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Other Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2021
Other Disclosures |
Summary of remuneration of the Board of Directors and Executive Management | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(DKK million) | ​ | 2021 | ​ | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Wages and salaries | ​ | 51 | ​ | 48 | ​ | 42
Share-based compensation expenses | ​ | 58 | ​ | 43 | ​ | 38
Defined contribution plans | ​ | 2 | ​ | 2 | ​ | 1
​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | 111 | ​ | 93 | ​ | 81
Schedule of Remuneration to the Board of Directors | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(DKK million) | Base board fee | ​ | Committee fees | ​ | Share-based compensation expenses | ​ | 2021 | ​ | Base board fee | ​ | Committee fees | ​ | Share-based compensation expenses | ​ | 2020 | ​ | Base board fee | ​ | Committee fees | ​ | Share-based compensation expenses | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deirdre P. Connelly | 1.2 | ​ | 0.5 | ​ | 0.7 | ​ | 2.4 | ​ | 1.1 | ​ | 0.5 | ​ | 0.7 | ​ | 2.3 | ​ | 0.8 | ​ | 0.5 | ​ | 0.9 | ​ | 2.2
Pernille Erenbjerg | 0.9 | ​ | 0.4 | ​ | 0.5 | ​ | 1.8 | ​ | 0.7 | ​ | 0.4 | ​ | 0.4 | ​ | 1.5 | ​ | 0.4 | ​ | 0.3 | ​ | 0.4 | ​ | 1.1
Mats Pettersson1 | - | ​ | - | ​ | - | ​ | - | ​ | 0.3 | ​ | 0.1 | ​ | 1.6 | ​ | 2.0 | ​ | 1.2 | ​ | 0.2 | ​ | 0.8 | ​ | 2.2
Anders Gersel Pedersen | 0.6 | ​ | 0.4 | ​ | 0.4 | ​ | 1.4 | ​ | 0.4 | ​ | 0.4 | ​ | 0.5 | ​ | 1.3 | ​ | 0.4 | ​ | 0.4 | ​ | 0.6 | ​ | 1.4
Paolo Paoletti | 0.6 | ​ | 0.3 | ​ | 0.4 | ​ | 1.3 | ​ | 0.4 | ​ | 0.3 | ​ | 0.4 | ​ | 1.1 | ​ | 0.4 | ​ | 0.3 | ​ | 0.4 | ​ | 1.1
Rolf Hoffmann | 0.6 | ​ | 0.4 | ​ | 0.4 | ​ | 1.4 | ​ | 0.4 | ​ | 0.3 | ​ | 0.5 | ​ | 1.2 | ​ | 0.4 | ​ | 0.3 | ​ | 0.8 | ​ | 1.5
Jonathan Peacock2 | 0.5 | ​ | 0.3 | ​ | 0.6 | ​ | 1.4 | ​ | 0.3 | ​ | 0.3 | ​ | 0.4 | ​ | 1.0 | ​ | - | ​ | - | ​ | - | ​ | -
Peter Storm Kristensen5 | 0.6 | ​ | - | ​ | 0.4 | ​ | 1.0 | ​ | 0.4 | ​ | - | ​ | 0.4 | ​ | 0.8 | ​ | 0.4 | ​ | - | ​ | 0.4 | ​ | 0.8
Rick Hibbert4,5 | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | 0.1 | ​ | - | ​ | 0.4 | ​ | 0.5
Rima Bawarshi Nassar3,5 | 0.6 | ​ | - | ​ | 0.2 | ​ | 0.8 | ​ | 0.1 | ​ | - | ​ | - | ​ | 0.1 | ​ | - | ​ | - | ​ | - | ​ | -
Mijke Zachariasse5 | 0.6 | ​ | - | ​ | 0.3 | ​ | 0.9 | ​ | 0.4 | ​ | - | ​ | 0.1 | ​ | 0.5 | ​ | 0.3 | ​ | - | ​ | - | ​ | 0.3
Daniel J. Bruno3,5 | - | ​ | - | ​ | - | ​ | - | ​ | 0.3 | ​ | - | ​ | (0.4) | ​ | (0.1) | ​ | 0.4 | ​ | - | ​ | 0.4 | ​ | 0.8
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | 6.2 | ​ | 2.3 | ​ | 3.9 | ​ | 12.4 | ​ | 4.8 | ​ | 2.3 | ​ | 4.6 | ​ | 11.7 | ​ | 4.8 | ​ | 2.0 | ​ | 5.1 | ​ | 11.9
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ 1 – Mats Pettersson stepped down from the Board of Directors at the Annual General Meeting in March 2020. 2 – Jonathan Peacock stepped down from the Board of Directors effective November 15, 2021, due to increased responsibilities in connection with his other board commitments. 3 – Daniel J. Bruno stepped down from the Board of Directors and Rima Bawarshi Nassar replaced Daniel J. Bruno on the Board of Directors as an employee elected board member during August 2020. 4 – Rick Hibbert stepped down from the Board of Directors at the Annual General Meeting in March 2019. 5 – Employee elected board member
Schedule of executive compensation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | 2021
​ | Base Salary | ​ | Defined Contribution Plans | ​ | Other Benefits | ​ | Annual Cash Bonus | ​ | Share-Based Compensation Expenses | ​ | Total
(DKK million) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Jan van de Winkel | 7.9 | ​ | 1.1 | ​ | 0.6 | ​ | 7.9 | ​ | 20.6 | ​ | 38.1
Anthony Pagano | 3.2 | ​ | 0.1 | ​ | - | ​ | 1.9 | ​ | 7.2 | ​ | 12.4
Anthony Mancini | 3.9 | ​ | 0.1 | ​ | 3.1 | ​ | 2.3 | ​ | 7.2 | ​ | 16.6
Judith Klimovsky | 4.0 | ​ | 0.1 | ​ | - | ​ | 2.5 | ​ | 13.2 | ​ | 19.8
Tahamtan Ahmadi1 | 3.3 | ​ | 0.1 | ​ | - | ​ | 2.0 | ​ | 5.5 | ​ | 10.9
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | 22.3 | ​ | 1.5 | ​ | 3.7 | ​ | 16.6 | ​ | 53.7 | ​ | 97.8
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ 1 – Tahamtan Ahmadi was appointed Chief Medical Officer, Head of Experimental Medicines and member of the Executive Management in March 2021. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | 2020
​ | Base Salary | ​ | Defined Contribution Plans | ​ | Other Benefits | ​ | Annual Cash Bonus | ​ | Share-Based Compensation Expenses | ​ | Total
(DKK million) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Jan van de Winkel | 7.3 | ​ | 1.0 | ​ | 1.0 | ​ | 8.4 | ​ | 19.6 | ​ | 37.3
Anthony Pagano1 | 3.0 | ​ | 0.1 | ​ | - | ​ | 2.3 | ​ | 5.2 | ​ | 10.6
Anthony Mancini2 | 3.1 | ​ | 0.1 | ​ | 3.3 | ​ | 2.0 | ​ | 3.1 | ​ | 11.6
Judith Klimovsky | 4.0 | ​ | 0.1 | ​ | 0.1 | ​ | 3.0 | ​ | 12.7 | ​ | 19.9
David A. Eatwell1 | 0.9 | ​ | 0.1 | ​ | 2.5 | ​ | - | ​ | (2.3) | ​ | 1.2
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | 18.3 | ​ | 1.4 | ​ | 6.9 | ​ | 15.7 | ​ | 38.3 | ​ | 80.6
​ 1 – David A. Eatwell stepped down as CFO on February 29, 2020, and Anthony Pagano was appointed CFO and member of the Executive Management on March 1, 2020. 2 – Anthony Mancini was appointed Chief Operating Officer and member of the Executive Management in March 2020. ​
​ ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | 2019
​ | Base Salary | ​ | Defined Contribution Plans | ​ | Other Benefits | ​ | Annual Cash Bonus | ​ | Share-Based Compensation Expenses | ​ | Total
(DKK million) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Jan van de Winkel | 7.3 | ​ | 1.0 | ​ | 3.6 | ​ | 8.4 | ​ | 14.9 | ​ | 35.2
David A. Eatwell | 4.3 | ​ | 0.1 | ​ | 0.9 | ​ | 3.2 | ​ | 8.0 | ​ | 16.5
Judith Klimovsky | 4.1 | ​ | 0.1 | ​ | - | ​ | 3.1 | ​ | 9.7 | ​ | 17.0
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | 15.7 | ​ | 1.2 | ​ | 4.5 | ​ | 14.7 | ​ | 32.6 | ​ | 68.7
Schedule of company overview | ​
​ | ​ | ​ ​ | ​ ​
Name | Domicile | Ownership and votes 2021 | Ownership and votes 2020
Genmab B.V. | Utrecht, the Netherlands | 100% | 100%
Genmab Holding B.V. | Utrecht, the Netherlands | 100% | 100%
Genmab US, Inc. | New Jersey, USA | 100% | 100%
Genmab K.K. | Tokyo, Japan | 100% | 100%
Summary of fees to auditors | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(DKK million) | ​ | 2021 | ​ | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
PricewaterhouseCoopers | ​ | ​ | ​ | ​ | ​ | ​
Audit fees | ​ | 5.8 | ​ | 4.9 | ​ | 1.9
Audit-related fees | ​ | 1.8 | ​ | 1.0 | ​ | 2.3
Tax fees | ​ | - | ​ | 0.3 | ​ | 0.5
All other fees | ​ | 0.1 | ​ | - | ​ | 2.4
​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | 7.7 | ​ | 6.2 | ​ | 7.1
Summary of adjustments to cash flow statement | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(DKK million) | Note | ​ | 2021 | ​ | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Adjustments for non-cash transactions: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation, amortization and impairment | 3.1, 3.2, 3.3 | ​ | 248 | ​ | 259 | ​ | 139
Share-based compensation expenses | 2.3, 4.6 | ​ | 310 | ​ | 200 | ​ | 147
Other | ​ | ​ | (32) | ​ | - | ​ | 5
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total adjustments for non-cash transactions | ​ | ​ | 526 | ​ | 459 | ​ | 291
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Change in operating assets and liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Receivables | ​ | ​ | (1,074) | ​ | 306 | ​ | (1,658)
Deferred revenue | ​ | ​ | - | ​ | 513 | ​ | -
Other payables | ​ | ​ | 304 | ​ | 168 | ​ | 440
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total change in operating assets and liabilities | ​ | ​ | (770) | ​ | 987 | ​ | (1,218)

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