl_16 stl_334\">1</span><span class=\"stl_261 stl_16 stl_334\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5244em;top:27.9446em;\"><span class=\"stl_261 stl_16 stl_48\">7</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_85\">,</span><span class=\"stl_257 stl_16 stl_296\">218 \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7151em;top:29.5702em;\"><span class=\"stl_261 stl_16 stl_279\" style=\"word-spacing:-0.0311em;\">Board of Directors: \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7151em;top:30.5977em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:28.3582em;top:30.5977em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.1732em;top:30.5977em;z-index:1072;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2794em;top:30.5977em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.0944em;top:30.5977em;z-index:1078;\"><span class=\"stl_268 stl_20 stl_121\">7</span><span class=\"stl_255 stl_20 stl_121\">,</span><span class=\"stl_268 stl_20 stl_291\">127 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4169em;top:30.5977em;\"><span class=\"stl_268 stl_20 stl_100\">273 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8344em;top:30.5977em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_402\">2024 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7151em;top:31.6196em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_432\">2020 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.2519em;top:31.6196em;z-index:1103;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3188em;top:31.6196em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2794em;top:31.6196em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:42.1338em;top:31.6196em;z-index:1110;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_322\">,</span><span class=\"stl_268 stl_20 stl_549\">111 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4326em;top:31.6196em;\"><span class=\"stl_268 stl_20 stl_280\">190 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8707em;top:31.6196em;\"><span class=\"stl_255 stl_20 stl_114\" style=\"word-spacing:-0.04em;\">Jun. </span><span class=\"stl_268 stl_20 stl_125\">2023 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:32.6414em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_595\">2019 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7494em;top:32.6414em;\"><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:32.6414em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.2788em;top:32.6414em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.6313em;top:32.6414em;\"><span class=\"stl_268 stl_20 stl_282\">12</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_91\">340 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4363em;top:32.6414em;\"><span class=\"stl_268 stl_20 stl_45\">138 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8119em;top:32.6414em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_133\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_344\" style=\"word-spacing:-0.036em;\">Fee </span><span class=\"stl_268 stl_20 stl_09\">2018 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:27.0619em;top:33.6633em;\"><span class=\"stl_268 stl_20 stl_130\">8</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_233\">666 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:33.3182em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.7951em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_304\">(</span><span class=\"stl_268 stl_20 stl_130\">8</span><span class=\"stl_255 stl_20 stl_133\">,</span><span class=\"stl_268 stl_20 stl_166\">666</span><span class=\"stl_255 stl_20 stl_166\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:43.2394em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:47.4501em;top:33.6633em;\"><span class=\"stl_268 stl_20 stl_272\">175 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:50.8288em;top:33.6633em;\"><span class=\"stl_255 stl_20 stl_100\" style=\"word-spacing:-0.014em;\">Apr. </span><span class=\"stl_268 stl_20 stl_26\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7138em;top:34.6796em;\"><span class=\"stl_261 stl_16 stl_409\" style=\"word-spacing:-0.0323em;\">Board of Directors \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.7082em;top:34.6796em;z-index:1212;\"><span class=\"stl_257 stl_16 stl_130\">28</span><span class=\"stl_261 stl_16 stl_568\">,</span><span class=\"stl_257 stl_16 stl_334\">11</span><span class=\"stl_261 stl_16 stl_334\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.0401em;top:34.6796em;z-index:1217;\"><span class=\"stl_261 stl_16 stl_568\">7,</span><span class=\"stl_257 stl_16 stl_09\">12</span><span class=\"stl_261 stl_16 stl_09\">7 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.6595em;top:34.6796em;\"><span class=\"stl_261 stl_16 stl_305\">(</span><span class=\"stl_257 stl_16 stl_76\">8</span><span class=\"stl_261 stl_16 stl_570\">,666) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.5032em;top:34.6796em;\"><span class=\"stl_257 stl_16 stl_158\">2</span><span class=\"stl_261 stl_16 stl_274\">6,57</span><span class=\"stl_257 stl_16 stl_274\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7144em;top:35.7014em;\"><span class=\"stl_261 stl_16 stl_100\">Total \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:26.3013em;top:35.7014em;\"><span class=\"stl_257 stl_16 stl_45\">10</span><span class=\"stl_261 stl_16 stl_48\">7,646 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6588em;top:35.7014em;\"><span class=\"stl_261 stl_16 stl_292\">3</span><span class=\"stl_257 stl_16 stl_313\">1</span><span class=\"stl_261 stl_16 stl_304\">,747 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:36.2788em;top:35.7014em;\"><span class=\"stl_261 stl_16 stl_220\">(34,597) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:41.1507em;top:35.7014em;\"><span class=\"stl_257 stl_16 stl_563\">10</span><span class=\"stl_261 stl_16 stl_222\">4,796 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:37.1909em;\"><span class=\"stl_251 stl_20 stl_462\" style=\"word-spacing:-0.0434em;\">1) At vesting 6,400 shares were transferred to CFO Henrik Juuel, the remaining 6,431 restricted stock units were converted to a cash bonus of DKK 2.0 million. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.748em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The grant of the initial restricted stock units to the Exec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">utive Management (22,578 shares) had no impact on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">the income statement for 2022, as the corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">cash bonus (DKK 3.7 million) was accrued in 2021, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0358em;\">though the amount has been reclassified from \"Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">and wages\" to \"Share-based payment\" in the staff cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0209em;\">note (note 8). The obligation related to the matching \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">shares amount to DKK 1.8 million measured at the same \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">fair value as the initial restricted stock units (DKK 163). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">The obligation will be expensed over the three year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">vesting period. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:20.217em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0324em;\">During 2022, DKK 9.2 million has been expensed and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.0502em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.028em;\">recognized as share-based payment related to Execu- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:21.8833em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">tive Management, this includes the expensing of CEO \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:22.7164em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">retention plan and sign-on bonus to COO. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:24.3833em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The grant of restricted stock units to the Board of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:25.2164em;\"><span class=\"stl_255 stl_20 stl_215\" style=\"word-spacing:-0.0269em;\">Directors (11,467 shares - DKK 1.8 million) were fully \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:26.0495em;\"><span class=\"stl_255 stl_20 stl_256\" style=\"word-spacing:-0.0362em;\">expensed at grant. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7244em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_172\" style=\"word-spacing:-0.001em;\">Note 30 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_656\" style=\"word-spacing:0.0061em;\">Share-based payment </span><span class=\"stl_600 stl_36 stl_370\">(continued) \u00a0</span></div><div class=\"stl_01\" style=\"left:4.714em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_316\" style=\"word-spacing:-0.0328em;\">Total share-based payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">Below a specification of all share-based payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">expensed in 2022 and 2021. The amounts reconcile to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_75\" style=\"word-spacing:-0.025em;\">note 8. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:14.2791em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.1921em;top:14.2735em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.989em;top:14.2735em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:15.9635em;\"><span class=\"stl_255 stl_20 stl_345\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8027em;top:15.9635em;\"><span class=\"stl_268 stl_20 stl_222\">42</span><span class=\"stl_255 stl_20 stl_09\">,</span><span class=\"stl_268 stl_20 stl_45\">937 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.5921em;top:15.9635em;\"><span class=\"stl_268 stl_20 stl_281\">31</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_294\">265 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:16.9853em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8446em;top:16.9853em;\"><span class=\"stl_268 stl_20 stl_293\">11</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_280\">039 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9715em;top:16.9853em;z-index:336;\"><span class=\"stl_268 stl_20 stl_322\">7</span><span class=\"stl_255 stl_20 stl_76\">,</span><span class=\"stl_268 stl_20 stl_639\">319 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:18.0016em;\"><span class=\"stl_261 stl_16 stl_407\" style=\"word-spacing:-0.0366em;\">Share-based payment recognized directly in equity \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6859em;top:18.0016em;\"><span class=\"stl_261 stl_16 stl_09\">53,976 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.3921em;top:18.0016em;\"><span class=\"stl_261 stl_16 stl_85\">3</span><span class=\"stl_257 stl_16 stl_85\">8</span><span class=\"stl_261 stl_16 stl_127\">,5</span><span class=\"stl_257 stl_16 stl_344\">8</span><span class=\"stl_261 stl_16 stl_344\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:19.6328em;\"><span class=\"stl_268 stl_20 stl_262\">2021</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_125\" style=\"word-spacing:0.0267em;\">2023 </span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:31.6302em;top:19.6328em;\"><span class=\"stl_268 stl_20 stl_564\">143 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8834em;top:19.6328em;\"><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_326\">,</span><span class=\"stl_268 stl_20 stl_134\">589 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:20.6547em;\"><span class=\"stl_268 stl_20 stl_168\">2020</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_133\" style=\"word-spacing:0.024em;\">2022 </span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.929em;top:20.6547em;\"><span class=\"stl_255 stl_20 stl_265\">(</span><span class=\"stl_268 stl_20 stl_270\">1</span><span class=\"stl_255 stl_20 stl_72\">,</span><span class=\"stl_268 stl_20 stl_150\">234</span><span class=\"stl_255 stl_20 stl_150\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.9359em;top:20.6547em;\"><span class=\"stl_268 stl_20 stl_298\">6</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_281\">740 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:21.6766em;\"><span class=\"stl_268 stl_20 stl_395\">2019</span><span class=\"stl_255 stl_20 stl_645\">-</span><span class=\"stl_268 stl_20 stl_26\" style=\"word-spacing:0.042em;\">2021 </span><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">phantom share program \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.9315em;top:21.6766em;\"><span class=\"stl_255 stl_20 stl_151\">(</span><span class=\"stl_268 stl_20 stl_09\">3</span><span class=\"stl_255 stl_20 stl_18\">,</span><span class=\"stl_268 stl_20 stl_09\">601</span><span class=\"stl_255 stl_20 stl_09\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.8934em;top:21.6766em;\"><span class=\"stl_268 stl_20 stl_238\">8</span><span class=\"stl_255 stl_20 stl_291\">,</span><span class=\"stl_268 stl_20 stl_331\">739 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:22.6928em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Share-based payment recognized as a liability (change during the year) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.8084em;top:22.6928em;\"><span class=\"stl_261 stl_16 stl_48\">(4,69</span><span class=\"stl_257 stl_16 stl_285\">2</span><span class=\"stl_261 stl_16 stl_285\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4553em;top:22.6928em;\"><span class=\"stl_257 stl_16 stl_270\">1</span><span class=\"stl_261 stl_16 stl_524\">9,</span><span class=\"stl_257 stl_16 stl_74\">0</span><span class=\"stl_261 stl_16 stl_344\">6</span><span class=\"stl_257 stl_16 stl_344\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.714em;top:24.3185em;\"><span class=\"stl_261 stl_16 stl_329\" style=\"word-spacing:-0.0321em;\">Total share-based payment expensed, cf. note </span><span class=\"stl_257 stl_16 stl_329\" style=\"word-spacing:-0.0321em;\">8 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6646em;top:24.3185em;\"><span class=\"stl_261 stl_16 stl_561\">49,</span><span class=\"stl_257 stl_16 stl_200\">28</span><span class=\"stl_261 stl_16 stl_200\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4778em;top:24.3185em;\"><span class=\"stl_261 stl_16 stl_667\">57,65</span><span class=\"stl_257 stl_16 stl_667\">2 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:25.9497em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">Restricted stock units converted to cash bonus at exercise \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:32.384em;top:25.9497em;\"><span class=\"stl_255 stl_20 stl_18\">-</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:35.174em;top:25.9497em;\"><span class=\"stl_255 stl_20 stl_238\">(</span><span class=\"stl_268 stl_20 stl_151\">795</span><span class=\"stl_255 stl_20 stl_151\">) \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7146em;top:27.5697em;\"><span class=\"stl_261 stl_16 stl_474\" style=\"word-spacing:-0.0363em;\">Non-cash adjustment in cash flow statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:30.6653em;top:27.5697em;\"><span class=\"stl_261 stl_16 stl_561\">49,</span><span class=\"stl_257 stl_16 stl_200\">28</span><span class=\"stl_261 stl_16 stl_200\">4 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:34.4134em;top:27.5697em;\"><span class=\"stl_261 stl_16 stl_76\">56,</span><span class=\"stl_257 stl_16 stl_307\">8</span><span class=\"stl_261 stl_16 stl_158\">57 \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2532": {
   "value": "<div class=\"stl_01\" style=\"left:5.9962em;top:10.2722em;\"><span class=\"stl_602 stl_16 stl_216\" style=\"word-spacing:-0.0281em;\">Accounting policies \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:11.3189em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Share-based incentive plans in which employees can \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.1521em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0264em;\">only opt to buy shares in the Company (warrants) are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:12.9852em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">measured at the equity instruments\u2019 fair value at the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:13.8183em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">grant date and recognized in the income statement \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:14.6514em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">over the vesting period. The balancing item is recog- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:15.4846em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">nized directly in equity. The fair value on the date of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:16.3177em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">grant is determined using the Black-Scholes model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:17.9846em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0305em;\">Cash-based incentive programs in which employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:18.8177em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0265em;\">can have the difference between the agreed exer- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:19.6508em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">cise price and the actual share price settled in cash \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:20.4839em;\"><span class=\"stl_255 stl_20 stl_198\" style=\"word-spacing:-0.0247em;\">(phantom shares) are measured at fair value at the date \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:21.3171em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0274em;\">of grant and recognized in the income statement over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.1502em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">the period when the final right of cash-settlement is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:22.9833em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0321em;\">obtained. Granted rights are subsequently re-measured \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:23.8164em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">on each balance sheet date and upon final settlement, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:24.6496em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0329em;\">and any changes in the fair value of the programs are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:25.4827em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">recognized in the income statement. The balancing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:26.3158em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">item is recognized under other liabilities. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:27.9827em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">The fair value of the cash-based incentive programs is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:28.8158em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">determined using the Black-Scholes model. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:30.4827em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">Restricted stock units are measured at fair value at \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:31.3158em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">grant date. Based on the achieved cash bonus for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.1489em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">members of the Executive Management, subject to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:32.9821em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">Board of Directors\u2019 decision on the portion that should \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:33.8152em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">be converted to restricted stock units, the number of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:34.6483em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">restricted stock units are calculated by dividing the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:35.4814em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">allocated cash bonus amount by the share price of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7244em;top:36.3146em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">Company at grant date. As the cash bonus has already \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:11.3146em;\"><span class=\"stl_255 stl_20 stl_89\" style=\"word-spacing:-0.0343em;\">been accrued and expensed in the income statement, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.1477em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">the grant of restricted stock units has no additional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:12.9808em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">impact on the income statement. The accrued liability \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:13.8139em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">for the converted cash bonus is reclassified to equity. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:14.6471em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">Matching shares are measured at the same fair value \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:15.4802em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">as the initial restricted stock units and expensed over \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:16.3133em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the three year vesting period. The balancing item is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.1464em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">recognized directly in equity. Restricted stock units \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:17.9796em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">granted as sign-on bonus for members of the Executive \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:18.8127em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">Management and restricted stock units granted to the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:19.6458em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0298em;\">Board of Directors are expensed at grant date with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:20.4789em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">balancing item recognized directly in equity. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:22.1402em;\"><span class=\"stl_261 stl_16 stl_332\" style=\"word-spacing:-0.033em;\">Incentive plans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:22.9789em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0256em;\">In order to motivate and retain key employees and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:23.8121em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">encourage the achievement of common goals for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:24.6452em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">employees, management and shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:25.4783em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">Company has established incentive plans by way of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:26.3114em;\"><span class=\"stl_255 stl_20 stl_84\" style=\"word-spacing:-0.0346em;\">warrant programs and restricted stock units programs, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.1446em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">the latter only for members of the Executive Manage- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:27.9777em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">ment and Board of Directors. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:29.6446em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Furthermore, the Company has established three-year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:30.4777em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">phantom share programs for all employees of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:31.3108em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">Group except for Executive Management and other \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:32.1439em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0317em;\">employees receiving warrants. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.7325em;top:33.8052em;\"><span class=\"stl_261 stl_16 stl_140\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.6439em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Board of Directors has been granting warrants to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.4771em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">the Company\u00b4s management and selected employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.3102em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">of the Company and its subsidiaries. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:11.3102em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">The warrants are granted in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.1433em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">authorizations given to the Board of Directors by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.9764em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">shareholders. The Board of Directors has fixed the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:13.8096em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">terms of and the size of the grants of warrants, taking \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:14.6427em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">into account authorizations from the shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.4758em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">Group's guidelines for incentive pay, an assessment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.3089em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">expectations of the recipient\u00b4s work efforts and contri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.1421em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">bution to the Group\u00b4s growth, as well as the need to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.9752em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">motivate and retain the recipient. Grant takes place on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.8083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">the date of establishment of the program. Exercise of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:19.6414em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">warrants is by default subject to continuing employ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:20.4746em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">ment with the Group. The warrants granted are subject \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.3077em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">to the provisions of the Danish Public Companies Act \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.1408em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">regarding termination of employees prior to their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.9739em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">exercise of warrants in the case of recipients who are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:23.8071em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0377em;\">subject to the act. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2537": {
   "value": "<div class=\"stl_01\" style=\"left:21.7325em;top:33.8052em;\"><span class=\"stl_261 stl_16 stl_140\">Warrants \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:34.6439em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0327em;\">The Board of Directors has been granting warrants to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:35.4771em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">the Company\u00b4s management and selected employees \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.7325em;top:36.3102em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.032em;\">of the Company and its subsidiaries. \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7407em;top:11.3102em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">The warrants are granted in accordance with the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.1433em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">authorizations given to the Board of Directors by the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:12.9764em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">shareholders. The Board of Directors has fixed the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:13.8096em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0321em;\">terms of and the size of the grants of warrants, taking \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:14.6427em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">into account authorizations from the shareholders, the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:15.4758em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0254em;\">Group's guidelines for incentive pay, an assessment of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:16.3089em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0327em;\">expectations of the recipient\u00b4s work efforts and contri- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.1421em;\"><span class=\"stl_255 stl_20 stl_98\" style=\"word-spacing:-0.0263em;\">bution to the Group\u00b4s growth, as well as the need to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:17.9752em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0279em;\">motivate and retain the recipient. Grant takes place on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:18.8083em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">the date of establishment of the program. Exercise of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:19.6414em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0316em;\">warrants is by default subject to continuing employ- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:20.4746em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">ment with the Group. The warrants granted are subject \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:21.3077em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">to the provisions of the Danish Public Companies Act \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.1408em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0286em;\">regarding termination of employees prior to their \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:22.9739em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">exercise of warrants in the case of recipients who are \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7407em;top:23.8071em;\"><span class=\"stl_255 stl_20 stl_572\" style=\"word-spacing:-0.0377em;\">subject to the act. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForWarrantsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2539": {
   "value": "<div class=\"stl_01\" style=\"left:55.748em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">The grant of the initial restricted stock units to the Exec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">utive Management (22,578 shares) had no impact on \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">the income statement for 2022, as the corresponding \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0276em;\">cash bonus (DKK 3.7 million) was accrued in 2021, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_62\" style=\"word-spacing:-0.0358em;\">though the amount has been reclassified from \"Salary \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">and wages\" to \"Share-based payment\" in the staff cost \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_200\" style=\"word-spacing:-0.0209em;\">note (note 8). The obligation related to the matching \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">shares amount to DKK 1.8 million measured at the same \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">fair value as the initial restricted stock units (DKK 163). \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">The obligation will be expensed over the three year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.748em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">vesting period. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2540": {
   "value": "<div class=\"stl_01\" style=\"left:38.7454em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_414\" style=\"word-spacing:0.0035em;\">Note 31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7454em;top:6.8268em;\"><span class=\"stl_560 stl_57 stl_514\" style=\"word-spacing:0.0025em;\">Contingent liabilities and other contractual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7454em;top:8.1602em;z-index:92;\"><span class=\"stl_560 stl_57 stl_14\">obligations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.735em;top:10.2795em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2106em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0075em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:11.9583em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Collaborative agreements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:12.9858em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Contractual obligations with research (CRO) and manufacturing (CMO) partners for long- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">term research projects. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.3606em;top:14.8408em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">\u2013 Due within </span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">1 </span><span class=\"stl_255 stl_20 stl_326\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.4737em;top:14.8408em;\"><span class=\"stl_268 stl_20 stl_125\">260</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">082 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2837em;top:14.8408em;\"><span class=\"stl_268 stl_20 stl_304\">131</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">865 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7356em;top:16.4445em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Sales milestone to GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:17.2833em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">The Asset Purchase Agreement with GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:18.1164em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">regarding the acquisition of the product rights to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:18.9495em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Rabipur/RabAvert and Encepur includes a sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:19.7827em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">stone of EUR 25 million. As per December 31, 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:20.6158em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Management does not judge the sales milestone to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:21.4489em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">be probable and therefore the sales milestone has not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:22.282em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">been recognized as either part of the product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:23.1152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">(note 15) nor the deferred consideration for product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:23.9483em;\"><span class=\"stl_255 stl_20 stl_604\" style=\"word-spacing:-0.0135em;\">rights (note 24). \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7356em;top:25.6095em;\"><span class=\"stl_261 stl_16 stl_397\" style=\"word-spacing:-0.0335em;\">License and collaboration agreement AdaptVac \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:26.4483em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Under the license and collaboration agreement with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:27.2814em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">AdaptVac the Company has an obligation of payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:28.1145em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">of potential future development and sales milestones \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:28.9477em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">and tiered royalties. Based on current regulatory plans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:29.7808em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">and expectations for future sale of the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:30.6139em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">COVID-19 vaccine all sales milestones and part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:31.447em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">development milestones are deemed probable as per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:32.2802em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">December 31, 2022 and the net present value of those \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:33.1133em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">future milestone payments have been recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:33.9464em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0324em;\">deferrred consideration, see further description in note \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7487em;top:16.4464em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">24. The remaining developement milestones related to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:17.2795em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">filing for approval in further countries are not deemed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:18.1127em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">likely and therefore not recognized. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7487em;top:19.7739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">Agreement with Danish Ministry of Health \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:20.6127em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Under the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:21.4458em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Health to fund the development of ABNCoV2 the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:22.2789em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Company has an obligation of payment of an additional, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:23.112em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">capped royalty payment if the sales reach a certain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:23.9452em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">threshold. Based on current sales forecasts this addi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:24.7783em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">tional royalty payment is not deemed likely and there- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:25.6114em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">fore not recognized. If the payment becomes current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:26.4445em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">it will be recognized as a financial expense as the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:27.2777em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">additional royalty payment is seen as an extra interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:28.1108em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">payment. The cap for the additional royalty payment is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:28.9439em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">a fixed amount, calculated as a percentage of the loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:29.777em;\"><span class=\"stl_255 stl_20 stl_412\">amount. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7039em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">License agreements National Cancer Institute \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">The Group has license agreements with the National \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Cancer Institute (NCI) and Public Health Service (PHS) in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the U.S. for PROSTVAC, CV301 and BN-Brachyury, respec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">tively. The agreements include contingent liabilities for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the Group to pay performance-based royalties, if and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">when certain milestone events are achieved. Further, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the agreements include potential contingent liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">for the Group to pay additional sublicensing royalties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">on the fair market value of consideration received, if \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">and when the Group grants such sublicenses. Payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:19.3833em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">considered remote are not included in the amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:20.2164em;\"><span class=\"stl_255 stl_20 stl_235\">above. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.717em;top:10.2108em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Company mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:11.0495em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The Company has by letter of indemnity granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:11.8827em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Nordea a floating charge on unsecured claims arising \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:12.7158em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">from the sale of goods and services and stocks of raw \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:13.5489em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">materials, intermediate products and finished products, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:14.382em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">DKK 150 million (DKK 150 million). The floating charge \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:15.2152em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">secures the operating credit line of DKK 20 million and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:16.0483em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">the line for trading in financial instruments, DKK 50 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:16.8814em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0251em;\">million (DKK 50 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:21.717em;top:18.5427em;\"><span class=\"stl_261 stl_16 stl_60\">Lawsuits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:19.3814em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Based on management's assessment the Group is not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:20.2145em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">involved in any lawsuits or arbitration cases which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:21.0477em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">could have a material impact on the Group's financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:21.8808em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">position or results of operations. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2548": {
   "value": "<div class=\"stl_01\" style=\"left:38.7454em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_414\" style=\"word-spacing:0.0035em;\">Note 31 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7454em;top:6.8268em;\"><span class=\"stl_560 stl_57 stl_514\" style=\"word-spacing:0.0025em;\">Contingent liabilities and other contractual \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7454em;top:8.1602em;z-index:92;\"><span class=\"stl_560 stl_57 stl_14\">obligations \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.735em;top:10.2795em;\"><span class=\"stl_255 stl_20 stl_379\" style=\"word-spacing:-0.0398em;\">DKK thousand \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:65.2106em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_151\">2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:69.0075em;top:10.2739em;\"><span class=\"stl_257 stl_16 stl_258\">2021 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:11.9583em;\"><span class=\"stl_261 stl_16 stl_454\" style=\"word-spacing:-0.0338em;\">Collaborative agreements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:12.9858em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.0293em;\">Contractual obligations with research (CRO) and manufacturing (CMO) partners for long- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:13.8189em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0288em;\">term research projects. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:39.3606em;top:14.8408em;\"><span class=\"stl_255 stl_20 stl_140\" style=\"word-spacing:-0.0354em;\">\u2013 Due within </span><span class=\"stl_268 stl_20 stl_18\" style=\"word-spacing:0.026em;\">1 </span><span class=\"stl_255 stl_20 stl_326\">year \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:64.4737em;top:14.8408em;\"><span class=\"stl_268 stl_20 stl_125\">260</span><span class=\"stl_255 stl_20 stl_48\">,</span><span class=\"stl_268 stl_20 stl_250\">082 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:68.2837em;top:14.8408em;\"><span class=\"stl_268 stl_20 stl_304\">131</span><span class=\"stl_255 stl_20 stl_85\">,</span><span class=\"stl_268 stl_20 stl_110\">865 \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7356em;top:16.4445em;\"><span class=\"stl_261 stl_16 stl_404\" style=\"word-spacing:-0.0374em;\">Sales milestone to GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:17.2833em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">The Asset Purchase Agreement with GlaxoSmithKline \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:18.1164em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0306em;\">regarding the acquisition of the product rights to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:18.9495em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0293em;\">Rabipur/RabAvert and Encepur includes a sales mile- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:19.7827em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">stone of EUR 25 million. As per December 31, 2022 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:20.6158em;\"><span class=\"stl_255 stl_20 stl_141\" style=\"word-spacing:-0.0335em;\">Management does not judge the sales milestone to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:21.4489em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">be probable and therefore the sales milestone has not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:22.282em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">been recognized as either part of the product rights \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:23.1152em;\"><span class=\"stl_255 stl_20 stl_91\" style=\"word-spacing:-0.0281em;\">(note 15) nor the deferred consideration for product \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:23.9483em;\"><span class=\"stl_255 stl_20 stl_604\" style=\"word-spacing:-0.0135em;\">rights (note 24). \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7356em;top:25.6095em;\"><span class=\"stl_261 stl_16 stl_397\" style=\"word-spacing:-0.0335em;\">License and collaboration agreement AdaptVac \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:26.4483em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">Under the license and collaboration agreement with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:27.2814em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0291em;\">AdaptVac the Company has an obligation of payment \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:28.1145em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0295em;\">of potential future development and sales milestones \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:28.9477em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">and tiered royalties. Based on current regulatory plans \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:29.7808em;\"><span class=\"stl_255 stl_20 stl_345\" style=\"word-spacing:-0.0352em;\">and expectations for future sale of the Company's \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:30.6139em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">COVID-19 vaccine all sales milestones and part of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:31.447em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">development milestones are deemed probable as per \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:32.2802em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">December 31, 2022 and the net present value of those \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:33.1133em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">future milestone payments have been recognized as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7356em;top:33.9464em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0324em;\">deferrred consideration, see further description in note \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7487em;top:16.4464em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">24. The remaining developement milestones related to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:17.2795em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0325em;\">filing for approval in further countries are not deemed \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:18.1127em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">likely and therefore not recognized. \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7487em;top:19.7739em;\"><span class=\"stl_261 stl_16 stl_572\" style=\"word-spacing:-0.0376em;\">Agreement with Danish Ministry of Health \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:20.6127em;\"><span class=\"stl_255 stl_20 stl_316\" style=\"word-spacing:-0.0328em;\">Under the agreement with the Danish Ministry of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:21.4458em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">Health to fund the development of ABNCoV2 the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:22.2789em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0299em;\">Company has an obligation of payment of an additional, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:23.112em;\"><span class=\"stl_255 stl_20 stl_347\" style=\"word-spacing:-0.0314em;\">capped royalty payment if the sales reach a certain \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:23.9452em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0332em;\">threshold. Based on current sales forecasts this addi- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:24.7783em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">tional royalty payment is not deemed likely and there- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:25.6114em;\"><span class=\"stl_255 stl_20 stl_93\" style=\"word-spacing:-0.029em;\">fore not recognized. If the payment becomes current \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:26.4445em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0309em;\">it will be recognized as a financial expense as the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:27.2777em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0303em;\">additional royalty payment is seen as an extra interest \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:28.1108em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">payment. The cap for the additional royalty payment is \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:28.9439em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0299em;\">a fixed amount, calculated as a percentage of the loan \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7487em;top:29.777em;\"><span class=\"stl_255 stl_20 stl_412\">amount. \u00a0</span></div><div class=\"stl_01\" style=\"left:4.7039em;top:10.2133em;\"><span class=\"stl_261 stl_16 stl_89\" style=\"word-spacing:-0.0343em;\">License agreements National Cancer Institute \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_68\" style=\"word-spacing:-0.0307em;\">The Group has license agreements with the National \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0279em;\">Cancer Institute (NCI) and Public Health Service (PHS) in \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0303em;\">the U.S. for PROSTVAC, CV301 and BN-Brachyury, respec- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.0289em;\">tively. The agreements include contingent liabilities for \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:14.3845em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">the Group to pay performance-based royalties, if and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:15.2177em;\"><span class=\"stl_255 stl_20 stl_69\" style=\"word-spacing:-0.0294em;\">when certain milestone events are achieved. Further, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:16.0508em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0302em;\">the agreements include potential contingent liabilities \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:16.8839em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0284em;\">for the Group to pay additional sublicensing royalties \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:17.717em;\"><span class=\"stl_255 stl_20 stl_219\" style=\"word-spacing:-0.0277em;\">on the fair market value of consideration received, if \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:18.5502em;\"><span class=\"stl_255 stl_20 stl_410\" style=\"word-spacing:-0.0325em;\">and when the Group grants such sublicenses. Payments \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:19.3833em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0311em;\">considered remote are not included in the amounts \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:4.7039em;top:20.2164em;\"><span class=\"stl_255 stl_20 stl_235\">above. \u00a0</span></div><div class=\"stl_01\" style=\"left:21.717em;top:10.2108em;\"><span class=\"stl_261 stl_16 stl_102\" style=\"word-spacing:-0.0372em;\">Company mortgage \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:11.0495em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.031em;\">The Company has by letter of indemnity granted \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:11.8827em;\"><span class=\"stl_255 stl_20 stl_90\" style=\"word-spacing:-0.0315em;\">Nordea a floating charge on unsecured claims arising \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:12.7158em;\"><span class=\"stl_255 stl_20 stl_267\" style=\"word-spacing:-0.0343em;\">from the sale of goods and services and stocks of raw \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:13.5489em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0331em;\">materials, intermediate products and finished products, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:14.382em;\"><span class=\"stl_255 stl_20 stl_199\" style=\"word-spacing:-0.029em;\">DKK 150 million (DKK 150 million). The floating charge \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:15.2152em;\"><span class=\"stl_255 stl_20 stl_329\" style=\"word-spacing:-0.0319em;\">secures the operating credit line of DKK 20 million and \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:16.0483em;\"><span class=\"stl_255 stl_20 stl_60\" style=\"word-spacing:-0.0348em;\">the line for trading in financial instruments, DKK 50 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:16.8814em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0251em;\">million (DKK 50 million). \u00a0</span></div><div class=\"stl_01\" style=\"left:21.717em;top:18.5427em;\"><span class=\"stl_261 stl_16 stl_60\">Lawsuits \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:19.3814em;\"><span class=\"stl_255 stl_20 stl_279\" style=\"word-spacing:-0.0312em;\">Based on management's assessment the Group is not \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:20.2145em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">involved in any lawsuits or arbitration cases which \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:21.0477em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">could have a material impact on the Group's financial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:21.717em;top:21.8808em;\"><span class=\"stl_255 stl_20 stl_376\" style=\"word-spacing:-0.0322em;\">position or results of operations. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2556": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:5.6417em;\"><span class=\"stl_598 stl_36 stl_432\" style=\"word-spacing:0.0085em;\">Note 32 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:6.6602em;\"><span class=\"stl_560 stl_57 stl_164\" style=\"word-spacing:0.0058em;\">Significant events after the balance sheet date \u00a0</span></div><div class=\"stl_01\" style=\"left:38.7295em;top:10.2139em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">On February 15, 2023, the Company announced an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7295em;top:11.047em;\"><span class=\"stl_255 stl_20 stl_397\" style=\"word-spacing:-0.0335em;\">update on its late-stage pipeline programs. The anal- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7295em;top:11.8802em;\"><span class=\"stl_255 stl_20 stl_216\" style=\"word-spacing:-0.0282em;\">ysis of data from the completed Phase 3 trial of the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7295em;top:12.7133em;\"><span class=\"stl_255 stl_20 stl_67\" style=\"word-spacing:-0.0253em;\">RSV vaccine candidate, MVA-BN</span><sup style=\"top: -0.2025em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_223\" style=\"word-spacing:-0.0227em;\">RSV, is progressing \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:13.552em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">according to plan and topline results from the study \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:14.3852em;\"><span class=\"stl_255 stl_20 stl_127\" style=\"word-spacing:-0.026em;\">are still anticipated in mid-2023. In the Phase 3 trial \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_40\" style=\"word-spacing:-0.0262em;\">of the COVID-19 booster vaccine candidate, ABNCoV2, \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_409\" style=\"word-spacing:-0.0323em;\">the recruitment of subjects \u226565 years of age is taking \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_454\" style=\"word-spacing:-0.0337em;\">longer than anticipated, pushing the expected comple- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0295em;\">tion of enrollment into the second quarter of 2023 with \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_129\" style=\"word-spacing:-0.0255em;\">topline results now anticipated around mid-2023. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:20.2177em;\"><span class=\"stl_255 stl_20 stl_74\" style=\"word-spacing:-0.0341em;\">On February 15, 2023, the Company announced an \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:21.0508em;\"><span class=\"stl_255 stl_20 stl_122\" style=\"word-spacing:-0.0289em;\">agreement with Emergent BioSolutions Inc. to acquire \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7299em;top:21.8839em;\"><span class=\"stl_255 stl_20 stl_101\" style=\"word-spacing:-0.0273em;\">two marketed travel vaccines, Vivotif</span><sup style=\"top: -0.2065em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_128\" style=\"word-spacing:-0.0258em;\">for the preven- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:22.7187em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0308em;\">tion of typhoid fever and Vaxchora</span><sup style=\"top: -0.2079em;\"><span class=\"stl_608 stl_20 stl_18\" style=\"word-spacing:0.1974em;\">\u00ae </span></sup><span class=\"stl_255 stl_20 stl_205\" style=\"word-spacing:-0.0349em;\">against cholera as \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:23.552em;\"><span class=\"stl_255 stl_20 stl_83\" style=\"word-spacing:-0.0269em;\">well as a Phase 3 vaccine candidate for the prevention \u00a0</span></div><div class=\"stl_01\" style=\"left:55.7427em;top:10.2189em;\"><span class=\"stl_255 stl_20 stl_73\" style=\"word-spacing:-0.0301em;\">of Chikungunya virus for a total consideration of up to \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:11.052em;\"><span class=\"stl_255 stl_20 stl_350\" style=\"word-spacing:-0.0311em;\">USD 380 million, including USD 270 million in an upfront \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:11.8852em;\"><span class=\"stl_255 stl_20 stl_111\" style=\"word-spacing:-0.0297em;\">payment and up to USD 110 million in future conditional \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:12.7183em;\"><span class=\"stl_255 stl_20 stl_332\" style=\"word-spacing:-0.033em;\">milestone payments. The acquisition also includes facil- \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:13.5514em;\"><span class=\"stl_255 stl_20 stl_109\" style=\"word-spacing:-0.0275em;\">ities and key personnel related to the acquired assets. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:15.2183em;\"><span class=\"stl_255 stl_20 stl_463\" style=\"word-spacing:-0.0333em;\">On February 20, 2023, The Company announced \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:16.0514em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">successful completion of a directed issue and private \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:16.8845em;\"><span class=\"stl_255 stl_20 stl_92\" style=\"word-spacing:-0.0223em;\">placement of 7,046,839 new shares at an offer price of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:17.7177em;\"><span class=\"stl_255 stl_20 stl_106\" style=\"word-spacing:-0.0301em;\">DKK 233 per share, raising gross proceeds of DKK 1,642 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:18.5508em;\"><span class=\"stl_255 stl_20 stl_454\">million. \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:20.2177em;\"><span class=\"stl_255 stl_20 stl_96\" style=\"word-spacing:-0.0255em;\">Except as noted above, there have been no significant \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:21.0508em;\"><span class=\"stl_255 stl_20 stl_107\" style=\"word-spacing:-0.0285em;\">events between December 31, 2022 and the date of \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:21.8839em;\"><span class=\"stl_255 stl_20 stl_87\" style=\"word-spacing:-0.0296em;\">approval of these financial statements that would \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:22.717em;\"><span class=\"stl_255 stl_20 stl_217\" style=\"word-spacing:-0.0307em;\">require a change to or additional disclosure in the \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:55.7427em;top:23.5502em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">financial statements. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact2559": {
   "value": "<div class=\"stl_01\" style=\"left:38.7402em;top:27.6102em;\"><span class=\"stl_598 stl_36 stl_414\" style=\"word-spacing:0.0035em;\">Note 33 \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7402em;top:28.6287em;\"><span class=\"stl_560 stl_57 stl_294\" style=\"word-spacing:0.006em;\">Approval of the consolidated financial statements \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:32.1852em;\"><span class=\"stl_255 stl_20 stl_248\" style=\"word-spacing:-0.0285em;\">The consolidated financial statements were approved \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:33.0183em;\"><span class=\"stl_255 stl_20 stl_328\" style=\"word-spacing:-0.0318em;\">by the Board of Directors and Corporate Management \u00a0</span></div>\n\t\t\t\t\t<div class=\"stl_01\" style=\"left:38.7296em;top:33.8514em;\"><span class=\"stl_255 stl_20 stl_263\" style=\"word-spacing:-0.0304em;\">and authorized for issue on March 2, 2023. \u00a0</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1056": {
   "value": "Bavarian Nordic A/S",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1057": {
   "value": "Bavarian Nordic A/S",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1058": {
   "value": "Bavarian Nordic A/S",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1059": {
   "value": "Philip Heymans Alle 3 DK-2900 Hellerup",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1061": {
   "value": "Denmark",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1062": {
   "value": "Denmark",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact1063": {
   "value": "Denmark",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:2138006JCDVYIN6INP51",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}