DSV Annual Report 2022
81
DSV Annual Report 2022 Consolidated financial statements 2022
= III
6.3 Remuneration of the
Executive Board and
the Board of Directors
Executive Board
The members of the Executive Board are subject to a notice period of up
to 24 months. Remuneration of the members of the Executive Board and
the Board of Directors complies with the principles of the Company's Re-
muneration Policy and is described in detail in the Remuneration Report.
The aggregate remuneration to the members of the Executive Board for
2022 was DKK 54.8 million (2021: DKK 41.5 million). The remuneration
to the Executive Board is specified:
Executive Board remuneration
(DKKm)
Fixed salary
Pension
6.4 Fees to auditors
appointed at the
Annual General Meeting
Audit fees and services
(DKKm)
Statutory audit fees
Other assurance services
Tax and VAT advisory services
Other services
Total fees to auditors appointed
at the Annual General Meeting
Statutory audit fees
2022
2021*
Tax and VAT advisory services
36.1
27.6
Other services
2.9
2.2
Total fees, other
Share-based payment
15.8
11.7
Total
54.8
41.5
Total fees
Michael Ebbe became a member of the Executive Board on 26 October 2021.
2022
2021
45
42
3
4
2
4
15
62
6.5 Related-party
transactions
DSV has no related parties with control of the Group and no related par-
ties with significant influence other than key management personnel -
mainly in the form of the Board of Directors and the Executive Board.
Related-party transactions
Board of Directors and Executive Board
No transactions with the Board of Directors and Executive Board were
made in 2022 other than ordinary remuneration, as described in notes
6.2 and 6.3.
54
52
Associated companies
13
21
DSV holds ownership interests in 8 associates (2021: 12 associates). The
Group's share of associates' profit for the year amounted to DKK 7 million
(2021: DKK 4 million).
12
8
46
Board of Directors
The aggregate remuneration to the Board of Directors of DSV A/S for
2022 was DKK 6.9 million (2021: DKK 7.0 million).
62
98
Non-audit services provided by PwC Denmark amounted to DKK 5 million
in 2022 relating to advisory services in relation to legal disputes, assur-
ance and advisory in relation to ESG, various tax advisory services and other
advisory services. Non-audit services provided by PwC Denmark did not
exceed 70% of the audit fees in accordance with EU audit legislation.
The carrying amount of the investment was DKK 50 million at 31 Decem-
ber 2022 (2021: DKK 63 million). The Group had the following transac-
tions with associates:
Associated companies transactions
(DKKm)
2022
2021
Sale of services
128
163
Purchase of services
14
18
The Group had the following balances with associates at 31 December:
Associated companies balances
(DKKm)
Receivables
Payables
2022
2021
19
26
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