Investor Presentaiton
105
A.P. Moller-Maersk Annual Report 2020
Financials
Consolidated financial statements
Notes index
Note 22 Related parties
Table 22.1
Joint ventures
Management'
2019
2020
2019
2020
2019
Associated companies
Controlling parties
2020
2019
2020
1
1
Income statement
Revenue
36
41
29
35
91
Operating costs
38
19
Remuneration to management
Financial income
59
ཊྛ '༠
525
524
583
114
550
72
21
Other
Assets
Other receivables, non-current
Trade receivables
Other receivables, current
Cash and bank balances
Liabilities
Bank and other credit institutions, etc., current
Trade payables
Other
Purchase of property, plant and equipment, etc.
Sale of companies, property, plant and equipment, etc.
Capital increase
Dividends
25
27
151
124
4
16
26
21
14
15
55
19
44
39
27
40
555
736
23
30
0
1
66
71
86
75
19
48
45
96
86
220
92
64
13
93
156
101
Amounts in USD million
=
82
27
1
Table 22.1
Joint usage agreement with A.P. Møller Holding A/S
With the objective of further strengthening the value of
the brands, A.P. Møller-Mærsk A/S entered into a joint
usage agreement with A.P. Møller Holding A/S in 2018
regarding the use of commonly used trademarks which
historically have benefited both A.P. Møller-Mærsk A/S
and A.P. Møller Holding A/S. A.P. Møller Holding A/S is the
controlling shareholder of A.P. Moller - Mærsk A/S, and is
wholly owned by A.P. Møller og Hustru Chastine Mc-Kinney
Møllers Fond til almene Formaal. The joint usage agree-
ment establishes a framework and a branding strategy for
the commonly used trademarks and a joint brand board,
where the parties can cooperate regarding the use of
these trademarks.
A.P. Møller Holding A/S, Copenhagen, Denmark, has control
over the company and prepares consolidated financial
statements. A.P. Møller og Hustru Chastine Mc-Kinney
Møllers Fond til almene Formaal is the ultimate owner.
Share buy-back programme
According to separate agreement, A.P. Møller
Holding A/S participates on a pro rata basis to the shares
purchased in the company's share buy-back programme.
A.P. Møller Holding A/S, Copenhagen, Denmark, has
control over the company and prepares consolidated
financial statements. A.P. Møller og Hustru Chastine
Mc-Kinney Møllers Fond til almene Formaal is the ulti-
mate owner.
Dividends distributed are not included.
1 The Board of Directors and the Executive Board
in A.P. Møller-Mærsk A/S, A.P. Møller Holding A/S,
A.P. Møller og Hustru Chastine Mc-Kinney Mollers Fond
til almene Formaal and their close relatives (including
undertakings under their significant influence). Trade
receivables and payables include customary business-
related accounts regarding shipping activities.
2 Includes commission and commercial receivables
to Maersk Broker K/S from chartering as well as the
purchase and sale of ships.View entire presentation