Annual Report 2024

Annual Report 20244.4 FINANCIAL ITEMS FINANCE INCOME mDKK Interest income from associates and joint ventures measured at amortised cost Interest financial assets measured at amortised cost Interest financial assets measured at amortised cost Foreign exchange and fair value gains Income from other investments Other financial income Financial income 2024 4 3 7 - 6 19 32 2023 4 5 9 3 4 28 44 FINANCIAL COSTS mDKK Interest financial liabilities measured at amortised cost Interest costs on lease liabilities measured at amortised cost Interest financial liabilities measured at amortised cost Foreign exchange losses Fair value loss Other financial costs Financial costs 2024 595 47 642 2 207 80 931 2023 502 52 554 3 - 70 627 ACCOUNTING POLICIES Financial items include interest, the interest components of financial lease payments, realised and unrealised currency gains and losses on securities, debt and transactions in foreign currency, amortisation premiums or deductions pertaining to mortgage debt etc., as well as surcharges and allowances under the Danish Tax Prepayment Scheme (acontoskatteordningen). Realised foreign exchange gains and losses in respect of financial assets and liabilities relating to ordinary activities are recognised in gross profit and are not included in financial income and costs. Interest income and costs are accrued on the basis of the principal amount and the effective interest rate. The effective interest rate is the discount rate applied to discount the expected future payments associated with the financial asset or liability, so that the current value of these corresponds to the carrying amount of the asset and the liability, respectively. Dividend from other equity investments and investments in securities is recognised when the final right to the dividend is obtained. This is usually at the time of the approval of the distribution of dividend by the general meeting of the company in question. 118 DLG ANNUAL REPORT 2024Side 27Side 29