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119 A.P. Møller-Mærsk A/S Annual Report 2020 Financials Parent company financial statements Notes index Note 3 Gain on sale of companies and non-current assets, etc., net Table 3.1 Gains Gain/loss on sale of companies and non-current assets, etc., net 2020 2019 Table 3.1 1 4 One subsidiary and two associated companies were liqui- dated in 2020 after activities ceased. 1 4 Amounts in USD million == In 2019, gains were liquidation of two dormant subsidi- aries. Reference is made to note 12 for an analysis of gains and losses from derivatives. Refer to note 20 for significant accounting estimates. Dividends 1 Mainly dividend from A.P. Moller Finance SA (in 2019 Orion Limited, Maersk FPSOS A/S and A.P. Moller Finance SA each paid around USD 0.1bn). Reversal of impairment losses 2 Reversal of impairment losses mostly relates to Maersk Oil Trading and Investments A/S (in 2019 A.P. Moller Finance SA, Star Air A/S and Maersk Container Industry A/S). Impairment losses and fair value adjustments 3 Impairment losses to recoverable amount relate to fair value adjustment of A.P. Moller Finance SA and Maersk Supply Service A/S (in 2019 Maersk Supply Service A/S, Damco International A/S, Maersk FPSOS A/S and demerger of Maersk Drilling Holding A/S). Reversal of write-down of loan receivables 4 2019 reversal of write-down of loan concerns Maersk Supply Service A/S and Maersk Container Industry A/S. Note 4 Financial income and expenses Table 4.1 Interest expenses on liabilities 2020 2019 Table 4.1 325 490 Interest income on loans and receivables 887 1,143 Fair value adjustment transferred from equity hedge reserve (loss) Net interest income 25 26 537 627 Exchange rate gains on bank balances, borrowings and working capital Exchange rate losses on bank balances, borrowings and working capital Net foreign exchange gains/losses 76 71 190 30 -114 41 Fair value gains from derivatives Fair value losses from derivatives Net fair value gains/losses 193 113 49 73 144 40 Dividends received from subsidiaries, associated companies and joint ventures, net¹ Total dividend income 413 324 413 324 Reversal of impairment losses, investments in subsidiaries and associated companies² Impairment losses, investments in subsidiaries and associated companies³ Reversal of write-down of loans 296 116 467 1,042 155 Write-down of loan receivables from subsidiaries 2 809 259 Financial income/expenses, net Of which: Dividends Financial income Financial expenses 413 324 1,452 1,598 1,056 1,663

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