RESPECT
Value differences in people
Be honest and fair
Build diverse teams across culture and gender
Follow laws and regulations
Treat others the way they expect to be treated
BOLDNESS
Take initiatives to create the future
Initiate and nurture change
Communicate openly, honestly and with integrity
Be proactive
Address difficulties constructively
Contents
INTRODUCTION
Group key figures 02
Jotun at a glance 04
Four segments 05
Regional highlights 06
BOARD OF DIRECTORS
Chairman of the Board 08
Directors’ report 09
JOTUN GROUP
Consolidated income statement 16
Consolidated statement of comprehensive income 16
Consolidated statement of financial position 17
Consolidated statement of changes in equity 18
Consolidated statement of cash flows 18
Notes for the Group 19
JOTUN A/S
Income statement 52
Statement of comprehensive income 52
Statement of financial position 52
Statement of changes in equity 53
Statement of cash flows 53
Notes for the Parent Company 55
AUDITOR’S REPORT 68
BOARD OF DIRECTORS AND CORPORATE ASSEMBLY 70