NORAD A/S — Credit Rating and Financial Key Figures

CVR number: 36438916

Ved Skoven 35, 8541 Skødstrup

www@norad.dk

tel: 98909988

Income statement (kDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales
Gross profit	10 908.96	6 683.85	16 734.39	21 439.29	22 694.55
Employee benefit expenses	-7 251.33	-4 514.51	-6 847.86	-8 863.17	-11 825.66
Other operating expenses					-14.34
Total depreciation	- 103.66	-2.36	- 101.31	- 256.72	- 270.45
EBIT	3 553.97	2 166.97	9 785.21	12 319.40	10 584.10
Other financial income	1 206.29	300.85	844.34	893.20	1 801.60
Other financial expenses	-40.02	- 410.95	-91.30	- 968.96	- 416.02
Net income from associates (fin.)	1 581.14	1 194.73	2 466.12	723.00	1 373.57
Pre-tax profit	6 301.39	3 251.60	13 004.38	12 966.64	13 343.25
Income taxes	-1 063.73	- 482.03	-2 323.52	-2 734.22	-2 688.72
Net earnings	5 237.66	2 769.57	10 680.85	10 232.42	10 654.52

	2020	2021	2022	2023	2024
Intangible assets total
Buildings		213.75	170.53	153.11	147.68
Machinery and equipment			658.01	896.26	597.15
Tangible assets total		213.75	828.54	1 049.38	744.83
Holdings in group member companies	882.49	2 076.88
Participating interests			3 425.85	3 040.16	2 551.62
Investments total	990.57	2 184.97	3 425.85	3 040.16	2 551.62
Long term receivables total
Finished products/goods	443.80	297.60	2 220.44	381.87	1 545.53
Advance payments		11 207.59			3 123.91
Inventories total	443.80	11 505.19	2 220.44	381.87	4 669.44
Current trade debtors	9 463.62	4 390.69	28 252.75	52 209.08	14 253.48
Current amounts owed by group member comp.	10 087.03	11 355.84	18 407.10	22 509.21	38 642.02
Current owed by particip. interest comp.			1 849.28
Prepayments and accrued income	179.77	92.10	31.01	142.25	261.00
Current other receivables				5 327.24	24.56
Current deferred tax assets	21.00	2.20
Short term receivables total	19 751.43	15 840.84	48 540.13	80 187.78	53 181.06
Cash and bank deposits	3 966.08	608.41	570.51	27 054.67	9 446.94
Cash and cash equivalents	3 966.08	608.41	570.51	27 054.67	9 446.94
Balance sheet total (assets)	25 151.88	30 353.16	55 585.47	111 713.85	70 593.90

	2020	2021	2022	2023	2024
Share capital	500.00	500.00	500.00	500.00	500.00
Shares repurchased				9 000.00	18 000.00
Other reserves	873.15	2 067.59	3 416.56	-5 969.18	2 542.29
Retained earnings	4 922.05	6 964.94	8 382.18	10 455.97	3 174.64
Profit of the financial year	5 237.66	2 769.57	10 680.85	10 232.42	10 654.52
Shareholders equity total	11 532.86	12 302.10	22 979.59	24 219.21	34 871.46
Provisions			30.00	9 444.40	8 931.50
Non-current other liabilities	446.51	403.29
Non-current deferred tax liabilities			411.76	411.76
Non-current liabilities total	446.51	403.29	411.76	411.76
Current loans from credit institutions			2 369.92	18.89	288.93
Advances received		11 183.82	3 090.15
Current trade creditors	6 672.18	3 340.98	15 202.86	49 624.41	7 622.22
Current owed to group member	132.70	187.78
Short-term deferred tax liabilities	1 079.63	463.23	2 291.32	2 719.82	2 701.62
Other non-interest bearing current liabilities	4 492.41	2 471.96	9 209.86	25 275.37	9 116.34
Accruals and deferred income	795.60				7 061.83
Current liabilities total	13 172.50	17 647.77	32 164.12	77 638.48	26 790.94
Balance sheet total (liabilities)	25 151.88	30 353.16	55 585.47	111 713.85	70 593.90

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