CLOUDTEL HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 35523561

Roskildevej 22, 2620 Albertslund

invoice@firstcomeurope.dk

tel: 48777851

Income statement (mDKK)

	2015	2016	2017
Fiscal period length	12	12	12
Net sales	64.10	53.04	47.23
Manufacturing for enterprise's own use		3.58	0.04
Other operating income	0.02	1.18	0.01
Purchases during the financial year	-17.95	-16.49	-14.45
External services	-12.56	-9.80	-8.27
Gross profit	33.59	31.52	24.56
Employee benefit expenses	-31.23	-33.85	-29.15
Total depreciation	-6.00	-6.69	-3.45
EBIT	-3.65	-9.02	-8.04
Other financial income	0.75	0.61	0.68
Other financial expenses	-0.79	-1.99	-2.19
Net income from associates (fin.)	0.21	-0.32	-0.15
Pre-tax profit	-3.47	-10.72	-9.70
Income taxes	0.20	1.69	1.26
Net earnings	-3.27	-9.03	-8.44

	2015	2016	2017
Development expenditure	4.30		0.03
Goodwill	19.32	16.25	19.22
Intangible assets total	23.63	16.25	19.26
Land and waters		0.02	0.01
Machinery and equipment	1.77	3.93	4.66
Tangible assets total	1.77	3.96	4.67
Participating interests	5.01	2.78	2.63
Investments total	5.01	2.78	2.63
Non-current other receivables	7.65	4.57	3.50
Long term receivables total	7.65	4.57	3.50
Raw materials and consumables	0.26	0.25	0.16
Finished products/goods	5.52	4.82	4.62
Inventories total	5.78	5.08	4.77
Current trade debtors	11.93	10.66	8.33
Current amounts owed by group member comp.		4.28	4.39
Prepayments and accrued income	1.05	1.41	1.90
Current other receivables	0.52	0.90	0.59
Current deferred tax assets		0.51	1.77
Short term receivables total	13.50	17.76	16.97
Cash and bank deposits	1.28	2.03	1.82
Cash and cash equivalents	1.28	2.03	1.82
Balance sheet total (assets)	58.61	52.42	53.62

	2015	2016	2017
Share capital	0.60	0.60	0.60
Share premium account	7.73	7.73	7.73
Retained earnings	-2.55	-4.66	-12.31
Profit of the financial year	-3.27	-9.03	-8.44
Minority interest (BS)	2.70	1.54
Shareholders equity total	5.21	-3.82	-12.41
Provisions	0.47
Non-current leasing loans		1.98	2.71
Non-current liabilities total		1.98	2.71
Current loans from credit institutions	0.07	0.45	0.60
Current trade creditors	6.63	8.77	5.50
Current owed to participating	0.87
Current owed to group member	31.36	31.92	45.78
Other non-interest bearing current liabilities	10.13	9.99	8.78
Accruals and deferred income	3.86	3.13	2.66
Current liabilities total	52.93	54.27	63.32
Balance sheet total (liabilities)	58.61	52.42	53.62

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