Consolidated cash flow statement for 2020

2020 2019 Notes DKK'000 DKK'000

Operating profit/loss Amortisation, depreciation and impairment losses Other provisions Working capital changes Cash flow from ordinary operating activities 19 -9.365 19.750 33.244 31.493 1.464 0 35.201 -7.815 60.544 43.428

Financial income received Financial expenses paid Taxes refunded/(paid) Cash flows from operating activities

1.525 5.402 -5.990 -1.976 -11.020 6.980 45.059 53.834

Acquisition etc. of intangible assets Acquisition etc. of property, plant and equipment Sale of property, plant and equipment Deposit Cash flows from investing activities -11.422 -14.245 -9.729 -18.384 1.655 2.203 23 0 -19.473 -30.426

Free cash flows generated from operations and investments before financing 25.586 23.408

Repayments of loans etc Incurrence of debt to group enterprises Dividend paid Other payable refer to frozen holiday allowance to employees Cash flows from financing activities -1.620 -1.943 3.511 0 -5.000 -7.500 10.263 5.774 7.154 -3.669

Increase/decrease in cash and cash equivalents

Cash and cash equivalents beginning of year Cash and cash equivalents end of year

Cash and cash equivalents at year-end are composed of: Cash Securities Cash and cash equivalents end of year 32.740 19.739

103.049 83.310 135.789 103.049

135.713 102.973 76 76 135.789 103.049

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