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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.
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