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INCOME STATEMENT JANUARY 1 – DECEMBER 31
Note
2023
2022
Return on investment
Realized gains and losses, bonds
56,371,576
-169,916,281
Unrealized gains and losses, bonds
154,291,725
-314,009,313
Realized gains and losses, equities
73,748,580
-132,661,877
Unrealized gains and losses, equities
264,837,576
-239,353,099
Interest, bank deposits
865,111
-107,681
Return on investment, total
550,114,568
-856,048,251
Other receipts, net
1
500.000
500.000
Costs
Custody and bank fees etc.
2
-4,542,256
-4,111,625
Salaries etc,
3
-9,655,535
-8,803,460
Office expenses
4
-666,218
-716,235
Premises
5
-1,105,109
-1,055,937
Accountant/attorney remuneration etc,
6
-1,403,513
-1,062,360
External expenses, research activities
7
-266,9
-767,556
Other expenses
8
-445,683
-364,723
Depreciation
9
-38,525
-69,781
Costs, total
-18,123,739
-16,951,677
Result for the year
532,490,829
-872,499,928
Predisposed capital:
Predisposed capital, January 1
1,395,486,793
1,339,256,897
Distribution disbursed in the year
-430,839,126
-371,167,905
Distribution rebursed in the year
22,704
130,717
Grants transfered from non-predisposed capital
689,597,160
428,290,030
Grants reverted to non-predisposed capital
-32,988,488
-1,022,946
Predisposed capital, December 31
1,621,279,043
1,395,486,793
BALANCE SHEET DECEMBER 31
Note
2023
2022
ASSETS
Fixed assets
Tangible fixed assets
10
Leasehold improvements
46,761
37,210
Office equipment and furniture
0
0
46,761
37,210
Fixed asset investments
Deposits
277,653
270,032
277,653
270,032
Fixed assets, total
324,414
307,242
Current assets
Receivables
Accrued interest
18,485,218
16,380,766
Other receivables
645,317
1,335,365
Deferred charges
1,477,545
1,510,645
20,608,080
19,226,776
Liquid assets
Securities, bonds
11
2,912,439,791
2,889,713,392
Securities, equities
12
1,818,608,809
1,727,867,530
Bank deposits
13
11,776,862
24,637,196
4,742,825,462
4,642,218,118
Current assets, total
4,763,433,542
4,661,444,894
ASSETS, TOTAL
4,763,757,956
4,661,752,136
EQUITY AND LIABILITIES
Net capital
4,761,116,700
4,659,442,293
Payables
Short-term payables
Payables and back costs
2,641,256
2,309,843
Payables, total
2,641,256
2,309,843
EQUITY AND LIABILITIES, TOTAL
4,763,757,956
4,661,752,136
Distribution obligations
14c
Contingent liabilities
15
STATEMENT OF CHANGES IN NET CAPITAL FOR 2023
Non-Predisposed capital
Predisposed
capital
Total Net
Capital
Net Capital at January 1, 2023
3,263,955,500
1,395,486,793
4,659,442,293
Result for the year
532,490,829
0
532,490,829
Distribution disbursed in the year
0
-430,839,126
-430,839,126
Distribution rebursed in the year
0
22,704
22,704
Grants transferred from non-predisposed capital
-689,597,160
689,597,160
0
Grants reverted to non-predisposed capital
32,988,488
-32,988,488
0
Net Capital at the end of the year
3,106,849,169
1,621,279,043
4,761,116,700
According to the Danish Executive Order no, 325 of March 29, 2016 on the financial management of the funds of the Danish National Research Foundation, the foundation’s net capital consists of the capital contributed at the formation of the Danish National Research Foundation, the return on this capital and public grants less subsequent spending and losses.
The predisposed capital includes the commitments given to the grantees of the Danish National Research Foundation to carry out the operating activities, which have not yet been paid at the balance date; see the specification in note [14a],