Makeen Gas Solutions A/S — Credit Rating and Financial Key Figures

CVR number: 25690869

Alsvej 21, 8940 Randers SV

tel: 87403010

Income statement (mDKK)

	2021	2022	2023	2024
Fiscal period length	12	12	12	12
Net sales	386.58	475.68	520.55	442.89
Other operating income		0.20
Costs of manufacturing	- 323.01	- 383.83	- 438.07	- 420.73
Gross profit	63.57	91.85	82.49	22.16
Costs of management	-26.12	-25.23	-30.84	-28.42
Costs of distribution	-34.60	-51.09	-52.28	-41.07
Other operating expenses	-0.79
EBIT	2.06	15.73	-0.63	-47.33
Other financial income	13.52	13.44	9.94	17.84
Other financial expenses	-3.56	-3.30	-9.46	-9.52
Net income from associates (fin.)	28.34	-12.04	35.44	31.01
Pre-tax profit	40.36	13.84	35.28	-8.00
Income taxes	-3.04	-5.64	-0.17	9.08
Net earnings	37.31	8.20	35.12	1.08

	2021	2022	2023	2024
Development expenditure	18.82	19.41	19.79	19.22
Intangible assets total	18.82	19.41	19.79	19.22
Buildings	4.46	3.95	3.31	2.67
Machinery and equipment	3.92	2.74	1.32	0.22
Tangible assets total	8.38	6.69	4.63	2.89
Holdings in group member companies	192.97	180.40	231.65	252.10
Participating interests	1.83	12.79	13.97	15.47
Investments total	194.90	193.28	245.68	267.63
Non-curr. owed by group member comp.	133.81	104.55	104.20	119.07
Long term receivables total	133.81	104.55	104.20	119.07
Finished products/goods	25.54	28.22	27.88	21.86
Inventories total	25.54	28.22	27.88	21.86
Current trade debtors	29.37	34.47	21.32	14.58
Current amounts owed by group member comp.	87.69	98.17	124.46	191.55
Prepayments and accrued income	1.64	32.00	0.93	0.35
Current other receivables	23.86	23.03	27.06	20.17
Current deferred tax assets	0.70		0.02
Short term receivables total	143.27	187.67	173.78	226.64
Cash and bank deposits	4.28	8.13	0.51	1.11
Cash and cash equivalents	4.28	8.13	0.51	1.11
Balance sheet total (assets)	528.98	547.94	576.46	658.42

	2021	2022	2023	2024
Share capital	15.00	15.00	15.00	15.00
Shares repurchased	25.00
Other reserves	130.06	108.14	139.84	160.44
Retained earnings	85.59	144.49	118.53	137.92
Profit of the financial year	37.31	8.20	35.12	1.08
Shareholders equity total	292.96	275.83	308.48	314.44
Provisions	21.31	30.52	31.37	33.55
Non-current liabilities total
Current loans from credit institutions	43.10	40.34	85.21	119.87
Advances received	61.06	73.11	57.14	69.27
Current trade creditors	43.80	89.23	47.57	52.57
Current owed to group member	39.77	17.92	29.79	55.35
Short-term deferred tax liabilities	2.87	5.24	0.01
Other non-interest bearing current liabilities	24.12	15.74	16.89	13.37
Current liabilities total	214.71	241.59	236.61	310.43
Balance sheet total (liabilities)	528.98	547.94	576.46	658.42

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