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The 2012 Annual Report is presented in accordance with International Financial Reporting Standards (IFRS) adopted by the EU and Danish disclosure requirements for listed companies’ annual reports. Statements in the report concerning the future reflect the Group Management’s current expectations with regard to future events and financial results. Statements concerning the future are naturally subject to uncertainty and the results achieved may therefore differ from expectations. Issues which may cause such differences include, but are not limited to, economic and financial market developments, legislative and regulatory changes in NKT markets, developments in product demand, competitive conditions and energy and raw material prices. See also the paragraphs on Risk management on page 10 and Note 2 to the consolidated financial statements in the Annual Report 2012.