Consolidated statement of shareholders' equity

      Attributable to shareholders in the company    
      Common stock Currency translation adjustments Cash flow hedges Retained earnings Total Non-controlling interests Total equity
      DKK million DKK million DKK million DKK million DKK million DKK million DKK million
                   
    Shareholders' equity at January 1, 2013 650  428  8,473  9,555  13  9,568 
                   
    Net profit for the year       2,200  2,200  2,201 
    Other comprehensive income for the year   (354) 91    (263)   (263)
    Total comprehensive income for the year   - (354) 91  2,200  1,937  1,938 
                   
    Sale of treasury stock       167  167    167 
    Write-down of common stock (11)     11    -     -
    Dividend       (690) (690) (2) (692)
    Stock-based payment       55  55    55 
    Tax related to equity items       30  30    30 
    Changes in shareholders' equity (11) (354) 91  1,773  1,499  (1) 1,498 
                   
    Shareholders' equity at December 31, 2013 639  74  95  10,246  11,054  12  11,066 
                   
                   
                   
    Shareholders' equity at January 1, 2012 650  498  (33) 7,694  8,809  15  8,824 
                   
    Net profit for the year       2,015  2,015  2,016 
    Other comprehensive income for the year   (70) 37    (33)   (33)
    Total comprehensive income for the year   - (70) 37  2,015  1,982  1,983 
                   
    Purchase of treasury stock       (832) (832)   (832)
    Sale of treasury stock       156  156    156 
    Dividend       (600) (600) (3) (603)
    Stock-based payment       69  69    69 
    Tax related to equity items       (29) (29)   (29)
    Changes in shareholders' equity   - (70) 37  779  746  (2) 744 
                   
    Shareholders' equity at December 31, 2012 650  428  8,473  9,555  13  9,568 
                   
    The proposed dividend of DKK 786 million for 2013 is included in Retained earnings.
                   
    Reference is made to Note 6.6 concerning treasury stock and average number of shares.