BLUE WATER HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 30584066

Trafikhavnskaj 9, 6700 Esbjerg

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	6 413.35	5 779.74	6 736.99	9 259.19	8 959.73
Other operating income					13.56
Costs of manufacturing				-7 576.03	-7 026.28
External services				- 456.96	- 493.85
Gross profit	1 113.34	1 117.93	1 026.64	1 226.20	1 453.17
Employee benefit expenses				-1 042.88	-1 218.93
Other operating expenses				-0.43
Total depreciation				-32.45	-46.47
EBIT	215.14	223.65	154.15	151.31	187.77
Other financial income				6.86	13.57
Other financial expenses				-49.01	-66.92
Income from other inv. held as non-curr. assets				0.35	1.58
Net income from associates (fin.)				-26.01	11.48
Pre-tax profit	145.57	145.14	104.52	83.50	147.48
Income taxes				-33.52	-41.20
Net earnings	145.57	145.14	104.52	49.98	106.28

	2019	2020	2021	2022	2023
Goodwill				32.73	33.63
Intangible assets total				32.73	33.63
Land and waters				444.23	428.89
Buildings				15.75	13.24
Machinery and equipment				38.82	59.28
Tangible assets total				498.80	501.41
Participating interests				56.01	69.80
Investments total	1 735.95	1 716.20	1 985.17	69.39	90.46
Non-current loans receivable				15.54	17.05
Long term receivables total				15.54	17.05
Inventories total
Current trade debtors				1 322.91	1 255.29
Current owed by particip. interest comp.					57.22
Prepayments and accrued income				47.49	55.65
Current other receivables				297.10	284.81
Short term receivables total				1 667.51	1 652.97
Other current investments				0.06	1.35
Cash and bank deposits				186.47	283.71
Cash and cash equivalents				186.53	285.07
Balance sheet total (assets)	1 735.95	1 716.20	1 985.17	2 470.49	2 580.59

	2019	2020	2021	2022	2023
Share capital	331.70	466.34	568.55	50.00	50.00
Shares repurchased				15.00	20.00
Other reserves				45.58	45.58
Retained earnings	- 145.57	- 145.14	- 104.52	482.35	505.12
Profit of the financial year	145.57	145.14	104.52	49.98	106.28
Minority interest (BS)				2.73	3.89
Shareholders equity total	331.70	466.34	568.55	645.63	730.87
Provisions				62.09	11.76
Non-current loans from credit institutions				281.42	267.95
Non-current leasing loans				9.78	13.46
Non-current other liabilities				9.07	14.95
Non-current liabilities total				300.27	296.37
Current loans from credit institutions				217.61	426.95
Current trade creditors				1 076.17	935.42
Current owed to participating					12.54
Short-term deferred tax liabilities				26.51	15.36
Other non-interest bearing current liabilities				126.39	132.79
Accruals and deferred income				15.82	18.54
Current liabilities total				1 462.49	1 541.59
Balance sheet total (liabilities)	331.70	466.34	568.55	2 470.49	2 580.59

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