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Cash flow statement - DKK (kr)
kr in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of cash flows [abstract]      
Net profit kr 55,525 kr 47,757 kr 42,138
Adjustment of non-cash items:      
Income taxes in the income statement 13,537 11,323 10,992
Depreciation, amortisation and impairment losses 7,362 6,025 5,753
Other non-cash items 22,310 13,009 7,849
Change in working capital (5,336) (8,656) (4,353)
Interest received 276 241 100
Interest paid (272) (261) (422)
Income taxes paid (14,515) (14,438) (10,106)
Net cash generated from operating activities 78,887 55,000 51,951
Purchase of intangible assets (2,607) (1,050) (16,256)
Proceeds from sale of property, plant and equipment 0 0 7
Purchase of property, plant and equipment (12,146) (6,335) (5,825)
Cash used for acquisition of businesses (7,075) (18,283) 0
Proceeds from other financial assets 0 0 12
Purchase of other financial assets (169) (4) 0
Purchase of marketable securities (9,566) (7,109) 0
Sale of marketable securities 6,645 1,172 0
Investment in associated companies 0 0 (392)
Dividend received from associated companies 0 4 18
Net cash used in investing activities (24,918) (31,605) (22,436)
Purchase of treasury shares (24,086) (19,447) (16,855)
Dividends paid (25,303) (21,517) (20,121)
Proceeds from borrowings 11,215 22,160 5,682
Repayment of borrowings (13,623) (6,689) (950)
Net cash used in financing activities (51,797) (25,493) (32,244)
Net cash generated from activities 2,172 (2,098) (2,729)
Cash and cash equivalents at the beginning of the year 10,719 12,226 15,411
Exchange gains/(losses) on cash and cash equivalents (238) 591 (456)
Cash and cash equivalents at the end of the year kr 12,653 kr 10,719 kr 12,226