Lauritzen Fonden -

Lauritzen Fonden distributes grants to cultural, educational and social activities in Denmark. Through our 100 % owned daughter company, LF Investment, we support knowledge development and Danish enterprise through investments and small loans to innovative and newly started companies – mostly in joint venture with other investment companies.

In 2019 we expect to distribute approximately DKK 42 million in grants.

Grants 2018 (DKK)

Lauritzen Group employees:

Education grants

823.000

Special grants

230.000

Grants for social activities

294.000

1.347.000

External grants:

Shipping and seafarers interests

7.898.000

Schools, teaching and grants for studying

905.000

Youth activities

2.430.000

Elderly activities

187.000

Social work

10.086.000

Nordic and international relations

55.000

Science and health research

Culture

18.721.000

Lauritzen relatives

1.169.000

41.451.000

Grants total:

42.798.000

Grants in relation to cash flow profit:

Cash flow for the year of Lauritzen Fonden (25%)
Grants 2018 (75%)

Excerpt from profit and loss 2018

Rent income from the Foundation's properties

3.498.000

Properties' operation costs

-2.322.000

Foundations' administration incl. staff cost

-12.020.000

Dividend from subsidiaries

93.511.000

Result before financial items

82.667.000

Net financial items

-25.917.000

Cash flow profit 2018 of Lauritzen Fonden

56.750.000

Grants 2018

42.798.000

Net profit in subsidiaries

469.870.000

The Group's total tax payment

81.906.000

Grants in relation to the Foundation's securities and cash:

(Means not placed in affiliated companies or property)

Securities and cash (93%)
Grants 2017 (7%)

Balance sheet

Assets

Properties and sites

32.626.000

Investments in subsidiaries

6.088.822.000

Receivables and other lending

4.664.000

Securities

355.979.000

Cash

277.139.000

Total assets

6.759.230.000

Liabilities

Equity

6.301.488.000

Long term debt

400.000.000

Approved not yet paid grants

56.158.000

Other debt

1.584.000

Total liabilities

6.759.230.000

Distribution of Lauritzen Fonden's assets:

As parent company of J. Lauritzen A/S (100 % owned), DFDS A/S (43 % owned) and LF Investment ApS (100 % owned) and as a commercial foundation our task can be divided into two: 1) maintaning and running our subsidiaries. 2) granting financial support to humanitarian and social projects. Thus we are not like the traditional humanitarian foundation only focusing on philantrophy. Our assets are, as depicted in the chart above, primarily bound up in stocks from our subsidiaries. The profit from these investments determine the amount of which we distribute grants from.

Key figures 2018

Grants 2018 (DKK)

Lauritzen Group employees:

External grants:

Grants in relation to cash flow profit:

Excerpt from profit and loss 2018

Grants in relation to the Foundation's securities and cash:

Balance sheet

Assets

Liabilities

Distribution of Lauritzen Fonden's assets:

Annual Report 2018

Annual Report 2017

Annual Report 2016

Annual Report 2015

Annual Report 2014

Annual Report 2013

Annual Report 2012