ECOWATT ApS — Credit Rating and Financial Key Figures

CVR number: 31050529

Helga Pedersens Gade 13, 8000 Aarhus C

bente@ecowatt.dk

Income statement (kDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales
Other operating income				49 717.38	8 471.09
Gross profit	8 930.63	4 316.52	5 561.96	1 692.14	5 448.71
Employee benefit expenses	-78.96	-77.85	- 665.17	-5 823.79	- 909.71
Total depreciation	-4 419.07	-4 177.27	-4 114.14	-3 171.28	-1 034.25
EBIT	4 432.60	61.40	782.65	42 414.45	11 975.84
Other financial income	248.55	269.36	254.89	1 393.56	1 625.05
Other financial expenses	- 950.09	- 814.29	- 884.36	-42.65	- 207.61
Income from other inv. held as non-curr. assets		115.57		2 968.86	110.06
Net income from associates (fin.)		697.59	1 038.28	17 928.22	-6 224.51
Pre-tax profit	3 731.06	329.63	1 191.47	64 662.43	7 278.84
Income taxes	- 827.25	-29.24	- 218.98	-12 766.04	-2 988.28
Net earnings	2 903.81	300.39	972.49	51 896.39	4 290.56

	2019	2020	2021	2022	2023
Intangible assets total
Machinery and equipment	15 830.01	15 438.23	14 652.06
Tangible assets total	15 830.01	15 438.23	14 652.06
Holdings in group member companies	7 258.93	6 484.10	5 454.64	39 244.18	24 319.74
Participating interests	2 730.98	3 416.00	3 169.54	10 575.60	5 913.29
Other non-current investments	0.00	0.00
Investments total	9 989.91	9 900.10	8 624.18	49 819.79	30 233.03
Non-current loans receivable	504.34	370.02	106.34	11 986.97	23 980.86
Long term receivables total	504.34	370.02	106.34	11 986.97	23 980.86
Inventories total
Current trade debtors	290.25	342.13	576.95
Current amounts owed by group member comp.	2 452.46			4 972.75	25 977.57
Current owed by particip. interest comp.		3 793.57
Prepayments and accrued income	960.41	579.45	969.01	699.44	731.62
Current other receivables	6 809.56	8 679.32	10 741.20	3 220.62	3 055.69
Current deferred tax assets		104.44	90.94	4 055.90
Short term receivables total	10 512.68	13 498.92	12 378.09	12 948.71	29 764.88
Cash and bank deposits	3 213.66	324.87		5 564.22	12.30
Cash and cash equivalents	3 213.66	324.87		5 564.22	12.30
Balance sheet total (assets)	40 050.60	39 532.13	35 760.67	80 319.68	83 991.07

	2019	2020	2021	2022	2023
Share capital	125.00	125.00	125.00	125.00	125.00
Shares repurchased					20 000.00
Other reserves		450.17	-5 834.28	9 503.58	7 706.48
Retained earnings	5 716.51	8 499.05	7 761.17	1 293.94	34 704.68
Profit of the financial year	2 903.81	300.39	972.49	51 896.39	4 290.56
Shareholders equity total	8 745.32	9 374.61	3 024.38	62 818.91	66 826.72
Provisions	2 765.01	2 898.69	1 143.22	13 905.63	6 361.99
Non-current liabilities total
Current loans from credit institutions			699.55
Current owed to group member	26 908.86	27 177.10	25 013.63	3 192.55
Short-term deferred tax liabilities	826.78				10 452.17
Other non-interest bearing current liabilities	804.63	81.73	5 879.90	402.59	350.19
Current liabilities total	28 540.27	27 258.83	31 593.08	3 595.14	10 802.36
Balance sheet total (liabilities)	40 050.60	39 532.13	35 760.67	80 319.68	83 991.07

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