FALCON MARITIME GROUP A/S — Credit Rating and Financial Key Figures

CVR number: 29184771

Lautrupsgade 7, 2100 København Ø

pm@falcon-maritime.com

tel: 39271060

Income statement (mDKK)

	2017	2018	2019	2020
Fiscal period length	12	12	12	12
Net sales	578.87	766.67	772.50	713.89
Other operating income		28.56
Purchases during the financial year	- 530.39	- 719.72
Costs of manufacturing			- 728.47	- 682.00
External services	-2.24	-5.06	-5.15	-4.90
Gross profit	46.25	70.45	38.89	26.99
Employee benefit expenses	-13.27	-16.97	-17.66	-14.95
Total depreciation	-13.74	-11.96	-10.63	-14.85
EBIT	19.23	41.52	10.60	-2.81
Other financial income	0.47	0.61	0.92	0.12
Other financial expenses	-3.87	-2.41	-2.54	-4.89
Net income from associates (fin.)				-0.63
Pre-tax profit	15.84	39.73	8.98	-8.21
Income taxes	0.35	-0.96	-0.40	-0.19
Net earnings	16.19	38.77	8.58	-8.39

	2017	2018	2019	2020
Intangible assets total
Machinery and equipment	195.45	150.80	143.74	214.19
Tangible assets total	195.45	150.80	143.74	214.19
Investments total	0.24	0.49	0.48	0.49
Long term receivables total
Raw materials and consumables	9.20	23.73	21.62	31.69
Inventories total	9.20	23.73	21.62	31.69
Current trade debtors	8.05	10.32	23.55	3.27
Current amounts owed by group member comp.				1.05
Prepayments and accrued income	6.64			3.53
Current other receivables	3.85	2.23	3.59	0.06
Current deferred tax assets	0.39	0.10	0.07	0.05
Short term receivables total	18.93	12.64	27.22	7.96
Cash and bank deposits	40.14	51.18	61.25	32.49
Cash and cash equivalents	40.14	51.18	61.25	32.49
Balance sheet total (assets)	263.96	238.85	254.32	286.81

	2017	2018	2019	2020
Share capital	1.00	1.00	1.00	1.00
Shares repurchased	24.21
Other reserves				-16.59
Retained earnings	82.65	98.92	134.49	142.56
Profit of the financial year	16.19	38.77	8.58	-8.39
Minority interest (BS)	20.47	20.85	25.23	14.27
Shareholders equity total	144.52	159.55	169.30	132.85
Provisions				0.05
Non-current loans from credit institutions	56.64	34.44	33.12	86.26
Non-current owed to group member	14.51	14.51	10.84	38.81
Non-current other liabilities			0.21	0.31
Non-current liabilities total	71.16	48.95	44.17	125.38
Current loans from credit institutions	32.10	6.81	3.78	9.93
Current trade creditors	8.63	11.48	14.67	15.81
Current owed to group member	6.32	0.00
Short-term deferred tax liabilities		1.04	0.49	0.11
Other non-interest bearing current liabilities	1.24	0.88	0.87	2.74
Accruals and deferred income		10.13	21.05
Current liabilities total	48.29	30.34	40.85	28.59
Balance sheet total (liabilities)	263.96	238.85	254.32	286.87

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