LEGO-Group-Annual-Report-2017.pdf

Land buildings and installations 6 6 property plant

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Land, buildings and installations 6 6 Property, plant and equipment 7 6 6 Deferred tax assets 10 8 10 Investments in subsidiaries 8 19,748 20,623 Investments in associates 8 3 3 Current tax receivables 34 Receivables from subsidiaries 1,696 1,678 Other non-current assets 21,489 22,314 Total non-current assets 21,498 22,324 Current assets Other receivables 5 5 Total current assets 5 5 Total assets 21,503 22,329 56 Balance Sheet Parent Company — Annual Report 2017
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Balance Sheet 31 December (mDKK) Note 2017 2016 EQUITY Share capital 9 20 20 Reserve from the use of the equity method 5,305 4,680 Retained earnings 8,415 8,404 Proposed dividend 7,000 7,000 Total equity 20,740 20,104 LIABILITIES Non-current liabilities Debt to related parties 12 600 Total non-current liabilities 600 Current liabilities Trade payables 7 8 Current tax liabilities 8 Debt to subsidiaries 1,458 Debt to related parties 12 600 Other debt 156 151 Total current liabilities 763 1,625 Total liabilities 763 2,225 Total equity and liabilities 21,503 22,329 Balance Sheet 57 Parent Company — Annual Report 2017
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Statement of Changes in Equity 2017 (mDKK) Share capital Reserve from the use of the equity method Retained earnings Proposed dividend Total equity Balance at 1 January 20 4,680 8,404 7,000 20,104 Dividend paid relating to prior year (7,000) (7,000) Profit for the year 764 11 7,000 7,775 Currency translation adjustments (253) (253) Entries recognised directly on equity in subsidiaries 114 114 Balance at 31 December 20 5,305 8,415 7,000 20,740 2016 (mDKK) Share capital Reserve from the use of the equity method Retained earnings Proposed dividend Total equity Balance at 1 January 20 5,877 4,949 7,000 17,846 Dividend paid relating to prior year (7,000) (7,000) Profit for the year (1,050) 3,455 7,000 9,405 Currency translation adjustments (54) (54) Entries recognised directly on equity in subsidiaries (93) (93) Balance at 31 December 20 4,680 8,404 7,000 20,104 Statement of Changes in Equity 58 Parent Company — Annual Report 2017
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Notes Basis for preparation Note 1. Significant accounting policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Income Statement Note 2. Employee expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 3. Financial income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 4. Financial expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 5. Tax on profit for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 Balance Sheet and other disclosures Note 6. Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 7. Property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 8. Investments in subsidiaries and associates . . . . . . . . . . . . . . . . . . . . . . . . . . 64 9. Share capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 10. Deferred tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 11. Contingent assets, contingent liabilities and other obligations . . . . . . . . . 66 12. Related party transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 13. Proposed distribution of profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 Notes 59 Parent Company — Annual Report 2017
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Note 1. Significant accounting policies The Financial Statements of the Parent Company have been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class C (large-sized). The accounting policies are the same as for the Consolidated Financial Statements with the following additions.
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