Årsrapport 2022 godkendt 7. marts 2023 (eng) - Flipbook - Side 50
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2022
22.
BOARD OF MANAGEMENT AND BOARD OF DIRECTORS
Breakdown by valuation of investment assets and financial liabilities, continued
For assets and liabilities measured at fair value using unobservable input, the following valuation techniques and input have been applied:
DKK mill.
Group undertakings, properties
Group undertakings, wind turbines
Group undertakings, equity investments
Group undertakings, bonds
Associated undertakings, properties
Associated undertakings, solar farms
Associated undertakings, other
Equity investments, unlisted
Investment units, unlisted
Bonds, unlisted
Other loans
Total
Fair value
2022
6,299
1,479
Fair value 2021
6,456
1,028
489
Key input
Measurement uncertainty
DCF model*
Required rate of return
from 4.4% to 6.25% (4.0%
to 5.5%)
If the required rate of return for individual
properties is increased by 0.25 percentage
points, the value changes by DKK -179 mill.
(DKK -210 mill.)
DCF model*
WACC from 6.41% to
6.97% (5.16% to 5.63%)
If the WACC is increased by 1 percentage
point, the value changes by DKK -72 mill.
(DKK -78 mill.)
Reported fair value**
-
If the WACC is increased by 0.25
percentage points, the value changes by
DKK -59 mill.
Reported fair value**
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4
Valuation technique
Reported fair value**
5
614
245
DCF model*
WACC from 5.86% to
11.93%
0
0
Reported fair value**
-
-
57,426
55,053
Reported fair value**
-
-
8,747
8,135
Reported fair value**
-
-
439
542
Reported fair value**
-
-
65
70
Reported fair value**
-
-
75,613
71,534
*See note 1 for a more detailed description.
**Reported fair value based on reports received from relevant companies in which underlying assets and liabilities are measured at fair value. See note 1 for a more detailed description.
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