v3.25.2
Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2025
Basis of Presentation [Abstract]  
Disclosure of detailed information about exchange rates explanatory The DKK/USD exchange rates used to reflect the change in presentation currency were as follows:
Q1 2024Q2 2024Q3 2024Q4 2024
Average rate0.14560.14430.14720.1433
Closing rate0.14500.14350.15020.1400
Disclosure of detailed information about changes in presentation currency
The change in presentation currency resulted in the following impact on the December 31, 2024 condensed consolidated balance sheets:

Previously reported in DKKReported in USD
December 31, 2024Presentation currency changeDecember 31, 2024
Total assets45,811 (39,397)6,414 
Total liabilities9,114 (7,837)1,277 
Total shareholders' equity36,697 (31,560)5,137 
The change in presentation currency resulted in the following impact on the three months ended June 30, 2024 condensed consolidated statements of comprehensive income:

Previously reported in DKKReported in USD
June 30, 2024Presentation currency changeJune 30, 2024
Net profit1,408 (1,205)203
Comprehensive income1,534 (1,361)173

The change in presentation currency resulted in the following impact on the six months ended June 30, 2024 condensed consolidated statements of comprehensive income:

Previously reported in DKKReported in USD
June 30, 2024Presentation currency changeJune 30, 2024
Net profit2,733 (2,338)395
Comprehensive income2,907 (2,638)269

The change in presentation currency resulted in the following impact on the six months ended June 30, 2024 condensed consolidated statements of cash flows:
Previously reported in DKKReported in USD
Cash provided by (used in):June 30, 2024Presentation currency changeJune 30, 2024
Operating activities3,026 (2,588)438 
Investing activities(10,134)8,654 (1,480)
Financing activities(3,646)3,121 (525)

The change in presentation currency resulted in the following impact on the three months ended June 30, 2024 basic and diluted earnings per share:

Previously reported in DKKReported in USD
June 30, 2024Presentation currency changeJune 30, 2024
Earnings per share - basic21.85(18.70)3.15
Earnings per share - diluted21.7(18.57)3.13


The change in presentation currency resulted in the following impact on the six months ended June 30, 2024 basic and diluted earnings per share:
Previously reported in DKKReported in USD
June 30, 2024Presentation currency changeJune 30, 2024
Earnings per share - basic42.13(36.04)6.09
Earnings per share - diluted41.85(35.80)6.05