DANSK SKOVFORENING — Credit Rating and Financial Key Figures

CVR number: 59198513

Rådhuspladsen 16, 1550 København V

info@danskskovforening.dk

tel: 33240242

www.danskskovforening.dk

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales		567.52	776.65	871.90	582.32
Other operating income		0.44		0.71	0.87
Purchases during the financial year		- 249.18		- 747.76	- 512.81
External services		-89.45		-84.76	-50.26
Gross profit	74.27	47.13	58.32	40.09	20.12
Employee benefit expenses	-28.83	-21.48		-30.79	-38.06
Total depreciation	-0.86	-0.32		-0.84	-0.77
EBIT	44.58	20.83	24.67	8.47	-18.71
Other financial income	0.68	1.08		2.15	2.76
Other financial expenses	-3.39	-0.99		-6.13	-5.62
Net income from associates (fin.)				-0.01	-0.00
Pre-tax profit	41.88	20.06	13.40	4.47	-21.57
Income taxes	-6.92	-6.55		-2.65	-0.16
Net earnings	34.96	13.51	13.40	1.82	-21.73

	2019	2020	2021	2022	2023
Intangible rights	0.00
Intangible assets total	0.00
Land and waters	13.11	12.93		12.80	12.57
Machinery and equipment	0.77	1.43		1.74	1.09
Tangible assets total	13.88	14.36		14.54	13.66
Investments total	0.15	-11.80	249.72	0.12	0.31
Non-current other receivables		4.17		0.42	0.38
Long term receivables total		4.17		0.42	0.38
Finished products/goods	19.93	58.68		88.12	43.56
Inventories total	19.93	58.68		88.12	43.56
Current trade debtors	49.71	73.41		95.98	57.85
Prepayments and accrued income	0.51	0.33		0.58	0.28
Current other receivables	4.93	16.53		20.26	8.94
Current deferred tax assets	0.14	0.40		0.40	0.42
Short term receivables total	55.30	90.68		117.22	67.49
Other current investments		23.70		23.07	24.84
Cash and bank deposits	33.13	8.53		9.69	22.22
Cash and cash equivalents	33.13	32.23		32.75	47.06
Balance sheet total (assets)	122.38	188.33	249.72	253.16	172.46

	2019	2020	2021	2022	2023
Share capital			99.83
Other reserves		-14.39		-0.46	-0.47
Other restricted equity		-0.37
Retained earnings	24.06	73.18	-13.40	100.09	101.91
Profit of the financial year	34.96	13.51	13.40	1.82	-21.73
Shareholders equity total	59.02	71.93	99.83	101.45	79.71
Provisions		0.04
Non-current loans from credit institutions		2.53		0.28
Non-current leasing loans		0.27
Non-current other liabilities	0.59	2.69
Non-current deferred tax liabilities				1.15	0.83
Non-current liabilities total	0.59	5.49		1.43	0.83
Current loans from credit institutions	13.35	15.92		81.94	16.01
Advances received	1.24	2.90		2.74	8.10
Current trade creditors	34.24	53.80		51.21	55.50
Short-term deferred tax liabilities	6.63	18.11		4.94	3.82
Other non-interest bearing current liabilities	7.10	14.82		9.15	8.19
Accruals and deferred income	0.22	2.87		0.30	0.29
Current liabilities total	62.77	108.41		150.28	91.92
Balance sheet total (liabilities)	122.38	185.88	99.83	253.16	172.46

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