VESTERVANGEN HOLDING ODENSE ApS — Credit Rating and Financial Key Figures

CVR number: 27290515

Agern Alle 3, 2970 Hørsholm

tel: 25678765

Income statement (mDKK)

	2018	2019	2020	2021	2022
Fiscal period length	12	12	12	12	12
Net sales		440.87	443.61	442.17	454.24
Other operating income	14.76				18.06
Purchases during the financial year					- 224.20
External services	-1.18				-81.15
Gross profit	13.59	199.72	196.75	179.71	166.95
Employee benefit expenses	-0.20				- 151.24
Total depreciation	-0.50				-15.57
EBIT	12.88	47.28	28.33	-15.86	0.14
Other financial income	1.21				0.86
Other financial expenses	-0.39				-5.92
Net income from associates (fin.)	4.27
Pre-tax profit	17.97	38.44	22.94	-10.51	-4.92
Income taxes					-5.00
Net earnings	17.97	38.44	22.94	-10.51	-9.92

	2018	2019	2020	2021	2022
Development expenditure					30.53
Intangible rights	1.37				0.26
Intangible assets total	1.37				30.79
Land and waters	13.31				10.32
Buildings	78.05				48.67
Machinery and equipment	0.22				1.87
Advance payments and construction in progress	0.15				10.61
Tangible assets total	91.74				71.47
Investments total		236.43	271.86	267.13
Non-current loans receivable	0.10
Non-current other receivables	0.57
Long term receivables total	0.68
Semifinished products	24.53				59.85
Raw materials and consumables	37.30				14.65
Finished products/goods	1.53				3.92
Advance payments					0.11
Inventories total	63.36				78.53
Current trade debtors	17.13				40.56
Prepayments and accrued income	2.39				1.85
Current other receivables	12.56				6.11
Current deferred tax assets	8.82				5.25
Short term receivables total	40.90				53.77
Other current investments	1.49
Cash and bank deposits	22.40				11.85
Cash and cash equivalents	23.89				11.85
Balance sheet total (assets)	221.93	236.43	271.86	267.13	246.40

	2018	2019	2020	2021	2022
Share capital	0.10	123.39	146.04	135.43	0.10
Shares repurchased					28.95
Other reserves					-29.19
Retained earnings	56.25	-38.44	-22.94	10.51	74.92
Profit of the financial year	17.97	38.44	22.94	-10.51	-9.92
Minority interest (BS)	20.04				41.69
Shareholders equity total	94.36	123.39	146.04	135.43	106.56
Provisions					4.17
Capital loans	2.00
Non-current loans from credit institutions	7.50
Non-current leasing loans	3.72				37.43
Non-current accruals and deferred income	1.12				0.21
Non-current deferred tax liabilities					3.02
Non-current liabilities total	14.35				40.66
Current loans from credit institutions	46.98				15.45
Advances received	4.36				5.15
Current trade creditors	38.66				39.91
Current owed to participating					0.90
Other non-interest bearing current liabilities	22.90				33.59
Accruals and deferred income	0.33				0.03
Current liabilities total	113.23				95.02
Balance sheet total (liabilities)	221.93	123.39	146.04	135.43	246.40

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