DANELEC ELECTRONICS A/S — Credit Rating and Financial Key Figures

CVR number: 18630877

Hørmarken 2, 3520 Farum

tel: 45821979

www.danelec.com

Income statement (mDKK)

	2019	2022	2023
Fiscal period length	12	12	12
Net sales	102.30	298.01	330.31
Manufacturing for enterprise's own use		-11.97	-13.53
Costs of manufacturing		- 118.01	- 124.80
External services		-38.12	-65.17
Gross profit	59.10	153.84	153.87
Employee benefit expenses		-71.75	-88.80
Total depreciation		-26.40	-29.92
EBIT	26.10	55.69	35.16
Other financial income		0.96	0.51
Other financial expenses		-7.01	-10.82
Pre-tax profit	20.80	49.64	24.86
Income taxes		-10.88	-7.46
Net earnings	20.80	38.76	17.40

	2019	2022	2023
Development expenditure		55.04	67.36
Intangible rights		2.19	8.63
Goodwill		71.69	63.19
Intangible assets total		128.91	139.18
Machinery and equipment		4.22	4.26
Tangible assets total		4.22	4.26
Other non-current investments			10.36
Investments total	78.60		10.36
Non-current loans receivable		7.64	12.79
Non-current other receivables		4.94	5.12
Long term receivables total		12.58	17.91
Semifinished products		0.64	0.19
Raw materials and consumables		12.16	7.51
Finished products/goods		27.20	32.15
Inventories total		40.00	39.85
Current trade debtors		55.15	62.11
Current amounts owed by group member comp.		9.54
Prepayments and accrued income		4.91	1.66
Current other receivables		2.78	2.07
Short term receivables total		72.39	65.85
Cash and bank deposits		18.03	15.55
Cash and cash equivalents		18.03	15.55
Balance sheet total (assets)	78.60	276.14	292.94

	2019	2022	2023
Share capital	48.10	10.73	10.77
Shares repurchased			12.00
Other reserves		-4.01	-4.16
Retained earnings	-20.80	42.43	58.19
Profit of the financial year	20.80	38.76	17.40
Shareholders equity total	48.10	87.92	94.21
Provisions		20.45	29.30
Non-current loans from credit institutions		104.35	104.01
Non-current other liabilities		20.45	29.30
Non-current liabilities total		124.80	133.30
Current loans from credit institutions		5.55	5.55
Current trade creditors		21.14	26.57
Current owed to group member			1.73
Short-term deferred tax liabilities		7.76	3.91
Other non-interest bearing current liabilities		25.08	21.05
Accruals and deferred income		3.88	6.63
Current liabilities total		63.42	65.43
Balance sheet total (liabilities)	48.10	296.59	322.24

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