(DKKm) | Parent company | |||||
19. Related parties | ||||||
Related parties comprise the Danish State, including companies/institutions over which the Danish State exercises control. Related parties also comprise the Board of Directors, the Management Board and senior employees, see note 8 to the financial statements. As a general rule, transactions with related parties are entered into and settled on market terms or on a cost-recovery basis. The settlement prices for individual types of transaction are set out by law. The table below shows the most significant related party transactions. | ||||||
Income/expense | Balance sheet | Income/expense | Balance sheet | |||
Related party | Relation | Transaction | 2024 | 31 December 2024 | 2023 | 31 December 2023 |
Parties exercising significant influence | ||||||
The Danish State | 100% ownership of Finansiel Stabilitet IPC | Administrative reimbursement via mink-related businesses and loans in rural districts Income from Finance and Appropriation Act | 5 24 | 13 -7 | 1 20 | 1 -8 |
Subsidiaries | ||||||
FS Finans I A/S, Copenhagen Dissolved in 2023 | Subsidiary of Finansiel Stabilitet IPC | Deposits on market terms Management agreement Dowry adjustment | - - - | - - - | -1 1 - | - - - |
FS Finans II A/S, Copenhagen Dissolved in 2023 | Subsidiary of Finansiel Stabilitet IPC | Deposits on market terms Management agreement Dowry adjustment | - - - | - - - | -1 4 3 | - - |
FS Finans III A/S, Copenhagen Dissolved in January 2025 | Subsidiary of Finansiel Stabilitet IPC | Deposits on market terms Management agreement Purchase price adjustment | -50 2 40 | - - - | -55 4 46 | -1,920 1,628 |
FS Finans IV A/S, Copenhagen Dissolved in 2024 | Subsidiary of Finansiel Stabilitet IPC | Deposits on market terms Management agreement | -1 1 | - - | -2 2 | -73 |
FS Finans V A/S, Copenhagen | Subsidiary of Broinstitut I | Deposits on market terms Management agreement | -1 2 | -23 | -1 4 | -20 |
FS Finans VI A/S, Copenhagen | Subsidiary of Broinstitut II | Deposits on market terms Management agreement | -1 2 | -28 | -1 4 | -39 |
FS Ejendomsselskab A/S, Copenhagen | Subsidiary of Finansiel Stabilitet IPC | Deposits on market terms Management agreement | -1 5 | -33 | -1 0 | -44 |
(DKKm) | Group | |||
20. Group overview | ||||
Share capital | Result | Equity | Ownership | |
Finansiel Stabilitet IPC, Copenhagen | 1 | 1,867 | 27,123 | |
Broinstitut I A/S, Copenhagen | 38 | 3 | 40 | 100% |
Broinstitut II A/S, Copenhagen | 10 | -4 | 34 | 100% |
Significant subsidiaries: | ||||
FS Ejendomsselskab A/S, Copenhagen | 2 | 1 | 45 | 100% |
FS Finans III A/S, Copenhagen | 1 | 0 | 1 | 100% |
FS Finans V A/S, Copenhagen | 38 | 3 | 32 | 100% |
FS Finans VI A/S, Copenhagen | 38 | -4 | 34 | 100% |