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Royal Unibrew A/S










Financial Health of Royal Unibrew A/S




Comparing to competitors in the Beverages-Brewers industry




  Industry Rankings  


Royal Unibrew A/S
Buy, Hold or Sell?

Should you buy, hold or sell Royal Unibrew A/S?

I guess you are interested in Royal Unibrew A/S. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Royal Unibrew A/S

Let's start. I'm going to help you getting a better view of Royal Unibrew A/S. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Royal Unibrew A/S even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Royal Unibrew A/S is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Royal Unibrew A/S. The closing price on 2022-12-02 was kr500.00 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Royal Unibrew A/S Daily Candlestick Chart

Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

1.1. Profitability of Royal Unibrew A/S.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Royal Unibrew A/S earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Royal Unibrew A/S to the Beverages-Brewers industry mean.
  • A Net Profit Margin of 11.6% means that kr0.12 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Royal Unibrew A/S:

  • The MRQ is 11.6%. The company is making a huge profit. +2
  • The TTM is 13.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ11.6%TTM13.1%-1.5%
TTM13.1%YOY15.4%-2.3%
TTM13.1%5Y14.2%-1.2%
5Y14.2%10Y12.7%+1.6%
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ11.6%9.2%+2.4%
TTM13.1%5.7%+7.4%
YOY15.4%4.1%+11.3%
5Y14.2%3.4%+10.8%
10Y12.7%4.1%+8.6%
1.1.2. Return on Assets

Shows how efficient Royal Unibrew A/S is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Royal Unibrew A/S to the Beverages-Brewers industry mean.
  • 2.6% Return on Assets means that Royal Unibrew A/S generated kr0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Royal Unibrew A/S:

  • The MRQ is 2.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.6%TTM2.8%-0.2%
TTM2.8%YOY3.4%-0.6%
TTM2.8%5Y3.3%-0.4%
5Y3.3%10Y3.0%+0.3%
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6%0.9%+1.7%
TTM2.8%0.8%+2.0%
YOY3.4%0.8%+2.6%
5Y3.3%0.6%+2.7%
10Y3.0%0.9%+2.1%
1.1.3. Return on Equity

Shows how efficient Royal Unibrew A/S is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Royal Unibrew A/S to the Beverages-Brewers industry mean.
  • 7.7% Return on Equity means Royal Unibrew A/S generated kr0.08 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Royal Unibrew A/S:

  • The MRQ is 7.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.7%TTM9.0%-1.3%
TTM9.0%YOY10.3%-1.3%
TTM9.0%5Y9.5%-0.5%
5Y9.5%10Y8.1%+1.4%
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ7.7%2.6%+5.1%
TTM9.0%2.1%+6.9%
YOY10.3%2.3%+8.0%
5Y9.5%2.0%+7.5%
10Y8.1%1.9%+6.2%

1.2. Operating Efficiency of Royal Unibrew A/S.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Royal Unibrew A/S is operating .

  • Measures how much profit Royal Unibrew A/S makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Royal Unibrew A/S to the Beverages-Brewers industry mean.
  • An Operating Margin of 14.9% means the company generated kr0.15  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Royal Unibrew A/S:

  • The MRQ is 14.9%. The company is operating less efficient.
  • The TTM is 13.5%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ14.9%TTM13.5%+1.4%
TTM13.5%YOY19.0%-5.5%
TTM13.5%5Y17.0%-3.5%
5Y17.0%10Y15.8%+1.2%
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ14.9%11.5%+3.4%
TTM13.5%7.8%+5.7%
YOY19.0%8.5%+10.5%
5Y17.0%7.0%+10.0%
10Y15.8%6.3%+9.5%
1.2.2. Operating Ratio

Measures how efficient Royal Unibrew A/S is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Beverages-Brewers industry mean).
  • An Operation Ratio of 1.43 means that the operating costs are kr1.43 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Royal Unibrew A/S:

  • The MRQ is 1.430. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.146. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.430TTM1.146+0.284
TTM1.146YOY0.810+0.336
TTM1.1465Y0.880+0.266
5Y0.88010Y0.869+0.011
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4301.410+0.020
TTM1.1461.362-0.216
YOY0.8101.219-0.409
5Y0.8801.038-0.158
10Y0.8690.895-0.026

1.3. Liquidity of Royal Unibrew A/S.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Royal Unibrew A/S is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Beverages-Brewers industry mean).
  • A Current Ratio of 0.56 means the company has kr0.56 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Royal Unibrew A/S:

  • The MRQ is 0.564. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.574. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.564TTM0.574-0.011
TTM0.574YOY0.557+0.018
TTM0.5745Y0.583-0.009
5Y0.58310Y0.619-0.036
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5641.037-0.473
TTM0.5741.097-0.523
YOY0.5571.050-0.493
5Y0.5831.102-0.519
10Y0.6190.777-0.158
1.3.2. Quick Ratio

Measures if Royal Unibrew A/S is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Royal Unibrew A/S to the Beverages-Brewers industry mean.
  • A Quick Ratio of 0.28 means the company can pay off kr0.28 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Royal Unibrew A/S:

  • The MRQ is 0.282. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.323. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.282TTM0.323-0.042
TTM0.323YOY0.332-0.009
TTM0.3235Y0.362-0.039
5Y0.36210Y0.409-0.047
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2820.397-0.115
TTM0.3230.338-0.015
YOY0.3320.334-0.002
5Y0.3620.358+0.004
10Y0.4090.367+0.042

1.4. Solvency of Royal Unibrew A/S.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Royal Unibrew A/S assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Royal Unibrew A/S to Beverages-Brewers industry mean.
  • A Debt to Asset Ratio of 0.66 means that Royal Unibrew A/S assets are financed with 66.0% credit (debt) and the remaining percentage (100% - 66.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Royal Unibrew A/S:

  • The MRQ is 0.660. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.685. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.660TTM0.685-0.024
TTM0.685YOY0.648+0.036
TTM0.6855Y0.649+0.036
5Y0.64910Y0.619+0.029
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6600.518+0.142
TTM0.6850.521+0.164
YOY0.6480.523+0.125
5Y0.6490.510+0.139
10Y0.6190.490+0.129
1.4.2. Debt to Equity Ratio

Measures if Royal Unibrew A/S is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Royal Unibrew A/S to the Beverages-Brewers industry mean.
  • A Debt to Equity ratio of 194.3% means that company has kr1.94 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Royal Unibrew A/S:

  • The MRQ is 1.943. The company is just able to pay all its debts with equity.
  • The TTM is 2.180. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.943TTM2.180-0.237
TTM2.180YOY1.895+0.285
TTM2.1805Y1.883+0.298
5Y1.88310Y1.689+0.193
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9431.069+0.874
TTM2.1801.088+1.092
YOY1.8951.140+0.755
5Y1.8831.136+0.747
10Y1.6891.055+0.634

2. Market Valuation of Royal Unibrew A/S

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Royal Unibrew A/S generates.

  • Above 15 is considered overpriced but always compare Royal Unibrew A/S to the Beverages-Brewers industry mean.
  • A PE ratio of 64.46 means the investor is paying kr64.46 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Royal Unibrew A/S:

  • The EOD is 65.122. Neutral. Compare to industry.
  • The MRQ is 64.458. Neutral. Compare to industry.
  • The TTM is 116.920. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD65.122MRQ64.458+0.664
MRQ64.458TTM116.920-52.462
TTM116.920YOY129.391-12.471
TTM116.9205Y113.012+3.908
5Y113.01210Y259.613-146.601
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
EOD65.12257.410+7.712
MRQ64.45863.146+1.312
TTM116.92069.796+47.124
YOY129.39177.115+52.276
5Y113.01258.320+54.692
10Y259.61347.510+212.103
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Royal Unibrew A/S.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Royal Unibrew A/S:

  • The MRQ is -62.809. Very Bad. -2
  • The TTM is -143.798. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ-62.809TTM-143.798+80.989
TTM-143.798YOY-5.670-138.129
TTM-143.7985Y-424.300+280.501
5Y-424.30010Y-5.483-418.817
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ-62.8090.580-63.389
TTM-143.7980.029-143.827
YOY-5.6700.204-5.874
5Y-424.3000.167-424.467
10Y-5.4830.167-5.650

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Royal Unibrew A/S is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Beverages-Brewers industry mean).
  • A PB ratio of 4.99 means the investor is paying kr4.99 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Royal Unibrew A/S:

  • The EOD is 5.044. Seems overpriced? -1
  • The MRQ is 4.993. Neutral. Compare to industry.
  • The TTM is 7.968. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD5.044MRQ4.993+0.051
MRQ4.993TTM7.968-2.976
TTM7.968YOY11.464-3.495
TTM7.9685Y9.047-1.078
5Y9.04710Y10.884-1.837
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
EOD5.0441.629+3.415
MRQ4.9931.603+3.390
TTM7.9681.887+6.081
YOY11.4641.740+9.724
5Y9.0471.704+7.343
10Y10.8841.476+9.408
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Royal Unibrew A/S compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--6.9528.237-16%-0.574+108%2.287+204%1.858+274%
Book Value Growth--0.8680.8710%0.856+1%0.862+1%0.862+1%
Book Value Per Share--99.12782.003+21%64.612+53%64.821+53%55.858+77%
Book Value Per Share Growth--0.0700.091-23%-0.013+119%0.026+166%0.030+137%
Current Ratio--0.5640.574-2%0.557+1%0.583-3%0.619-9%
Debt To Asset Ratio--0.6600.685-4%0.648+2%0.649+2%0.619+7%
Debt To Equity Ratio--1.9432.180-11%1.895+3%1.883+3%1.689+15%
Dividend Per Share--0.3227.078-95%9.905-97%8.655-96%6.486-95%
Dividend Per Share Growth---42.250-10.114-76%-163.978+288%-38.617-9%-22.324-47%
Eps--7.6787.743-1%6.514+18%6.151+25%4.666+65%
Eps Growth---1.026-0.445-57%-0.158-85%-0.176-83%-0.386-62%
Gross Profit Margin--1.000-0.711+171%-0.810+181%-1.044+204%-2.424+342%
Net Profit Margin--0.1160.131-12%0.154-25%0.142-19%0.127-9%
Operating Margin--0.1490.135+10%0.190-22%0.170-12%0.158-6%
Operating Ratio--1.4301.146+25%0.810+77%0.880+62%0.869+65%
Pb Ratio5.044+1%4.9937.968-37%11.464-56%9.047-45%10.884-54%
Pe Ratio65.122+1%64.458116.920-45%129.391-50%113.012-43%259.613-75%
Peg Ratio---62.809-143.798+129%-5.670-91%-424.300+576%-5.483-91%
Price Per Share500.000+1%494.900623.225-21%735.700-33%576.835-14%558.875-11%
Price To Total Gains Ratio68.730+1%68.029176.354-61%95.823-29%96.513-30%176.678-61%
Profit Growth--71.26879.539-10%83.580-15%83.280-14%80.610-12%
Quick Ratio--0.2820.323-13%0.332-15%0.362-22%0.409-31%
Return On Assets--0.0260.028-7%0.034-23%0.033-19%0.030-12%
Return On Equity--0.0770.090-14%0.103-25%0.095-18%0.081-5%
Revenue Growth--0.8620.866-1%0.857+1%0.860+0%0.860+0%
Total Gains Per Share--7.27515.315-52%9.330-22%10.942-34%8.344-13%
Total Gains Per Share Growth---4.053-1.963-52%-0.274-93%-0.631-84%-0.970-76%
Usd Book Value--697514200.000577019650.000+21%454646250.000+53%458714690.520+52%404983752.985+72%
Usd Book Value Change Per Share--0.9861.168-16%-0.081+108%0.324+204%0.263+274%
Usd Book Value Per Share--14.05611.628+21%9.162+53%9.192+53%7.921+77%
Usd Dividend Per Share--0.0461.004-95%1.404-97%1.227-96%0.920-95%
Usd Eps--1.0891.098-1%0.924+18%0.872+25%0.662+65%
Usd Price Per Share70.900+1%70.17788.373-21%104.322-33%81.795-14%79.248-11%
Usd Profit--54025800.00054522100.000-1%45836850.000+18%43500829.710+24%33587850.495+61%
Usd Revenue--467372800.000392644200.000+19%286152400.000+63%293753362.120+59%248043309.680+88%
Usd Total Gains Per Share--1.0322.172-52%1.323-22%1.552-34%1.183-13%
 EOD+2 -3MRQTTM+11 -25YOY+19 -175Y+16 -2010Y+17 -19

3.2. Fundamental Score

Let's check the fundamental score of Royal Unibrew A/S based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1565.122
Price to Book Ratio (EOD)Between0-15.044
Net Profit Margin (MRQ)Greater than00.116
Operating Margin (MRQ)Greater than00.149
Quick Ratio (MRQ)Greater than10.282
Current Ratio (MRQ)Greater than10.564
Debt to Asset Ratio (MRQ)Less than10.660
Debt to Equity Ratio (MRQ)Less than11.943
Return on Equity (MRQ)Greater than0.150.077
Return on Assets (MRQ)Greater than0.050.026
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Royal Unibrew A/S based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5064.353
Ma 20Greater thanMa 50475.210
Ma 50Greater thanMa 100468.786
Ma 100Greater thanMa 200525.603
OpenGreater thanClose490.000
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in DKK. All numbers in thousands.

Summary
Total Assets14,479,000
Total Liabilities9,560,000
Total Stockholder Equity4,919,000
 As reported
Total Liabilities 9,560,000
Total Stockholder Equity+ 4,919,000
Total Assets = 14,479,000

Assets

Total Assets14,479,000
Total Current Assets3,116,000
Long-term Assets3,116,000
Total Current Assets
Cash And Cash Equivalents 176,000
Net Receivables 1,557,000
Inventory 1,260,000
Total Current Assets  (as reported)3,116,000
Total Current Assets  (calculated)2,993,000
+/- 123,000
Long-term Assets
Property Plant Equipment 3,608,000
Long-term Assets  (as reported)11,363,000
Long-term Assets  (calculated)3,608,000
+/- 7,755,000

Liabilities & Shareholders' Equity

Total Current Liabilities5,526,000
Long-term Liabilities4,034,000
Total Stockholder Equity4,919,000
Total Current Liabilities
Short Long Term Debt 1,575,000
Accounts payable 2,035,000
Other Current Liabilities 1,916,000
Total Current Liabilities  (as reported)5,526,000
Total Current Liabilities  (calculated)5,526,000
+/-0
Long-term Liabilities
Long term Debt 2,965,000
Other Liabilities 1,069,000
Long-term Liabilities  (as reported)4,034,000
Long-term Liabilities  (calculated)4,034,000
+/-0
Total Stockholder Equity
Common Stock100,000
Retained Earnings 3,322,000
Other Stockholders Equity 1,497,000
Total Stockholder Equity (as reported)4,919,000
Total Stockholder Equity (calculated)4,919,000
+/-0
Other
Capital Stock100,000
Common Stock Shares Outstanding 49,623
Net Debt 4,364,000
Net Invested Capital 9,459,000
Net Tangible Assets -2,662,000
Net Working Capital -2,410,000



Balance Sheet

Currency in DKK. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-30
> Total Assets 
633,974
2,412,132
532,809
2,442,192
2,932,245
2,511,118
2,608,130
2,448,107
2,516,924
2,586,924
2,708,563
2,543,647
2,665,059
3,154,709
3,170,362
3,217,813
3,087,154
3,317,563
3,303,376
3,413,626
3,230,156
3,927,942
3,996,791
3,781,293
3,866,287
4,285,147
4,222,365
4,051,408
4,016,503
4,086,608
3,769,168
3,489,654
3,335,682
3,404,026
3,197,445
3,056,840
3,098,403
3,206,743
3,015,773
2,890,328
3,030,871
3,101,079
3,062,659
2,848,104
2,872,824
3,058,196
7,235,249
6,924,512
6,994,526
7,282,427
7,067,760
7,023,838
6,768,122
6,910,296
6,728,490
6,747,527
6,505,550
6,531,480
6,260,110
6,076,001
6,294,377
6,405,013
6,129,639
6,778,408
7,347,350
7,445,315
8,161,315
8,061,660
8,734,739
8,906,830
8,594,099
8,492,540
0
8,837,000
8,390,000
8,306,000
8,618,000
9,101,000
10,836,000
10,914,000
11,335,000
14,651,000
14,479,000
14,479,00014,651,00011,335,00010,914,00010,836,0009,101,0008,618,0008,306,0008,390,0008,837,00008,492,5408,594,0998,906,8308,734,7398,061,6608,161,3157,445,3157,347,3506,778,4086,129,6396,405,0136,294,3776,076,0016,260,1106,531,4806,505,5506,747,5276,728,4906,910,2966,768,1227,023,8387,067,7607,282,4276,994,5266,924,5127,235,2493,058,1962,872,8242,848,1043,062,6593,101,0793,030,8712,890,3283,015,7733,206,7433,098,4033,056,8403,197,4453,404,0263,335,6823,489,6543,769,1684,086,6084,016,5034,051,4084,222,3654,285,1473,866,2873,781,2933,996,7913,927,9423,230,1563,413,6263,303,3763,317,5633,087,1543,217,8133,170,3623,154,7092,665,0592,543,6472,708,5632,586,9242,516,9242,448,1072,608,1302,511,1182,932,2452,442,192532,8092,412,132633,974
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
815,562
882,445
993,144
813,765
681,746
699,757
853,962
715,928
599,521
730,457
809,739
896,216
856,093
900,718
985,033
1,309,156
1,114,921
1,195,005
1,538,081
1,415,618
1,359,825
1,127,498
1,357,805
1,223,834
1,242,045
1,205,171
1,275,030
1,044,395
895,654
1,156,755
1,256,587
1,014,273
1,657,262
1,437,953
1,525,803
1,407,921
1,287,147
1,609,737
1,807,979
1,504,980
1,329,993
1,448,142
1,863,000
1,450,000
1,291,000
1,587,000
1,978,000
2,245,000
2,143,000
2,555,000
3,508,000
3,116,000
3,116,0003,508,0002,555,0002,143,0002,245,0001,978,0001,587,0001,291,0001,450,0001,863,0001,448,1421,329,9931,504,9801,807,9791,609,7371,287,1471,407,9211,525,8031,437,9531,657,2621,014,2731,256,5871,156,755895,6541,044,3951,275,0301,205,1711,242,0451,223,8341,357,8051,127,4981,359,8251,415,6181,538,0811,195,0051,114,9211,309,156985,033900,718856,093896,216809,739730,457599,521715,928853,962699,757681,746813,765993,144882,445815,5620000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
92,474
56,599
64,426
104,874
37,391
33,156
54,597
48,320
18,773
29,776
37,591
196,558
273,775
192,863
153,070
220,221
243,962
83,596
315,933
449,283
491,453
41,469
126,922
200,125
333,185
40,030
12,378
43,749
6,917
30,488
15,044
10,616
684,626
72,624
94,399
139,607
145,151
139,457
89,135
115,016
71,985
0
223,000
117,000
81,000
57,000
50,000
199,000
86,000
97,000
186,000
176,000
176,000186,00097,00086,000199,00050,00057,00081,000117,000223,000071,985115,01689,135139,457145,151139,60794,39972,624684,62610,61615,04430,4886,91743,74912,37840,030333,185200,125126,92241,469491,453449,283315,93383,596243,962220,221153,070192,863273,775196,55837,59129,77618,77348,32054,59733,15637,391104,87464,42656,59992,4740000000000000000000000000000000
       Net Receivables 
0
483,214
0
418,116
645,517
375,124
545,436
401,708
483,361
533,924
463,580
388,136
434,660
577,687
434,494
425,192
431,402
599,876
506,437
480,916
485,662
730,490
689,919
642,894
608,046
843,522
655,516
656,253
622,988
784,018
560,645
431,079
511,096
629,392
456,769
434,920
425,302
554,993
444,090
394,410
478,482
504,388
467,956
387,723
481,362
606,490
671,936
517,478
694,820
786,694
579,101
536,320
712,344
806,954
609,669
570,438
748,986
838,281
602,579
534,116
688,221
805,573
596,343
603,605
890,628
957,154
747,418
666,478
876,077
1,124,574
804,631
735,864
739,153
1,061,000
763,000
639,000
879,000
1,223,000
1,155,000
1,188,000
1,388,000
2,018,000
1,557,000
1,557,0002,018,0001,388,0001,188,0001,155,0001,223,000879,000639,000763,0001,061,000739,153735,864804,6311,124,574876,077666,478747,418957,154890,628603,605596,343805,573688,221534,116602,579838,281748,986570,438609,669806,954712,344536,320579,101786,694694,820517,478671,936606,490481,362387,723467,956504,388478,482394,410444,090554,993425,302434,920456,769629,392511,096431,079560,645784,018622,988656,253655,516843,522608,046642,894689,919730,490485,662480,916506,437599,876431,402425,192434,494577,687434,660388,136463,580533,924483,361401,708545,436375,124645,517418,1160483,2140
       Other Current Assets 
0
23,611
0
24,125
22,063
29,958
39,075
36,625
37,758
42,614
39,743
37,383
68,200
73,840
65,685
71,599
71,257
71,988
69,093
72,763
60,879
91,343
57,988
31,435
39,030
52,601
86,769
147,191
167,004
113,763
71,866
484,964
562,010
653,574
475,110
457,211
441,104
567,669
456,111
407,601
486,770
511,822
474,481
401,976
490,014
616,926
691,009
540,500
715,881
807,018
596,908
556,331
735,547
832,253
629,750
592,152
792,070
855,618
617,447
552,793
720,108
846,229
637,096
637,298
928,315
994,872
778,107
702,320
921,782
1,174,541
863,596
795,335
0
1,127,000
826,000
693,000
944,000
1,293,000
1,247,000
1,277,000
1,498,000
0
0
001,498,0001,277,0001,247,0001,293,000944,000693,000826,0001,127,0000795,335863,5961,174,541921,782702,320778,107994,872928,315637,298637,096846,229720,108552,793617,447855,618792,070592,152629,750832,253735,547556,331596,908807,018715,881540,500691,009616,926490,014401,976474,481511,822486,770407,601456,111567,669441,104457,211475,110653,574562,010484,96471,866113,763167,004147,19186,76952,60139,03031,43557,98891,34360,87972,76369,09371,98871,25771,59965,68573,84068,20037,38339,74342,61437,75836,62539,07529,95822,06324,125023,6110
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,674,092
2,453,237
2,410,882
2,383,680
2,375,094
2,398,646
2,352,781
2,299,845
2,290,807
2,300,414
2,291,340
2,166,443
1,992,011
1,972,106
2,073,163
5,926,093
5,809,591
5,799,521
5,744,346
5,652,142
5,664,013
5,640,624
5,552,491
5,504,656
5,505,482
5,300,379
5,256,450
5,215,715
5,180,347
5,137,622
5,148,426
5,115,366
5,121,146
5,909,397
5,919,512
6,753,394
6,774,513
7,125,002
7,098,851
7,089,119
7,162,547
0
6,974,000
6,940,000
7,015,000
7,031,000
7,123,000
8,591,000
8,771,000
8,780,000
11,143,000
11,363,000
11,363,00011,143,0008,780,0008,771,0008,591,0007,123,0007,031,0007,015,0006,940,0006,974,00007,162,5477,089,1197,098,8517,125,0026,774,5136,753,3945,919,5125,909,3975,121,1465,115,3665,148,4265,137,6225,180,3475,215,7155,256,4505,300,3795,505,4825,504,6565,552,4915,640,6245,664,0135,652,1425,744,3465,799,5215,809,5915,926,0932,073,1631,972,1061,992,0112,166,4432,291,3402,300,4142,290,8072,299,8452,352,7812,398,6462,375,0942,383,6802,410,8822,453,2372,674,0920000000000000000000000000000000
       Property Plant Equipment 
0
1,498,211
0
1,590,876
1,501,619
1,383,865
1,340,135
1,282,441
1,300,403
1,309,106
1,335,632
1,307,670
1,283,375
1,438,408
1,422,907
1,420,396
1,404,396
1,390,570
1,370,493
1,426,857
1,424,172
1,608,327
1,646,578
1,557,021
1,683,970
1,769,670
1,853,315
2,079,438
2,130,992
2,105,013
2,056,614
2,013,656
1,868,185
1,825,243
1,794,368
1,771,645
1,669,425
1,646,649
1,612,466
1,601,274
1,599,019
1,597,642
1,450,618
1,479,341
1,473,177
1,573,242
2,803,411
2,708,941
2,697,217
2,661,042
2,548,163
2,569,749
2,545,443
2,476,156
2,439,730
2,438,224
2,253,097
2,218,405
2,169,590
2,142,174
2,117,630
2,143,079
2,108,243
2,121,551
2,378,242
2,365,632
2,487,279
2,529,777
2,518,079
2,491,894
2,473,230
2,500,948
2,490,626
2,410,000
2,385,000
2,455,000
2,479,000
2,556,000
2,602,000
2,734,000
2,766,000
3,532,000
3,608,000
3,608,0003,532,0002,766,0002,734,0002,602,0002,556,0002,479,0002,455,0002,385,0002,410,0002,490,6262,500,9482,473,2302,491,8942,518,0792,529,7772,487,2792,365,6322,378,2422,121,5512,108,2432,143,0792,117,6302,142,1742,169,5902,218,4052,253,0972,438,2242,439,7302,476,1562,545,4432,569,7492,548,1632,661,0422,697,2172,708,9412,803,4111,573,2421,473,1771,479,3411,450,6181,597,6421,599,0191,601,2741,612,4661,646,6491,669,4251,771,6451,794,3681,825,2431,868,1852,013,6562,056,6142,105,0132,130,9922,079,4381,853,3151,769,6701,683,9701,557,0211,646,5781,608,3271,424,1721,426,8571,370,4931,390,5701,404,3961,420,3961,422,9071,438,4081,283,3751,307,6701,335,6321,309,1061,300,4031,282,4411,340,1351,383,8651,501,6191,590,87601,498,2110
       Goodwill 
0
0
0
0
263,457
250,582
243,676
257,133
262,122
280,367
361,703
0
277,265
287,410
291,088
290,094
297,909
318,470
320,681
323,398
322,730
408,175
421,809
487,861
489,815
506,597
510,116
311,275
313,937
314,851
311,584
307,524
263,508
264,209
263,919
263,982
263,848
263,755
263,618
263,733
263,768
263,974
264,585
244,882
244,530
244,552
1,405,119
1,430,378
1,431,483
1,429,914
1,451,837
1,451,828
1,457,224
1,455,697
1,455,273
1,455,776
1,453,137
1,450,621
1,452,537
1,449,465
1,450,115
1,449,684
1,450,714
1,451,150
1,760,399
1,760,591
2,106,376
2,124,891
2,284,659
2,288,995
2,288,901
2,335,120
0
2,287,000
2,285,000
2,283,000
2,283,000
0
0
3,031,000
0
0
0
0003,031,000002,283,0002,283,0002,285,0002,287,00002,335,1202,288,9012,288,9952,284,6592,124,8912,106,3761,760,5911,760,3991,451,1501,450,7141,449,6841,450,1151,449,4651,452,5371,450,6211,453,1371,455,7761,455,2731,455,6971,457,2241,451,8281,451,8371,429,9141,431,4831,430,3781,405,119244,552244,530244,882264,585263,974263,768263,733263,618263,755263,848263,982263,919264,209263,508307,524311,584314,851313,937311,275510,116506,597489,815487,861421,809408,175322,730323,398320,681318,470297,909290,094291,088287,410277,2650361,703280,367262,122257,133243,676250,582263,4570000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
151,712
141,030
133,483
139,563
135,649
126,234
133,748
132,627
132,195
133,852
136,488
136,942
137,645
0
0
0
0
0
0
0
0
0
0
0
00000000000137,645136,942136,488133,852132,195132,627133,748126,234135,649139,563133,483141,030151,71200000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
263,457
250,582
243,676
257,133
262,122
280,367
361,703
356,803
401,769
472,042
477,511
478,193
482,615
501,336
503,807
507,488
507,874
718,130
746,703
774,736
784,407
798,429
808,912
486,346
488,305
488,499
483,948
166,193
139,797
138,823
138,453
402,142
125,376
125,041
129,421
391,094
126,525
390,164
390,702
125,741
125,320
125,164
1,576,349
1,513,664
1,513,326
1,504,733
1,495,757
1,489,419
1,488,170
1,480,045
1,473,409
1,464,386
1,455,724
1,448,463
1,444,354
1,434,656
2,878,962
1,422,180
1,416,846
1,410,916
1,644,522
1,659,541
2,027,112
1,982,994
2,188,412
2,181,474
2,190,046
2,180,982
0
2,145,000
2,134,000
2,125,000
2,118,000
0
0
2,830,000
0
0
0
0002,830,000002,118,0002,125,0002,134,0002,145,00002,180,9822,190,0462,181,4742,188,4121,982,9942,027,1121,659,5411,644,5221,410,9161,416,8461,422,1802,878,9621,434,6561,444,3541,448,4631,455,7241,464,3861,473,4091,480,0451,488,1701,489,4191,495,7571,504,7331,513,3261,513,6641,576,349125,164125,320125,741390,702390,164126,525391,094129,421125,041125,376402,142138,453138,823139,797166,193483,948488,499488,305486,346808,912798,429784,407774,736746,703718,130507,874507,488503,807501,336482,615478,193477,511472,042401,769356,803361,703280,367262,122257,133243,676250,582263,4570000
       Other Assets 
0
102,477
0
87,798
409,561
401,762
376,956
397,057
394,176
403,336
487,959
494,952
537,492
703,958
740,341
734,234
735,461
754,192
766,106
788,150
783,465
999,689
1,010,496
1,040,518
1,052,345
1,069,967
1,083,445
663,469
668,920
642,448
652,233
660,436
585,052
585,639
589,312
603,449
729,221
706,132
687,379
689,533
701,395
693,698
715,825
512,670
498,929
499,921
3,122,682
3,100,650
3,102,304
3,083,304
3,103,979
3,094,264
3,095,181
3,076,335
3,064,926
3,067,258
3,047,282
3,038,045
3,046,125
3,038,173
3,019,992
3,005,347
3,007,123
2,999,595
3,531,155
3,553,880
4,266,115
4,657
0
0
0
7,854
0
0
0
9,000
0
0
0
9,000
0
0
0
0009,0000009,0000007,8540004,6574,266,1153,553,8803,531,1552,999,5953,007,1233,005,3473,019,9923,038,1733,046,1253,038,0453,047,2823,067,2583,064,9263,076,3353,095,1813,094,2643,103,9793,083,3043,102,3043,100,6503,122,682499,921498,929512,670715,825693,698701,395689,533687,379706,132729,221603,449589,312585,639585,052660,436652,233642,448668,920663,4691,083,4451,069,9671,052,3451,040,5181,010,496999,689783,465788,150766,106754,192735,461734,234740,341703,958537,492494,952487,959403,336394,176397,057376,956401,762409,56187,7980102,4770
> Total Liabilities 
292,177
1,679,051
148,800
1,751,889
1,975,209
1,524,218
1,594,834
1,441,132
1,557,615
1,627,491
1,658,820
1,457,753
1,587,409
2,076,557
2,016,729
2,046,451
1,986,316
2,229,626
2,165,327
2,265,505
2,162,621
2,824,020
2,840,140
2,661,830
2,875,857
3,244,360
3,163,446
3,476,580
3,494,277
3,533,233
3,157,933
2,494,540
2,370,446
2,374,783
2,027,310
1,776,321
1,774,481
1,949,455
1,718,977
1,569,143
1,698,828
1,877,417
1,727,155
1,500,509
1,534,759
1,781,371
5,210,057
4,791,535
4,837,891
4,842,694
4,350,529
4,205,487
3,867,937
4,186,740
3,832,396
3,812,722
3,560,929
3,819,334
3,365,016
3,164,624
3,359,320
3,768,481
3,329,705
3,964,257
4,556,569
4,891,021
5,384,830
5,153,504
5,734,155
6,244,100
5,660,444
5,386,044
0
5,292,000
4,992,000
4,974,000
5,298,000
6,212,000
7,552,000
7,572,000
7,893,000
10,077,000
9,560,000
9,560,00010,077,0007,893,0007,572,0007,552,0006,212,0005,298,0004,974,0004,992,0005,292,00005,386,0445,660,4446,244,1005,734,1555,153,5045,384,8304,891,0214,556,5693,964,2573,329,7053,768,4813,359,3203,164,6243,365,0163,819,3343,560,9293,812,7223,832,3964,186,7403,867,9374,205,4874,350,5294,842,6944,837,8914,791,5355,210,0571,781,3711,534,7591,500,5091,727,1551,877,4171,698,8281,569,1431,718,9771,949,4551,774,4811,776,3212,027,3102,374,7832,370,4462,494,5403,157,9333,533,2333,494,2773,476,5803,163,4463,244,3602,875,8572,661,8302,840,1402,824,0202,162,6212,265,5052,165,3272,229,6261,986,3162,046,4512,016,7292,076,5571,587,4091,457,7531,658,8201,627,4911,557,6151,441,1321,594,8341,524,2181,975,2091,751,889148,8001,679,051292,177
   > Total Current Liabilities 
0
672,772
0
615,967
901,551
649,082
613,829
523,024
678,003
735,067
733,156
545,668
770,754
1,277,756
781,337
749,044
713,525
905,487
795,177
893,870
921,586
1,322,968
1,322,734
994,101
985,332
1,346,114
1,241,853
1,593,659
947,061
1,127,227
953,047
813,892
909,865
1,131,477
1,093,045
998,112
996,208
1,168,698
935,483
785,605
912,707
1,108,317
989,286
754,913
787,028
1,022,231
2,610,051
2,471,613
2,178,223
2,413,567
1,959,183
1,877,085
1,746,655
2,148,875
1,943,724
1,961,162
2,078,532
2,481,172
1,964,545
1,929,731
1,870,928
2,319,835
2,079,810
2,333,559
2,375,852
2,817,628
3,317,886
2,001,762
2,495,077
3,068,182
2,798,329
2,580,817
2,236,003
2,611,000
2,535,000
2,244,000
2,559,000
3,825,000
4,361,000
3,801,000
4,145,000
6,338,000
5,526,000
5,526,0006,338,0004,145,0003,801,0004,361,0003,825,0002,559,0002,244,0002,535,0002,611,0002,236,0032,580,8172,798,3293,068,1822,495,0772,001,7623,317,8862,817,6282,375,8522,333,5592,079,8102,319,8351,870,9281,929,7311,964,5452,481,1722,078,5321,961,1621,943,7242,148,8751,746,6551,877,0851,959,1832,413,5672,178,2232,471,6132,610,0511,022,231787,028754,913989,2861,108,317912,707785,605935,4831,168,698996,208998,1121,093,0451,131,477909,865813,892953,0471,127,227947,0611,593,6591,241,8531,346,114985,332994,1011,322,7341,322,968921,586893,870795,177905,487713,525749,044781,3371,277,756770,754545,668733,156735,067678,003523,024613,829649,082901,551615,9670672,7720
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
62,983
211,433
253,014
195,100
49,950
55,613
68,972
68,117
133,368
2,644
3,055
2,874
752,667
778,137
535,078
402,591
121,808
172,129
90,648
139,241
25,996
55,137
200,666
318,971
81,286
138,736
73,552
114,471
213,541
420,089
559,198
424,753
1,058,427
101,955
626,936
548,059
574,806
622,795
0
251,000
94,000
150,000
364,000
855,000
1,138,000
624,000
1,150,000
0
0
001,150,000624,0001,138,000855,000364,000150,00094,000251,0000622,795574,806548,059626,936101,9551,058,427424,753559,198420,089213,541114,47173,552138,73681,286318,971200,66655,13725,996139,24190,648172,129121,808402,591535,078778,137752,6672,8743,0552,644133,36868,11768,97255,61349,950195,100253,014211,43362,9830000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
997,956
1,172,341
1,172,650
213,541
420,089
559,198
424,753
1,058,427
44,468
626,936
548,059
574,806
622,795
0
251,000
94,000
150,000
364,000
855,000
1,138,000
624,000
1,150,000
1,878,000
1,575,000
1,575,0001,878,0001,150,000624,0001,138,000855,000364,000150,00094,000251,0000622,795574,806548,059626,93644,4681,058,427424,753559,198420,089213,5411,172,6501,172,341997,95600000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
162,627
0
173,186
285,261
148,359
230,514
170,727
191,659
263,443
182,088
230,675
203,456
319,162
230,918
278,839
223,382
338,251
259,617
344,338
379,750
559,023
421,432
350,407
387,429
664,210
515,042
523,175
406,282
569,426
473,352
419,381
463,869
605,079
525,764
429,501
442,260
571,920
488,736
397,795
475,703
604,466
487,706
430,852
437,523
587,107
851,377
807,486
788,218
986,461
841,933
810,529
756,962
966,673
894,158
913,762
808,104
1,091,052
903,013
858,149
939,386
1,166,105
961,358
1,025,688
878,933
1,223,937
1,226,175
974,930
974,070
1,345,728
1,157,567
1,018,119
1,005,242
1,024,000
1,200,000
1,047,000
1,026,000
1,517,000
1,613,000
1,721,000
1,753,000
2,280,000
2,035,000
2,035,0002,280,0001,753,0001,721,0001,613,0001,517,0001,026,0001,047,0001,200,0001,024,0001,005,2421,018,1191,157,5671,345,728974,070974,9301,226,1751,223,937878,9331,025,688961,3581,166,105939,386858,149903,0131,091,052808,104913,762894,158966,673756,962810,529841,933986,461788,218807,486851,377587,107437,523430,852487,706604,466475,703397,795488,736571,920442,260429,501525,764605,079463,869419,381473,352569,426406,282523,175515,042664,210387,429350,407421,432559,023379,750344,338259,617338,251223,382278,839230,918319,162203,456230,675182,088263,443191,659170,727230,514148,359285,261173,1860162,6270
       Other Current Liabilities 
0
253,619
0
195,281
194,138
263,521
247,610
212,041
226,758
254,289
264,874
176,101
291,160
340,200
325,842
296,990
291,934
321,860
348,521
352,694
317,463
402,925
371,883
414,308
362,450
346,904
397,634
471,149
540,779
557,801
479,695
394,511
445,996
526,398
504,298
357,178
300,934
401,678
396,797
332,197
368,032
435,734
368,212
321,417
346,450
432,250
1,006,007
885,990
854,927
1,024,515
995,442
894,427
899,045
1,042,961
1,023,570
992,263
1,069,762
1,071,149
980,246
932,846
857,990
1,039,259
904,911
887,782
937,721
1,168,938
1,033,284
924,877
894,071
1,174,395
1,065,956
939,903
827,030
1,336,000
1,241,000
1,047,000
1,169,000
1,453,000
1,610,000
1,456,000
1,242,000
2,180,000
1,916,000
1,916,0002,180,0001,242,0001,456,0001,610,0001,453,0001,169,0001,047,0001,241,0001,336,000827,030939,9031,065,9561,174,395894,071924,8771,033,2841,168,938937,721887,782904,9111,039,259857,990932,846980,2461,071,1491,069,762992,2631,023,5701,042,961899,045894,427995,4421,024,515854,927885,9901,006,007432,250346,450321,417368,212435,734368,032332,197396,797401,678300,934357,178504,298526,398445,996394,511479,695557,801540,779471,149397,634346,904362,450414,308371,883402,925317,463352,694348,521321,860291,934296,990325,842340,200291,160176,101264,874254,289226,758212,041247,610263,521194,138195,2810253,6190
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,680,648
1,460,581
1,243,306
934,265
778,209
778,273
780,757
783,494
783,538
786,121
769,100
737,869
745,596
747,731
759,140
2,600,006
2,319,922
2,659,668
2,429,127
2,391,346
2,328,402
2,121,282
2,037,865
1,888,672
1,851,560
1,482,397
1,338,162
1,400,471
1,234,893
1,488,392
1,448,646
1,249,895
1,630,698
2,180,717
2,073,393
2,066,944
3,151,742
3,239,078
3,175,918
2,862,115
2,805,227
0
2,681,000
2,457,000
2,730,000
2,739,000
2,387,000
3,191,000
3,771,000
3,748,000
3,739,000
4,034,000
4,034,0003,739,0003,748,0003,771,0003,191,0002,387,0002,739,0002,730,0002,457,0002,681,00002,805,2272,862,1153,175,9183,239,0783,151,7422,066,9442,073,3932,180,7171,630,6981,249,8951,448,6461,488,3921,234,8931,400,4711,338,1621,482,3971,851,5601,888,6722,037,8652,121,2822,328,4022,391,3462,429,1272,659,6682,319,9222,600,006759,140747,731745,596737,869769,100786,121783,538783,494780,757778,273778,209934,2651,243,3061,460,5811,680,6480000000000000000000000000000000
       Other Liabilities 
0
40,119
0
19,654
0
4,589
0
130,886
91,135
102,953
101,541
100,452
2,222
1,012
1,012
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,398
9,469
12,585
15,708
18,383
21,606
23,119
26,202
9,746
9,081
9,121
12,947
16,959
15,177
17,318
15,194
18,492
21,543
24,713
28,116
5,832
8,748
14,164
1,500
10,765
13,765
13,556
9,273
10,259
10,489
12,960
7,577
447,714
588,723
586,813
679,859
634,619
640,443
651,420
591,589
595,000
598,000
606,000
598,000
574,000
732,000
773,000
789,000
1,015,000
1,069,000
1,069,0001,015,000789,000773,000732,000574,000598,000606,000598,000595,000591,589651,420640,443634,619679,859586,813588,723447,7147,57712,96010,48910,2599,27313,55613,76510,7651,50014,1648,7485,83228,11624,71321,54318,49215,19417,31815,17716,95912,9479,1219,0819,74626,20223,11921,60618,38315,70812,5859,4696,3980000000000000000001,0121,0122,222100,452101,541102,95391,135130,88604,589019,654040,1190
> Total Stockholder Equity
341,797
697,978
384,009
630,035
950,456
979,733
1,009,753
995,837
949,013
949,733
1,038,000
1,074,110
1,064,981
1,066,105
1,140,409
1,160,369
1,090,652
1,076,699
1,125,719
1,135,204
1,054,042
1,078,758
1,115,358
1,080,774
952,927
1,003,475
1,023,579
539,906
486,224
518,093
576,102
957,034
950,563
1,013,621
1,156,539
1,268,810
1,312,259
1,243,538
1,283,972
1,308,316
1,318,661
1,209,523
1,320,485
1,347,595
1,338,065
1,276,825
2,025,192
2,132,977
2,156,635
2,439,733
2,717,231
2,818,351
2,900,185
2,723,556
2,896,094
2,934,805
2,944,621
2,712,146
2,895,094
2,911,377
2,935,057
2,636,532
2,799,934
2,814,151
2,790,781
2,554,294
2,766,580
2,899,073
2,990,111
2,652,407
2,923,982
3,097,047
0
3,526,000
3,367,000
3,308,000
3,296,000
2,876,000
3,271,000
3,330,000
3,431,000
4,574,000
4,919,000
4,919,0004,574,0003,431,0003,330,0003,271,0002,876,0003,296,0003,308,0003,367,0003,526,00003,097,0472,923,9822,652,4072,990,1112,899,0732,766,5802,554,2942,790,7812,814,1512,799,9342,636,5322,935,0572,911,3772,895,0942,712,1462,944,6212,934,8052,896,0942,723,5562,900,1852,818,3512,717,2312,439,7332,156,6352,132,9772,025,1921,276,8251,338,0651,347,5951,320,4851,209,5231,318,6611,308,3161,283,9721,243,5381,312,2591,268,8101,156,5391,013,621950,563957,034576,102518,093486,224539,9061,023,5791,003,475952,9271,080,7741,115,3581,078,7581,054,0421,135,2041,125,7191,076,6991,090,6521,160,3691,140,4091,066,1051,064,9811,074,1101,038,000949,733949,013995,8371,009,753979,733950,456630,035384,009697,978341,797
   Common Stock
0
62,815
0
62,815
0
65,635
0
65,635
65,635
63,700
65,635
63,700
63,700
63,700
63,700
63,700
63,700
61,800
61,800
61,800
61,800
61,800
59,000
59,000
59,000
59,000
56,000
56,000
56,000
56,000
56,000
111,865
111,865
111,865
111,865
111,865
111,865
111,865
111,865
111,865
111,865
105,700
105,700
105,700
105,700
100,900
110,985
110,985
110,985
110,985
110,985
110,985
110,985
110,985
110,985
110,985
110,985
108,200
108,200
108,200
108,200
105,400
105,400
105,400
105,400
102,000
102,000
102,000
102,000
100,200
100,200
100,200
100,200
99,000
99,000
99,000
99,000
98,000
98,000
98,000
98,000
100,000
100,000
100,000100,00098,00098,00098,00098,00099,00099,00099,00099,000100,200100,200100,200100,200102,000102,000102,000102,000105,400105,400105,400105,400108,200108,200108,200108,200110,985110,985110,985110,985110,985110,985110,985110,985110,985110,985110,985100,900105,700105,700105,700105,700111,865111,865111,865111,865111,865111,865111,865111,865111,865111,86556,00056,00056,00056,00056,00059,00059,00059,00059,00061,80061,80061,80061,80061,80063,70063,70063,70063,70063,70063,70065,63563,70065,63565,635065,635062,815062,8150
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
353,211
365,047
339,941
343,051
530,645
422,171
481,807
424,172
599,189
433,316
401,199
357,935
620,247
620,335
423,983
980,168
927,335
935,008
935,674
932,815
1,261,196
1,313,008
894,783
889,354
1,302,484
1,218,053
802,766
814,967
1,231,723
1,240,006
763,916
767,489
1,239,168
1,234,098
746,809
748,846
1,288,882
1,295,368
727,268
729,863
1,356,922
715,334
1,310,000
708,000
1,382,000
1,393,000
717,000
703,000
1,424,000
1,482,000
-41,000
1,497,000
1,497,000-41,0001,482,0001,424,000703,000717,0001,393,0001,382,000708,0001,310,000715,3341,356,922729,863727,2681,295,3681,288,882748,846746,8091,234,0981,239,168767,489763,9161,240,0061,231,723814,967802,7661,218,0531,302,484889,354894,7831,313,0081,261,196932,815935,674935,008927,335980,168423,983620,335620,247357,935401,199433,316599,189424,172481,807422,171530,645343,051339,941365,047353,2110000000000000000000000000000000



Balance Sheet

Currency in DKK. All numbers in thousands.




Cash Flow

Currency in DKK. All numbers in thousands.