Operating revenue Other operating expenses Depreciation Fair value adjustments of biological assets Income from associates Financial income Taxes Profit or loss for the year attributable to Non-controlling interests Owners of P/F Bakkafrost Currency translation differences Non-controlling interests Owners of P/F Bakkafrost ASSETS Intangible assets Right of use assets Long-term receivables Current assets Biological assets (biomass) Inventory Tax receivables Other receivables EQUITY AND LIABILITIES Equity Share capital Other equity Non-controlling interest Non-current liabilities Deferred taxes Long-term interest-bearing debt Long-term leasing debt Derivatives Current liabilities Financial derivatives Current tax liabilities Short-term leasing debt Inventories Including Current Biological Assets Total inventory The amount of inventories and current biological assets. Profit for the year Consolidated profit Treasury shares Total transaction with owners Share Capital Share Premium Reserve Treasury Shares Currency translation differences Retained Earnings Derivatives Consolidated Statement of Changes in Equity Change in Inventory and Biological Assets at Cost Change in inventory and biological assets (at cost) The decrease (increase) in inventory and biological assets (at cost). Revenue tax - FO Net currency effects Dividend [Member] Dividend This member stands for a component of equity representing dividend. Consolidated profit The amount of consolidated profit (loss). Other Comprehensive Income Net of Tax Reserve to Share Based Payment Reserve to share based payment The amount of other comprehensive income, net of tax, related to reserve to share based payment. Share-based payment Investments in associated companies Investments in stocks and shares Trade payables Adjustments for Change in Current Debts Change in current debts Adjustments for increase (decrease) in current debts to reconcile profit (loss) to net cash flow from (used in) operating activities. Cash Flows from Used in Change in Long Term Receivables Change in long-term receivables The cash inflow (outflow) due to a decrease (increase) in long-term receivables. Financial Income Received Classified as Financing Activities The cash inflow from financial income received, classified as financing activities. Financial income Financial Expenses Paid Classified as Financing Activities Financial expenses The cash outflow for financial expenses paid, classified as financing activities. Proceeds from Payments for Acquisition of Treasury Shares Proceeds/Acquisition of treasury shares The cash inflow (outflow) due to sale or acquisition of treasury shares. Cash flow from operations Adjustments for write-downs and depreciation Adjustments for income from associates Adjustments for currency effects Taxes paid Change in inventory Change in receivables Cash flow from operations Cash flow from investments Payments made for purchase of fixed assets Cash flow from investments Cash flow from financing Lease payment Dividend paid Cash flow from financing Net change in cash and cash equivalents in period Cash and cash equivalents Hereof tax effect Other financial items Earnings before Interest and Taxes Earnings before interest and taxes (EBIT) The amount of earnings before interest and taxes (EBIT). EBIT Non controlling interest Other Comprehensive Income Net of Tax Change in Tax Rate on Equity Posted Purchase Price Allocation in Prior Years Change in tax rate on equity posted PPA in prior years The amount of other comprehensive income, net of tax, related to change in tax rate on equity posted purchase price allocation in prior years Biomass Fair Value Adjustments [Member] This member stands for a component of equity representing biomass fair value adjustments. Fair value adjustments Increase (Decrease) Through Proposed Dividend The increase (decrease) in equity resulting from proposed dividend. Proposed dividend Total comprehensive income attributable to Share-Based Payment Other Comprehensive Income Net of Tax Reclassification Currency Translation Differences Fund The amount of other comprehensive income, net of tax, related to reclassification - currency translation differences fund. Reclassification - Currency translation differences fund Other Comprehensive Income Net of Tax Reclassification Biomass Fair Value Adjustments Fund The amount of other comprehensive income, net of tax, related to reclassification - biomass fair value adjustments fund. Reclassification - Biomass Fair value adjustments fund Other Comprehensive Income Net of Tax Reclassification Between Funds The amount of other comprehensive income, net of tax, related to reclassification between funds. Reclassification between funds Total Property, Plant and Equipment The amount of total property, plant and equipment. Total property, plant and equipment Changes on financial derivatives Changes in financial derivatives Non-current assets Non-current financial assets Derivatives Accounts receivables Adjustments for value adjustments on biomass Addition of non-controlling interests Notes to the Consolidated Financial Statements GENERAL INFORMATION SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION Statement of IFRS compliance Disclosure of authorisation of financial statements CONSOLIDATION PRINCIPLES Description of accounting policy for subsidiaries Description of accounting policy for business combinations and goodwill Description of accounting policy for investment in associates and joint ventures Description of accounting policy for investment in associates TRANSLATION OF FOREIGN CURRENCIES Description of accounting policy for determining components of cash and cash equivalents Description of accounting policy for dividends Description of accounting policy for biological assets FUNCTIONAL CURRENCY NEW STANDARDS ACCOUNTING ESTIMATES REVENUE Disclosure of profit (loss) from operating activities ACCOUNTING POLICIES SEGMENT REPORTING SALARIES AND OTHER PERSONNEL EXPENSES Disclosure of information about employees Disclosure of information about key management personnel SHARE-BASED PAYMENT ACCOUNTING POLICIES SHARE-BASED PAYMENTS PENSIONS OTHER OPERATING EXPENSES AND OTHER INCOME Disclosure of other operating expense Disclosure of other operating income RESEARCH AND DEVELOPMENT EXPENSES NET FINANCIAL ITEMS Disclosure of interest income (expense) Financial income Disclosure of interest expense Financial expenses Disclosure of interest income ACCOUNTING POLICIES FINANCIAL INCOME Description of accounting policy for interest income and expense BORROWING COSTS Description of accounting policy for financial liabilities Description of accounting policy for borrowings TAX Disclosure of deferred taxes ACCOUNTING POLICIES : TAX Description of accounting policy for deferred income tax INTANGIBLE ASSETS Disclosure of intangible assets Disclosure of goodwill Disclosure of depreciation and amortisation expense Disclosure of impairment of assets ACCOUNTING POLICIES : INTANGIBLE ASSETS Description of accounting policy for intangible assets other than goodwill GOODWILL Description of accounting policy for research and development expense PROPERTY, PLANT AND EQUIPMENT ACCOUNTING POLICIES : PROPERTY, PLANT AND EQUIPMENT Description of accounting policy for depreciation expense LEASING Accounting policies : LEASING Subsidiaries Associates INVENTORY ACCOUNTING POLICIES : INVENTORY BIOLOGICAL ASSETS ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES ACCOUNTING POLICIES : ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES CASH AND CASH EQUIVALENTS Disclosure of share capital, reserves and other equity interest SHARE CAPITAL AND MAJOR SHAREHOLDERS Dividend Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners INTEREST-BEARING DEBT MORTGAGES AND GUARANTEES DERIVATIVES FINANCIAL INSTRUMENTS Financial instruments at fair value with changes in value entered to the Income Statement Hedge accounting PROVISIONS ACCOUNTING POLICIES : PROVISIONS CAPITAL MANAGEMENT FINANCIAL RISK MANAGEMENT MARKET RISK Liquidity risk Credit risk CATEGORIES AND FAIR VALUE OF FINANCIAL INSTRUMENTS Disclosure of fair value measurement Disclosure of fair value of financial instruments EARNINGS PER SHARE Description of accounting policy for earnings per share Disclosure of commitments and contingent liabilities CAPITAL COMMITMENTS RELATED-PARTY TRANSACTIONS Description of accounting policy for transactions with related parties BUSINESS COMBINATIONS EVENTS AFTER THE DATE OF THE STATEMENT OF FINANCIAL POSITION AUDITOR’S FEES GOING CONCERN Description of accounting policy for derivative financial instruments and hedging MAJOR CUSTOMERS AND OPERATING SEGMENT INFORMATION COMPANIES IN THE GROUP AND SHARES AND HOLDINGS IN OTHER COMPANIES Earnings/Diluted earnings per share (DKK) Change in revolving credit facilities Cash Flows from Used in Sale (Purchase) of Shares and Other Investments, Classified as Investing Activities The cash inflow (outflow) due to sale or purchase of shares and other investments, classified as investing activities. Purchase of shares and other investments Consolidated CashFlow Statement - Accounting Policies Description of Accounting Policy for Shares and Holdings in Other Companies [Explanatory] The description of the entity's accounting policy for shares and holdings in other companies. Accounting policies : COMPANIES IN THE GROUP AND SHARES AND HOLDINGS IN OTHER COMPANIES Disclosure of Shares and Holdings in Other Companies [Explanatory] The entire disclosure for shares and holdings in other companies. SHARES AND HOLDINGS IN OTHER COMPANIES Description of Accounting Policy for Ixbrl Reporting [Explanatory] The description of the entity's accounting policy for ixbrl reporting. IXBRL REPORTING Disclosure of Alternative Performance Measures [Explanatory] The entire disclosure for alternative performance measures. ALTERNATIVE PERFORMANCE MEASURES