Frontmatec Kolding A/S — Credit Rating and Financial Key Figures

CVR number: 76547610

Platinvej 8, 6000 Kolding

kolding@frontmatec.com

tel: 75505477

www.frontmatec.com

Income statement (mDKK)

	2016	2017	2018	2019	2020
Fiscal period length	12	12	12	12	12
Net sales	293.45	342.10	318.54	427.04	270.60
Change in finished goods inventory			264.13
Other operating income			14.62	0.25	1.88
Purchases during the financial year					- 300.07
Costs of manufacturing		- 253.55
External services			-31.43	-32.65
Gross profit	78.49	88.55	37.60	0.45	-49.97
Costs of management		-25.55
Costs of distribution		-57.15
Employee benefit expenses			-26.02	-33.34	-36.36
Other operating expenses	- 272.29	-10.33	- 535.69	- 405.44	-22.88
Total depreciation	-8.04		-8.37	-11.33	-9.42
EBIT	13.12	-4.48	-4.22	-55.47	-96.25
Other financial income	3.63	4.61	12.11	123.25	18.31
Other financial expenses	-8.42	- 184.40	-11.97	-14.63	-8.59
Pre-tax profit	8.33	- 184.26	-4.07	53.15	-86.53
Income taxes	-1.83	-4.05	1.84	13.69	23.09
Net earnings	6.50	- 188.32	-2.23	66.83	-63.44

	2016	2017	2018	2019	2020
Intangible rights	14.49	14.26	16.28	23.41	23.75
Intangible assets total	14.49	14.26	16.28	23.41	23.75
Buildings	11.03	10.28		4.37	4.38
Machinery and equipment	3.27	3.02	2.47	3.69	2.04
Other tangible assets			3.56	10.35	16.18
Tangible assets total	14.29	13.30	6.04	18.41	22.60
Holdings in group member companies	132.81	56.06	121.49	125.89	125.89
Other non-current investments				-0.00
Investments total	132.81	56.06	121.49	125.89	125.89
Non-curr. owed by particip. interest comp.	105.88
Deferred tax assets	14.21	1.49	3.56	14.80	34.33
Long term receivables total	120.09	1.49	3.56	14.80	34.33
Inventories total	31.98	37.52	36.18	40.77	38.10
Current trade debtors	87.11	48.46	46.94	60.38	30.67
Current amounts owed by group member comp.		17.68	30.01
Current owed by particip. interest comp.	22.71			41.10
Prepayments and accrued income	1.84	1.26	1.00	2.03	48.72
Current other receivables	45.67	19.51	58.58	63.77	41.27
Current deferred tax assets		7.31
Fair value of financial assets					0.57
Short term receivables total	157.33	94.22	136.52	167.28	121.23
Current other shares and ownership	0.57	0.57	0.57	0.57
Cash and bank deposits	7.85	1.06	20.98	15.34	2.21
Cash and cash equivalents	8.42	1.63	21.55	15.91	2.21
Balance sheet total (assets)	479.40	218.48	341.61	406.48	368.11

	2016	2017	2018	2019	2020
Share capital	9.92	9.92	9.92	9.92	9.92
Shares repurchased	-20.23	-8.73	-8.73	-8.73	-8.73
Other reserves	17.76	9.76	20.65	15.02	16.29
Retained earnings	135.55	132.43	25.40	28.48	95.01
Profit of the financial year	6.50	- 188.32	-2.23	66.83	-63.44
Shareholders equity total	149.50	-44.93	45.01	111.53	49.06
Non-current leasing loans			2.02	7.95	11.50
Non-current other liabilities	12.76	12.13
Non-current liabilities total	12.76	12.13	2.02	7.95	11.50
Current loans from credit institutions		0.00	2.86		13.77
Advances received	84.45	7.01	48.36		40.69
Current trade creditors	36.01	28.22	55.53	58.08	38.18
Current owed to group member		183.40	159.03	158.27
Short-term deferred tax liabilities	-0.10
Other non-interest bearing current liabilities	193.54	28.30	27.08	40.97	210.68
Current provisions	3.25	4.35	1.74	2.20	2.64
Accruals and deferred income				27.47	1.59
Current liabilities total	317.14	251.28	294.60	287.00	307.55
Balance sheet total (liabilities)	479.40	218.48	341.63	406.48	368.11

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