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The proposed dividend of DKK 8.00 per share, in total DKK 1,220m (2012: DKK 6.00 per share, in total DKK 915m), is included in retained earnings at 31 December 2013. Dividends paid out in 2013 for 2012 amount to DKK 915m (paid out in 2012 for 2011: DKK 839m), which is DKK 6.00 per share (2012: DKK 5.50 per share). Dividends paid out to shareholders of Carlsberg A/S do not impact taxable income in Carlsberg A/S. 

