Audio Distribution Group ApS — Credit Rating and Financial Key Figures

CVR number: 37193003

Nordlandsvej 90 C, 8240 Risskov

info@audiodistributiongroup.com

tel: 31160496

www.audiodistributiongroup.com

Income statement (kEUR)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales
Gross profit	1 223.65	1 164.47	803.36	517.67	571.71
Employee benefit expenses	- 347.06	- 490.70	- 492.34	- 443.97	- 536.13
Total depreciation	-16.39	-5.23	-4.44	-5.23	-11.92
EBIT	860.21	668.53	306.58	68.47	23.66
Other financial income		26.84	1.35	3.41	3.34
Other financial expenses	-27.06	-20.57	-51.25	-46.29	-78.10
Reduction non-current investment assets					-15.00
Net income from associates (fin.)		-0.88	-3.19	3.70	0.22
Pre-tax profit	833.14	673.93	253.49	29.29	-65.89
Income taxes	- 183.95	- 157.18	-38.43	3.10	18.61
Net earnings	649.20	516.75	215.07	32.38	-47.28

	2020	2021	2022	2023	2024
Development expenditure		91.04	379.37	941.34	1 322.68
Intangible assets total		91.04	379.37	941.34	1 322.68
Buildings	0.45
Machinery and equipment	12.28	11.68	9.18	4.75	2.32
Tangible assets total	12.74	11.68	9.18	4.75	2.32
Holdings in group member companies		4.50	1.31	5.00	5.22
Participating interests	15.00	15.00	15.00	15.00
Investments total	15.00	19.50	25.99	30.68	15.90
Long term receivables total
Raw materials and consumables	386.46	543.43			138.98
Finished products/goods			647.50	523.41	439.92
Advance payments					50.36
Inventories total	386.46	543.43	647.50	523.41	629.27
Current trade debtors	690.85	438.40	287.42	251.68	292.04
Current amounts owed by group member comp.		9.41	45.20	50.43	32.34
Prepayments and accrued income	11.58	4.24	2.90	13.74	33.04
Current other receivables	10.05	55.84	17.25	44.93	9.65
Current deferred tax assets	1.85		89.22	30.22	35.26
Short term receivables total	714.32	507.89	441.98	391.02	402.33
Cash and bank deposits	1 062.30	633.01	284.29	183.65	118.49
Cash and cash equivalents	1 062.30	633.01	284.29	183.65	118.49
Balance sheet total (assets)	2 190.81	1 806.55	1 788.31	2 074.85	2 491.00

	2020	2021	2022	2023	2024
Share capital	6.70	6.70	6.70	6.70	6.70
Shares repurchased	300.00	300.00	100.00
Other reserves		71.01	295.91	734.25	1 031.69
Retained earnings	-40.59	237.59	429.44	206.17	-58.89
Profit of the financial year	649.20	516.75	215.07	32.38	-47.28
Shareholders equity total	915.31	1 132.05	1 047.12	979.50	932.22
Provisions		19.75	57.44	54.70	37.10
Capital loans	66.95	46.87
Non-current accruals and deferred income					1.87
Non-current other liabilities	27.32	27.32
Non-current deferred tax liabilities			28.22	29.14	30.02
Non-current liabilities total	94.27	74.19	28.22	29.14	31.89
Current loans from credit institutions	1.91	51.61	341.83	777.24	1 315.32
Current trade creditors	325.57	366.48	289.53	203.29	149.06
Short-term deferred tax liabilities	173.78	91.92
Other non-interest bearing current liabilities	679.98	70.55	24.18	30.98	25.40
Current liabilities total	1 181.24	580.56	655.54	1 011.51	1 489.78
Balance sheet total (liabilities)	2 190.81	1 806.55	1 788.31	2 074.85	2 491.00

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