VANGGAARD FONDEN — Credit Rating and Financial Key Figures

CVR number: 11713645

Gyldendalsvej 2-4, 9300 Sæby

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	500.06	454.68	288.38	486.83	541.38
Change in finished goods inventory				-29.48	-14.18
Other operating income				2.97	4.03
Purchases during the financial year				- 289.21	- 320.46
External services				-44.02	-46.75
Gross profit	142.08	132.50	93.72	127.08	164.02
Employee benefit expenses				-71.99	-83.42
Other operating expenses				-0.19	-0.12
Total depreciation				-33.28	-30.51
EBIT	27.63	26.98	14.97	21.62	49.97
Other financial income				1.25	0.84
Other financial expenses				-12.13	-10.08
Pre-tax profit	13.99	15.37	7.70	10.74	40.73
Income taxes				-2.31	-8.56
Net earnings	13.99	15.37	7.70	8.44	32.17

	2020	2021	2022	2023	2024
Goodwill				2.50
Intangible assets total				2.50
Land and waters				215.66	201.58
Buildings				79.77	68.84
Machinery and equipment				1.97	1.76
Advance payments and construction in progress				5.55	9.05
Tangible assets total				302.95	281.23
Investments total	719.65	687.50	654.70
Non-current loans receivable				0.01	0.02
Long term receivables total				0.01	0.02
Raw materials and consumables				76.65	70.74
Finished products/goods				50.01	35.83
Inventories total				126.66	106.57
Current trade debtors				82.56	86.73
Prepayments and accrued income				0.73	0.58
Current other receivables				2.75	2.71
Current deferred tax assets				0.32
Short term receivables total				86.36	90.03
Cash and bank deposits				30.90	70.51
Cash and cash equivalents				30.90	70.51
Balance sheet total (assets)	719.65	687.50	654.70	549.37	548.36

	2020	2021	2022	2023	2024
Share capital	261.31	273.55	267.67	14.70	36.33
Other reserves				-0.64	-0.12
Other restricted equity				0.25	0.30
Retained earnings	-13.99	-15.37	-7.70	198.54	176.78
Profit of the financial year	13.99	15.37	7.70	8.44	32.17
Minority interest (BS)				39.20	45.33
Shareholders equity total	261.31	273.55	267.67	260.48	290.80
Provisions				12.46	17.67
Non-current loans from credit institutions				163.37	140.75
Non-current leasing loans				22.15	17.11
Non-current deferred tax liabilities				16.56	11.85
Non-current liabilities total				202.08	169.72
Current loans from credit institutions				20.04	16.07
Current trade creditors				25.76	22.28
Short-term deferred tax liabilities				0.14	0.36
Other non-interest bearing current liabilities				28.41	31.46
Current liabilities total				74.35	70.17
Balance sheet total (liabilities)	261.31	273.55	267.67	549.37	548.36

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