Arctic Fish Greenland A/S — Credit Rating and Financial Key Figures

CVR number: 12926057

Qasapi 4, 3900 Nuuk

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	56.88	69.27	88.35	66.91	45.15
Change in finished goods inventory	-0.75	-0.94	2.34	0.21	4.23
Other operating income	0.80	0.71	1.19	1.62	0.22
Purchases during the financial year	-33.34	-40.43	46.60	-40.32	-24.76
External services	-8.20	-10.75	10.27	-9.43	-8.50
Gross profit	15.40	17.86	148.75	18.99	16.34
Employee benefit expenses	-13.56	-17.86	-14.06	-13.37	-9.25
Total depreciation	-1.59	-8.74	-9.65	-10.44	-6.01
EBIT	1.74	-6.85	11.30	-4.81	1.07
Other financial income	0.01			0.04	0.01
Other financial expenses	-0.35	-1.84	-3.82	-6.56	-3.03
Pre-tax profit	1.39	-8.69	7.48	-11.74	-10.41
Income taxes	2.88	3.44	-1.98	-1.17	-0.84
Net earnings	4.27	-5.25	5.50	-12.92	-11.25

	2020	2021	2022	2023	2024
Intangible assets total
Buildings	45.17	74.78	76.41	66.75	34.51
Machinery and equipment	0.43	0.74	1.03	0.72	0.50
Advance payments and construction in progress	8.23	11.17	0.45	0.68	2.02
Tangible assets total	53.82	86.69	77.89	68.15	37.03
Investments total		0.02	0.02	0.02	0.02
Non-current loans receivable	0.02
Long term receivables total	0.02
Raw materials and consumables	3.06	2.20	0.28	1.75	1.38
Finished products/goods	1.85	2.80	7.51	4.95	0.70
Inventories total	4.92	5.00	7.79	6.70	2.09
Current trade debtors	0.49	0.31	0.32	0.67	0.25
Current amounts owed by group member comp.		3.68	20.06	15.43	13.02
Current other receivables	0.08	0.03	0.03	0.03	0.05
Current deferred tax assets		3.07	2.01	0.84
Short term receivables total	0.57	7.10	22.42	16.97	13.32
Cash and bank deposits	0.07	0.03	0.09	0.04	0.03
Cash and cash equivalents	0.07	0.03	0.09	0.04	0.03
Balance sheet total (assets)	59.40	98.83	108.21	91.87	52.48

	2020	2021	2022	2023	2024
Share capital	11.00	11.00	11.00	11.00	11.00
Shares repurchased	4.27
Retained earnings	-4.27		-5.25	0.24	-12.67
Profit of the financial year	4.27	-5.25	5.50	-12.92	-11.25
Shareholders equity total	15.27	5.75	11.24	-1.67	-12.92
Provisions	0.36
Non-current owed to group member		86.75	88.00	88.00	61.55
Non-current liabilities total		86.75	88.00	88.00	61.55
Current trade creditors	0.91	2.01	2.17	2.66	1.36
Current owed to group member	40.69
Short-term deferred tax liabilities			0.92	0.92
Other non-interest bearing current liabilities	2.16	2.49	2.09	1.97	2.49
Accruals and deferred income		1.84	3.77
Current liabilities total	43.77	6.34	8.96	5.54	3.85
Balance sheet total (liabilities)	59.40	98.83	108.21	91.87	52.48

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