The ATP Group Annual Report 2012

Management's Review Business Model Risk Pension Hedging and Investment Hedging Investment Administration Social Responsibility The ATP Group Financial StatementsNote 22 Associates, continuedOwner Ownership VotingrightsAssets Liabilities Revenue Net results2012per cent per cent DKK million DKK million DKK million DKK millionATPPFA K/S ATP 49.7 49.7 4,768 17 236 337Ejendomsselskabet Norden I K/S ATP 22.2 22.2 860 394 34 53Greenhills Real Estate Ltd. ATP 49.8 49.8 3,153 3,070 272 (237)Nordic Biotec Public Equity KS ATP 99.5 0.0 720 0 0 498ATPPD Lyngby A/S ATP 50.0 50.0 680 507 36 24ATPPD Århus A/S ATP 50.0 50.0 742 332 41 46ATPPD Odense A/S ATP 50.0 50.0 331 233 18 (15)FIH Holding A/S ATP 48.8 50.0 72,722 66,604 480 (896)Harbour P/S ATP 45.8 45.8 4 0 0 (6)Harbour Komplementar ApS ATP 45.8 45.8 0 0 0 0NOW: Pensions Ltd. ATP 50.0 50.0 13 42 - (29)Polaris Private Equity Partners II K/SATP Private Equity PartnersI K/S15.0 15.0 787 6 0 224Aberdeen Real Estate Fund Finland L.P. ATP Real Estate Partners K/S 32.8 32.8 3,676 2,454 347 110AREIM I Fund L.P. ATP Real Estate Partners K/S 32.8 32.8 3,578 1,997 188 158CBRE Real Estate Iberian Value AddedFund CVATP Real Estate Partners K/S 20.2 20.2 2,356 1,473 155 (147)Patroffice B.V. ATP Real Estate Partners K/S 46.9 46.9 2,655 2,271 181 21Townsend Consortium Fund LP ATP Real Estate Partners K/S 39.2 39.2 233 1 24 24Ejendomsselskabet Norden IV K/S ATP Real Estate Partners II K/S 32.4 32.4 426 127 2 (7)ComActivity AB Via Venture Partners Fond I K/S 49.6 49.6 32 12 22 (7)Viamix AB Via Venture Partners Fond I K/S 49.9 49.9 44 0 0 0PP Utköb AB Via Venture Partners Fond I K/S 31.7 31.7 169 39 4 3Retail Support International ApS Via Venture Partners Fond I K/S 43.9 43.9 56 9 3 3Nordic International Holding A/S Via Venture Partners Fond I K/S 47.3 47.3 103 18 18 18Beneq Oy Via Venture Partners Fond I K/S 30.2 30.2 181 149 135 (22)Medotech A/S Via Venture Partners Fond I K/S 29.4 29.4 23 2 0 (20)WPA Holding ApS Via Venture Partners Fond I K/S 49.0 49.0 17 5 0 (4)B.V. Electronic ApS Via Venture Partners Fond I K/S 44.6 44.6 76 32 0 4Dolphin Holding AS Via Venture Partners Fond I K/S 47.1 47.1 65 32 0 (3)Daldata AS Via Venture Partners Fond II K/S 49.9 49.9 - - - -Hostnordic A/S Via Venture Partners Fond II K/S 49.9 49.9 - - - -Hancock Queensland Plantations Pty Ltd. ATP Timberland Invest K/S 31.1 31.1 4,782 4,110 452 (14)The ATP Group – Annual Report 2012104