Maskinhandler Indkøbsringen Holding A/S — Credit Rating and Financial Key Figures

CVR number: 38672452

Friis Hansens Vej 5, 7100 Vejle

Income statement (mDKK)

	2017	2018	2019	2020
Fiscal period length	12	12	12	12
Net sales	270.92	355.93	329.97	326.05
Other operating income				0.05
Costs of manufacturing	- 236.62	- 308.79	- 285.93	- 277.39
External services	-7.25	-10.42	-9.17	-8.80
Gross profit	27.06	36.71	34.88	39.91
Employee benefit expenses	-21.40	-29.00	-25.85	-25.57
Other operating expenses				-0.94
Total depreciation	-1.46	-2.23	-2.29	-2.59
EBIT	4.19	5.49	6.74	10.81
Other financial income	0.82	0.44	0.64	1.84
Other financial expenses	-3.92	-5.33	-6.43	-5.31
Net income from associates (fin.)				-3.38
Pre-tax profit	1.09	0.60	0.95	3.97
Income taxes	0.09	-0.40	-0.30	-1.69
Net earnings	1.19	0.20	0.65	2.28

	2017	2018	2019	2020
Development expenditure	0.63	1.26	0.69
Intangible assets total	0.63	1.26	0.69
Land and waters	44.42	43.64	43.56	42.76
Machinery and equipment	2.50	3.28	3.24	1.96
Tangible assets total	46.92	46.92	46.80	44.72
Participating interests				7.10
Investments total				7.10
Non-current loans receivable		3.15	3.15
Long term receivables total		3.15	3.15
Finished products/goods	85.96	88.81	83.52	57.01
Advance payments	13.93	13.76	13.24	17.33
Inventories total	99.90	102.58	96.77	74.34
Current trade debtors	63.51	52.11	60.82	53.98
Current owed by particip. interest comp.				1.11
Prepayments and accrued income	0.17	0.15	0.30	0.40
Current other receivables	4.13	2.77	4.17	2.86
Current deferred tax assets	0.11
Short term receivables total	67.92	55.03	65.29	58.35
Cash and bank deposits	7.56	3.00	0.94	0.24
Cash and cash equivalents	7.56	3.00	0.94	0.24
Balance sheet total (assets)	222.92	211.93	213.63	184.75

	2017	2018	2019	2020
Share capital	0.50	0.50	0.50	0.50
Shares repurchased	7.43
Other reserves				0.27
Retained earnings	38.39	35.91	35.78	36.43
Profit of the financial year	1.19	0.20	0.65	2.28
Shareholders equity total	47.51	36.61	36.93	39.48
Provisions	5.56	5.97	6.33	5.99
Non-current loans from credit institutions	16.37	24.90	23.18	21.47
Non-current leasing loans	1.37	1.68	1.67	0.92
Non-current deferred tax liabilities			0.88	2.58
Non-current liabilities total	17.75	26.58	25.74	24.97
Current loans from credit institutions	93.58	100.51	103.26	71.59
Current trade creditors	35.34	29.94	24.83	25.26
Current owed to group member	3.34
Short-term deferred tax liabilities				2.11
Other non-interest bearing current liabilities	19.85	12.31	16.55	15.35
Current liabilities total	152.11	142.77	144.63	114.31
Balance sheet total (liabilities)	222.92	211.93	213.63	184.75

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