PANKAS A/S — Credit Rating and Financial Key Figures

CVR number: 20732318

Rundforbivej 34, Trørød 2950 Vedbæk

pankas@pankas.dk

tel: 45650330

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	349.19	358.76	497.55	518.26	587.80
Other operating income	9.96	9.90	10.61	12.63	17.39
Purchases during the financial year	- 169.16	- 194.18	- 286.18	- 267.18	- 306.64
External services	-45.30	-45.79	-54.81	-63.14	-81.59
Gross profit	144.69	128.69	167.17	200.57	216.97
Employee benefit expenses	- 125.57	- 126.70	- 145.59	- 154.07	- 176.06
Total depreciation	-11.96	-14.14	-15.83	-17.02	-18.63
EBIT	7.16	-12.15	5.76	29.48	22.28
Other financial income	0.41	0.13	0.18	0.95	2.13
Other financial expenses	-3.03	-3.08	-4.37	-7.11	-5.81
Net income from associates (fin.)	36.24	26.88	35.35	38.22	36.24
Pre-tax profit	40.78	11.78	36.93	61.54	54.84
Income taxes	-1.73	3.30	-0.86	-5.87	-6.65
Net earnings	39.05	15.08	36.06	55.67	48.19

	2020	2021	2022	2023	2024
Intangible assets total
Land and waters	50.48	50.41	48.86	47.41	45.33
Buildings	66.58	67.89	76.03	74.20	78.49
Machinery and equipment	11.70	15.50	19.46	26.84	21.27
Advance payments and construction in progress	3.28	17.22	9.18	0.01	1.92
Tangible assets total	132.03	151.02	153.53	148.47	147.02
Holdings in group member companies	169.36	181.77	181.59	185.05	298.92
Participating interests	8.18	8.19	9.36	9.97	15.84
Investments total	177.53	189.96	190.96	195.02	314.75
Non-curr. owed by group member comp.			8.05
Deferred tax assets		2.73	1.51
Long term receivables total		2.73	9.57
Raw materials and consumables	8.98
Finished products/goods		8.61	15.60	16.11	12.61
Inventories total	8.98	8.61	15.60	16.11	12.61
Current trade debtors	52.76	48.31	76.94	107.21	130.40
Current amounts owed by group member comp.	5.08	7.22	1.51	16.00	31.49
Prepayments and accrued income	1.01	2.38	1.61	0.03	2.33
Current other receivables	10.49	7.32	2.95	4.53	7.91
Short term receivables total	69.35	65.23	83.02	127.76	172.12
Cash and bank deposits	9.36	0.97	0.23		0.06
Cash and cash equivalents	9.36	0.97	0.23		0.06
Balance sheet total (assets)	397.26	418.51	452.91	487.36	646.55

	2020	2021	2022	2023	2024
Share capital	65.00	65.00	65.00	65.00	65.00
Shares repurchased	15.00	6.00	15.00	52.00	26.00
Other reserves			-7.82	-3.74	-6.11
Retained earnings	129.99	162.99	168.84	152.90	182.57
Profit of the financial year	39.05	15.08	36.06	55.67	48.19
Shareholders equity total	249.03	249.07	277.08	321.83	315.66
Provisions	2.42	0.93	2.30	8.09	9.84
Non-current loans from credit institutions	23.83	17.52	11.28	6.78	129.51
Non-current leasing loans	39.11	35.80	36.49	29.79	31.12
Non-current deferred tax liabilities	10.39
Non-current liabilities total	73.33	53.33	47.77	36.57	160.64
Current loans from credit institutions	13.59	38.61	48.55	37.73	71.01
Advances received					0.39
Current trade creditors	18.40	27.82	26.18	35.95	30.58
Current owed to group member	7.46	22.39	15.10	0.11	2.95
Short-term deferred tax liabilities					4.50
Other non-interest bearing current liabilities	29.29	26.37	32.05	35.82	29.77
Accruals and deferred income	3.73		3.87	11.26	21.23
Current liabilities total	72.48	115.19	125.75	120.87	160.42
Balance sheet total (liabilities)	397.26	418.51	452.91	487.36	646.55

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