Vestas' consolidated accounts are prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the European Union and in compliance with the International Financial Reporting Standards (IFRS) as issued by the IASB.
The parent company's annual accounts are prepared in accordance with the provisions of the Danish Financial Statements Act applying to listed companies.
The annual report is prepared in accordance with the additional Danish disclosure requirements for annual reports of listed companies. Reference is made to the disclosure requirements for annual reports of listed companies laid down by the NASDAQ OMX Copenhagen, the Danish Financial Statements Act and the Danish Statutory Order on Adoption of IFRS issued pursuant to the Danish Financial Statements Act.
Terminology
Net revenue (DK GAA P): Revenue (IFRS)Fixed assets (DK GAA P): Non-current assets (IFRS)
Provisions (DK GAA P): Non-current and current liabilities (IFRS)
Long-term debt (DK GAA P): Non-current liabilities (IFRS)
Short-term debt (DK GAA P): Current liabilities (IFRS)
