Annual reports and key figures
Published:
27.03.2024
The Carlsberg Foundation’s annual report is prepared in accordance with the requirements of the Danish Financial Statements Act for reporting class C. Our financial statements are audited by the audit firm PwC.
The annual report comprises the management review, financial statements, and the management statement and auditor’s report. It covers key figures for the foundation’s revenue and grants awarded, as well as the activities connected with our four departments: the Carlsberg Research Laboratory (department A), support for basic scientific research (department B), Frederiksborg • Museum of National History (department C) and the Tuborg Foundation (department D).
Annual reports
Download the latest and previous annual reports (Danish version only). Earlier annual reports are available on request.
2023
3.13mb
2022
2.7mb
2021
0.29mb
2020
0.29mb
2019
0.55mb
Key figures
The following table shows the financial development in the foundation’s principal items over the past five years. The data can also be found in our annual reports.
| DKKm | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Dividend from affiliates | 741 | 690 | 658 | 648 | 581 |
| Other operating income | 19 | 19 | 9 | 9 | 3 |
| Costs | -191 | -105 | -103 | -98 | -54 |
| Operating profit before financial items | 569 | 604 | 555 | 550 | 543 |
| Financial items, net | 992 | -764 | 814 | 577 | 299 |
| Profit for the year before tax on grants | 1,562 | -160 | 1,369 | 1,127 | 841 |
| Tax | - | - | - | - | - |
| Profit for the year before grants | 1,562 | -160 | 1,369 | 1,127 | 841 |
| Grants | -806 | -832 | -758 | -713 | -535 |
| Profit for the year | 756 | -992 | 611 | 414 | 307 |
| Total assets | 53,410 | 53,150 | 58,964 | 49,665 | 47,562 |
| Basic capital | 3,709 | 3,709 | 3,709 | 3,709 | 3,418 |
| Revaluation reserve | 46,949 | 47,018 | 52,981 | 44,156 | 42,847 |
| Grant limit | 1,500 | 1,250 | 1,250 | 1,000 | 680 |
| Total equity | 52,158 | 51,977 | 57,940 | 48,865 | 46,945 |
| Costs as a percentage of equity | 0,37 | 0,20 | 0,18 | 0,20 | 0,12 |
| Costs as a percentage of grants | 23,7 | 12,6 | 13,6 | 13,7 | 10,1 |