Christiania Shipping A/S — Credit Rating and Financial Key Figures

CVR number: 40533516

Amerika Plads 38, 2100 København Ø

Income statement (mUSD)

	2013	2014	2015	2016	2017
Fiscal period length	12	12	12	12	12
Net sales	140.08	132.50	103.23	95.01	89.31
Other operating income	0.71	5.48	13.10	2.23	0.05
Purchases during the financial year	- 110.32
Costs of manufacturing		- 105.42	-83.39
External services	-3.60	-8.13	-8.73
Gross profit	26.88	24.43	24.20	97.24	89.36
Employee benefit expenses	-22.82	-19.61	-19.26
Other operating expenses	-10.53	-18.71	-4.26	- 100.90	-94.65
Total depreciation	-10.92	-20.14	-15.61	-13.00	-8.58
Reduction in value of non-current assets				-54.26	-54.03
Net income from associates				-0.22	0.47
EBIT	-17.39	-34.03	-14.93	-71.14	-67.43
Other financial income	0.18	54.68	0.38	0.64	0.78
Other financial expenses				-6.90	-7.35
Pre-tax profit	-17.20	20.65	-14.55	-77.41	-74.00
Income taxes				-0.01	-0.01
Net earnings	-17.20	20.65	-14.55	-77.42	-74.01

	2013	2014	2015	2016	2017
Intangible rights				0.03
Intangible assets total				0.03
Buildings	2.42	1.62
Machinery and equipment	197.46	187.73	174.85
Other tangible assets	0.37	0.17		106.79	39.49
Tangible assets total	200.25	189.51	174.85	106.79	39.49
Holdings in group member companies				1.49	1.95
Other non-current investments	4.17	1.23	5.94		0.16
Investments total	4.17	1.23	5.94	1.49	2.12
Non-current other receivables		1.64	2.35
Long term receivables total		1.64	2.35
Inventories total	3.11	1.82	1.00	1.14	1.76
Current trade debtors				3.14	5.87
Current amounts owed by group member comp.				0.00	0.01
Prepayments and accrued income				1.91	1.91
Current other receivables	12.11	16.26	9.77	1.27	1.75
Short term receivables total	12.11	16.26	9.77	6.32	9.53
Cash and bank deposits	2.80	0.78	10.49	3.99	5.84
Cash and cash equivalents	2.80	0.78	10.49	3.99	5.84
Non-current assets for sale				4.40	5.41
Balance sheet total (assets)	222.43	211.23	204.40	124.16	64.16

	2013	2014	2015	2016	2017
Share capital				0.25	0.25
Other reserves	3.04	3.04	0.25	-0.03
Retained earnings	-13.20	-30.27	20.60	6.19	-71.23
Profit of the financial year	-17.20	20.65	-14.55	-77.42	-74.01
Shareholders equity total	-27.36	-6.59	6.30	-71.01	- 144.98
Provisions		2.03
Non-current loans from credit institutions				20.62
Provisions				0.21	0.03
Non-current liabilities total				20.83	0.03
Current loans from credit institutions				163.96	194.52
Current trade creditors				6.45	6.98
Current owed to group member				0.11
Other non-interest bearing current liabilities	27.36	6.59	-6.30	3.83	7.61
Current liabilities total	27.36	6.59	-6.30	174.34	209.11
Balance sheet total (liabilities)		2.03		124.16	64.16

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