Group | Parent company | |||
(DKKm) | 2023 | 2022 | 2023 | 2022 |
13. Bonds at fair value etc. | ||||
Listed | 10,712 | 10,245 | 10,712 | 10,245 |
Unlisted | 3 | 3 | 3 | 3 |
Total | 10,715 | 10,248 | 10,715 | 10,248 |
14. Shares, etc. | ||||
Unlisted shares at fair value | 1 | 10 | 1 | 1 |
Total | 1 | 10 | 1 | 1 |
15. Investments in associates | ||||
Cost, beginning of year | 13 | 58 | 13 | 58 |
Disposals | -13 | -45 | -13 | -45 |
Cost, end of year | 0 | 13 | 0 | 13 |
Revaluations and impairment, beginning of year | -5 | -23 | -5 | -23 |
Revaluations and impairment for the year | 0 | 5 | 0 | 5 |
Disposals | 5 | 13 | 5 | 13 |
Revaluations and impairment, end of year | 0 | -5 | 0 | -5 |
Total | 0 | 8 | 0 | 8 |
16. Investment properties | ||||
Investment properties | ||||
Fair value, beginning of year | 12 | 10 | 12 | 10 |
Additions | 0 | 0 | 0 | 0 |
Disposals | 0 | 0 | 0 | 0 |
Value adjustment | -1 | 2 | -1 | 2 |
Fair value, end of year | 11 | 12 | 11 | 12 |
Net income from investment properties amounted to an operating surplus of DKK 0 million (2022: DKK 0 million). Properties are valued by the Group’s own as well as external expert valuers. The value is calculated on the basis of the net return expected and on the basis of the determined rate of return and expected selling price. | ||||
17. Purchase price adjustment (earn-out) | ||||
Beginning of year | 271 | 259 | ||
Additions during the year | 6 | 12 | ||
Disposals during the year | 0 | 0 | ||
End of year | 277 | 271 |