Annual Report 2024

Annual Report 20244.2 FINANCIAL RISKS Concerning financial risk management, see note 4.2 of the Consolidated Financial Statements. INTEREST RISKS The parent company’s interest risks and risk management policies are the same as those applicable to the group. 2024 An increase by 1 percentage point will lead to an increase in the parent company’s interest costs of 28.5 mDKK a year (2023: 38 mDKK). Liabilities are regarded as fixed-rate when the interest rate has been fixed for at least 12 months. The effect on the parent company’s other comprehensive income is 36 mDKK (2023: 19 mDKK) on a 1 percentage point increase in interest rates. 2023 mDKK Floating-rate loans Fixed-rate loans Mortgage debt Interest Currency DKK DKK Under 1 year 37 7 44 1-5 years 135 14 149 Over 5 years 241 7 248 Nominal value 413 28 441 Carrying amount 433 Under 1 year 35 8 43 1-5 years 141 18 159 Over 5 years 272 10 282 Nominal value 448 36 484 Carrying amount 475 Commercial papers, floating-rate Payables to investors EUR 530 - - 530 97 - - 97 530 - - 530 530 97 - - 97 97 Syndicated loan, floating-rate Bank overdrafts, floating-rate Other credit institutions EUR 1,007 1,864 EUR 187 - 1,194 1,864 - 2,871 857 1,863 - 187 343 - - 3,058 3,044 1,200 1,863 - 2,720 - 343 - 3,063 3,048 Interest rate swaps Interest rate swaps Interest rate swaps Interest swaps Cibor 3m DKK Cibor 6m DKK Euribor 3m DKK - 154 - 117 - 1,641 - 1,912 - 154 - 117 - 1,641 - 1,912 1 - 677 - - - - - 677 - 677 - - - - - 677 16 CURRENCY RISKS The parent company’s currency risks are the same as those applicable for the group. Reference is made to note 4.2 of the Consolidated Financial Statements for further details. CURRENCY EXPOSURE mDKK EUR/DKK USD/DKK Balance sheet 2024 -3,548 242 2023 -2,705 -4 Hedge 2024 2,506 1,206 2023 2,155 647 Change in currency rate (+/-) 1.0% 10.0% Effect on result (+/-) 2024 2023 10 6 24 - Effect, other comprehensive income (+/-) 2024 2023 - - 169 64 The above sensitivity analysis shows the net effect on profit of a +/- 1 %/10 % change in the exchange rate of the currencies concerned at the end of the year compared with the exchange rate actually applied. 156 DLG ANNUAL REPORT 2024Side 13Side 15