CARSOE ApS — Credit Rating and Financial Key Figures

CVR number: 14263942

Mineralvej 6-8, 9220 Aalborg Øst

adm@carsoe.dk

tel: 98242019

Income statement (mDKK)

	2015	2016	2017
Fiscal period length	12	12	12
Net sales	181.07	233.94	353.75
Other operating income		0.05	0.93
Purchases during the financial year	-81.98	- 108.78	- 188.91
External services	-23.61	-20.51	-32.04
Gross profit	75.48	104.65	132.79
Employee benefit expenses	-62.91	-76.73	-93.94
Other operating expenses			-0.27
Total depreciation	-5.36	-7.51	-9.60
EBIT	7.21	20.40	29.26
Other financial income	0.35	0.23	1.25
Other financial expenses	-1.48	-1.24	-3.62
Net income from associates (fin.)		-0.17	0.37
Pre-tax profit	6.09	19.27	27.92
Income taxes	-1.22	-4.79	-6.76
Net earnings	4.87	14.49	21.16

	2015	2016	2017
Development expenditure	4.79	6.73	7.25
Intangible assets total	4.79	6.73	7.25
Buildings	31.75	29.46	35.15
Machinery and equipment	4.35	5.13	5.42
Advance payments and construction in progress		1.25	0.13
Tangible assets total	36.09	35.85	40.70
Participating interests		2.17	6.95
Investments total		2.17	6.95
Non-current other receivables	1.61	0.86	1.35
Long term receivables total	1.61	0.86	1.35
Semifinished products	1.07	1.90	5.16
Raw materials and consumables	16.05	16.30	23.42
Finished products/goods	4.28	4.26	4.91
Advance payments		5.19	10.35
Inventories total	21.40	27.65	43.84
Current trade debtors	21.35	30.67	21.61
Current amounts owed by group member comp.		9.05
Current owed by particip. interest comp.			0.41
Prepayments and accrued income	0.79	0.98	2.54
Current other receivables	6.10	10.12	30.13
Short term receivables total	28.24	50.82	54.68
Cash and bank deposits	0.01	3.10	12.49
Cash and cash equivalents	0.01	3.10	12.49
Balance sheet total (assets)	92.15	127.18	167.25

	2015	2016	2017
Share capital	0.58	0.58	0.58
Retained earnings	13.91	14.78	16.03
Profit of the financial year	4.87	14.49	21.16
Minority interest (BS)		-0.00	0.53
Shareholders equity total	19.36	29.84	38.30
Provisions	3.83	4.05	10.54
Non-current loans from credit institutions	8.66	7.10	5.53
Non-current leasing loans	4.53	3.26	0.92
Non-current liabilities total	13.19	10.36	6.46
Current loans from credit institutions	16.70	5.24	9.07
Advances received	2.93	29.55	35.71
Current trade creditors	20.37	28.23	46.78
Current owed to participating			0.10
Current owed to group member	0.29	4.57	4.39
Other non-interest bearing current liabilities	15.49	15.34	15.91
Current liabilities total	55.77	82.94	111.96
Balance sheet total (liabilities)	92.15	127.18	167.25

CreditReports API