STIBO-FONDEN — Credit Rating and Financial Key Figures

CVR number: 64212028

Axel Kiers Vej 11, 8270 Højbjerg

tel: 89398940

Income statement (mDKK)

	2015	2016	2017	2018	2019
Fiscal period length	12	12	12	12	12
Net sales	1 983.97	1 795.59	1 706.82	1 837.61	1 845.33
Change in finished goods inventory	5.34	-11.11	0.03	-0.23	-0.25
Other operating income	28.75	33.86	32.68	36.75	35.66
Purchases during the financial year	- 750.94	- 666.56	- 637.67	- 668.43	- 609.40
External services	- 232.75	- 245.38	- 240.71	- 281.62	- 319.13
Gross profit	1 034.38	906.39	861.15	924.54	952.71
Employee benefit expenses	- 794.66	- 805.10	- 732.28	- 825.50	- 922.93
Other operating expenses	-0.03	-0.20	-0.10	-0.03	-0.12
Total depreciation	-85.16	-71.92	-66.33	-71.17	-77.28
EBIT	154.53	29.17	62.44	27.85	-47.60
Other financial income	2.75	3.15	3.03	11.28	47.15
Other financial expenses	-6.75	-6.66	-15.40	-4.56	-15.43
Net income from associates (fin.)	6.66	-3.99	-2.48	-1.42	1.90
Pre-tax profit	157.19	21.66	47.59	33.15	-13.97
Income taxes	-39.08	-7.00	-14.77	-9.98	7.87
Net earnings	118.11	14.66	32.83	23.17	-6.10

	2015	2016	2017	2018	2019
Intangible rights	8.82	6.93	5.04	14.35	26.48
Goodwill				27.96	57.41
Intangible assets total	8.82	6.93	5.04	42.30	83.89
Land and waters	155.49	154.99	154.49	165.07	194.48
Buildings	254.62	211.81	179.50	139.34	182.21
Machinery and equipment	16.11	15.93	12.88	15.87	14.69
Tangible assets total	426.22	382.74	346.88	320.29	391.39
Participating interests		21.75	18.15	14.61	0.11
Investments total	11.76	33.59	30.19	26.79	13.79
Non-current other receivables				3.60	15.20
Long term receivables total				3.60	15.20
Semifinished products	21.73	10.62	10.65	10.88	11.13
Raw materials and consumables	53.38	55.02	50.12	58.22	62.10
Inventories total	75.11	65.65	60.77	69.10	73.22
Current trade debtors	364.42	334.94	337.82	302.20	326.20
Prepayments and accrued income	17.92	19.43	22.66	39.84	48.01
Current other receivables	36.63	14.81	20.76	47.11	43.69
Current deferred tax assets	2.56	5.85	4.59	8.75	32.53
Short term receivables total	421.53	375.03	385.82	397.91	450.43
Other current investments	0.24	4.53	4.04	307.76	175.26
Cash and bank deposits	584.33	579.98	627.08	336.95	391.84
Cash and cash equivalents	584.57	584.51	631.12	644.71	567.10
Balance sheet total (assets)	1 528.03	1 448.44	1 459.81	1 504.69	1 595.02

	2015	2016	2017	2018	2019
Share capital	25.00	25.00	50.00	50.00	50.00
Other restricted equity	4.00	4.00	4.00	4.00	4.00
Retained earnings	765.35	875.02	864.37	894.49	911.03
Profit of the financial year	118.11	14.66	32.83	23.17	-6.10
Minority interest (BS)	5.27	3.77	5.30	6.84	8.25
Shareholders equity total	917.73	922.45	956.50	978.50	967.18
Provisions	49.34	33.60	19.54	19.38	15.26
Non-current loans from credit institutions	104.53	92.16	78.36	76.32	61.50
Non-current other liabilities				15.40	26.98
Non-current liabilities total	104.53	92.16	78.36	91.72	88.48
Current loans from credit institutions	11.81	12.39	13.73	5.97	11.64
Advances received	203.74	180.38	200.15	201.90	271.02
Current trade creditors	49.41	55.68	35.54	37.44	61.30
Short-term deferred tax liabilities	5.64	7.70	5.95	4.04	4.52
Other non-interest bearing current liabilities	185.83	144.09	150.04	165.73	175.62
Current liabilities total	456.43	400.24	405.41	415.09	524.10
Balance sheet total (liabilities)	1 528.03	1 448.44	1 459.81	1 504.69	1 595.02

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