MORS LARSEN A/S — Credit Rating and Financial Key Figures

CVR number: 27967019

Lindevangsvej 4, 8240 Risskov

tel: 24882566

Income statement (kDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales
Gross profit	1 192.42	161.79	564.58	2 054.34	- 891.63
Employee benefit expenses	- 955.31	-1 479.93	-1 539.62	-1 487.71	-1 536.67
Other operating expenses			- 317.89
Total depreciation	- 525.70	- 304.01	- 260.69		-14.16
Reduction in value of non-current assets				699.00	407.50
EBIT	- 288.59	-1 622.15	-1 553.62	1 265.63	-2 034.97
Other financial income	389.23	891.97	667.92	1 710.64	7 791.25
Other financial expenses	- 768.82	- 497.34	-2 224.88	-4 404.27	-2 377.38
Income from other inv. held as non-curr. assets	4 654.73	11 686.86	8 055.08	1 725.00	600.00
Net income from associates (fin.)	5 694.70	8 318.50	21 155.32	-16 850.47	7 388.84
Pre-tax profit	9 681.25	18 777.84	26 099.81	-16 553.46	11 367.74
Income taxes	- 122.59	- 310.25	-34.00
Net earnings	9 558.65	18 467.59	26 065.82	-16 553.46	11 367.74

	2020	2021	2022	2023	2024
Intangible assets total
Land and waters	10 562.41	9 483.81	6 214.33
Buildings				8 280.09	10 000.09
Machinery and equipment	709.41	755.05	672.55	623.04	608.88
Advance payments and construction in progress		1 962.61
Tangible assets total	11 271.82	12 201.47	6 886.88	8 903.13	10 608.97
Holdings in group member companies		978.98	1 784.03	1 116.98	1 626.45
Participating interests	32 281.65	35 247.00	21 604.10	6 565.39	7 184.37
Investments total	32 281.65	36 225.97	23 388.13	7 682.37	8 810.82
Non-curr. owed by particip. interest comp.					53 885.85
Non-current loans receivable	16 528.81	6 653.31	5 192.54	3 346.25	1 330.31
Long term receivables total	16 528.81	6 653.31	5 192.54	3 346.25	55 216.16
Finished products/goods	419.38	372.31	372.31	372.31	150.00
Inventories total	419.38	372.31	372.31	372.31	150.00
Current trade debtors	80.00		102.71
Current amounts owed by group member comp.		5 208.82	9 394.87	9 221.48	7 285.01
Current owed by particip. interest comp.	8 319.71	1 592.63	12 410.38	11 795.76	788.19
Prepayments and accrued income	100.18	88.82	17.60
Current other receivables	5 919.62	2 382.52	2 087.81	2 441.78	2 535.23
Current deferred tax assets	510.73	336.24	52.96	0.57	2.32
Short term receivables total	14 930.24	9 609.03	24 066.33	23 459.59	10 610.75
Other current investments	37.37	7 506.27	14 557.91	67.05	75.68
Cash and bank deposits	0.37	6 371.25	18 835.83	26 426.17	31.31
Cash and cash equivalents	37.74	13 877.52	33 393.74	26 493.22	106.99
Balance sheet total (assets)	75 469.64	78 939.62	93 299.93	70 256.88	85 503.69

	2020	2021	2022	2023	2024
Share capital	125.00	125.00	125.00	400.00	400.00
Shares repurchased	10 000.00	7 000.00	9 000.00	5 500.00	5 000.00
Other reserves	32 078.07	34 641.20	19 843.99	3 463.23	4 619.53
Retained earnings	10 640.36	10 635.88	34 900.68	72 889.50	50 179.74
Profit of the financial year	9 558.65	18 467.59	26 065.82	-16 553.46	11 367.74
Shareholders equity total	62 402.08	70 869.67	89 935.48	65 699.27	71 567.01
Non-current loans from credit institutions	6 954.38	4 896.05	2 691.58	2 685.64	2 707.49
Non-current liabilities total	6 954.38	4 896.05	2 691.58	2 685.64	2 707.49
Current loans from credit institutions	5 830.62	214.79	136.00	136.00	10 865.36
Advances received		44.32
Current trade creditors		106.15	137.00	123.84	141.57
Current owed to participating		163.52	187.39	173.93	26.31
Current owed to group member		2 489.07			32.86
Other non-interest bearing current liabilities	282.56	156.05	212.48	1 438.20	163.07
Current liabilities total	6 113.18	3 173.89	672.87	1 871.97	11 229.18
Balance sheet total (liabilities)	75 469.64	78 939.62	93 299.93	70 256.88	85 503.69

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