GRÅKJÆR A/S — Credit Rating and Financial Key Figures

CVR number: 19300404

Fabersvej 15, 7500 Holstebro

graakjaer@graakjaer.dk

tel: 96135551

Income statement (mDKK)

	2012	2013	2014	2015	2016
Fiscal period length	12	12	12	12	12
Net sales	595.28	527.10	716.86	772.16	729.05
Other operating income	3.56	0.35	0.46	0.06	0.14
Purchases during the financial year	- 500.17	- 431.83	- 619.01	- 647.64	- 606.98
External services	-27.74	-25.36	-25.47	-17.10	-39.82
Gross profit	70.92	70.26	72.84	107.47	82.39
Employee benefit expenses	-59.96	-53.83	-52.82	-70.18	-63.68
Total depreciation	-3.75	-1.40	-1.52	-3.56	-2.65
EBIT	7.22	15.04	18.50	33.72	16.06
Other financial income	0.02	3.42	0.32	0.63	0.42
Other financial expenses	-3.74	-8.43	-3.65	-3.74	-2.39
Pre-tax profit	3.50	10.03	15.17	30.61	14.08
Income taxes	-1.12	-3.17	-3.79	-7.09	-3.26
Net earnings	2.39	6.85	11.38	23.53	10.82

	2012	2013	2014	2015	2016
Development expenditure			4.91	3.99	2.66
Intangible assets total			4.91	3.99	2.66
Land and waters	8.26	8.05	7.38	6.30	6.09
Machinery and equipment	3.17	2.63	2.67	2.30	1.22
Tangible assets total	11.43	10.69	10.05	8.60	7.31
Investments total			2.26	2.04	3.92
Non-curr. owed by group member comp.					25.42
Non-current loans receivable		3.10
Non-current other receivables	3.07	2.26	2.86	13.25	15.63
Long term receivables total	3.07	5.36	2.86	13.25	41.04
Semifinished products	4.62
Raw materials and consumables	2.56	2.12	2.23	2.21
Finished products/goods		1.62	1.62	1.62	1.62
Inventories total	7.18	3.74	3.84	3.83	1.62
Current trade debtors	39.01	59.17	109.84	50.07	32.75
Current amounts owed by group member comp.	1.83	1.39
Prepayments and accrued income	0.59	1.33	1.63	1.11	1.86
Current other receivables	26.29	21.29	13.74	14.05	69.25
Current deferred tax assets	5.72	5.09	1.10	0.14	0.18
Short term receivables total	73.45	88.28	126.30	65.37	104.04
Cash and bank deposits	15.45	13.73	22.34	127.44	14.42
Cash and cash equivalents	15.45	13.73	22.34	127.44	14.42
Balance sheet total (assets)	110.58	121.80	172.58	224.51	175.01

	2012	2013	2014	2015	2016
Share capital	8.00	8.00	8.00	8.00	8.00
Shares repurchased	2.00	5.20	8.60	4.90	10.00
Retained earnings	22.71	19.90	18.15	24.58	38.11
Profit of the financial year	2.39	6.85	11.38	23.53	10.82
Shareholders equity total	35.10	39.95	46.13	61.01	66.93
Provisions	9.04	7.53	7.40	20.46	14.14
Non-current loans from credit institutions	4.50
Non-current other liabilities	1.74
Non-current liabilities total	6.24
Current loans from credit institutions	0.42
Advances received	8.37	18.10	35.16
Current trade creditors	39.28	42.19	67.14	66.59	70.89
Current owed to group member			0.92
Short-term deferred tax liabilities		1.30	0.02	0.50	4.13
Other non-interest bearing current liabilities	12.12	12.74	15.81	18.18	10.86
Accruals and deferred income				57.77	8.07
Current liabilities total	60.20	74.32	119.05	143.05	93.94
Balance sheet total (liabilities)	110.58	121.80	172.58	224.51	175.01

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