Papirfabrikken Invest A/S — Credit Rating and Financial Key Figures

CVR number: 70854910

Ansvej 104, 8600 Silkeborg

sif@silkeborgif.com

tel: 86804647

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	87.29	94.63	172.64	73.64	74.65
Other operating income	10.41	14.01	5.46	1.80	0.60
Costs of manufacturing	-86.66	-94.64	- 129.68	-46.57	-53.66
External services	-35.75	-40.25	-55.90	-26.13	-26.09
Gross profit	-24.70	-26.25	-7.48	2.74	-4.50
Employee benefit expenses	-42.27	-45.90	-63.81	-18.91	-25.02
Other operating expenses	107.82	95.80	170.06	45.26	54.47
Total depreciation	-8.65	-8.49	-9.97	-1.53	-2.56
Reduction in value of non-current assets					-0.71
Net income from associates					-0.10
EBIT	32.21	15.16	88.81	27.56	21.59
Other financial income	0.06	0.02	28.17	0.76	1.26
Other financial expenses	-8.76	-6.44	-12.44	-14.25	-15.46
Pre-tax profit	28.54	13.85	106.39	15.38	6.58
Income taxes	-6.00	-3.29	-23.48	-3.28	-1.81
Profit/loss from discontinued operations				20.72	139.26
Net earnings	22.54	10.56	82.91	32.82	144.03

	2020	2021	2022	2023	2024
Intangible rights	3.63	3.86	7.99	7.12
Intangible assets total	3.63	3.86	7.99	7.12
Buildings	74.28	73.50	72.73	74.51	75.46
Machinery and equipment	75.00	72.02	72.11	68.21	1.41
Other tangible assets	16.11	12.75	13.46	9.74	5.69
Tangible assets total	165.38	158.27	158.30	152.46	82.56
Participating interests					40.51
Other non-current investments	0.04	0.04	0.01	0.01
Real estate investments	422.95	432.19	451.37	463.36	509.42
Investments total	423.00	432.24	451.38	463.36	549.93
Long term receivables total
Other stocks	0.19
Inventories total	0.56	0.27	0.32	0.38	0.33
Current trade debtors	19.43	8.16	32.91	35.45	1.96
Prepayments and accrued income	0.77	1.68	0.83	1.70	0.40
Current other receivables	3.66	4.97	3.22	1.77	58.06
Fair value of financial assets		0.04	0.04	0.04
Short term receivables total	23.86	14.85	37.01	38.96	60.42
Cash and bank deposits	2.87	2.80	50.80	69.14	164.66
Cash and cash equivalents	2.87	2.80	50.80	69.14	164.66
Balance sheet total (assets)	619.30	612.30	705.78	731.43	857.91

	2020	2021	2022	2023	2024
Share capital	99.02	99.02	99.02	99.02	99.02
Share premium account	77.02	77.02	77.02	77.02	77.02
Shares repurchased	-0.22
Other reserves					99.02
Retained earnings	23.61	46.29	56.85	139.76	73.57
Profit of the financial year	22.54	10.56	82.91	32.82	144.03
Shareholders equity total	221.97	232.88	315.79	348.62	492.64
Non-current leasing loans	7.21	4.98	4.41	4.25
Non-current accruals and deferred income	33.33
Non-current other liabilities	284.81	312.73	332.71	327.74	313.49
Non-current deferred tax liabilities	5.48	8.87	21.44	23.46	27.22
Non-current liabilities total	330.84	326.57	358.56	355.44	340.71
Current leasing loans	3.01	0.77	0.15	0.16
Current trade creditors	4.29	3.04	7.92	5.51	3.18
Short-term deferred tax liabilities	0.51		1.42	0.32
Other non-interest bearing current liabilities	51.37	43.08	15.88	15.60	21.02
Accruals and deferred income	7.30	5.95	6.06	5.79	0.36
Current liabilities total	66.49	52.84	31.43	27.36	24.56
Balance sheet total (liabilities)	619.30	612.30	705.78	731.43	857.91

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