The structure for reporting financial information in Denmark

In 2002, the European Union made a rule called the IAS Regulation. This rule said that companies in the EU that are listed in a stock market must use IFRSs when making their financial statements starting in 2005. This rule also gave EU countries some choices:

- They can choose to use IFRSs for companies that are not listed.
- They can choose to use IFRSs for the parent company's financial statements.
- Companies that only have debt securities can wait until 2007 to start using IFRSs.
- Companies that are listed on stock exchanges outside the EU can wait until 2007 to start using IFRSs if they use non-EU GAAP (mostly US GAAP).
This rule doesn't just apply to EU countries, but also to three other countries in the European Economic Area (Iceland, Liechtenstein, and Norway) and to the UK for now.

Denmark is an EU member country, so Danish companies listed in an EU/EEA stock market have been using IFRSs since 2005. The European Commission makes a report from time to time about how EU countries are using the options allowed by the IAS Regulation.

In Denmark, as of 2009, companies listed on the Danish stock exchange are no longer required to apply IFRS to their separate financial statements. However, listed companies that are not part of any group are still absolutely required to apply IFRS to all their financial statements starting in calendar year 2009. Unlisted companies are not required to apply IFRS to their financial statements.