ADSERBI A/S — Credit Rating and Financial Key Figures

CVR number: 87802310

Dybensøvej 10, 2830 Virum

tel: 35436611

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	493.30	547.21	725.41	686.71	651.09
Other operating income	5.63	6.79	4.30	2.81
Purchases during the financial year	- 423.80	- 466.26	- 609.72	- 584.02	- 539.33
External services	-17.83	-15.46	-21.74	-31.87	-41.93
Rents				-0.44	-0.06
Gross profit	57.30	72.27	98.26	73.18	69.77
Employee benefit expenses	-33.93	-43.76	-60.15	-46.91	-42.42
Other operating expenses				-0.03	-0.02
Total depreciation	-5.46	-6.16	-6.69	-7.66	-7.80
EBIT	17.91	22.35	31.41	18.57	19.53
Other financial income	2.99	18.08	7.90	4.07	14.87
Other financial expenses	-9.84	-1.17	-7.67	-3.88	-4.10
Pre-tax profit	11.06	39.26	31.65	18.76	30.29
Income taxes	-3.53	-10.14	-7.47	-4.78	-5.50
Net earnings	7.53	29.12	24.18	13.98	24.79

	2019	2020	2021	2022	2023
Development expenditure	0.11	0.10	0.04	0.03	0.03
Intangible rights	1.77	2.13	2.13	1.75	2.38
Goodwill	13.20	13.12	10.47	5.65	1.49
Intangible assets total	15.08	15.35	12.64	7.43	3.90
Land and waters	19.93	19.73	19.25	18.77	18.29
Machinery and equipment	4.64	4.57	5.53	8.72	9.39
Advance payments and construction in progress		0.49	1.17
Other tangible assets	0.30
Tangible assets total	24.87	24.78	25.95	27.49	27.68
Investments total	0.23	0.23	0.23	0.23	0.32
Non-current loans receivable		1.48	1.84	1.86	1.86
Non-current other receivables	0.42	0.42	0.42	0.48	0.48
Long term receivables total	0.42	1.90	2.27	2.35	2.35
Semifinished products	0.95
Raw materials and consumables	121.48	117.33	168.02	187.32	154.18
Finished products/goods		4.26	4.58	4.13	5.16
Advance payments					4.11
Inventories total	122.43	121.59	172.61	191.45	163.46
Current trade debtors	107.27	115.07	149.40	125.18	118.76
Prepayments and accrued income	1.34	1.72	1.37	6.43	2.92
Current other receivables	7.56	5.09	17.92	21.64	7.73
Current deferred tax assets					0.58
Short term receivables total	116.17	121.88	168.69	153.25	129.99
Other current investments	123.26	138.79	134.17	130.28	120.47
Cash and bank deposits	33.80	53.50	90.43	137.79	66.33
Cash and cash equivalents	157.06	192.30	224.60	268.07	186.80
Balance sheet total (assets)	436.25	478.03	606.98	650.26	514.50

	2019	2020	2021	2022	2023
Share capital	0.50	0.50	0.50	0.50	0.50
Asset revaluation reserve			5.28	5.24	5.24
Shares repurchased	1.00	3.00	4.00	3.00	10.00
Other reserves				0.04	-0.01
Retained earnings	290.29	291.32	305.99	324.30	325.58
Profit of the financial year	7.53	29.12	24.18	13.98	24.79
Minority interest (BS)	22.91	26.37	31.14	33.91	36.62
Shareholders equity total	322.23	350.31	371.08	380.98	402.71
Provisions	1.92	1.89	1.58	1.52	1.57
Non-current other liabilities	10.08		5.00
Non-current liabilities total	10.08		5.00
Current loans from credit institutions	26.58	23.16	128.79	172.15	21.69
Advances received	1.01	0.45		3.45	0.01
Current trade creditors	35.13	60.51	50.43	58.20	50.76
Short-term deferred tax liabilities		8.89	8.96	4.87	4.70
Other non-interest bearing current liabilities	39.29	32.82	41.14	29.09	31.11
Accruals and deferred income					1.94
Current liabilities total	102.02	125.83	229.31	267.75	110.21
Balance sheet total (liabilities)	436.25	478.03	606.98	650.26	514.50

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