Green Hydrogen Systems A/S — Credit Rating and Financial Key Figures

CVR number: 30548701

Nordager 21, 6000 Kolding

info@greenhydrogen.dk

tel: 75503500

www.greenhydrogen.dk

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales		9.43	5.17	10.42	41.98
Change in finished goods inventory		-0.04	-25.58
Manufacturing for enterprise's own use	0.30	10.48	49.27
Other operating income	0.07	2.79	2.38
Purchases during the financial year	-0.43	-17.21	-57.32
Costs of manufacturing				- 124.12	- 169.36
Gross profit	-0.06	5.47	-26.08	- 113.70	- 127.38
Costs of management				-85.17	- 102.60
Employee benefit expenses	-1.11	-39.57	- 108.37
Other operating expenses	-0.56	-35.51	-14.00	-84.10	- 166.59
Total depreciation	-0.05	-3.07	-14.88
EBIT	-1.78	-72.69	- 163.33	- 282.97	- 396.58
Other financial income		0.00	0.64	0.29	37.12
Other financial expenses		-2.86	- 335.68	-5.14	-52.24
Pre-tax profit	-1.78	-75.55	- 498.37	- 287.82	- 411.70
Income taxes	0.22	2.31	5.50	5.50	5.50
Net earnings	-1.56	-73.24	- 492.87	- 282.32	- 406.20

	2019	2020	2021	2022	2023
Intangible rights	7.01	16.46	58.91	173.96	261.54
Intangible assets total	7.01	16.46	58.91	173.96	261.54
Other tangible assets	0.20	20.64	161.30	313.59	381.07
Tangible assets total	0.20	20.64	161.30	313.59	381.07
Other shares and similar rights of ownership			691.49	562.44	929.27
Other non-current investments	0.37	20.74	8.76	8.78	12.55
Investments total	0.37	20.74	700.26	571.23	941.82
Non-current prepayments and accrued income	0.04
Long term receivables total	0.04
Inventories total	8.02	7.61	73.42	170.00	205.80
Current trade debtors	12.60	4.05	3.68	10.86	51.88
Prepayments and accrued income	0.23	0.23	1.81	10.51	4.22
Current other receivables	1.66	4.69	23.20	198.99	361.23
Current deferred tax assets	1.38	2.53	5.50	5.50	5.50
Short term receivables total	15.86	11.50	34.19	225.86	422.83
Cash and bank deposits	9.41	155.95	266.92	95.34	152.98
Cash and cash equivalents	9.41	155.95	266.92	95.34	152.98
Balance sheet total (assets)	40.91	232.90	1 295.00	1 549.98	2 366.02

	2019	2020	2021	2022	2023
Share capital	22.20	36.80	81.99	83.17	187.73
Share premium account	18.11	39.33	1 740.79	1 742.52	2 071.00
Other reserves	5.00	12.15	41.02	105.46	176.67
Retained earnings	-23.23	-19.12	- 199.08	- 786.77	-1 147.38
Profit of the financial year	-1.56	-73.24	- 492.87	- 282.32	- 406.20
Shareholders equity total	20.53	-4.08	1 171.84	862.05	881.83
Non-current loans from credit institutions	3.31	170.29			375.42
Non-current leasing loans	0.13	12.30	3.94	4.56	7.31
Provisions	0.23
Non-current other liabilities	0.27	1.35
Non-current liabilities total	3.94	183.94	3.94	4.56	382.73
Current loans from credit institutions	0.51	4.09		500.00	834.26
Current leasing loans	0.24	2.23	3.46	3.44	4.86
Current trade creditors	5.64	25.36	42.85	65.13	47.41
Other non-interest bearing current liabilities	0.61	9.25	10.61	25.13	38.27
Current provisions	0.42	0.98	3.11	14.94	56.93
Accruals and deferred income	9.02	11.13	59.19	74.72	119.74
Current liabilities total	16.43	53.03	119.22	683.37	1 101.47
Balance sheet total (liabilities)	40.91	232.90	1 295.00	1 549.98	2 366.02

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