MANAGEMENT'S REVIEW 9 MANAGEMENT'S REVIEW 11 International strategy ensures record results in an extraordinary year 14 Financial results 16 Financial results in the group’s business areas 20 Key Performance Indicators 22 Risk management 24 Main objectives 2023 27 STRATEGIC FOCUS 28 Strategic focus 2022+ 30 Strategic milestones 2022 32 Focus on customers via development, innovation and collaboration 36 Efficiency and new possibilities through digitisation 42 New avenues with proteins and plant-based foods 48 Attracting and training future employees 55 GREEN TRANSITION 56 Green transition in the farming industry 58 Danish Agro’s four green columns 63 CORPORATE MANAGEMENT 64 Cooperative ownership company structure 66 Danish Agro's Board of Directors 68 Group management 71 FINANCIAL STATEMENTS 72 Management's statement 73 Independent auditor's report 75 Income statement 76 Balance sheet 78 Equity statement 79 Cash flow statement 80 Accounting policies 85 Notes 96 Danish Agro group companies 98 Company information 3 FINANCIAL STATEMENTS
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