ANNUAL REPORT 2021
LUNDBECK
ANNUAL REPORT 2021
E CONTENTS
CONSOLIDATED FINANCIAL STATEMENTS
NOTE 12
12 EQUITY - CONTINUED
The Parent company has only one class of shares, and all shares rank equally. The shares are negotiable
instruments with no restrictions on their transferability.
In 2021, the Parent company acquired treasury shares at a value of DKK 34 million (DKK 29 million in 2020),
corresponding to 144,000 shares (114,000 shares in 2020). The shares were acquired to fund Lundbeck's
long-term share-based incentive programs. A total of 91,781 shares were used for this purpose in 2021
(99,123 shares in 2020).
The Board of Directors is authorized to issue new shares and raise the share capital of the Parent company
as set out in article 4 of the Parent company's Articles of Association.
The share capital is in compliance with the capital requirements of the Danish Companies Act and the rules
of Nasdaq Copenhagen.
Distribution of profit
The Board of Directors is proposing distribution of dividends for 2021 of 30% (31% in 2020) of the net profit
for the year allocated to the shareholders, equivalent to DKK 2.00 per share (DKK 2.50 per share in 2020)
or DKK 398 million (DKK 498 million in 2020), inclusive of dividends on treasury shares. Total dividends are
based on the current share capital.
Earnings per share
Profit for the year (DKKm)
Average number of shares ('000 shares)
2021
1,318
2020
1,581
199,148
Average number of treasury shares ('000 shares)
(487)
199,146
(416)
Average number of shares, excl. treasury shares ('000 shares)
198,661
198,730
Average number of warrants, fully diluted ('000 warrants)
Average number of shares, fully diluted ('000 shares)
198,661
198,733
Earnings per share, basic (EPS) (DKK)
6.63
7.96
6.63
7.96
Tax on other comprehensive income
2021
Other comprehensive income recognized under foreign currency
translation reserve in the statement of changes in equity
Exchange rate gains/losses on investments in foreign subsidiaries
Exchange rate gains/losses on additions to net investments in foreign
subsidiaries
Hedging of net investments in foreign subsidiaries
Total
Other comprehensive income recognized under hedging reserve in the
statement of changes in equity
Deferred exchange gains/losses, hedging
Deferred fair value of interest rate swaps
Exchange gains/losses, hedging (transferred to revenue)
Total
Other comprehensive income recognized under retained
earnings in the statement of changes in equity
Actuarial gains/losses
Total
Recognized in other comprehensive income
Earnings per share, diluted (DEPS) (DKK)
At 31 December 2021, no warrants were outstanding.
71/111
Before tax
DKKm
Tax
DKKm
After tax
DKKm
960
960
(157)
36
(121)
(127)
28
(99)
676
64
740
(340)
63
75
(53)
(330)
༞ཙུས༩
(14)
12
73
(265)
49
(41)
(257)
(1)
(1)
(1)
345
137
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