Merlot HoldCo ApS — Credit Rating and Financial Key Figures

CVR number: 38125494

Bragesvej 1, 4600 Køge

Income statement (mDKK)

	2018	2019	2020	2021	2022
Fiscal period length	12	12	12	12	12
Net sales	537.00	595.13	699.38	730.53	821.29
Change in finished goods inventory	31.89	-20.77	12.12	-27.32	-22.14
Other operating income			0.05
Purchases during the financial year	- 454.73	- 504.11	- 550.95	- 565.49
Costs of manufacturing					- 692.27
External services	-58.66	-69.35	-55.63	-59.58	-65.75
Gross profit	55.49	42.44	80.74	132.78	85.41
Employee benefit expenses	-45.86	-53.30	-59.65	-66.72	-82.56
Other operating expenses	-0.01		-0.07	-0.20
Total depreciation	-15.42	-15.25	-16.11	-16.39	-18.17
EBIT	-5.80	-26.12	4.92	49.47	-15.32
Other financial income	0.18	0.33	0.64	0.28	0.71
Other financial expenses	-3.60	-4.90	-7.68	-6.61	-6.40
Pre-tax profit	-9.22	-30.68	-2.13	43.15	-21.00
Income taxes	0.69	5.72	-4.81	-7.61	2.90
Net earnings	-8.53	-24.97	-6.94	35.53	-18.10

	2018	2019	2020	2021	2022
Development expenditure		0.21	0.31	0.53	0.48
Intangible rights	40.03	35.33	29.98	28.66	23.85
Goodwill	75.88	71.65	67.41	63.18	58.94
Intangible assets total	115.91	107.18	97.71	92.36	83.28
Buildings	55.18	53.66	50.05	56.45	51.80
Machinery and equipment	0.57	0.43	1.28	1.58	1.29
Advance payments and construction in progress		2.87	2.39	1.34	0.07
Tangible assets total	55.75	56.95	53.72	59.37	53.16
Investments total
Long term receivables total
Raw materials and consumables	19.79	12.38	12.66	11.18	28.21
Finished products/goods	90.90	111.67	98.55	124.70	146.85
Inventories total	110.69	124.06	111.21	135.88	175.06
Current trade debtors	5.27	12.08	12.10	34.83	36.47
Current amounts owed by group member comp.					0.61
Prepayments and accrued income	0.45	0.22	0.85	0.35	1.97
Current other receivables	2.00	0.54	19.31	5.20	5.11
Current deferred tax assets	1.17	1.81	0.34	0.01	0.19
Short term receivables total	8.88	14.65	32.61	40.38	44.34
Cash and bank deposits	20.39	19.36	16.73	3.62	21.88
Cash and cash equivalents	20.39	19.36	16.73	3.62	21.88
Balance sheet total (assets)	311.63	322.21	311.98	331.61	377.71

	2018	2019	2020	2021	2022
Share capital	119.76	120.71	120.71	120.71	120.71
Other reserves			-1.66	3.93	3.24
Retained earnings	5.98	-2.62	-27.56	-34.48	1.09
Profit of the financial year	-8.53	-24.97	-6.94	35.53	-18.10
Shareholders equity total	117.20	93.12	84.55	125.70	106.93
Provisions	13.02	6.97	26.78	14.39	10.50
Non-current loans from credit institutions	36.00	24.00	12.00
Non-current leasing loans	2.77	1.18	0.56
Non-current other liabilities		1.38	3.95	3.95	4.08
Non-current liabilities total	38.77	26.57	16.50	3.95	4.08
Current loans from credit institutions	48.36	84.15	79.43	79.83	0.00
Current trade creditors	71.79	57.57	56.17	65.13	105.79
Current owed to participating		15.48	6.41
Current owed to group member					110.00
Short-term deferred tax liabilities	2.90		1.14	5.61	5.05
Other non-interest bearing current liabilities	19.59	38.35	41.02	37.01	35.36
Current liabilities total	142.64	195.55	184.16	187.58	256.20
Balance sheet total (liabilities)	311.63	322.21	311.98	331.61	377.71

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