TORBEN HERMAN CHRISTENSEN HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 32654169

Taarbæk Strandvej 42 C, 2930 Klampenborg

Income statement (mDKK)

	2018	2019	2020	2021	2022
Fiscal period length	12	12	12	12	12
Net sales	2 289.81	3 170.98	3 506.82	753.82	1 411.11
Other operating income	1.90	1.40	5.13	371.13	26.78
Purchases during the financial year	-2 070.85	-2 903.97	-3 169.23	- 597.49	-1 213.05
External services	-68.00	-59.09	-52.39	-48.03	-52.93
Gross profit	152.85	209.32	290.33	479.43	171.91
Employee benefit expenses	-86.21	- 103.06	- 117.44	-83.74	-91.52
Other operating expenses	-0.67	-0.19
Total depreciation	-11.46	-14.20	-17.33	-11.39	-14.22
EBIT	54.52	91.86	155.55	384.29	66.17
Other financial income	3.24	1.14	0.54	2.05	5.51
Other financial expenses	-9.10	-12.02	-15.47	-1.72	-3.49
Net income from associates (fin.)	3.65	-0.34	17.08	31.59	104.21
Pre-tax profit	52.31	80.65	157.70	400.38	172.41
Income taxes	-12.34	-20.05	-31.79	7.92	-15.12
Profit/loss from discontinued operations				81.30
Net earnings	39.96	60.61	125.91	489.60	157.29

	2018	2019	2020	2021	2022
Development expenditure	5.90	5.10		3.68	3.74
Intangible rights			7.81
Goodwill	0.19	0.16	0.13
Intangible assets total	6.09	5.26	7.95	3.68	3.74
Land and waters	98.93	93.75	89.03	112.63	107.47
Buildings	2.14	3.33	2.95	2.73	3.09
Machinery and equipment	38.73	45.24	46.85	43.74	50.67
Advance payments and construction in progress	14.60	0.02	4.88
Tangible assets total	154.40	142.35	143.71	159.10	161.24
Participating interests	85.81	115.24	144.45	246.97	353.55
Investments total	88.92	118.69	167.10	248.02	355.28
Non-curr. owed by particip. interest comp.	17.87	9.90	14.02	91.71	103.00
Non-current loans receivable	5.80	3.77	1.28	11.29	11.12
Non-current other receivables				112.78	1.88
Long term receivables total	23.67	13.67	15.30	215.78	116.00
Finished products/goods	118.61	253.90	310.87	13.30	16.54
Advance payments	3.01	15.83	20.42
Inventories total	121.63	269.73	331.29	13.30	16.54
Current trade debtors	198.23	270.60	291.37	47.09	75.88
Current owed by particip. interest comp.	12.97	10.39	10.69	48.25	20.00
Prepayments and accrued income	12.37	25.50	13.26	25.64	32.06
Current other receivables	13.76	19.29	56.17	7.78	125.79
Current deferred tax assets	0.95	1.46	1.05	0.01	4.78
Short term receivables total	238.27	327.26	372.55	128.78	258.52
Other current investments					0.89
Cash and bank deposits	20.81	29.26	45.36	182.53	155.69
Cash and cash equivalents	20.81	29.26	45.36	182.53	156.58
Balance sheet total (assets)	653.78	906.21	1 083.26	951.18	1 067.90

	2018	2019	2020	2021	2022
Share capital	2.00	2.00	2.00	2.00	2.00
Shares repurchased				50.00	6.00
Other reserves	32.97	14.15	36.98	53.20	156.60
Retained earnings	103.52	127.00	100.01	-67.41	248.16
Profit of the financial year	39.96	60.61	125.91	489.60	157.29
Minority interest (BS)	123.65	162.71	243.65	289.81	315.12
Shareholders equity total	302.10	366.47	508.55	817.21	885.16
Provisions	6.36	5.70	8.04	4.64	29.54
Non-current loans from credit institutions	40.88	48.79	53.49	18.36	11.40
Non-current owed to group member	0.70	0.52
Non-current other liabilities	33.56	35.82	21.26	9.47	7.79
Non-current liabilities total	75.13	85.13	74.75	27.83	19.20
Current loans from credit institutions	146.92	270.39	257.33	7.04	6.97
Advances received	5.79	0.13	0.28		7.29
Current trade creditors	65.97	111.44	107.39	27.31	45.81
Current owed to participating	1.82	1.22	4.33		35.55
Short-term deferred tax liabilities	7.58	11.31	9.61	2.79	4.11
Other non-interest bearing current liabilities	42.12	54.44	112.98	64.35	34.26
Current liabilities total	270.20	448.92	491.92	101.50	134.00
Balance sheet total (liabilities)	653.78	906.21	1 083.26	951.18	1 067.90

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