GL MUSIC Entertainment A/S — Credit Rating and Financial Key Figures

CVR number: 33041233

Gørtlervej 4, 2400 København NV

info@glmusic.dk

tel: 20115541

www.glmusic.dk

Income statement (kDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales
Gross profit	3 162.68	3 292.65	4 058.00	3 167.97	4 832.97
Employee benefit expenses	-3 730.82	-3 419.25	-3 788.07	-5 091.60	-4 445.17
Other operating expenses					-39.29
Total depreciation	-86.89	-92.15	-89.14	-93.78	-87.72
EBIT	- 655.03	- 218.74	180.79	-2 017.40	260.78
Other financial income	0.60	3.68	38.63	103.66	45.45
Other financial expenses	- 155.04	- 119.86	- 148.42	-36.13	- 199.27
Net income from associates (fin.)	52.00	-50.15	-25.17	25.17	-53.67
Pre-tax profit	- 757.47	- 385.06	45.83	-1 924.71	53.28
Income taxes	158.52	82.87	-38.61	- 380.27
Net earnings	- 598.94	- 302.19	7.23	-2 304.98	53.28

	2020	2021	2022	2023	2024
Development expenditure		614.53	874.53
Intangible assets total		614.53	874.53
Buildings	260.55	298.57	218.85	131.13	43.40
Machinery and equipment	27.89	15.47	6.05
Tangible assets total	288.45	314.04	224.90	131.13	43.40
Holdings in group member companies	50.33	40.00	40.00	188.33	134.65
Participating interests		25.17
Investments total	264.14	470.40	445.24	593.56	582.02
Non-current loans receivable	49.98
Long term receivables total	49.98
Inventories total
Current trade debtors	134.05	154.20	546.03	295.62	211.27
Current amounts owed by group member comp.	1.40			874.53	1 432.41
Current owed by particip. interest comp.				2 169.67	2 360.41
Prepayments and accrued income	51.66	133.55	98.79	99.78	81.84
Current other receivables	4 166.04	5 613.19	5 150.46	6 117.14	5 579.88
Current deferred tax assets	153.91	270.08	323.08		31.93
Short term receivables total	4 507.05	6 171.02	6 118.36	9 556.73	9 697.73
Cash and bank deposits	3.09	2.27	2 008.99	10.71	14.33
Cash and cash equivalents	3.09	2.27	2 008.99	10.71	14.33
Balance sheet total (assets)	5 112.70	7 572.26	9 672.01	10 292.13	10 337.48

	2020	2021	2022	2023	2024
Share capital	500.00	500.00	545.78	545.78	545.78
Other reserves		479.33	682.13
Retained earnings	663.32	- 414.95	1 584.27	2 273.63	-31.36
Profit of the financial year	- 598.94	- 302.19	7.23	-2 304.98	53.28
Shareholders equity total	564.38	262.18	2 819.41	514.43	567.71
Non-current advances received	531.35
Non-current other liabilities		99.01	2 900.00
Non-current deferred tax liabilities				2 900.00	2 900.00
Non-current liabilities total	531.35	99.01	2 900.00	2 900.00	2 900.00
Current loans from credit institutions	2 529.15	2 830.37	99.01	1 508.74	405.03
Current trade creditors	139.65	297.97	175.48	145.76	106.64
Current owed to participating					0.45
Current owed to group member		33.93	34.61	39.86	26.89
Short-term deferred tax liabilities	0.15		1.24	1.76
Other non-interest bearing current liabilities	1 348.03	4 048.81	3 642.27	5 181.58	6 330.76
Current liabilities total	4 016.97	7 211.07	3 952.60	6 877.70	6 869.77
Balance sheet total (liabilities)	5 112.70	7 572.26	9 672.01	10 292.13	10 337.48

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