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BANG & OLUFSEN OPERATIONS A/S — Credit Rating and Financial Key Figures

CVR number: 26035406
Bang og Olufsen Allé 1, 7600 Struer
tel: 96841144
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Income statement (mDKK)

2013
2014
2015
2016
Fiscal period length12121212
Net sales2 040.701 957.801 824.701 486.70
Gross profit-9.50- 129.50141.60116.90
Other operating expenses-2 025.90-2 182.90-1 740.30-1 452.50
EBIT14.80- 225.1084.4034.20
Other financial income14.7052.5030.1040.20
Other financial expenses-25.40-23.40-61.70-16.90
Pre-tax profit4.10- 200.9053.00143.20
Income taxes24.2046.80-10.60-12.70
Profit/loss from discontinued operations231.50208.60
Net earnings259.8054.5042.40130.50

Assets (mDKK)

2013
2014
2015
2016
Intangible rights0.500.400.20
Intangible assets total0.500.400.20
Machinery and equipment124.6062.4056.0040.80
Advance payments and construction in progress25.506.8024.90
Other tangible assets4.10
Tangible assets total150.1066.5062.8065.70
Holdings in group member companies595.30567.90560.50560.50
Investments total595.30567.90560.50560.50
Non-current loans receivable16.6016.6016.6016.60
Deferred tax assets66.6050.8073.0083.30
Long term receivables total83.2067.4089.6099.90
Inventories total386.40318.40265.80236.00
Current trade debtors82.8010.0026.9026.30
Current owed by particip. interest comp.1 478.60849.60470.90675.90
Current other receivables44.2015.103.0031.60
Current deferred tax assets4.80
Short term receivables total1 605.60879.50500.80733.80
Cash and bank deposits0.300.300.30
Cash and cash equivalents0.300.300.30
Balance sheet total (assets)2 820.901 900.501 480.201 696.10

Equity and liabilities (mDKK)

2013
2014
2015
2016
Share capital156.00156.00156.00156.00
Other reserves-3.402.40-13.00
Retained earnings502.40762.20816.70859.10
Profit of the financial year259.8054.5042.40130.50
Shareholders equity total918.20969.301 017.501 132.60
Provisions6.305.004.905.40
Non-current liabilities total6.305.004.905.40
Current trade creditors187.60141.0089.50194.00
Current owed to group member1 589.80674.10241.30180.10
Other non-interest bearing current liabilities115.00109.30124.30181.40
Current provisions4.001.802.702.60
Current liabilities total1 896.40926.20457.80558.10
Balance sheet total (liabilities)2 820.901 900.501 480.201 696.10
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