White Avenue Group A/S — Credit Rating and Financial Key Figures

CVR number: 37628174

Lundagervej 45 B, 8723 Løsning

Income statement (kDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales
Gross profit	5 773.56	6 830.30	6 368.84	5 653.64	5 165.96
Employee benefit expenses	-2 977.08	-3 950.95	-5 278.80	-4 024.89	-3 395.24
Other operating expenses				-63.06
Total depreciation	-16.76	-48.59	-83.10	- 137.53	- 147.77
EBIT	2 779.71	2 830.76	1 006.94	1 428.16	1 622.94
Other financial income	139.52	133.03	128.85	184.89	300.91
Other financial expenses	- 345.28	- 416.10	- 588.30	-1 009.14	- 585.78
Net income from associates (fin.)	- 779.26	- 307.45	- 298.86	- 287.69	- 300.09
Pre-tax profit	1 794.69	2 240.24	248.63	316.23	1 037.98
Income taxes	- 580.47	- 577.11	- 148.61	- 244.09	- 359.52
Net earnings	1 214.22	1 663.13	100.02	72.13	678.46

	2020	2021	2022	2023	2024
Intangible assets total
Land and waters			2 075.33	2 525.39	2 487.04
Buildings		295.61	313.65	295.34	242.94
Machinery and equipment	54.96	35.72	384.42	327.41	270.40
Tangible assets total	54.96	331.32	2 773.40	3 148.14	3 000.37
Investments total	52.39	52.39	52.39	52.39	52.39
Long term receivables total
Finished products/goods	3 620.87	7 603.70	10 028.28	9 505.63	8 434.35
Advance payments	413.77	359.81	107.44	60.22	45.43
Inventories total	4 034.64	7 963.51	10 135.72	9 565.85	8 479.78
Current trade debtors	595.74	941.13	1 058.63	814.11	1 704.22
Current amounts owed by group member comp.	115.89		203.40	176.69	1 362.38
Current owed by particip. interest comp.	1 849.12	4 095.81	3 397.42	3 031.50
Prepayments and accrued income	64.08			177.62
Current other receivables	162.52	367.54	390.54	90.33	18.79
Current deferred tax assets	2.94		13.98	59.02
Short term receivables total	2 790.30	5 404.48	5 063.98	4 349.27	3 085.39
Cash and bank deposits	267.02	382.89	65.94	21.37	11.32
Cash and cash equivalents	267.02	382.89	65.94	21.37	11.32
Balance sheet total (assets)	7 199.31	14 134.59	18 091.43	17 137.02	14 629.25

	2020	2021	2022	2023	2024
Share capital	500.00	500.00	500.00	500.00	500.00
Retained earnings	1 553.46	2 767.68	4 430.81	4 530.82	4 602.96
Profit of the financial year	1 214.22	1 663.13	100.02	72.13	678.46
Shareholders equity total	3 267.68	4 930.81	5 030.82	5 102.96	5 781.42
Provisions		52.98	23.57	124.69	128.68
Non-current other liabilities		1 944.83
Non-current deferred tax liabilities			3 851.40	4 518.55	692.66
Non-current liabilities total		1 944.83	3 851.40	4 518.55	692.66
Current loans from credit institutions	12.44	2 203.06	2 975.41	1 520.88	3 073.57
Advances received	180.88		326.67	359.37
Current trade creditors	162.27	505.69	2 390.85	4 006.10	2 045.40
Current owed to participating	5.89	5.89
Current owed to group member				600.00	600.00
Short-term deferred tax liabilities	538.83	477.19			248.53
Other non-interest bearing current liabilities	3 031.33	4 014.14	3 492.70	904.47	1 621.49
Accruals and deferred income					437.50
Current liabilities total	3 931.63	7 205.98	9 185.63	7 390.82	8 026.49
Balance sheet total (liabilities)	7 199.31	14 134.59	18 091.43	17 137.02	14 629.25

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