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JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

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Page 1: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

Medlem af Deloitte Touche Tohmatsu Limited

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Vgnghqp!74!25!77!11!Vgnghcz!74!25!77!23!www.deloitte.dk

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Page 2: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

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Page 3: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

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Page 4: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

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Page 5: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

L{um!H{pumg!Ogfkgt!R0U! 4

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Page 6: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

L{um!H{pumg!Ogfkgt!R0U! 5

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Page 7: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

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mqpvtqn-!uqo!xk!kfgpvkhkegtgt!wpfgt!tgxkukqpgp/!

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L{um!H{pumg!Ogfkgt!R0U! 7

Fgp!wchjèpikig!tgxkuqtu!tgxkukqpurçvgipkpi!

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kpigp!hqto!hqt!mqpmnwukqp!ogf!ukmmgtjgf!qo!ngfgnugudgtgvpkpigp/!

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mqpegtptgipumcdgv!gnngt!çtutgipumcdgv!gnngt!xqtgu!xkfgp!qrpçgv!xgf!tgxkukqpgp!gnngt!rç!cpfgp!oçfg!u{pgu!

cv!kpfgjqnfg!xèugpvnki!hglnkphqtocvkqp/!

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mqpegtptgipumcdgv!qi!çtutgipumcdgv!qi!gt!wfctdglfgv!k!qxgtgpuuvgoognug!ogf!çtutgipumcdunqxgpu!mtcx/!Xk!

jct!kmmg!hwpfgv!xèugpvnki!hglnkphqtocvkqp!k!ngfgnugudgtgvpkpigp/!

Qfgpug-!fgp!29/15/3129!

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Uvcvucwvqtkugtgv!Tgxkukqpurctvpgtugnumcd!EXT.pt/<!44;74667!

Nctu!Mpcig!Pkgnugp!uvcvucwvqtkugtgv!tgxkuqt!OPG.pt/!opg21185!

Igtv!Tcuowuugp!uvcvucwvqtkugtgv!tgxkuqt!OPG.pt/!opg46541!

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L{um!H{pumg!Ogfkgt!R0U! 8

Ngfgnugudgtgvpkpi!

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3128v/mt/

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Dtwvvqtguwnvcv! ;79/2;5! ;35/374! 86;/798!

GDKVFC! ;1/452! )25/375* 48/;7;!

Ftkhvutguwnvcv! 27/;38! )214/2;7* )27/261*

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Çtgvu!tguwnvcv! 27/855! );9/516* )22/829*

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Cpvcn!dwfg!wnvkoq!çtgv! 2/85;! 2/928! 2/8;7!

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L{um!H{pumg!Ogfkgt!R0U! 9

Ngfgnugudgtgvpkpi!

Jqxgfcmvkxkvgv!

L{um!H{pumg!Ogfkgt!R0U!gt!gp!ogfkgmqpegtp-!fgt!ftkxgt!24!fcidncfg-!68!wigcxkugt!qi!5!tcfkquvcvkqpgt!wp.

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Fgtwfqxgt!hcxpgt!mqpegtpgp!gp!ncpi!tèmmg!p{jgfuukvgu!qi!cpftg!fkikvcng!dtcpfu-!nkiguqo!mqpegtpgp!jct!

hqtumgnnkig!mqoowpkmcvkqpuxktmuqojgfgt!jgtwpfgt!gv!octmgvkpi.!qi!mqoowpkmcvkqpudwtgcw/!!

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k!ghvgtçtgv!3128!iqfmgpfv!gp!tèmmg!xèmuvkpkvkcvkxgt-!uqo!umcn!dkftcig!vkn!wfxkmnkpigp!ch!fgp!fkikvcng!hqttgvpkpi!

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hqtcpftkpigt-!húnigt!mqpegtpgpu!qouèvpkpiuwfxkmnkpi!fgp!octmgfuoèuukig!wfxkmnkpi/!

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qiuç!pcvkqpcnv-!hqt!cv!ukmtg!fgoqmtcvkgv!qi!ucoogpjèpiumtchvgp/!Mqpegtpgp!gt!wigpvnkiv!k!mqpvcmv!ogf!hngtg!

gpf!3!okq/!fcpumgtg/!Fgvvg!rç!vtqfu!ch!htcucni!ch!wigcxkugt!k!3128/!

Çtgvu!tguwnvcv!ucoogpjqnfv!ogf!fgp!hqtxgpvgfg!wfxkmnkpi!

Mqpegtpgpu!tguwnvcv!wfiút!k!3128!gv!qxgtumwf!hút!umcv!rç!31-4!okq/!mt/!!

Tguwnvcvgv!ngxgt!qr!vkn!hqtxgpvpkpigtpg!hqt!3128-!ogp!gt!rçxktmgv!gmuvtcqtfkpètv!ch!hcnf!k!cxkucdqppgogpvu.

kpfvèivgtpg/!!Tgfwegtgfg!wfxkmnkpiuqomquvpkpigt!qi!rqukvkxg!ëpicpiughhgmvgt-!jgtwpfgt!qrnúupkpi!ch!uvtgl.

mghqpf-!ukmtgt-!cv!tguwnvcvhqtxgpvpkpigtpg!kpfhtkgu/!Tguwnvcvgv!dgvgipgu!uqo!xètgpfg!okpftg!vknhtgfuuvknngpfg/!

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L{um!H{pumg!Ogfkgt!R0U! ;

Ngfgnugudgtgvpkpi!

Hqtxgpvgv!wfxkmnkpi!

Mqpegtpgp!hqtxgpvgt!gv!rqukvkxv!tguwnvcv!k!3129!qi!okpftg!gpf!3128/!!!

Uètnkig!tkukek!

Ftkhvuoèuukig!tkukek!

Mqpegtpgp!ugt!gp!tkukmq!hqt-!cv!gp!hqtuvètmgv!uvtwmvwtgn!wfxkmnkpi!rç!ogfkg.!qi!tgmncogoctmgfgv!xkn!ogfhútg!

{fgtnkigtg!hcnf!k!cppqpeg.!qi!cdqppgogpvukpfvèivgtpg/!Fguwfgp!gt!èpftgfg!rqnkvkumg!tcoogxknmçt!k!hqto!ch!

chikhvgt!qi!èpftgv!ogfkguvúvvg!tkukek/!

Mtgfkv.-!xcnwvc.!qi!hkpcpukgnng!tkukek!

Mqpegtpgpu!tkukek!mp{vvgv!vkn!ftkhv!qi!hkpcpukgtkpi!gt!chjèpiki!ch!fgp!octmgfuoèuukig!wfxkmnkpi/!Mqpegtpgp!

jct!kpigp!rqukvkqpgt!ch!dgv{fpkpi!k!htgoogf!xcnwvc/!Fgt!gt!kmmg!k!hqtjqnf!vkn!gpmgnvmwpfgt!wuèfxcpnkig!gnngt!

xèugpvnkig!mtgfkvtkukek-!fgt!kmmg!cnngtgfg!gt!chfèmmgv!xgf!jgpuèvvgnugt!gnngt!ictcpvkgt/!

Mqpegtpgpu!hkpcpukgnng!dgtgfumcd!dguvçt!wfqxgt!ch!nkmxkfgt!qi!mqtvhtkuvgv!dcpmiènf!qiuç!ch!cpftg!xètfkrc.

rktgt!qi!mcrkvcncpfgng-!uqo!gt!qouèvvgnkig!dútupqvgtgfg!xètfkrcrktgt-!k!cnv!;5!okq/!mt/!

Mqpegtphqtjqnf!

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L{um!H{pumg!Ogfkgt!R0U! 21

Ngfgnugudgtgvpkpi!

Tgfgiútgnug!hqt!ucohwpfucpuxct!

L{um!H{pumg!Ogfkgt!R0U!jct!ucongv!ctdglfgv!ogf!ucohwpfucpuxct!qi!ctdglfgv!hqt!cv!qrh{nfg!oçnuèvpkpigp!

hqt!fgv!wpfgttgrtèugpvgtgfg!múp!rç!mqpegtpgpu!jlgoogukfg<!

jvvr<00yyy/lhogfkgt/fm0ogfkc039110lho.eut.tgfgiqgtgnug.3128/rfh/!

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Fgt!gt!htc!dcncpegfcigp!qi!htgo!vkn!k!fci!kmmg!kpfvtçfv!hqtjqnf-!uqo!hqtt{mmgt!xwtfgtkpigp!ch!çtutcrrqtvgp/!!

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L{um!H{pumg!Ogfkgt!R0U! 22

Mqpegtpgpu!tguwnvcvqriútgnug!hqt!3128!Mqpegtpgpu!tguwnvcvqriútgnug!hqt!3128!

Pqvg3128v/mt/

3127v/mt/

Pgvvqqouèvpkpi! 3 2/971/396! 2/9;2/;;7!

Cpftg!ftkhvukpfvèivgt! 4 233/767! ;;/273!

Qomquvpkpigt!vkn!tçxctgt!qi!jlènrgocvgtkcngt! )688/517* )717/456*

Cpftg!gmuvgtpg!qomquvpkpigt! 5 )548/452* )571/661*

Dtwvvqtguwnvcv! ;79/2;5! ;35/374!

Rgtuqpcngqomquvpkpigt! 6 )988/334* );49/638*

Ch.!qi!pgfumtkxpkpigt! 7 )85/155* )99/;43*

Ftkhvutguwnvcv! 27/;38! )214/2;7*

Kpfvèivgt!ch!cpftg!hkpcpukgnng!cpnèiucmvkxgt! 5/8;1! 3/772!

Cpftg!hkpcpukgnng!kpfvèivgt! 8 4/5;;! 6/448!

Cpftg!hkpcpukgnng!qomquvpkpigt! 9 )5/9;1* )5/3;7*

Tguwnvcv!hút!umcv! 31/437! );;/5;5*

Umcv!ch!çtgvu!tguwnvcv! ; )4/693* 2/19;!

Çtgvu!tguwnvcv! 21 27/855! $! );9/516*

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L{um!H{pumg!Ogfkgt!R0U! 23

Mqpegtpgpu!dcncpeg!rt/!42/23/3128!Mqpegtpgpu!dcn cpeg!rt/!42/23/3128!

Pqvg3128v/mt/

3127v/mt/

Iqqfyknn! 383/321! 399/741!

Koocvgtkgnng!cpnèiucmvkxgt! 22 383/321! 399/741!

Itwpfg!qi!d{ipkpigt! 215/283! 227/;94!

Rtqfwmvkqpucpnèi!qi!ocumkpgt! 24/721! 38/453!

Cpftg!cpnèi-!ftkhvuocvgtkgn!qi!kpxgpvct! 49/474! 52/4;9!

Kpftgvpkpi!ch!nglgfg!nqmcngt! 3/392! 4/257!

Ocvgtkgnng!cpnèiucmvkxgt! 23 269/537! 299/97;!

Vkniqfgjcxgpfgt!jqu!cuuqekgtgfg!xktmuqojgfgt! 28/123! 23/619!

Cpftg!xètfkrcrktgt!qi!mcrkvcncpfgng! 31/518! 31/337!

Hkpcpukgnng!cpnèiucmvkxgt! 24 ;;;;;;;;;;! 48/52;! 43/845!

Cpnèiucmvkxgt! 579/166! 621/344!

Tçxctgt!qi!jlènrgocvgtkcngt! 8/4;9! 9/355!

Xctgdgjqnfpkpigt! 8/4;9! 9/355!

Vkniqfgjcxgpfgt!htc!ucni!qi!vlgpguvg{fgnugt! 34;/47;! 344/68;!

Kicpixètgpfg!ctdglfgt!hqt!htgoogf!tgipkpi! 8/211! 5/568!

Wfumwfv!umcv! 26 6/727! 6/194!

Cpftg!vkniqfgjcxgpfgt! 46/192! 47/223!

Vkniqfgjcxgpfgt!jqu!xktmuqojgfufgnvcigtg!qi!ngfgnug! 237! 841!

Rgtkqfgchitèpupkpiurquvgt! 27 24/633! 4/676!

Vkniqfgjcxgpfgt! 411/925! 394/637!

Cpftg!xètfkrcrktgt!qi!mcrkvcncpfgng! ;4/;73! ;1/841!

Xètfkrcrktgt!qi!mcrkvcncpfgng! ;4/;73! ;1/841!

Nkmxkfg!dgjqnfpkpigt! 57/834! 52/678!

Qouèvpkpiucmvkxgt! 559/9;8! 535/178!

Cmvkxgt! ;27/;63! $! ;45/411!

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L{um!H{pumg!Ogfkgt!R0U! 24

Mqpegtpgpu!dcncpeg!rt/!42/23/3128!

Pqvg3128v/mt/

3127v/mt/

Xktmuqojgfumcrkvcn! 36/111! 36/111!

Qxgthútv!qxgtumwf!gnngt!wpfgtumwf! 323/814! 2;7/589!

Gigpmcrkvcn!vknjútgpfg!oqfgtugnumcdgvu!mcrkvcnglgtg 348/814! 332/589!

Gigpmcrkvcn!vknjútgpfg!okpqtkvgvukpvgtguugt! 3/391! 2/564!

Gigpmcrkvcn! 34;/;94! 333/;42!

Iènf!vkn!tgcnmtgfkvkpuvkvwvvgt! 9;/128! 25/984!

Ncpihtkuvgfg!iènfuhqtrnkivgnugt! 28 9;/128! 25/984!

Mqtvhtkuvgv!fgn!ch!ncpihtkuvgfg!iènfuhqtrnkivgnugt! 28 5/522! 3/615!

Dcpmiènf! ;4/262! 2;;/;;7!

Oqfvcipg!hqtwfdgvcnkpigt!htc!mwpfgt! 335/234! 347/321!

Ngxgtcpfútgt!ch!xctgt!qi!vlgpguvg{fgnugt! 86/733! 67/192!

Iènf!vkn!xktmuqojgfufgnvcigtg!qi!ngfgnug! 2/;29! 6/936!

Um{nfki!ugnumcduumcv! 7/574! 3/484!

Cpfgp!iènf! 29 279/354! 292/;65!

Rgtkqfgchitèpupkpiurquvgt! 2; 25/132! 22/664!

Mqtvhtkuvgfg!iènfuhqtrnkivgnugt! 698/;63! 7;7/5;7!

Iènfuhqtrnkivgnugt! 787/;7;! 822/47;!

Rcuukxgt! ;27/;63! ;45/411!

Dgikxgpjgfgt!ghvgt!dcncpegfcigp! 2

Cuuqekgtgfg!xktmuqojgfgt! 25

Kmmg.kpftgipgfg!nglg.!qi!ngcukpihqtrnkivgnugt! 32

Gxgpvwcnhqtrnkivgnugt! 33

Rcpvuèvpkpigt!qi!ukmmgtjgfuuvknngnugt! 34

Vtcpucmvkqpgt!ogf!pètvuvçgpfg!rctvgt! 35

Fcvvgtxktmuqojgfgt! 36

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L{um!H{pumg!Ogfkgt!R0U! 25

Mqpegtpgpu!gigpmcrkvcnqriútgnug!hqt!3128!Mqpegtpgpu!gi gpmcrkvcnqriútgnug!hqt!3128 !

Xktmuqo.jgfumcrkvcn

v/mt/

Qxgthútv!qxgtumwf!gnngt!

wpfgtumwfv/mt/

Gigpmcrkvcn!vknjútgpfg!

okpqtkvgvu.!kpvgtguugt

v/mt/K!cnvv/mt/

Gigpmcrkvcn!rtkoq! 36/111! 2;7/589! 2/564! 333/;42!

Ghhgmv!ch!xktmuqojgfuucni!q/n/!

1! 1! 91! 91!

Fciuxètfktgiwngtkpi!ch!ukmtkpiukpuvtwogpvgt!

1! 339! 1! 339!

Çtgvu!tguwnvcv! 1! 26/;;8! 858! 27/855!

Gigpmcrkvcn!wnvkoq! 36/111! 323/814! 3/391! 34;/;94!

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L{um!H{pumg!Ogfkgt!R0U! 26

Mqpegtpgpu!rgpiguvtúouqriútgnug!hqt!3128!Mqpegtpgpu!rgpi guvtúouqriútgnug!hqt!3128 !

Pqvg3128v/mt/

3127v/mt/

Ftkhvutguwnvcv! 27/;38! )214/2;7*

Ch.!qi!pgfumtkxpkpigt! 87/115! 99/;43!

Èpftkpigt!k!ctdglfumcrkvcn! 31 )32/763* )51/;89*

Rgpiguvtúoog!xgftútgpfg!rtkoèt!ftkhv! 82/38;! )66/353*

Oqfvcipg!hkpcpukgnng!kpfvèivgt! 4/5;;! 6/448!

Dgvcnvg!hkpcpukgnng!qomquvpkpigt! )5/9;1* )5/3;7*

Rgpiguvtúoog!xgftútgpfg!ftkhv! 7;/999! )65/312*

Múd!ox/!ch!koocvgtkgnng!cpnèiucmvkxgt! )59/958* )28/776*

Ucni!ch!koocvgtkgnng!cpnèiucmvkxgt! 42/838! 1!

Múd!ox/!ch!ocvgtkgnng!cpnèiucmvkxgt! )28/2;2* )2;/983*

Ucni!ch!ocvgtkgnng!cpnèiucmvkxgt! 6/281! 9;;!

Múd!ch!xktmuqojgfgt! )381* 1!

Oqfvcipg!wfd{vvgt!htc!cuuqekgtgfg!xktmuqojgfgt! 1! 5/111!

Oqfvcipg!chftci! )5/615* 24/589!

Oqfvcipg!wfd{vvg!htc!mcrkvcncpfgng! 566! 1!

Rgpiguvtúoog!xgftútgpfg!kpxguvgtkpigt! )44/571* )2;/271*

Qrvcignug!ch!nçp! ;3/26;! 1!

Chftci!rç!nçp!ox/! )6/;64* )4/984*

Chftci!rç!ngcukpihqtrnkivgnugt! )589* 1!

Ucni!ch!cpftg!xètfkrcrktgt!qi!mcrkvcncpfgng! 1! 59/416!

Kpfhtkgnug!ch!tgcnmtgfkvnçp! )21/266* 1!

Rgpiguvtúoog!xgftútgpfg!hkpcpukgtkpi! 86/684! 55/543!

Èpftkpi!k!nkmxkfgt! 223/112! )39/;3;*

Nkmxkfgt!rtkoq! )269/53;* )23;/611*

Nkmxkfgt!wnvkoq! )57/539* )269/53;*

Nkmxkfgt!wnvkoq!ucoogpuèvvgt!uki!ch<!

Nkmxkfg!dgjqnfpkpigt! 57/834! 52/678!

Mqtvhtkuvgv!iènf!vkn!dcpmgt!! );4/262* )2;;/;;7*

Nkmxkfgt!wnvkoq! )57/539* )269/53;*

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L{um!H{pumg!Ogfkgt!R0U! 27

Mqpegtpgpu!pqvgt!Mqpegtpgpu!pqvgt!

2/!Dgikxgpjgfgt!ghvgt!dcncpegfcigp!

Fgt!gt!htc!dcncpegfcigp!qi!htgo!vkn!k!fci!kmmg!kpfvtçfv!hqtjqnf-!uqo!hqtt{mmgt!xwtfgtkpigp!ch!çtutcrrqtvgp/!

3128v/mt/

3127v/mt/

3/!Pgvvqqouèvpkpi!

Fcidncfg!ox/! 2/442/;9;! 2/481/569!

Urgekcnogfkgt!ox/! 442/231! 394/197!

Úxtkig! 2;8/287! 349/563!

2/971/396! 2/9;2/;;7!

Pgvvqqouèvpkpigp!gt!kmmg!qrfgnv!k!igqitchkumg!ugiogpvgt-!fc!cn!cmvkxkvgv!gt!k!Fcpoctm/!

3128v/mt/

3127v/mt/

4/!Cpftg!ftkhvukpfvèivgt!

Jwunglgkpfvèivgt! 6/3;1! 8/6;1!

Ucniu.!qi!cfokpkuvtcvkqpuchvcngt! 4/;29! 5/;77!

Rtqfwmvkqpuuvúvvg! 83/2;6! 87/274!

Hqtvlgpguvg!xgf!ucni!ch!cpnèiucmvkxgt-!uvtglmghqpf!qi!úxtkig!ftkhvukpfvèivgt 52/364! 21/554!

233/767! ;;/273!

3128v/mt/

3127v/mt/

5/!Jqpqtct!vkn!igpgtcnhqtuconkpiuxcniv!tgxkuqt!

Nqxrnkivki!tgxkukqp! 723! 716!

Cpftg!gtmnètkpiuqricxgt!ogf!ukmmgtjgf! 92! 61!

Umcvvgtçfikxpkpi! 371! 361!

Cpftg!{fgnugt! 533! 62!

2/486! ;67!

3128v/mt/

3127v/mt/

6/!Rgtuqpcngqomquvpkpigt!

Icigt!qi!núppkpigt! 916/896! 979/252!

Rgpukqpgt! 67/813! 67/2;8!

Cpftg!qomquvpkpigt!vkn!uqekcn!ukmtkpi! 25/847! 25/29;!

988/334! ;49/638!

Igppgoupkvnkiv!cpvcn!hwnfvkfucpucvvg!ogfctdglfgtg! 2/874! 2/8;4!

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L{um!H{pumg!Ogfkgt!R0U! 28

Mqpegtpgpu!pqvgt!

Ngfgnugu.!xgfgtnci

3128v/mt/

Ngfgnugu.!xgfgtnci

3127v/mt/

Fktgmvkqp! 22/236! 21/653!

Dguv{tgnug! 2/374! 1!

23/499! 21/653!

Çtgvu!ngfgnuguxgfgtnci!gt!kpmnwukx!xgfgtnci!vkn!htcvtçfvg!ngfgnuguogfngoogt/!

3128v/mt/

3127v/mt/

7/!Ch.!qi!pgfumtkxpkpigt!

Chumtkxpkpigt!rç!koocvgtkgnng!cpnèiucmvkxgt! 44/651! 48/921!

Chumtkxpkpigt!rç!ocvgtkgnng!cpnèiucmvkxgt! 53/575! 55/;51!

Pgfumtkxpkpigt!ch!ocvgtkgnng!cpnèiucmvkxgt! 1! 9/632!

Vcd!qi!igxkpuv!xgf!ucni!ch!koocvgtkgnng!qi!ocvgtkgnng!cpnèiucmvkxgt! )2/;71* )3/44;*

85/155! 99/;43!

3128v/mt/

3127v/mt/

8/!Cpftg!hkpcpukgnng!kpfvèivgt!

Tgpvgkpfvèivgt!k!úxtkiv! 4/5;;! 6/448!

4/5;;! 6/448!

3128v/mt/

3127v/mt/

9/!Cpftg!hkpcpukgnng!qomquvpkpigt!

Hkpcpukgnng!qomquvpkpigt!htc!cuuqekgtgfg!xktmuqojgfgt! 1! 89!

Tgpvgqomquvpkpigt!k!úxtkiv! 5/9;1! 5/329!

5/9;1! 5/3;7!

3128v/mt/

3127v/mt/

;/!Umcv!ch!çtgvu!tguwnvcv!

Cmvwgn!umcv! 5/348! 4/421!

Èpftkpi!ch!wfumwfv!umcv! )644* )5/4;9*

Tgiwngtkpi!xgftútgpfg!vkfnkigtg!çt! )233* )2*

4/693! )2/19;*

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L{um!H{pumg!Ogfkgt!R0U! 29

Mqpegtpgpu!pqvgt!

3128v/mt/

3127v/mt/

21/!Hqtunci!vkn!tguwnvcvfkurqpgtkpi!

Qxgthútv!tguwnvcv! 26/;;8! $$$! );9/642*

Okpqtkvgvukpvgtguugtu!cpfgn!ch!tguwnvcvgv! 858! 237!

27/855! $$$! );9/516*

Iqqfyknnv/mt/

22/!Koocvgtkgnng!cpnèiucmvkxgt!

Mquvrtku!rtkoq! 458/39;!

Vknicpig! 59/958!

Chicpig! )44/168*

Mquvrtku!wnvkoq! 474/18;!

Ch.!qi!pgfumtkxpkpigt!rtkoq! )69/76;*

Çtgvu!chumtkxpkpigt! )44/651*

Vkndcighútugn!xgf!chicpig! 2/441!

Ch.!qi!pgfumtkxpkpigt!wnvkoq! );1/97;*

Tgipumcduoèuuki!xètfk!wnvkoq! 383/321!

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L{um!H{pumg!Ogfkgt!R0U! 2;

Mqpegtpgpu!pqvgt!

Itwpfg!qi!d{ipkpigt

v/mt/

Rtqfwm.vkqpucpnèi!

qi!ocumkpgtv/mt/

Cpftg!cpnèi-!ftkhvu.!

ocvgtkgn!qi!kpxgpvct

v/mt/

Kpftgvpkpi!ch!nglgfg!nqmcngt

v/mt/

23/!Ocvgtkgnng!cpnèiucmvkxgt!

Mquvrtku!rtkoq! 243/586! 65/195! ;5/125! 5/889!

Qxgthútungt! 1! )2/331* 2/331! 1!

Vknicpig! 682! 966! 26/876! 1!

Chicpig! )7/456* 1! )2/612* 1!

Mquvrtku!wnvkoq! 237/812! 64/82;! 21;/5;9! 5/889!

Vkndcighútugn!xgf!chicpig! 2/587! 1! 1! 1!

Qrumtkxpkpigt!wnvkoq! 2/587! 1! 1! 1!

Ch.!qi!pgfumtkxpkpigt!rtkoq )26/5;3* )37/853* )63/727* )2/743*

Qxgthútungt! 1! 2/331! )2/331* 1!

Çtgvu!chumtkxpkpigt! )9/624* )25/698* )29/5;;* )976*

Vkndcighútugn!xgf!chicpig! 1! 1! 2/311! 1!

Ch.!qi!pgfumtkxpkpigt!wnvkoq!

)35/116* )51/21;* )82/246* )3/5;8*

Tgipumcduoèuuki!xètfk!wnvkoq!

215/283! 24/721! 49/474! 3/392!

Vkniqfg.jcxgpfgt!

jqu!cuuqekgtgfg!

xktm.uqojgfgt

v/mt/

Cpftg!xètfk.

rcrktgt!qi!mcrkvcn.

cpfgngv/mt/

24/!Hkpcpukgnng!cpnèiucmvkxgt!

Mquvrtku!rtkoq! 22/618! 31/865!

Mquvrtku!wnvkoq! 22/618! 31/865!

Qrumtkxpkpigt!rtkoq! 2/112! )639*

Çtgvu!qrumtkxpkpigt! 5/615! 747!

Cpftg!tgiwngtkpigt! 1! )566*

Qrumtkxpkpigt!wnvkoq! 6/616! )458*

Tgipumcduoèuuki!xètfk!wnvkoq! 28/123! 31/518!

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L{um!H{pumg!Ogfkgt!R0U! 31

Mqpegtpgpu!pqvgt!

Jlgouvgf!

Glgt.cpfgn

&

25/!Cuuqekgtgfg!xktmuqojgfgt!

Ogfkgjwugv!Dknnwpf!CrU! Dknnwpf! 61-1!

Wigcxkugp!Gudlgti!M0U! Gudlgti! 61-1!

Mqorngogpvctugnumcdgv!Wigcxkugp!Gudlgti!C0U! Gudlgti! 61-1!

3128v/mt/

26/!Wfumwfv!umcv!

Dgxèignugt!k!çtgv!

Rtkoq! 6/194!

Kpftgipgv!k!tguwnvcvqriútgnugp! 644!

Wnvkoq!! 6/727!

27/!Rgtkqfgchitèpupkpiurquvgt!

Rgtkqfgchitèpupkpiurquvgt!qohcvvgt!hqtwfdgvcnvg!qomquvpkpigt-!uqo!xgftútgt!ghvgthúnigpfg!çt/!!

Hqthcnf!kpfgp!hqt!23!

oçpgfgt3128v/mt/

Hqthcnf!kpfgp!hqt!23!

oçpgfgt3127v/mt/

Hqthcnf!ghvgt!23!oçpgfgt

3128v/mt/

Tguviènf!ghvgt!6!çt

v/mt/

28/!Ncpihtkuvgfg!iènfuhqtrnkivgnugt!Iènf!vkn!tgcnmtgfkvkpuvkvwvvgt!

5/522! 3/615! 9;/128! 81/712!

5/522! 3/615! 9;/128! 81/712!

3128v/mt/

3127v/mt/

29/!Cpfgp!iènf!

Oqou!qi!chikhvgt! 27/615! 7/83;!

Um{nfki!núp-!C.umcv-!uqekcng!dkftci!o/o/! 222/583! 241/873!

Cpftg!um{nfkig!qomquvpkpigt! 51/378! 55/574!

279/354! 292/;65!

2;/!Rgtkqfgchitèpupkpiurquvgt!

Rgtkqfgchitèpupkpiurquvgt!xgftútgt!rgtkqfkugtkpi!ch!kpfvèivgt/!!

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L{um!H{pumg!Ogfkgt!R0U! 32

Mqpegtpgpu!pqvgt!

3128v/mt/

3127v/mt/

31/!Èpftkpi!k!ctdglfumcrkvcn!

Èpftkpi!k!xctgdgjqnfpkpigt! 535! 2/553!

Èpftkpi!k!vkniqfgjcxgpfgt! )33/83;* )4/13;*

Èpftkpi!k!ngxgtcpfútiènf!ox/! 764! )4;/4;2*

)32/763* )51/;89*

3128v/mt/

3127v/mt/

32/!Kmmg.kpftgipgfg!nglg.!qi!ngcukpihqtrnkivgnugt!

Hqtrnkivgnugt!k!jgpjqnf!vkn!nglg.!gnngt!ngcukpimqpvtcmvgt!ogf!vtgflgocpf!htgo!vkn!wfnúd!

94/432! ;3/779!

33/!Gxgpvwcnhqtrnkivgnugt!

Mqpegtpgp!jct!gp! xgtugtgpfg!uci!jqu!fg!fcpumg!mqpmwttgpego{pfkijgfgt/!Fgt! hqtxgpvgu! kmmg! vcd!uqo!

húnig!ch!ucigp/!

34/!Rcpvuèvpkpigt!qi!ukmmgtjgfuuvknngnugt!

Rtkqtkvgvuiènf!ogf!gp!dqihútv!xètfk!rç!;4/539!v/mt/!gt!ukmtgv!xgf!rcpv!k!glgpfqoog!ogf!gp!dqihútv!xètfk!

rç!;6/271!v/mt/!Rcpvgv!qohcvvgt!jgtwfqxgt!fg!vkn!glgpfqoogpg!jútgpfg!rtqfwmvkqpucpnèi!qi!ocumkpgt/!

Mcrkvcnkpfumwf! k!Fgp!Fcpumg!Rtguugu!HènngukpfmúduHqtgpkpi!rç!pqo/!4/551!v/mt/! vlgpgt! vkn!ukmmgtjgf! hqt!

ugnumcdgvu!iènf!k!hqtgpkpigp/!Kpfumwffgvu!tgipumcduoèuukig!xètfk!wfiút!7/762!v/mt/!

Cpftg!pètvuvçgpfg!

rctvgtv/mt/

35/!Vtcpucmvkqpgt!ogf!pètvuvçgpfg!rctvgt!

Múd!ch!vlgpguvg{fgnugt! 31/277!

Ucni!ch!vlgpguvg{fgnugt! 3/681!

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L{um!H{pumg!Ogfkgt!R0U! 33

Mqpegtpgpu!pqvgt!

Jlgouvgf!Tgvu.!hqto!

Glgt.cpfgn

&

36/!Fcvvgtxktm.!uqojgfgt!

IwnqiItcvku/fm!C0U! Qfgpug! C0U! 211-1!

Kpvgt.Itcrjkeu/fm!CrU! Xglng! C0U! 211-1!

Tcfkq!Xkevqt!C0U! Gudlgti! C0U! 211-1!

Tcfkq!Umcnc!C0U! Mqnfkpi! C0U! 211-1!

Fgv!Uúpfgtl{umg!Ogfkcugnumcd!CrU! Gudlgti! CrU! 211-1!

Wigcxkugp!Pqtfh{p!C0U! Pqtfh{p! C0U! 211-1!

UVGR!C0U! Qfgpug! C0U! 211-1!

Tcfkq!Jqnuvgf!C0U! Gudlgti! C0U! 211-1!

Yqgtm!CrU! Qfgpug! CrU! 211-1!

XkFkDknk!Hkno!H{p!CrU! Qfgpug! CrU! 211-1!

XkFkDknk!Hkno!FM!CrU! Qfgpug! CrU! 211-1!

HO!Cfugtxkpi!CrU! Qfgpug! CrU! 81-1!

LHO!Itwrrgp!CrU! Xglng! CrU! 211-1!

Fgcn/fm!C0U! Qfgpug! C0U! 76-1!

IGQ35!CrU! Xglng! CrU! 211-1!

Tcfkq!Ejctnkg!CrU! Xglng! CrU! 211-1!

OkpfTqemgv!CrU! Xglng! CrU! 62-1!

Wigcxkugtpg!ch!2607.3128!C0U! Xglng! C0U! 91-1!

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L{um!H{pumg!Ogfkgt!R0U! 34

Oqfgtxktmuqojgfgpu!tguwnvcvqriútgnug!hqt!3128!Oqfgtxktmuq ojgfgpu!tguwnvcvqriútgnug!hqt!3128 !

Pqvg3128v/mt/

3127v/mt/

Pgvvqqouèvpkpi! 3 2/561/259! 2/635/;17!

Cpftg!ftkhvukpfvèivgt! 4 26;/487! ;9/244!

Qomquvpkpigt!vkn!tçxctgt!qi!jlènrgocvgtkcngt! )442/267* )487/;7;*

Cpftg!gmuvgtpg!qomquvpkpigt! )4;4/247* )533/951*

Dtwvvqtguwnvcv! 996/343! 934/341!

Rgtuqpcngqomquvpkpigt! 5 )88;/827* )956/93;*

Ch.!qi!pgfumtkxpkpigt! 6 )69/883* )74/146*

Ftkhvutguwnvcv! 57/855! )96/745*

Kpfvèivgt!ch!mcrkvcncpfgng!k!vknmp{vvgfg!xktmuqojgfgt! )46/722* )27/531*

Kpfvèivgt!ch!mcrkvcncpfgng!k!cuuqekgtgfg!xktmuqojgfgt! 2/157! 2/318!

Kpfvèivgt!ch!cpftg!hkpcpukgnng!cpnèiucmvkxgt! 6/24;! 3/772!

Cpftg!hkpcpukgnng!kpfvèivgt! 7 4/929! 4/;;;!

Cpftg!hkpcpukgnng!qomquvpkpigt! 8 )6/24;* )5/455*

Çtgvu!tguwnvcv! 9 26/;;8! $! );9/642*

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L{um!H{pumg!Ogfkgt!R0U! 35

Oqfgtxktmuqojgfgpu!dcncpeg!rt/!42/23/3128!Oqfgtxktmuq ojgfgpu!d cncpeg!rt/!42/23/3128

Pqvg3128v/mt/

3127v/mt/

Iqqfyknn! 296/9;1! 319/962!

Koocvgtkgnng!cpnèiucmvkxgt! ; 296/9;1! 319/962!

Itwpfg!qi!d{ipkpigt! 213/2;8! 225/;64!

Rtqfwmvkqpucpnèi!qi!ocumkpgt! 24/721! 38/453!

Cpftg!cpnèi-!ftkhvuocvgtkgn!qi!kpxgpvct! 43/;64! 43/321!

Kpftgvpkpi!ch!nglgfg!nqmcngt! 2/798! 3/388!

Ocvgtkgnng!cpnèiucmvkxgt! 21 261/558! 287/893!

Mcrkvcncpfgng!k!vknmp{vvgfg!xktmuqojgfgt! ;;;;;;;;;;! 89/222! 224/833!

Mcrkvcncpfgng!k!cuuqekgtgfg!xktmuqojgfgt! 4/796! 4/;52!

Vkniqfgjcxgpfgt!jqu!cuuqekgtgfg!xktmuqojgfgt! 28/123! 23/619!

Cpftg!xètfkrcrktgt!qi!mcrkvcncpfgng! 31/519! 31/337!

Hkpcpukgnng!cpnèiucmvkxgt! 22 ;;;;;;;;;;! 22;/327! 261/4;8!

Cpnèiucmvkxgt! 566/664! 647/141!

Tçxctgt!qi!jlènrgocvgtkcngt! 5/618! 6/5;8!

Xctgdgjqnfpkpigt! 5/618! 6/5;8!

Vkniqfgjcxgpfgt!htc!ucni!qi!vlgpguvg{fgnugt! 34;/364! 368/769!

Kicpixètgpfg!ctdglfgt!hqt!htgoogf!tgipkpi! 1! 2;9!

Vkniqfgjcxgpfgt!jqu!vknmp{vvgfg!xktmuqojgfgt! 7;/569! 54/683!

Vkniqfgjcxgpfgt!jqu!cuuqekgtgfg!xktmuqojgfgt! 22/586! 464!

Cpftg!vkniqfgjcxgpfgt! 3;/644! 42/678!

Vkniqfgjcxgpfgt!jqu!xktmuqojgfufgnvcigtg!qi!ngfgnug! 237! 841!

Rgtkqfgchitèpupkpiurquvgt! 23 22/457! 9/218!

Vkniqfgjcxgpfgt! 472/2;2! 453/296!

Cpftg!xètfkrcrktgt!qi!mcrkvcncpfgng! ;4/569! ;1/836!

Xètfkrcrktgt!qi!mcrkvcncpfgng! ;4/569! ;1/836!

Nkmxkfg!dgjqnfpkpigt! 6/361! ;/182!

Qouèvpkpiucmvkxgt! 575/517! 558/589!

Cmvkxgt! ;2;/;6;! $! ;94/619!

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L{um!H{pumg!Ogfkgt!R0U! 36

Oqfgtxktmuqojgfgpu!dcncpeg!rt/!42/23/3128!

Pqvg3128v/mt/

3127v/mt/

Xktmuqojgfumcrkvcn! 24 36/111! 36/111!

Qxgthútv!qxgtumwf!gnngt!wpfgtumwf! 323/814! 2;7/589!

Gigpmcrkvcn! 348/814! 332/589!

Iènf!vkn!tgcnmtgfkvkpuvkvwvvgt! 9;/128! 25/984!

Ncpihtkuvgfg!iènfuhqtrnkivgnugt! 25 9;/128! 25/984!

Mqtvhtkuvgv!fgn!ch!ncpihtkuvgfg!iènfuhqtrnkivgnugt! 25 5/522! 3/615!

Dcpmiènf! ;4/248! 31;/74;!

Oqfvcipg!hqtwfdgvcnkpigt!htc!mwpfgt! 333/758! 345/19;!

Ngxgtcpfútgt!ch!xctgt!qi!vlgpguvg{fgnugt! 83/339! 85/158!

Iènf!vkn!vknmp{vvgfg!xktmuqojgfgt! 64/7;3! 64/395!

Iènf!vkn!cuuqekgtgfg!xktmuqojgfgt! 92! 2/992!

Iènf!vkn!xktmuqojgfufgnvcigtg!qi!ngfgnug! 2/;4;! 4/641!

Cpfgp!iènf! 26 251/;67! 274/649!

Rgtkqfgchitèpupkpiurquvgt! 27 5/259! 5/756!

Mqtvhtkuvgfg!iènfuhqtrnkivgnugt! 6;4/34;! 858/268!

Iènfuhqtrnkivgnugt! 793/367! 873/141!

Rcuukxgt! ;2;/;6;! ;94/619!

Dgikxgpjgfgt!ghvgt!dcncpegfcigp! 2

Kmmg.kpftgipgfg!nglg.!qi!ngcukpihqtrnkivgnugt! 28

Gxgpvwcnhqtrnkivgnugt! 29

Rcpvuèvpkpigt!qi!ukmmgtjgfuuvknngnugt! 2;

Vtcpucmvkqpgt!ogf!pètvuvçgpfg!rctvgt! 31

Page 28: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

L{um!H{pumg!Ogfkgt!R0U! 37

Oqfgtxktmuqojgfgpu!gigpmcrkvcnqriútgnug!hqt!3128!Oqfgtxktmuq ojgfgpu! gigp mcrkvcnqriútgnug! hqt!3128

Xktmuqo.jgfumcrkvcn

v/mt/

Qxgthútv!qxgtumwf!gnngt!

wpfgtumwfv/mt/

K!cnvv/mt/

Gigpmcrkvcn!rtkoq! 36/111! 2;7/589! 332/589!

Fciuxètfktgiwngtkpi!ch!ukmtkpiukpuvtwogpvgt!

1! 339! 339!

Çtgvu!tguwnvcv! 1! 26/;;8! 26/;;8!

Gigpmcrkvcn!wnvkoq! 36/111! 323/814! 348/814!

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L{um!H{pumg!Ogfkgt!R0U! 38

Oqfgtxktmuqojgfgpu!pqvgt!Oqfgtxktmuq ojgfgpu!pqvgt

2/!Dgikxgpjgfgt!ghvgt!dcncpegfcigp!

Fgt!gt!htc!dcncpegfcigp!qi!htgo!vkn!k!fci!kmmg!kpfvtçfv!hqtjqnf-!uqo!hqtt{mmgt!xwtfgtkpigp!ch!çtutcrrqtvgp/!

3128v/mt/

3127v/mt/

3/!Pgvvqqouèvpkpi!

Fcidncfg!ox/! 2/389/;22! 2/478/5;5!

Urgekcnogfkgt!ox/! 228/721! 215/898!

Úxtkig! 64/738! 63/736!

2/561/259! 2/635/;17!

Pgvvqqouèvpkpigp!gt!kmmg!qrfgnv!k!igqitchkumg!ugiogpvgt-!fc!cn!cmvkxkvgv!gt!k!Fcpoctm/!

3128v/mt/

3127v/mt/

4/!Cpftg!ftkhvukpfvèivgt!

Jwunglgkpfvèivgt! 7/493! 8/491!

Ucniu.!qi!cfokpkuvtcvkqpuchvcngt! 3/681! 5/;77!

Rtqfwmvkqpuuvúvvg! 83/2;6! 87/274!

Hqtvlgpguvg!xgf!ucni!ch!cpnèiucmvkxgt-!uvtglmghqpf!qi!úxtkig!ftkhvukpfvèivgt 89/33;! ;/735!

26;/487! ;9/244!

3128v/mt/

3127v/mt/

5/!Rgtuqpcngqomquvpkpigt!

Icigt!qi!núppkpigt! 827/987! 894/393!

Rgpukqpgt! 5;/724! 5;/;39!

Cpftg!qomquvpkpigt!vkn!uqekcn!ukmtkpi! 24/338! 23/72;!

88;/827! 956/93;!

Igppgoupkvnkiv!cpvcn!hwnfvkfucpucvvg!ogfctdglfgtg! 2/685! 2/6;3!

Ngfgnugu.!xgfgtnci

3128v/mt/

Ngfgnugu.!xgfgtnci

3127v/mt/

Fktgmvkqp! 22/236! 21/653!

Dguv{tgnug! 2/374! 1!

23/499! 21/653!

Çtgvu!ngfgnuguxgfgtnci!gt!kpmnwukx!xgfgtnci!vkn!htcvtçfvg!ngfgnuguogfngoogt/!

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L{um!H{pumg!Ogfkgt!R0U! 39

Oqfgtxktmuqojgfgpu!pqvgt!

3128v/mt/

3127v/mt/

6/!Ch.!qi!pgfumtkxpkpigt!

Chumtkxpkpigt!rç!koocvgtkgnng!cpnèiucmvkxgt! 33/465! 36/284!

Chumtkxpkpigt!rç!ocvgtkgnng!cpnèiucmvkxgt! 49/368! 49/181!

Pgfumtkxpkpigt!ch!ocvgtkgnng!cpnèiucmvkxgt! 1! 889!

Vcd!qi!igxkpuv!xgf!ucni!ch!koocvgtkgnng!qi!ocvgtkgnng!cpnèiucmvkxgt! )2/94;* );97*

69/883! 74/146!

3128v/mt/

3127v/mt/

7/!Cpftg!hkpcpukgnng!kpfvèivgt!

Hkpcpukgnng!kpfvèivgt!htc!vknmp{vvgfg!xktmuqojgfgt! 528! 383!

Tgpvgkpfvèivgt!k!úxtkiv! 4/512! 4/838!

4/929! 4/;;;!

3128v/mt/

3127v/mt/

8/!Cpftg!hkpcpukgnng!qomquvpkpigt!

Hkpcpukgnng!qomquvpkpigt!htc!vknmp{vvgfg!xktmuqojgfgt! 866! 334!

Tgpvgqomquvpkpigt!k!úxtkiv! 5/495! 5/232!

6/24;! 5/455!

3128v/mt/

3127v/mt/

9/!Hqtunci!vkn!tguwnvcvfkurqpgtkpi!

Qxgthútv!tguwnvcv! 26/;;8! $$$! );9/642*

26/;;8! $$$! );9/642*

Iqqfyknnv/mt/

;/!Koocvgtkgnng!cpnèiucmvkxgt!

Mquvrtku!rtkoq! 354/343!

Vknicpig! 42/231!

Chicpig! )44/168*

Mquvrtku!wnvkoq! 352/3;6!

Ch.!qi!pgfumtkxpkpigt!rtkoq! )45/492*

Çtgvu!chumtkxpkpigt! )33/465*

Vkndcighútugn!xgf!chicpig! 2/441!

Ch.!qi!pgfumtkxpkpigt!wnvkoq! )66/516*

Tgipumcduoèuuki!xètfk!wnvkoq! 296/9;1!

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L{um!H{pumg!Ogfkgt!R0U! 3;

Oqfgtxktmuqojgfgpu!pqvgt!

Itwpfg!qi!d{ipkpigt

v/mt/

Rtqfwm.vkqpucpnèi!

qi!ocumkpgtv/mt/

Cpftg!cpnèi-!ftkhvu.!

ocvgtkgn!qi!kpxgpvct

v/mt/

Kpftgvpkpi!ch!nglgfg!nqmcngt

v/mt/

21/!Ocvgtkgnng!cpnèiucmvkxgt!

Mquvrtku!rtkoq! 238/781! 65/195! 65/488! 4/347!

Vknicpig! 682! 966! 26/756! 1!

Chicpig! )7/456* 1! )2/1;2* 1!

Mquvrtku!wnvkoq! 232/9;7! 65/;4;! 79/;42! 4/347!

Ch.!qi!pgfumtkxpkpigt!rtkoq )23/828* )37/853* )33/278* );6;*

Çtgvu!chumtkxpkpigt! )9/569* )25/698* )25/733* )6;1*

Vkndcighútugn!xgf!chicpig! 2/587! 1! 922! 1!

Ch.!qi!pgfumtkxpkpigt!wnvkoq!

)2;/7;;* )52/43;* )46/;89* )2/65;*

Tgipumcduoèuuki!xètfk!wnvkoq!

213/2;8! 24/721! 43/;64! 2/798!

Mcrkvcn.cpfgng!k!

vknmp{vvgfg!xktm.

uqojgfgtv/mt/

Mcrkvcn.cpfgng!k!

cuuqekgtgfg!xktm.

uqojgfgtv/mt/

Vkniqfg.jcxgpfgt!jqu!

cuuqekgtgfg!xktm.

uqojgfgtv/mt/

Cpftg!xètfk.rcrktgt!qi!

mcrkvcn.cpfgng

v/mt/

22/!Hkpcpukgnng!cpnèiucmvkxgt!

Mquvrtku!rtkoq! 241/192! 3/87;! 22/618! 31/865!

Mquvrtku!wnvkoq! 241/192! 3/87;! 22/618! 31/865!

Qrumtkxpkpigt!rtkoq! )27/46;* 2/283! 2/112! )639*

Cpfgn!ch!çtgvu!tguwnvcv! ;3;! 2/157! 1! 1!

Tgiwngtkpi!kpvgtpg!cxcpegt! )47/651* 1! 1! 1!

Wfd{vvg! 1! )2/413* 1! 1!

Çtgvu!qrumtkxpkpigt! 1! 1! 5/615! 747!

Cpftg!tgiwngtkpigt! 1! 1! 1! )565*

Qrumtkxpkpigt!wnvkoq! )62/;81* ;27! 6/616! )457*

Tgipumcduoèuuki!xètfk!wnvkoq!

89/222! 4/796! 28/123! 31/519!

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L{um!H{pumg!Ogfkgt!R0U! 41

Oqfgtxktmuqojgfgpu!pqvgt!

Jlgouvgf!Tgvu.!hqto!

Glgt.cpfgn

&

Mcrkvcncpfgng!k!cuuqekgtgfg!xktmuqojgfgt!qohcvvgt<!

Ogfkgjwugv!Dknnwpf!CrU! Dknnwpf! CrU! 61-1!

Wigcxkugp!Gudlgti!M0U! Gudlgti! M0U! 61-1!

Mqorngogpvctugnumcdgv!Wigcxkugp!Gudlgti!C0U! Gudlgti! C0U! 61-1!

23/!Rgtkqfgchitèpupkpiurquvgt!

Rgtkqfgchitèpupkpiurquvgt!qohcvvgt!hqtwfdgvcnvg!qomquvpkpigt-!uqo!xgftútgt!ghvgthúnigpfg!çt/!!

Cpvcn

Rçn{fgpfg!xètfk

v/mt/

Pqokpgnxètfk

v/mt/

24/!Xktmuqojgfumcrkvcn!

Cmvkgmcrkvcn! 36/111! 2 36/111!

36/111! 36/111!

Hqthcnf!kpfgp!hqt!23!

oçpgfgt3128v/mt/

Hqthcnf!kpfgp!hqt!23!

oçpgfgt3127v/mt/

Hqthcnf!ghvgt!23!oçpgfgt

3128v/mt/

Tguviènf!ghvgt!6!çt

v/mt/

25/!Ncpihtkuvgfg!iènfuhqtrnkivgnugt!Iènf!vkn!tgcnmtgfkvkpuvkvwvvgt!

5/522! 3/615! 9;/128! 81/712!

5/522! 3/615! 9;/128! 81/712!

3128v/mt/

3127v/mt/

26/!Cpfgp!iènf!

Oqou!qi!chikhvgt! 6/27;! 2/921!

Um{nfki!núp-!C.umcv-!uqekcng!dkftci!o/o/! ;9/347! 227/;45!

Cpftg!um{nfkig!qomquvpkpigt! 48/662! 55/8;5!

251/;67! 274/649!

27/!Rgtkqfgchitèpupkpiurquvgt!

!Rgtkqfgchitèpupkpiurquvgt!qohcvvgt!hqtwfhcmvwtgtgfg!kpfvèivgt-!uqo!xgftútgt!ghvgthúnigpfg!çt/!!

3128v/mt/

3127v/mt/

28/!Kmmg.kpftgipgfg!nglg.!qi!ngcukpihqtrnkivgnugt!

Hqtrnkivgnugt!k!jgpjqnf!vkn!nglg.!gnngt!ngcukpimqpvtcmvgt!ogf!vtgflgocpf!htgo!vkn!wfnúd!

94/139! ;3/779!

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L{um!H{pumg!Ogfkgt!R0U! 42

Oqfgtxktmuqojgfgpu!pqvgt!

29/!Gxgpvwcnhqtrnkivgnugt!

Ugnumcdgv!jct!gp!xgtugtgpfg!uci!jqu!fg!fcpumg!mqpmwttgpego{pfkijgfgt/!Fgt!hqtxgpvgu!kmmg!vcd!uqo!húnig!

ch!ucigp/!

2;/!Rcpvuèvpkpigt!qi!ukmmgtjgfuuvknngnugt!

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rç!;6/271!v/mt/!Rcpvgv!qohcvvgt!jgtwfqxgt!fg!vkn!glgpfqoogpg!jútgpfg!rtqfwmvkqpucpnèi!qi!ocumkpgt/!

Mcrkvcnkpfumwf!k!Fgp!Fcpumg!Rtguugu!HènngukpfmúduHqtgpkpi!rç!pqo/!4/551!v/mt/!vlgpgt!vkn!ukmmgtjgf!hqt!ugn.

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31/!Vtcpucmvkqpgt!ogf!pètvuvçgpfg!rctvgt!

Ucni!ch!vlgpguvg{fgnugt! 39/753! 7/435! 3/681!

Múd!ch!vlgpguvg{fgnugt! 45/;76! 1! 31/277!

Ucni!koocvgtkgnng!cmvkxgt! 51/111! 21/111! 1!

Page 34: JFM PS RE 2017 - jfmedier.dkjfmedier.dk/media/2802/jfm-a-rsrapport-2017.pdf · Medlem af Deloitte Touche Tohmatsu Limited Fgnqkvvg! Uvcvucwvqtkugtgv! Tgxkukqpurctvpgtugnumcd! EXT.pt/!44;74667!

L{um!H{pumg!Ogfkgt!R0U! 43

Cpxgpfv!tgipumcdurtcmuku!

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jgfgt/!Wfctdglfgnug!ch!mqpegtptgipumcdgv!umgt!xgf!ucoogpnèipkpi!ch!tgipumcdurquvgt!ch!gpuctvgv!mctcm.

vgt/!Xgf!mqpuqnkfgtkpigp!hqtgvcigu!gnkokpgtkpi!ch!mqpegtpkpvgtpg!kpfvèivgt!qi!qomquvpkpigt-!kpvgtpg!ogn.

ngoxètgpfgt!qi!wfd{vvgt!ucov!hqtvlgpguvgt!qi!vcd!xgf!vtcpucmvkqpgt!ognngo!fg!mqpuqnkfgtgfg!xktmuqojg.

fgt/!Fg!tgipumcdgt-!fgt!cpxgpfgu!vkn!dtwi!hqt!mqpuqnkfgtkpigp-!wfctdglfgu!k!qxgtgpuuvgoognug!ogf!mqp.

egtpgpu!tgipumcdurtcmuku/!!

K!mqpegtptgipumcdgv!kpftgipgu!fcvvgtxktmuqojgfgtpgu!tgipumcdurquvgt!211&/!Rtq!tcvc!mqpuqnkfgtgfg!cu.

uqekgtgfg!xktmuqojgfgt!gnkokpgtgu!hqtjqnfuoèuukiv/!

Mcrkvcncpfgng!k!fcvvgtxktmuqojgfgt!wfnkipgu!ogf!fgp!hqtjqnfuoèuukig!cpfgn!ch!fcvvgtxktmuqojgfgtpgu!pgv.

vqcmvkxgt!rç!qxgtvcignuguvkfurwpmvgv!qrilqtv!vkn!fciuxètfk/!!

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L{um!H{pumg!Ogfkgt!R0U! 44

Cpxgpfv!tgipumcdurtcmuku!

Tguwnvcvqriútgnug!

Pgvvqqouèvpkpi!

Pgvvqqouèvpkpi!xgf!ucni!ch!jcpfgnuxctgt!qi!hètfkixctgt!kpftgipgu!k!tguwnvcvqriútgnugp-!pçt!ngxgtkpi!qi!

tkukmqqxgticpi!vkn!múdgt!jct!hwpfgv!uvgf/!Pgvvqqouèvpkpi!xgf!ucni!ch!vlgpguvg{fgnugt!kpftgipgu!k!tguwnvcv.

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tcdcvvgt!k!hqtdkpfgnug!ogf!ucnigv!qi!oçngu!vkn!ucniuxètfkgp!ch!fgv!hcuvucvvg!xgfgtnci/!

Fgt!ikxgu!qrn{upkpigt!qo!pgvvqqouèvpkpi!rç!hqttgvpkpiuugiogpvgt!qrfgnv! k!cmvkxkvgvgtpg!fcidncfg!ox/-!

urgekcnogfkgt!qi!úxtki!qouèvpkpi/!!

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fwmvkqpuogvqfgp*/!!

Cpftg!ftkhvukpfvèivgt!

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xkvgv-!jgtwpfgt!nglgkpfvèivgt!qi!igxkpuvgt!xgf!ucni!ch!koocvgtkgnng!qi!ocvgtkgnng!cpnèiucmvkxgt/!!

Qomquvpkpigt!vkn!tçxctgt!qi!jlènrgocvgtkcngt!

Qomquvpkpigt!vkn!tçxctgt!qi!jlènrgocvgtkcngt!qohcvvgt!tgipumcduçtgvu!hqtdtwi!ch!tçxctgt!qi!jlènrgocvgtk.

cngt!ghvgt!tgiwngtkpi!hqt!hqtum{fpkpi!k!dgjqnfpkpigt!ch!fkuug!xctgt!ox/!htc!rtkoq!vkn!wnvkoq/!K!rquvgp!kpfiçt!

gxgpvwgnv!uxkpf!qi!uèfxcpnkig!pgfumtkxpkpigt!ch!fg!rçiènfgpfg!ncigtdgjqnfpkpigt/!!

Cpftg!gmuvgtpg!qomquvpkpigt!

Cpftg! gmuvgtpg! qomquvpkpigt! qohcvvgt! qomquvpkpigt-! fgt! xgftútgt! xktmuqojgfgpu! rtkoètg! cmvkxkvgvgt-!

jgtwpfgt!nqmcngqomquvpkpigt-!mqpvqtjqnfuqomquvpkpigt-!ucniuhtgoogpfg!qomquvpkpigt!ox/!K!rquvgp!kpf.

içt!gpfxkfgtg!pgfumtkxpkpigt!ch!vkniqfgjcxgpfgt!kpftgipgv!wpfgt!qouèvpkpiucmvkxgt/!!

Rgtuqpcngqomquvpkpigt!

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xktmuqojgfgpu!ogfctdglfgtg/!!

Ch.!qi!pgfumtkxpkpigt!

Ch.!qi!pgfumtkxpkpigt!ch!ocvgtkgnng!qi!koocvgtkgnng!cpnèiucmvkxgt!dguvçt!ch!tgipumcduçtgvu!ch.!qi!pgfumtkx.

pkpigt!qrilqtv!wf!htc!jgpjqnfuxku!fg!hcuvucvvg!tguvxètfkgt!qi!dtwiuvkfgt!hqt!fg!gpmgnvg!cmvkxgt!qi!igppgo.

hútvg!pgfumtkxpkpiuvguv!qi!ch!igxkpuvgt!qi!vcd!xgf!ucni!ch!ocvgtkgnng!qi!koocvgtkgnng!cpnèiucmvkxgt/!!

Kpfvèivgt!ch!mcrkvcncpfgng!k!vknmp{vvgfg!xktmuqojgfgt!

Kpfvèivgt!ch!mcrkvcncpfgng!k!vknmp{vvgfg!xktmuqojgfgt!qohcvvgt!fgp!hqtjqnfuoèuukig!cpfgn!ch!fg!gpmgnvg!

fcvvgtxktmuqojgfgtu!tguwnvcv!ghvgt!hwnf!gnkokpgtkpi!ch!kpvgtpg!cxcpegt!qi!vcd/!!

Kpfvèivgt!ch!cpftg!hkpcpukgnng!cpnèiucmvkxgt!

Kpfvèivgt!ch!cpftg!hkpcpukgnng!cpnèiucmvkxgt-!qohcvvgt!chmcuv! k! hqto!ch!tgpvgt-!wfd{vvg!q/n/!ch! hkpcpukgnng!

cpnèiucmvkxgt-!fgt!kmmg!gt!mcrkvcncpfgng!k!vknmp{vvgfg!gnngt!cuuqekgtgfg!xktmuqojgfgt/!!

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L{um!H{pumg!Ogfkgt!R0U! 45

Cpxgpfv!tgipumcdurtcmuku!

Cpftg!hkpcpukgnng!kpfvèivgt!

Cpftg!hkpcpukgnng!kpfvèivgt!dguvçt!ch!oqfvcipg!wfd{vvgt!q/n/!htc!cpftg!xètfkrcrktgt!qi!mcrkvcncpfgng-!tgp.

vgkpfvèivgt-!jgtwpfgt!tgpvgkpfvèivgt!htc!vkniqfgjcxgpfgt!jqu!vknmp{vvgfg!xktmuqojgfgt-!pgvvqmwtuigxkpuvgt!

xgftútgpfg! xètfkrcrktgt-!iènf!qi!vtcpucmvkqpgt! k! htgoogf! xcnwvc-! coqtvkugtkpi! ch! hkpcpukgnng! kpfvèivgt!

ucov!iqfviútgnugt!wpfgt!ceqpvqumcvvgqtfpkpigp!ox/!!

Cpftg!hkpcpukgnng!qomquvpkpigt!

Cpftg!hkpcpukgnng!qomquvpkpigt!dguvçt!ch!tgpvgqomquvpkpigt-!jgtwpfgt!tgpvgqomquvpkpigt!htc!iènf!vkn!vkn.

mp{vvgfg!xktmuqojgfgt-!pgvvqmwtuvcd!xgftútgpfg!xètfkrcrktgt-!iènf!qi!vtcpucmvkqpgt!k!htgoogf!xcnwvc-!

coqtvkugtkpi!ch!hkpcpukgnng!hqtrnkivgnugt!ucov!vknnèi!wpfgt!ceqpvqumcvvgqtfpkpigp!ox/!!

Umcv!

Çtgvu!umcv-!fgt!dguvçt!ch!çtgvu!cmvwgnng!umcv!qi!èpftkpi!ch!wfumwfv!umcv-!kpftgipgu!k!tguwnvcvqriútgnugp!k!

mqpegtpgp!ogf!fgp!fgn-!fgt!mcp!jgphútgu!vkn!çtgvu!tguwnvcv-!qi!fktgmvg!rç!gigpmcrkvcngp!ogf!fgp!fgn-!fgt!

mcp!jgphútgu!vkn!rquvgtkpigt!fktgmvg!rç!gigpmcrkvcngp/!!

Fgt!chuèvvgu!kmmg!umcv!k!oqfgtugnumcdgvu!tguwnvcvqriútgnug-!fc!fg!umcvvgoèuukig!fkurqukvkqpgt!hqtgvcigu!k!

mcrkvcnglgtpgu!çtutcrrqtvgt/!!

Dcncpeg!

Iqqfyknn!

Iqqfyknn!chumtkxgu!nkpgètv!qxgt!fgp!xwtfgtgfg!dtwiuvkf-!fgt!hcuvnèiigu!rç!dciitwpf!ch!ngfgnugpu!gthctkpigt!

kpfgp!hqt!fg!gpmgnvg!hqttgvpkpiuqotçfgt/!Chumtkxpkpiurgtkqfgp!wfiút!21!çt/!

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Ocvgtkgnng!cpnèiucmvkxgt

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vkn!mquvrtku!ogf!htcftci!ch!cmmwowngtgfg!ch.!qi!pgfumtkxpkpigt/!Fgt!chumtkxgu!kmmg!rç!itwpfg/!

Mquvrtkugp!qohcvvgt!cpumchhgnugurtkugp-!qomquvpkpigt!fktgmvg! vknmp{vvgv!cpumchhgnugp!qi!qomquvpkpigt! vkn!

mnctiútkpi!ch!cmvkxgv!kpfvkn!fgv!vkfurwpmv-!jxqt!cmvkxgv!gt!mnct!vkn!cv!dnkxg!vcigv!k!dtwi/!Hqt!hkpcpukgnv!ngcugfg!

cmvkxgt!wfiút!mquvrtkugp!fgp!ncxguvg!xètfk!ch!fciuxètfkgp!ch!cmvkxgv!qi!pwvkfuxètfkgp!ch!fg!htgovkfkig!

ngcukpi{fgnugt/!

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nkpgètg!chumtkxpkpigt!dcugtgv!rç!húnigpfg!xwtfgtkpi!ch!cmvkxgtpgu!hqtxgpvgfg!dtwiuvkfgt<!

D{ipkpigt! 36!çt!

Rtqfwmvkqpucpnèi!qi!ocumkpgt! 4.23!çt!

Cpftg!cpnèi-!ftkhvuocvgtkgn!qi!kpxgpvct!! 4.6!çt!

Kpftgvpkpi!ch!nglgfg!nqmcngt! 6.21!çt!

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L{um!H{pumg!Ogfkgt!R0U! 46

Cpxgpfv!tgipumcdurtcmuku!

Hqt!kpftgvpkpi!ch!nglgfg!nqmcngt!qi!cmvkxgt!qohcvvgv!ch!hkpcpukgnng!ngcukpichvcngt!wfiút!chumtkxpkpiurgtkqfgp!

ocmukocnv!chvcngrgtkqfgp/!

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ukig!xètfk/!!

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qi!pgicvkx!iqqfyknn!qi!ogf!htcftci!gnngt!vknnèi!ch!wtgcnkugtgfg!mqpegtpkpvgtpg!hqtvlgpguvgt!qi!vcd/!

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tkpigp!vkn!tgugtxg!hqt!pgvvqqrumtkxpkpi!ghvgt!fgp!kpftg!xètfku!ogvqfg!wpfgt!gigpmcrkvcngp/!

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cmvkxgt!qi!hqtrnkivgnugt/!Iqqfyknn!chumtkxgu!qxgt!fgp!hqtxgpvgfg!dtwiuvkf-!uqo!pqtocnv!gt!21 çt/!

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tgipumcduoèuukig!xètfk/!!

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L{um!H{pumg!Ogfkgt!R0U! 47

Cpxgpfv!tgipumcdurtcmuku!

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gnngt!pgicvkx/!!

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igpfg!tgipumcduçt/!Rgtkqfgchitèpupkpiurquvgt!oçngu!vkn!mquvrtku/!!

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