Tusass A/S — Credit Rating and Financial Key Figures

CVR number: 17516345

Farip Aqqutaa 8, 3900 Nuuk

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	802.20	786.10	795.00	823.60	797.59
Manufacturing for enterprise's own use				13.79	12.69
Other operating income				13.66	27.13
Costs of manufacturing				- 120.30	- 111.39
External services				- 228.04	- 205.69
Gross profit	802.20	786.10	795.00	502.71	520.32
Employee benefit expenses				- 186.76	- 192.99
Other operating expenses				-3.39	-3.48
Total depreciation				- 148.02	- 158.24
EBIT	171.70	114.30	145.80	164.55	165.62
Other financial income				3.00	6.80
Other financial expenses				-2.47	-2.82
Net income from associates (fin.)				0.31	0.33
Pre-tax profit	122.70	82.30	116.30	165.39	169.92
Income taxes				-41.36	-42.80
Net earnings	122.70	82.30	116.30	124.03	127.12

	2022	2023	2024
Development expenditure		5.31	3.17
Intangible rights		11.82	7.00
Intangible assets total		17.14	10.17
Buildings		1 111.43	1 037.63
Machinery and equipment		32.50	24.28
Advance payments and construction in progress		180.28	209.23
Tangible assets total		1 324.21	1 271.14
Participating interests		6.94	7.27
Investments total		6.94	7.27
Non-current loans receivable		0.32	0.32
Long term receivables total		0.32	0.32
Finished products/goods		23.73	13.41
Inventories total		23.73	13.41
Current trade debtors		58.13	47.20
Prepayments and accrued income		20.27	23.44
Current other receivables		22.75	28.07
Short term receivables total		101.15	98.70
Cash and bank deposits	177.56	199.85	331.82
Cash and cash equivalents	177.56	199.85	331.82
Balance sheet total (assets)	177.56	1 673.34	1 732.83

	2020	2021	2022	2023	2024
Share capital			1 250.22	150.00	150.00
Share premium account				180.36	180.36
Shares repurchased				87.60	87.60
Other reserves				1.85	2.18
Retained earnings	- 122.70	-82.30	- 116.30	764.71	823.09
Profit of the financial year	122.70	82.30	116.30	124.03	127.12
Shareholders equity total			1 250.22	1 308.55	1 370.35
Provisions				185.26	176.03
Non-current loans from credit institutions				11.96	9.64
Non-current liabilities total				11.96	9.64
Current loans from credit institutions				0.57	0.62
Advances received				0.36	0.28
Current trade creditors				50.05	37.86
Short-term deferred tax liabilities				21.16	29.04
Other non-interest bearing current liabilities				95.42	109.02
Current liabilities total				167.56	176.82
Balance sheet total (liabilities)			1 250.22	1 673.34	1 732.83

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