CONTENT MANAGEMENT REPORT 04 The Poul Due Jensen Foundation (the Grundfos Foundation) 07 Board of the Foundation 08 Collaboration makes for lasting results 10 Financial status 13 Account of social responsibility 15 Key figures for the Grundfos Group MANAGEMENT STATEMENT AND AUDITOR’S REPORT 16 17 18 19 Management statement Independent auditor’s report Group Management Group structure and Group Board of Directors CONSOLIDATED ANNUAL ACCOUNTS AND ANNUAL ACCOUNTS 20 25 26 28 29 30 40 Accounting policies Profit and loss account Consolidated balance sheet Statement of changes in equity Cash flow statement Notes to the accounts Profit and loss account for The Poul Due Jensen Foundation 41 Balance sheet for The Poul Due Jensen Foundation 42 Statement of changes in equity for The Poul Due Jensen Foundation 43 Notes to the accounts of The Poul Due Jensen Foundation 46 Group structure 47 Ownership 3
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