K. NISSEN INTERNATIONAL A/S — Credit Rating and Financial Key Figures

CVR number: 70606917

Ormhøjgårdvej 9, 8700 Horsens

Income statement (mDKK)

	2017	2018	2019	2020	2021
Fiscal period length	12	12	12	12	12
Net sales	1 675.67	1 982.86	1 943.20	2 438.81	1 584.30
Other operating income	9.49	8.14	10.66	47.38	10.35
Costs of manufacturing	- 859.44	-1 043.33	-1 072.02	-1 420.52	- 994.46
External services	- 253.18	- 314.83	- 289.99	- 321.74	- 266.69
Gross profit	572.54	632.84	591.86	743.94	333.51
Employee benefit expenses	- 375.33	- 393.03	- 409.83	- 429.53	- 197.11
Total depreciation	-28.13	-30.06	-29.16	-37.95	-15.42
EBIT	169.08	209.76	152.87	276.45	120.97
Other financial income		1.20	6.47	5.40	1.66
Other financial expenses	-47.76	-5.78	-16.09	-18.32	-13.87
Income from other inv. held as non-curr. assets			-0.01
Pre-tax profit	121.32	205.17	143.25	263.54	63.21
Income taxes	-28.65	-48.23	-34.13	-56.90	22.78
Profit/loss from discontinued operations					747.68
Net earnings	92.67	156.95	109.12	206.64	833.66

	2017	2018	2019	2020	2021
Development expenditure	1.25	2.67	15.02	27.34	6.62
Intangible rights	3.70	3.35	9.08	28.36	24.23
Intangible assets total	4.95	6.02	24.10	55.71	30.85
Land and waters	154.59	144.66	136.52	126.89	50.70
Buildings	65.39	62.40	79.94	81.58	15.66
Machinery and equipment	5.25	7.11	9.58	11.90	3.91
Advance payments and construction in progress	2.94	9.46	17.71	42.93	5.63
Tangible assets total	228.17	223.63	243.74	263.29	75.90
Participating interests	0.02	0.01
Investments total	1.50	1.58	1.75	4.13	3.32
Non-current loans receivable			0.01	1.43	2.18
Long term receivables total			0.01	1.43	2.18
Semifinished products	105.25	108.23	137.19	143.84	18.68
Raw materials and consumables	88.93	94.04	102.39	143.36	42.07
Finished products/goods	247.37	320.19	318.21	358.92	465.24
Advance payments	13.60	11.79	3.73	14.81	30.43
Inventories total	455.16	534.25	561.52	660.93	556.42
Current trade debtors	306.03	388.58	366.02	574.93	272.64
Current amounts owed by group member comp.	32.52
Prepayments and accrued income	4.96	5.37	9.20	9.44	9.59
Current other receivables	28.04	42.04	33.81	50.37	32.55
Current deferred tax assets	5.38	6.25	1.68	10.61	6.11
Short term receivables total	376.92	442.24	410.71	645.34	320.89
Other current investments	0.00
Cash and bank deposits	60.80	178.16	194.56	160.09
Cash and cash equivalents	60.80	178.16	194.56	160.09
Balance sheet total (assets)	1 127.50	1 385.89	1 436.38	1 790.92	989.55

	2017	2018	2019	2020	2021
Share capital	0.70	0.70	0.70	0.70	0.70
Shares repurchased	50.00	100.00
Other reserves				-3.13	13.14
Retained earnings	441.89	409.18	562.99	602.15	- 501.20
Profit of the financial year	92.67	156.95	109.12	206.64	833.66
Shareholders equity total	585.26	666.82	672.80	806.37	346.30
Provisions	15.68	15.31	19.28	28.81	14.15
Non-current loans from credit institutions	162.70	163.03	162.91	162.96	108.97
Non-current leasing loans			0.58	1.02
Non-current accruals and deferred income			0.79	1.25
Non-current other liabilities			15.80	23.40	8.66
Non-current liabilities total	162.70	163.03	180.08	188.64	117.63
Current loans from credit institutions			0.01	0.08	54.34
Advances received		45.09	0.47	3.50	0.78
Current trade creditors	210.49	303.03	325.93	509.84	364.61
Current owed to group member		21.99	80.76	102.76	16.77
Short-term deferred tax liabilities	25.96	35.66	12.19	25.35	8.67
Other non-interest bearing current liabilities	121.24	134.96	144.64	125.12	64.92
Accruals and deferred income	6.17		0.21	0.45	1.38
Current liabilities total	363.86	540.73	564.21	767.11	511.47
Balance sheet total (liabilities)	1 127.50	1 385.89	1 436.38	1 790.92	989.55

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