ANNUAL REPORT 2016 Notes to the consolidated accounts Amounts in DKKm Note 1 Net turnover Europe (including Russia) North and South America Asia The Middle East/Africa The Grundfos Group’s activities lie solely within the segment of the manufacture and sale of pumps. Therefore, net turnover has only been divided according to geographical markets. 2016 13,723 4,022 5,664 1,268 24,677 2015 13,242 4,253 5,808 1,497 24,800 Note 2 Result from hedging instruments recognised in the profit and loss account Foreign exchange rate contracts recognised in net turnover Foreign exchange rate contracts recognised in production costs Raw material contracts recognised in production costs Foreign exchange rate contracts recognised in financial costs 2016 21 (6) (102) (5) (92) 2015 (435) 98 (92) (32) (461)
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