X-YACHTS A/S — Credit Rating and Financial Key Figures

CVR number: 24260615

Fjordagervej 21, 6100 Haderslev

tel: 74530397

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales		281.46	308.59	213.61	217.51
Costs of manufacturing		- 249.40	- 282.27	- 227.03	- 234.32
Gross profit	19.88	32.28	26.54	-13.24	-16.81
Costs of management	-12.61	-12.67	-12.24	-13.09	-12.37
Costs of distribution	-7.64	-10.26	-10.55	-13.11	-12.17
EBIT	-0.37	9.35	3.75	-39.44	-41.34
Other financial income	1.24	0.92	1.79	3.58	4.70
Other financial expenses	-1.61	-1.20	-2.74	-7.38	-1.27
Net income from associates (fin.)	3.75	1.34	-1.93	-1.89	1.01
Pre-tax profit	3.01	10.41	0.88	-45.12	-36.90
Income taxes	0.03	-0.90	-0.62	3.52	4.49
Net earnings	3.04	9.51	0.25	-41.60	-32.41

	2020	2021	2022	2023	2024
Development expenditure	17.62	25.40	25.90	21.51	23.88
Intangible assets total	17.62	25.40	25.90	21.51	23.88
Land and waters	48.46	47.49	54.64	52.51	52.86
Buildings	16.17	14.66	13.36	11.44	10.59
Machinery and equipment	0.97	0.85	2.64	6.66	8.52
Tangible assets total	65.60	63.00	70.64	70.61	71.97
Holdings in group member companies	11.41	12.48	9.90	8.93	10.12
Investments total	11.41	12.48	9.90	8.93	10.12
Long term receivables total
Semifinished products	7.86	7.04	2.90	4.21	4.38
Raw materials and consumables	20.92	40.46	59.33	62.77	33.77
Finished products/goods	1.45	5.73	3.85	4.99	14.03
Inventories total	30.23	53.24	66.08	71.96	52.18
Current trade debtors	0.66	3.21	8.34	5.66	17.46
Current amounts owed by group member comp.	18.52	34.95	52.72	52.89	54.17
Prepayments and accrued income	2.19	4.11	3.40	2.61	1.18
Current other receivables	26.32	33.26	33.03	26.18	24.89
Current deferred tax assets	6.73	5.84	5.22	7.91	9.85
Short term receivables total	54.43	81.38	102.71	95.24	107.56
Cash and bank deposits	0.31	5.84	0.91	1.57	3.52
Cash and cash equivalents	0.31	5.84	0.91	1.57	3.52
Balance sheet total (assets)	179.59	241.34	276.13	269.83	269.24

	2020	2021	2022	2023	2024
Share capital	5.20	5.20	5.20	5.20	15.20
Asset revaluation reserve	4.34	4.20	4.06	3.92	3.78
Other reserves	13.25	19.05	19.22	16.71	18.74
Retained earnings	31.25	28.36	37.64	91.46	182.65
Profit of the financial year	3.04	9.51	0.25	-41.60	-32.41
Shareholders equity total	57.08	66.33	66.37	75.69	187.96
Provisions	5.30	7.41	5.71	3.20	4.58
Non-current loans from credit institutions	6.92	4.54	1.06	0.92	0.66
Non-current other liabilities	2.22
Non-current liabilities total	9.14	4.54	1.06	0.92	0.66
Current loans from credit institutions	3.34	7.46	25.41	34.16	0.21
Advances received	22.69	30.55	12.94	19.97	16.61
Current trade creditors	13.56	24.58	14.40	11.04	13.86
Current owed to group member	39.89	60.73	129.70	101.32	28.87
Other non-interest bearing current liabilities	12.05	11.43	9.18	9.14	7.95
Accruals and deferred income	16.55	28.31	11.36	14.39	8.54
Current liabilities total	108.07	163.06	202.99	190.03	76.03
Balance sheet total (liabilities)	179.59	241.34	276.13	269.83	269.24

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