LEGO-Group-Annual-Report-2017.pdf

Total non current assets 12553 12836 current assets

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Total non-current assets 12,553 12,836 Current assets Inventories 15 2,383 2,991 Trade receivables 16,26 6,333 7,174 Other receivables 26 868 1,036 Prepayments 146 134 Current tax receivables 178 510 Receivables from related parties 26,30 6,688 4,350 Cash at banks 26,29 762 906 Total current assets 17,358 17,101 Total assets 29,911 29,937 12 Balance Sheet The LEGO Group — Annual Report 2017
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Balance Sheet at 31 December (mDKK) Note 2017 2016 EQUITY Share capital 17 20 20 Reserve for hedge accounting 34 (80) Reserve for currency translation (581) (338) Retained earnings 18 21,241 20,437 Total equity 20,714 20,039 LIABILITIES Non-current liabilities Borrowings 26 167 178 Deferred tax liabilities 19 158 40 Pension obligations 20 184 198 Provisions 22 56 54 Deferred revenue 23 36 36 Debt to related parties 26,30 600 Other debt 21,26 80 197 Total non-current liabilities 681 1,303 Current liabilities Borrowings 26 11 41 Trade payables 26 2,811 2,837 Current tax liabilities 200 223 Provisions 22 219 72 Deferred revenue 23 178 237 Debt to related parties 26,30 600 Other debt 21,26 4,497 5,185 Total current liabilities 8,516 8,595 Total liabilities 9,197 9,898 Total equity and liabilities 29,911 29,937 13 Balance Sheet The LEGO Group — Annual Report 2017
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Statement of Changes in Equity 2017 (mDKK) Share capital Reserve for hedge accounting Reserve for currency translation Retained earnings Total equity Balance at 1 January 20 (80) (338) 20,437 20,039 Profit for the year 7,806 7,806 Comprehensive income/(expenses) for the year 114 (243) (2) (131) Dividend paid relating to prior year (7,000) (7,000) Balance at 31 December 20 34 (581) 21,241 20,714 2016 (mDKK) Share capital Reserve for hedge accounting Reserve for currency translation Retained earnings Total equity Balance at 1 January 20 6 (283) 18,008 17,751 Profit for the year 9,436 9,436 Comprehensive income/(expenses) for the year (86) (55) (7) (148) Dividend paid relating to prior year (7,000) (7,000) Balance at 31 December 20 (80) (338) 20,437 20,039 14 Statement of Changes in Equity The LEGO Group — Annual Report 2017
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(mDKK) Note 2017 2016 Cash flows from operating activities Cash generated from operations 28 12,735 12,468 Interest received etc. 9 13 15 Interest paid etc. 10 (32) (36) Income tax paid (2,025) (3,363) Net cash generated from operating activities 10,691 9,084 Cash flows from investing activities Purchases of intangible assets 12 (35) (92) Purchases of property, plant and equipment 13 (1,494) (2,908) Proceeds from sale of property, plant and equipment 6 8 Net cash used in investing activities (1,523) (2,992) Cash flows from financing activities Proceeds from borrowings Repayments of borrowings (40) (157) Repayments from related parties 30 10,134 14,297 Payments to related parties 30 (12,472) (13,715) Dividend paid to shareholders 18 (7,000) (7,000) Net cash used in financing activities (9,378) (6,575) Total cash flows (210) (483) Cash and cash equivalents at 1 January 906 1,211 Exchange gains on cash at banks 66 178 Cash at banks at 31 December 29 762 906 Cash Flow Statement at 31 December 15 Cash Flow Statement The LEGO Group — Annual Report 2017
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Notes Basis for preparation Note 1. Significant accounting policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 2. Significant accounting estimates and judgements . . . . . . . . . . . . . . . . . . . 24 Income Statement Note 3. Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 4. Expenses by nature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 5. Auditors’ fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 6. Employee expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 7. Depreciation, amortisation and impairment . . . . . . . . . . . . . . . . . . . . . . . . . . 27 8. Research and development expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 9. Financial income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 10. Financial expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 11.
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