Permagreen Grønland A/S — Credit Rating and Financial Key Figures

CVR number: 16054895

3900 Nuuk

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	391.43	459.49	406.54	288.69	517.19
Costs of manufacturing	- 355.55	- 438.14	- 377.13	- 267.06	- 486.55
Gross profit	35.88	21.34	29.41	21.63	30.64
Costs of management	-20.76	-21.75	-21.07	-16.28	-23.68
Costs of distribution	-0.51	-0.40	-0.30	-0.26	-0.28
EBIT	14.60	-0.81	8.04	5.09	6.68
Other financial income	0.02	0.03	0.02		0.01
Other financial expenses	-5.05	-2.58	-2.59	-1.45	-2.32
Income from other inv. held as non-curr. assets	0.00
Net income from associates (fin.)		0.00	0.00	0.07	3.36
Pre-tax profit	9.58	-3.35	5.47	3.68	7.72
Income taxes	-1.06	0.89	-1.45	-0.48	-1.93
Net earnings	8.52	-2.47	4.02	3.20	5.79

	2019	2020	2021	2022	2023
Intangible rights	1.92	2.29	1.68	1.22	0.73
Intangible assets total	1.92	2.29	1.68	1.22	0.73
Land and waters	54.14	52.98	50.03	48.03	63.78
Machinery and equipment	26.69	27.57	28.10	40.34	44.74
Tangible assets total	80.82	80.54	78.13	88.37	108.53
Holdings in group member companies				0.20	3.40
Participating interests	0.07	0.07	0.64	0.67	0.86
Investments total	0.07	0.07	0.64	0.88	4.25
Non-current loans receivable	0.04	0.04	0.05	0.05	0.05
Long term receivables total	0.04	0.04	0.05	0.05	0.05
Raw materials and consumables	23.11	16.34	15.76	9.83	11.09
Inventories total	23.11	16.34	15.76	9.83	11.09
Current trade debtors	53.02	38.78	53.30	51.86	77.05
Current amounts owed by group member comp.				0.02	1.11
Current owed by particip. interest comp.				2.60	0.09
Prepayments and accrued income	3.02	1.93	2.31	1.43	1.39
Current other receivables	13.17	29.93	61.83	115.39	120.22
Short term receivables total	69.20	70.65	117.43	171.30	199.85
Cash and bank deposits	16.04	15.59	16.59	4.95	52.08
Cash and cash equivalents	16.04	15.59	16.59	4.95	52.08
Balance sheet total (assets)	191.21	185.53	230.29	276.61	376.59

	2019	2020	2021	2022	2023
Share capital	6.80	6.80	6.80	6.80	6.80
Other reserves	0.00		0.42		2.97
Retained earnings	49.61	58.14	55.67	60.11	60.34
Profit of the financial year	8.52	-2.47	4.02	3.20	5.79
Shareholders equity total	64.94	62.47	66.91	70.11	75.90
Provisions	13.63	10.43	13.33	12.06	14.01
Non-current loans from credit institutions	24.37	22.43	46.63	20.06	18.91
Non-current leasing loans	4.77	4.53	3.49	2.40	1.36
Non-current other liabilities		9.86	4.86
Non-current deferred tax liabilities	9.18			4.86	4.86
Non-current liabilities total	38.32	36.81	54.98	27.31	25.13
Current loans from credit institutions	3.64	7.03	16.93	62.27	125.52
Advances received	25.12
Current trade creditors	16.91	16.13	14.51	36.35	43.81
Current owed to group member			11.00	27.02	28.92
Short-term deferred tax liabilities		2.86			0.21
Other non-interest bearing current liabilities	28.64	31.92	25.61	23.62	30.34
Accruals and deferred income		17.88	27.03	17.87	32.74
Current liabilities total	74.32	75.82	95.07	167.13	261.55
Balance sheet total (liabilities)	191.21	185.53	230.29	276.61	376.59

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