Kinesso Denmark ApS — Credit Rating and Financial Key Figures

CVR number: 36930039

Sankt Petri Passage 5, 1165 København K

Income statement (mDKK)

	2014	2015	2016	2017	2018
Fiscal period length	12	12	12	12	12
Net sales	735.22	760.31	775.57	663.45	704.39
Other operating income			0.02
Purchases during the financial year	- 649.23	- 666.88	- 666.84	- 559.19	- 595.76
External services	-20.99	-25.28	-27.61	-27.22	-30.67
Gross profit	65.00	68.16	81.15	77.04	77.96
Employee benefit expenses	-58.62	-56.65	-67.01	-71.55	-70.31
Total depreciation	-0.81	-0.60	-0.46	-0.37	-0.35
EBIT	5.56	10.90	13.68	5.12	7.30
Other financial income	0.05	0.36	0.50	0.29	0.46
Other financial expenses	-0.78	-0.37	-0.73	-0.71	-0.24
Pre-tax profit	4.83	10.89	13.45	4.71	7.52
Income taxes	-1.24	-2.61	-3.25	-1.06	-1.74
Net earnings	3.59	8.28	10.20	3.65	5.78

	2014	2015	2016	2017	2018
Intangible rights	0.16			0.12	0.19
Goodwill	0.33	0.22	0.12	0.02
Intangible assets total	0.48	0.22	0.12	0.14	0.19
Buildings	0.43	0.23	0.04	0.06	0.03
Machinery and equipment	0.43	0.36	0.40	0.30	0.51
Tangible assets total	0.86	0.59	0.44	0.36	0.54
Investments total		1.66	1.65	1.72	1.75
Non-current other receivables	1.47
Deferred tax assets	0.74
Long term receivables total	2.21
Inventories total
Current trade debtors	134.83	108.46	114.16	110.31	149.42
Current amounts owed by group member comp.	1.89	4.10	55.60	35.56	28.88
Prepayments and accrued income	0.08	0.07	0.00	0.00	0.00
Current other receivables	7.28	11.39	14.76	14.15	17.81
Current deferred tax assets		0.24	0.54	2.00	1.59
Short term receivables total	144.09	124.27	185.06	162.01	197.70
Cash and bank deposits	3.95	31.63	8.68	18.64	12.77
Cash and cash equivalents	3.95	31.63	8.68	18.64	12.77
Balance sheet total (assets)	151.60	158.37	195.94	182.87	212.96

	2014	2015	2016	2017	2018
Share capital	1.02	0.10	0.10	0.10	0.10
Other reserves	-3.54
Retained earnings	44.76	54.53	62.64	70.89	72.55
Profit of the financial year	3.59	8.28	10.20	3.65	5.78
Minority interest (BS)	3.54	3.20	0.87	2.63	2.69
Shareholders equity total	49.36	66.11	73.81	77.27	81.12
Provisions	3.54	0.88	0.90	0.91	0.91
Non-current liabilities total
Current loans from credit institutions		0.22
Advances received	13.51	9.98	9.99	4.40	1.29
Current trade creditors	62.28	62.79	82.89	70.24	83.80
Current owed to group member	6.11	3.33	6.14	5.89	12.39
Short-term deferred tax liabilities	1.72			6.68	11.13
Other non-interest bearing current liabilities	14.90	14.60	21.99	16.77	21.71
Accruals and deferred income	0.17	0.46	0.21	0.70	0.60
Current liabilities total	98.70	91.38	121.23	104.68	130.93
Balance sheet total (liabilities)	151.60	158.37	195.94	182.87	212.96

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