Grants 2023 (mio. DKK)

Lauritzen Group employees:

Education. social and special grants

2.4

External grants:

Shipping and seafarers interests

2.6

Social work

36.8

Culture

13.9

Lauritzen relatives

0.9

Grants total:

56.6

Wite-downs on former grants

-4.0

Total

52.6

Profit and loss 2023 (mio. DKK)

Share of result in subsidiary

884.9

Financial items, net

36.7

Administration costs etc., net

-18.9

Profit for the year

902.7

Balance sheet (mio. DKK)

Assets

Properties

40.0

Investments in subsidiaries

8,213.8

Receivables

1.9

Securities

350.5

Cash

146.5

Total assets

8,752.2

Equity & Liabilities

Equity

8,659.0

Approved not yet paid grants

91.5

Other debt

2.2

Total Equity & Liabilities

8,752.7

Distribution of Lauritzen Fonden's assets:

As a commercial foundation our task can be divided into two: 1) maintaining 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 philanthropy. Our assets are, as depicted in the chart above, primarily bound up in stocks. The cash flow from investments determines the amount of which we distribute grants from.

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    Lauritzen Fonden Holding ApS (94%)

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    Securities and cash funds (5%)

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    Property and other assets (1%)