LEGO-Group-Annual-Report-2017.pdf

Jpy sale of 2 months gbp sale of currency 101 2 2

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JPY (sale of currency) 55 11 2 months GBP (sale of currency) 101 2 2 months CZK (purchase of currency) 61 2 2 months Other (purchase of currency) 378 1 2 months Other (sale of currency) 203 7 1 2 months Total forward contracts 971 39 2 USD (sale of currency) 155 13 2 months Total currency options 155 13 Total for which hedge accounting applies 2,149 96 3 Other forecast transaction hedges for which hedge accounting is not applied Options (time value) 1 3 months Total currency options 1 Total for which hedge accounting is not applied 1 Total of forecast transactions 2,149 97 3 The table below shows the fair value of hedging activities specified by hedging instruments and the major currencies 48 Notes The LEGO Group — Annual Report 2017
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2016 (mDKK) Contract amount Positive fair value Negative fair value Period covered Hedging of forecast transactions qualifying for hedge accounting USD (sale of currency) 3,184 2 111 12 months JPY (sale of currency) 421 40 14 months GBP (sale of currency) 799 4 13 12 months Other (purchase of currency) 248 6 11 months Other (sale of currency) 1,221 9 15 12 months Total forward contracts 5,873 55 145 USD (sale of currency) 568 12 9 months Total currency options 568 12 Hedging of balance items qualifying for hedge accounting USD (sale of currency) 604 25 2 months JPY (sale of currency) 148 2 4 2 months GBP (sale of currency) 87 1 2 months CZK (purchase of currency) 94 2 months Other (purchase of currency) 212 2 2 months Other (sale of currency) 337 2 5 2 months Total forward contracts 1,482 4 37 USD (sale of currency) 167 2 months Total currency options 167 Total for which hedge accounting applies 8,090 59 194 Other forecast transaction hedges for which hedge accounting is not applied: Other 24 2 months Total forward contracts 24 Options (time value) 4 18 9 months Total currency options 4 18 Total for which hedge accounting is not applied 24 4 18 Total of forecast transactions 8,114 63 212 Note 27 (continued) 49 Notes The LEGO Group — Annual Report 2017
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Note 28. Cash generated from operations Note 29. Cash at banks (mDKK) Note 2017 2016 Profit before income tax 10,201 12,391 Adjustments for Depreciation and amortisation of non-current assets 7,13 1,390 1,295 Impairment of non-current assets 7,13 100 Net loss on sale of non-current assets 29 7 Net movement in provisions 155 8 Remeasurements of defined benefit plans (3) (9) Net movement in pension obligations (2) 103 Financial income and expenses 9,10 158 57 Hedge accounting 146 (111) Changes in working capital Trade receivables 593 (800) Inventory 600 (252) Other receivables 149 (114) Prepayments (10) 48 Trade payables (3) (231) Deferred revenue (44) 23 Other debt (724) 53 Cash generated from operations 12,735 12,468 (mDKK) 2017 2016 Cash at banks 762 906 762 906 50 Notes The LEGO Group — Annual Report 2017
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Note 30. Related party transactions The Parent of the LEGO Group is LEGO A/S, a company incorporated in Denmark, whose shares are owned by KIRKBI A/S (75%) and Koldingvej 2, Billund A/S (25%). The shares in KIRKBI A/S are wholly owned by the Kirk Kristiansen family (Billund, Denmark). Related parties are
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