Business flow Our business model operates as a circular system, where output from our investments and retail businesses is reinvested to continuously develop and grow our activities and create value in the long-term. Part of that value we wish to give back to the societies, which we are a part of, by paying our fair share of corporate, people, and indirect taxes, making various donations, providing sponsorships, and by making investments that contribute to a more sustainable future. TAXES DIVIDENDS INVESTMENTS INVESTMENTS LARS LARSEN GROUP RETAIL LARS LARSEN GROUP LARS LARSEN GROUP INVESTMENTS EARNINGS DONATIONS SPONSORSHIPS EARNINGS MANAGEMENT'S REVIEW LARS LARSEN GROUP | ANNUAL REPORT 2023/24 | PAGE 25
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