DSV Annual Report 2022
55
DSV Annual Report 2022
Consolidated financial statements 2022
= III
2.2 Revenue
Revenue is specified as follows:
Revenue (DKKm)
Sale of services
Other operating income
Total revenue
2022
234,669
996
2021
181,707
599
2.4 Other external expenses
Accounting policies
Other external expenses include expenses relating to marketing, IT, other
rent, training and education, office premises, travelling, communications
as well as other selling costs and administrative expenses, less costs
transferred to direct costs.
Staff costs (DKKm)
2022
Salaries and wages, etc.
20,111
2021
16,250
Defined contribution pension plans
745
Defined benefit pension plans
Other social security costs
Share-based payments
84
567
74
2,820
2,254
202
Total staff costs
23,962
160
19,305
235,665
182,306
Other external expenses (DKKm)
2022
2021
Other external expenses
12,360
Transferred to direct costs
Total other external expenses
(6,801)
5,559
8,953
(4,780)
4,173
Recognised in the income statement items:
Hourly workers - recognised as direct costs
Salaried employees - recognised as staff costs
Total
7,647
16,315
23,962
6,280
13,025
19,305
Weighted average number of full-time employees
Number of full-time employees at year-end
76,583 67,016
76,283 77,958
Sale of services includes revenue from freight forwarding services, con-
tract logistics, sale of property projects and other related services. Sale
of property projects recognised at a point in time constitutes less than 1%
of total revenue (2021: less than 2%). Other operating income includes
rental income from terminal and building leases, gains from disposal of
non-current assets and income from insurance contracts.
2.3 Direct costs
Accounting policies
Direct costs comprise costs paid to generate the revenue for the year.
Direct costs include settlement of accounts with haulage contractors, ship-
ping companies, airlines, etc. Direct costs also include staff costs relating to
hourly workers used for fulfilling orders and other direct costs of operation,
such as rental of logistics facilities and costs of property projects.
Direct costs (DKKm)
Cost of carriers
Staff costs, hourly workers
Other costs of operation
Direct costs
2022
169,068
7,647
6,801
183,516
2021
133,631
6,280
4,780
144,691
2.5 Staff costs
Accounting policies
Staff costs include wages and salaries, pension costs, social security costs
and other staff costs for salaried employees, but exclude staff costs for
hourly workers, which are recognised as direct costs.
Staff costs are recognised in the financial year in which the employee
renders the related service. Costs related to long-term employee benefits,
e.g. share-based payments, are recognised in the periods in which they
are earned.
Reference is made to note 3.7 for detailed information on pension plans,
note 6.3 for information on remuneration of the Executive Board and the
Board of Directors and note 6.2 for detailed information on the Group's
share option schemes.
2.6 Amortisation and depreciation
Accounting policies
Amortisation and depreciation for the year are recognised based on the
amortisation and depreciation profiles of the underlying assets (refer to
notes 3.2, 3.3 and 3.6).
Software
Amortisation and depreciation (DKKm)
Customer relationships
2022
2021
254
212
185
218
Buildings
341
231
Other plant and operating equipment
530
388
ROU assets - Land and buildings
3,549
2,757
ROU assets -Other plant and operating equipment
212
388
Total amortisation and depreciation
5,071
4,194View entire presentation