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Cash flow statement - DKK (kr)
kr in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of cash flows [abstract]      
Net profit kr 47,757 kr 42,138 kr 38,951
Adjustment of non-cash items:      
Income taxes in the income statement 11,323 10,992 9,602
Depreciation, amortisation and impairment losses 6,025 5,753 5,661
Other non-cash items 13,009 7,849 7,032
Change in working capital (8,656) (4,353) (3,388)
Interest received 241 100 64
Interest paid (261) (422) (204)
Income taxes paid (14,438) (10,106) (10,936)
Net cash generated from operating activities 55,000 51,951 46,782
Purchase of intangible assets (1,050) (16,256) (2,299)
Proceeds from sale of property, plant and equipment 0 7 4
Purchase of property, plant and equipment (6,335) (5,825) (8,932)
Cash used for acquisition of businesses (18,283) 0 0
Proceeds from other financial assets 0 12 148
Purchase of other financial assets (4) 0 (350)
Purchase of marketable securities (7,109) 0 0
Sale of marketable securities 1,172 0 0
Investment in associated companies 0 (392) (97)
Proceeds from the divestment of Group and associated companies 0 0 (3)
Dividend received from associated companies 4 18 20
Net cash used in investing activities (31,605) (22,436) (11,509)
Purchase of treasury shares (19,447) (16,855) (15,334)
Dividends paid (21,517) (20,121) (19,409)
Proceeds from borrowings 22,160 5,682 81
Repayment of borrowings (6,689) (950) (822)
Net cash used in financing activities (25,493) (32,244) (35,484)
Net cash generated from activities (2,098) (2,729) (211)
Cash and cash equivalents at the beginning of the year 12,226 15,411 15,629
Exchange gains/(losses) on cash and cash equivalents 591 (456) (7)
Cash and cash equivalents at the end of the year kr 10,719 kr 12,226 kr 15,411