ES HOLDING AALBORG ApS — Credit Rating and Financial Key Figures

CVR number: 27074189

Osbornsvej 87, 9370 Hals

es@esholding.dk

tel: 27855873

Income statement (kDKK)

	2013	2014	2015	2016	2017
Fiscal period length	12	12	12	12	12
Net sales				464 425.43	547 790.21
Other operating income				173.78	260.34
Purchases during the financial year				- 424 198.31	- 503 993.47
External services				-11 997.69	-10 862.30
Gross profit	30 693.41	20 372.53	25 451.84	28 403.22	33 194.77
Employee benefit expenses	-14 843.51	-14 323.73	-16 654.58	-18 423.52	-22 661.92
Other operating expenses		- 126.50
Total depreciation	-1 058.63	-1 085.02	-1 336.74	-1 448.03	-1 657.41
EBIT	14 791.27	4 837.29	7 460.52	8 531.67	8 875.44
Other financial income	2 939.56	1 935.33	1 931.52	3 756.64	1 953.18
Other financial expenses	- 995.02	-2 605.10	-3 728.84	- 317.69	-2 024.75
Net income from associates (fin.)				-66.02	106.02
Pre-tax profit	16 735.82	4 167.52	5 663.20	11 904.61	8 909.90
Income taxes	-3 999.16	- 753.40	-1 299.85	-2 729.82	-2 117.26
Net earnings	12 736.66	3 414.12	4 363.35	9 174.80	6 792.64

	2013	2014	2015	2016	2017
Goodwill	1 655.59	1 117.52	745.01	372.51
Intangible assets total	1 655.59	1 117.52	745.01	372.51
Land and waters	1 869.41	1 856.07	1 842.72	1 842.72
Buildings	94.17	131.07	263.11	404.45	418.19
Machinery and equipment	1 884.94	2 854.60	2 078.17	2 237.44	1 769.09
Tangible assets total	3 848.53	4 841.74	4 184.00	4 484.61	2 187.28
Investments total				24.02	656.40
Non-current other receivables	765.56	4 865.81	4 814.95	7 241.19
Long term receivables total	765.56	4 865.81	4 814.95	7 241.19
Finished products/goods	38 008.93	22 085.57	24 024.32	22 117.27	32 311.61
Advance payments	1 942.51	968.91	892.24		2 376.45
Inventories total	39 951.44	23 054.49	24 916.56	22 117.27	34 688.06
Current trade debtors	80 760.74	86 772.32	64 597.77	75 524.54	94 146.97
Current other receivables	434.16	391.24	273.38	1 919.07	7 619.83
Current deferred tax assets	152.47	2 709.75	2 552.15	133.32	266.16
Short term receivables total	81 347.36	89 873.31	67 423.31	77 576.93	102 032.95
Other current investments	21 219.29	25 356.03	25 312.22	27 241.63	33 157.55
Cash and bank deposits	3 153.19	2 066.36	776.19	6 668.69	1 674.83
Cash and cash equivalents	24 372.47	27 422.40	26 088.41	33 910.33	34 832.38
Balance sheet total (assets)	151 940.96	151 175.26	128 172.24	145 726.85	174 397.08

	2013	2014	2015	2016	2017
Share capital	5 200.00	200.00	200.00	200.00	200.00
Shares repurchased	2 000.00	1 000.00	1 000.00	1 000.00	1 500.00
Other reserves	-14 256.45	-11 449.00
Retained earnings	29 374.66	43 461.38	43 635.67	44 011.55	48 568.31
Profit of the financial year	12 736.66	3 414.12	4 363.35	9 174.80	6 792.64
Minority interest (BS)	14 256.45	11 449.00	14 054.65	18 071.17	17 966.13
Shareholders equity total	49 311.31	48 075.50	63 253.67	72 457.52	75 027.07
Provisions	14 256.45	11 449.00			1.02
Non-current leasing loans	622.35	1 635.27	1 269.01	997.48	895.11
Non-current liabilities total	622.35	1 635.27	1 269.01	997.48	895.11
Current loans from credit institutions	44 631.42	38 134.96	15 320.99	18 128.19	33 872.25
Advances received					248.94
Current trade creditors	50 659.41	39 747.63	35 140.23	40 306.53	47 982.26
Short-term deferred tax liabilities	1 347.05			638.15	550.18
Other non-interest bearing current liabilities	-8 887.03	12 132.91	13 188.33	13 198.98	15 820.24
Current liabilities total	87 750.85	90 015.50	63 649.55	72 271.86	98 473.88
Balance sheet total (liabilities)	151 940.96	151 175.26	128 172.24	145 726.85	174 397.08

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