KJ2 Holding, Kolding ApS — Credit Rating and Financial Key Figures

CVR number: 41248718

Egtved Alle 1, 6000 Kolding

Income statement (mDKK)

	2020	2021	2022	2023
Fiscal period length	12	12	12	12
Net sales	1 398.55	1 660.05	2 054.19	2 358.96
Other operating income	10.16	13.03	20.20	17.89
Costs of manufacturing	-1 170.31	-1 387.35	-1 748.33	-2 020.72
External services	-55.51	-63.58	-55.36	-79.08
Rents				-0.37
Gross profit	182.88	222.15	270.71	276.69
Employee benefit expenses	- 134.64	- 156.33	- 174.33	- 185.64
Other operating expenses			-0.95	-0.32
Total depreciation	-11.44	-17.72	-21.20	-24.89
EBIT	36.81	48.11	74.22	65.84
Other financial income	0.99	3.98	18.91	4.11
Other financial expenses	-8.55	-12.07	-17.88	-41.55
Net income from associates (fin.)	3.90	0.68	51.80	8.38
Pre-tax profit	33.14	40.70	127.04	36.77
Income taxes	-7.32	-9.00	-17.12	-6.98
Net earnings	25.82	31.69	109.92	29.79

	2020	2021	2022	2023
Development expenditure	18.11
Intangible rights		0.44	0.66	0.47
Goodwill	10.32	25.12	28.18	24.19
Intangible assets total	28.43	25.56	28.84	24.66
Land and waters	369.13	422.39	559.62	618.31
Buildings	4.07	5.16	8.20	9.12
Machinery and equipment	33.10	45.91	42.21	50.88
Advance payments and construction in progress	51.68	79.48	39.54	12.05
Tangible assets total	457.99	552.94	649.56	690.35
Participating interests	13.74	3.04	20.30	26.31
Investments total	14.54	3.84	21.10	27.67
Non-current loans receivable	1.06	12.46	12.96	12.97
Non-current other receivables	3.87	3.14	2.36	2.26
Long term receivables total	4.92	15.60	15.32	15.24
Other stocks				1.58
Finished products/goods	132.04	187.53	233.69	259.79
Inventories total	132.04	187.53	233.69	261.38
Current trade debtors	59.07	66.96	137.93	109.40
Current owed by particip. interest comp.	5.19	4.73	3.83	4.27
Prepayments and accrued income	0.13	0.49	1.62	1.97
Current other receivables	34.03	43.25	47.66	51.22
Current deferred tax assets	1.55
Short term receivables total	99.97	115.43	191.04	166.86
Cash and bank deposits	0.28	5.08	22.29	4.07
Cash and cash equivalents	0.28	5.08	22.29	4.07
Balance sheet total (assets)	738.17	905.98	1 161.84	1 190.23

	2020	2021	2022	2023
Share capital	0.04	0.04	0.04	0.04
Other reserves	0.07	0.19	0.25
Retained earnings	42.27	42.59	-25.27	67.02
Profit of the financial year	25.82	31.69	109.92	29.79
Minority interest (BS)	89.18	112.19	207.94	220.54
Shareholders equity total	157.38	186.70	292.88	317.39
Provisions	27.72	31.06	33.55	36.97
Non-current loans from credit institutions	271.06	349.37	373.24	367.96
Non-current other liabilities	2.75	3.88	7.22	7.97
Non-current deferred tax liabilities	30.35	37.29
Non-current liabilities total	304.15	390.54	380.47	375.93
Current loans from credit institutions	114.45	132.77	252.47	271.05
Advances received	3.26	8.35	2.81	8.11
Current trade creditors	44.34	41.47	39.20	48.42
Current owed to participating	4.85	8.28	20.11	4.50
Short-term deferred tax liabilities		4.58	12.86	0.15
Other non-interest bearing current liabilities	77.60	98.52	125.19	126.43
Accruals and deferred income	4.41	3.72	2.31	1.28
Current liabilities total	248.92	297.68	454.95	459.94
Balance sheet total (liabilities)	738.17	905.98	1 161.84	1 190.23

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