BACH & WESTERGREEN INVEST ApS — Credit Rating and Financial Key Figures

CVR number: 33266006

Rho 1, Søften 8382 Hinnerup

adm@hph-totalbyg.dk

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales		399.50	568.68	496.83	487.71
Manufacturing for enterprise's own use				-14.39	-17.97
Other operating income		0.06	1.18	1.37	1.57
Purchases during the financial year		- 169.17	- 207.60	- 380.70	- 373.07
External services		- 123.02	- 259.96	-38.70	-32.19
Rents				-1.68	-1.38
Gross profit	60.20	107.38	102.30	91.50	100.60
Employee benefit expenses	-46.39	-54.89	-61.89	-69.51	-79.50
Other operating expenses	-0.11	-0.01		-0.01
Total depreciation	-4.44	-5.48	-6.61	-7.39	-7.58
Reduction in value of non-current assets	-8.01	-0.51	-3.13	-0.49	7.01
EBIT	17.26	47.51	36.92	14.11	20.53
Other financial income	0.24	0.65	0.11	0.16	0.39
Other financial expenses	-0.97	-1.58	-1.55	-1.92	-3.08
Reduction non-current investment assets				-2.31
Net income from associates (fin.)					-0.01
Pre-tax profit	16.53	46.58	35.48	10.04	17.83
Income taxes	-3.56	-10.29	-7.91	-2.77	-4.02
Net earnings	12.97	36.30	27.57	7.27	13.81

	2019	2020	2021	2022	2023
Goodwill	0.20	0.16	0.11	0.07	0.02
Intangible assets total	0.20	0.16	0.11	0.07	0.02
Land and waters	11.67	30.40	29.91	30.05	30.78
Buildings	82.07	77.65	91.47	109.37	141.03
Machinery and equipment	19.19	24.18	34.31	32.22	30.09
Advance payments and construction in progress	1.31				0.36
Tangible assets total	114.24	132.22	155.69	171.63	202.25
Participating interests				0.02
Investments total				0.02
Non-curr. owed by particip. interest comp.					0.55
Non-current loans receivable	0.10	0.10	0.10	0.10	0.10
Non-current other receivables					0.17
Long term receivables total	0.10	0.10	0.10	0.10	0.82
Raw materials and consumables	0.18	0.11	0.09	0.05	0.06
Inventories total	0.18	0.11	0.09	0.05	0.06
Current trade debtors	46.20	52.85	29.51	43.45	39.02
Current owed by particip. interest comp.				0.10
Prepayments and accrued income	1.13	1.28	0.78	1.44	0.95
Current other receivables	13.63	36.56	62.56	28.20	58.38
Current deferred tax assets	0.27
Short term receivables total	61.24	90.68	92.85	73.19	98.35
Cash and bank deposits	12.89	9.79	13.03	14.04	6.80
Cash and cash equivalents	12.89	9.79	13.03	14.04	6.80
Balance sheet total (assets)	188.85	233.07	261.87	259.10	308.30

	2019	2020	2021	2022	2023
Share capital	0.08	0.08	0.08	0.08	0.08
Asset revaluation reserve	2.01	5.69	5.64	5.98	6.16
Shares repurchased		15.00	2.00
Retained earnings	40.95	37.51	70.98	97.79	104.78
Profit of the financial year	12.97	36.30	27.57	7.27	13.81
Minority interest (BS)	0.87	2.07	2.65	2.40	2.59
Shareholders equity total	56.88	96.65	108.92	113.52	127.43
Provisions	10.54	20.17	23.28	18.14	18.39
Non-current loans from credit institutions	45.26	45.26	42.43	50.26	67.69
Non-current leasing loans	0.29	1.01	1.18	0.31	0.34
Non-current owed to group member	1.86		8.03		2.01
Non-current other liabilities	7.48	3.43	3.31	2.87	3.31
Non-current deferred tax liabilities					0.12
Non-current liabilities total	54.89	49.70	54.95	53.45	73.47
Current loans from credit institutions	3.36	9.98	8.25	6.54	12.44
Advances received	25.50	17.85	15.09	18.56	5.33
Current trade creditors	21.59	25.42	38.10	30.58	59.42
Current owed to participating					0.61
Short-term deferred tax liabilities		2.43	4.64	6.97	3.23
Other non-interest bearing current liabilities	16.08	10.87	8.65	11.34	7.98
Accruals and deferred income	0.01	0.01
Current liabilities total	66.54	66.56	74.72	73.99	89.02
Balance sheet total (liabilities)	188.85	233.07	261.87	259.10	308.30

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