DSV Annual Report 2022
56
DSV Annual Report 2022 Consolidated financial statements 2022
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Restructuring and integration costs
Transaction costs relating to acquisitions
Special items, costs
2.7 Special items
Accounting policies
Special items are used in connection with the presentation of profit or loss
for the year to distinguish consolidated operating profit from exceptional
items, which by their nature are not related to the Group's ordinary opera-
tions or investment in future activities.
Special items comprise:
Restructuring costs, impairment costs, etc., relating to fundamental
structural, procedural and managerial reorganisations as well as any
related gains or losses on disposals;
Transaction and restructuring costs relating to the acquisition and
divestment of enterprises.
Special items reconcile to the income statement items as specified in
the table below:
Management judgements and estimates
In the classification of special items, judgement is applied in ensuring that
only exceptional items not associated with the ordinary operations of the
Group are included.
Special items (DKKm)
2.8 Financial income and expenses
Accounting policies
Financial income and expenses include interest, share of associates' profit/
loss, foreign currency gains and losses, bank charges as well as amortisation
of financial assets and liabilities, including finance lease obligations. Further-
more, realised and unrealised gains and losses on derivative financial instru-
ments that cannot be classified as hedging contracts are included.
2022
1,117
2021
392
86
Financial income (DKKm)
2022
2021
Interest income
323
1,117
478
Share of associates' profit, net of tax
7
202
4
Currency translation recognised in the income
statement
276
Total financial income
606
206
2022
2021
Reported
Adjusted
Special items Bridge (DKKm)
Revenue
Direct costs
income Special
statement
items
235,665
183,516
Gross profit
Other external expenses
Staff costs
52,149
5,559
16,315
Operating profit before amortisation and depreciation
30,275
Amortisation and depreciation
Operating profit
5,071
25,204
Special items, costs
Financial income
Financial expenses
Profit before tax
income
statement
235,665
19 183,535
(19) 52,130
237
5,796
653 16,968
(909) 29,366
213 5,284
(1,122) 24,082
1,117 (1,117)
606
1,472
Reported
income
statement
Adjusted
Special income
items statement
Interest income includes interest on financial assets of DKK 323 million
(2021: DKK 202 million).
182,306
144,691
23
12
23,221
606
(5) 1,467
23,221
37,615
4,173
13,025
20,417
4,194
16,223
478
206
182,329
144,703
11 37,626
184
4,357
277 13,302
(450) 19,967
29
4,223
(479) 15,744
(478)
Financial expenses (DKKm)
2022
2021
Interest expenses on lease liabilities
Interest expenses on borrowings
727
495
236
159
Interest expenses, bank
397
249
Financial expenses on pension obligations,
refer to note 3.7
19
17
Currency translation recognised in the income
statement
Other financial expenses
1,047
(1)
14,904
206
1,046
14,904
Total financial expenses
53
93
74
1,472
1,047
Interest expenses include interest on financial liabilities measured at
amortised cost of DKK 1,453 million (2021: DKK 977 million).View entire presentation