STARK KALAALLIT NUNAAT A/S — Credit Rating and Financial Key Figures

CVR number: 73286018

Qeqertanut 7, 3905 Nuussuaq

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	112.09	121.56	130.64	139.80	144.80
Other operating income	0.02	0.20	0.29	0.28	0.26
Purchases during the financial year	-67.52	-76.14	-80.32	-86.89	-95.03
External services	-10.77	-17.84	-15.13	-16.57	-21.58
Gross profit	33.83	27.79	35.48	36.62	28.45
Employee benefit expenses	-11.52	-11.85	-12.65	-12.41	-14.52
Total depreciation	-2.10	-1.96	-1.83	-1.54	-5.55
EBIT	20.22	13.98	21.00	22.66	8.38
Other financial income	1.79	1.93	1.79	0.30	0.29
Other financial expenses	-0.07	-0.08	-0.08	-0.71	-2.99
Pre-tax profit	21.93	15.83	22.72	22.26	5.69
Income taxes	-6.96	-3.79	-6.02	-5.90	-1.35
Net earnings	14.97	12.04	16.70	16.36	4.34

	2019	2020	2021	2022	2023
Intangible assets total
Land and waters	9.77	9.08	8.62	7.48	106.20
Machinery and equipment	1.89	2.20	2.22	2.11	8.03
Advance payments and construction in progress	0.28	2.77	39.23	104.86
Tangible assets total	11.93	14.05	50.06	114.45	114.23
Investments total	1.13	1.09	1.11	1.18	1.21
Non-current loans receivable	0.11	0.10	0.12	0.12	0.12
Long term receivables total	0.11	0.10	0.12	0.12	0.12
Finished products/goods	22.88	23.61	27.57	32.65	37.40
Advance payments	5.24	7.51	7.47	7.12	6.16
Inventories total	28.12	31.12	35.04	39.77	43.56
Current trade debtors	11.15	11.38	12.81	14.40	11.65
Current amounts owed by group member comp.	69.89	59.65	39.03
Prepayments and accrued income	0.68	0.67	0.68	0.70	0.72
Current other receivables	0.02
Short term receivables total	81.74	71.69	52.52	15.10	12.37
Cash and bank deposits	4.33	3.31	2.74	4.17	3.22
Cash and cash equivalents	4.33	3.31	2.74	4.17	3.22
Balance sheet total (assets)	127.35	121.37	141.59	174.78	174.70

	2019	2020	2021	2022	2023
Share capital	1.00	1.00	1.00	1.00	1.00
Shares repurchased	23.20	16.33	23.62	23.72	10.00
Retained earnings	78.37	81.34	76.02	75.28	84.14
Profit of the financial year	14.97	12.04	16.70	16.36	4.34
Shareholders equity total	117.54	110.71	117.34	116.36	99.48
Provisions	2.45	1.91	1.67	1.28	0.13
Non-current liabilities total
Advances received		0.39	9.48	1.06	0.94
Current trade creditors	2.88	3.55	8.68	6.40	1.01
Current owed to group member				45.19	67.90
Short-term deferred tax liabilities	0.01	0.00
Other non-interest bearing current liabilities	4.47	4.81	4.42	4.49	5.23
Current liabilities total	7.36	8.75	22.58	57.14	75.09
Balance sheet total (liabilities)	127.35	121.37	141.59	174.78	174.70

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