ANNUAL REPORT 2021
LUNDBECK
ANNUAL REPORT 2021
= CONTENTS
CONSOLIDATED FINANCIAL STATEMENTS
NOTES 21-22
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21 CONTRACTUAL OBLIGATIONS
Research and development milestones and collaborations
The Group has entered into a number of agreements relating to research and development as well as other
collaborations. According to the agreements, Lundbeck is committed to pay certain milestones. At 31
December 2021, potential future milestone payments covering the coming ten-year period totalled up to DKK
1,031 million (DKK 300 million in 2020).
Sales milestones
Lundbeck is committed to pay certain commercial sales milestones. The amounts depend on future sales.
Other purchase obligations
The Group has undertaken purchase obligations relating to property, plant and equipment in the amount of
DKK 68 million (DKK 126 million in 2020).
22 RELATED PARTIES
Lundbeck's related parties
• The Parent company's principal shareholder, Lundbeckfonden (Lundbeckfond Invest A/S), Scherfigsvej 7,
2100 Copenhagen, Denmark.
•
Companies in which Lundbeckfonden exercises controlling influence, including ALK-Abelló A/S and
Falck A/S.
• Members of the Parent company's registered Executive Management and Board of Directors as well as
close relatives of these persons.
.
Companies in which members of the Parent company's registered Executive Management and Board of
Directors as well as close relatives of these persons exercise controlling influence.
Transactions and balances with Lundbeckfonden
There have been the following transactions and balances with Lundbeckfonden:
•
Payment of dividends of DKK 343 million in 2021 (DKK 563 million in 2020).
Payment of provisional tax of DKK 28 million in 2021 (DKK 101 million in 2020) for the Parent company
and Danish subsidiaries.
• Refund of residual tax of DKK 131 million in 2021 (DKK 64 million in 2020) for the Parent company and
Danish subsidiaries.
• Interest income of DKK 1 million in 2021 (expense of DKK 1 million in 2020).
Lundbeckfonden exercises controlling influence on H. Lundbeck A/S.
Transactions and balances with the ALK group
There have been no transactions or balances with the ALK group.
Transactions and balances with the Falck group
There have been no material transactions or balances with the Falck group.
Transactions and balances with the registered Executive Management and the Board of Directors
In addition to the transactions with members of the registered Executive Management and the Board of
Directors outlined in notes 3 Employee costs and 14 Incentive programs, the Parent company has paid
dividends on shares held by members of the registered Executive Management and the Board of Directors
in H. Lundbeck A/S. At 31 December 2021 and 31 December 2020, there were no balances with the
registered Executive Management and the Board of Directors.
Transactions and balances with other related parties
Other than the above, there have been no material transactions or balances with other related parties.View entire presentation