DLF AMBA ANNUAL REPORT 2023/24 CONTENTS 01 MANAGEMENT REVIEW 5 Introduction 6Letter from Chairman and CEO 8 The World of DLF 11 Our Business Model 12 Highlights from Executive Management Board 14 Financial Review 15 Group Performance 17 Market Overview 18 Results in 2023/24 20 Business Areas 24 Outlook for 2024/25 25 Five-Year Key Figures for the Group 26 Corporate Governance 27 Risk Management 30 Governance Framework 32 Board of Directors 36 Executive Management Board 02 SUSTAINABILITY REVIEW 39 Introduction 40 Sustainability at DLF 42 Double Materiality Assessment 45 Value Chain Impact 46 Sustainability Risk 48 Environment 49 Climate Change 52 Pollution 55 Biodiversity and Ecosystems 56 Social 57 Working Conditions – Own Workforce 60 Governance 61Corporate culture and business conduct 63 Partnerships and Collaborations 65 Concluding Reporting for 2022/23 66 Footnotes 03 FINANCIAL STATEMENTS 69 Income Statement 70 Balance Sheet - Assets 70 Balance Sheet - Equity and Liabilities 71 Statement of Changes in Equity 73 Cash Flow Statement 74 Notes 84 Accounting Policies 90Independent Auditors Report 92 Statement by Management 93 Company Information 3 This is DLF’s consolidated annual report, including both financial performance and sustainability progress. The structure of the report will henceforth form the foundation for our reporting with a view to complying with the CSRD and the company’s corporate social responsibility cf. §99a (pg. 38-62) and §99b (pg. 62) of the Danish Financial Statement Act. Editor: DLF Communications team, DLF SEEDS A/S Layout: Make® Print: Stibo Complete
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