TIMEXTENDER A/S — Credit Rating and Financial Key Figures

CVR number: 29216711

Mariane Thomsens Gade 4 B, 8000 Aarhus C

info@timextender.com

tel: 86205700

www.timextender.com

Income statement (mDKK)

	2020	2022	2023	2024
Fiscal period length	12	12	12	12
Net sales	0.05	80.10	90.56	90.70
Manufacturing for enterprise's own use		-8.18	-7.49	-10.70
Other operating income		1.54	9.68	0.07
External services		-37.91	-40.38	-41.02
Gross profit	0.05	51.92	67.35	60.45
Employee benefit expenses		-91.31	-82.81	-76.89
Total depreciation		-5.93	-7.84	-17.10
EBIT	-0.01	-45.32	-23.30	-33.54
Other financial income		0.53	0.20	1.47
Other financial expenses		-2.36	-3.30	-1.98
Pre-tax profit	-0.01	-47.15	-26.40	-34.06
Income taxes		1.79	0.10	-4.60
Net earnings	-0.01	-45.37	-26.30	-38.66

	2022	2023	2024
Development expenditure	12.23	14.59	26.56
Intangible rights		17.94	22.61
Goodwill	0.11	25.93	68.31
Intangible assets total	12.34	58.47	117.48
Buildings	0.23	0.49	0.38
Tangible assets total	0.23	0.49	0.38
Other non-current investments			0.07
Investments total			0.13
Long term receivables total
Inventories total
Current trade debtors	8.22	17.17	18.00
Current amounts owed by group member comp.	0.17	0.83
Prepayments and accrued income	0.25	0.55	0.18
Current other receivables	0.77	0.78	2.71
Current deferred tax assets	1.80	0.83	0.83
Short term receivables total	11.21	20.16	21.73
Cash and bank deposits	2.96	5.61	2.71
Cash and cash equivalents	2.96	5.61	2.71
Balance sheet total (assets)	26.74	84.73	142.43

	2020	2022	2023	2024
Share capital	-0.00	44.00	44.00	44.00
Other reserves		0.13	2.94	3.09
Retained earnings	0.01	-30.69	-10.21	27.65
Profit of the financial year	-0.01	-45.37	-26.30	-38.66
Shareholders equity total	-0.00	-31.93	10.43	36.09
Provisions			6.49	4.50
Non-current loans from credit institutions		5.44	5.95	4.64
Non-current accruals and deferred income		16.43	11.89	14.22
Non-current deferred tax liabilities		1.89	1.98	1.98
Non-current liabilities total		23.76	19.82	20.84
Current loans from credit institutions			4.85	22.91
Advances received		0.10	0.10
Current trade creditors		1.86	5.84	7.56
Current owed to participating				0.10
Current owed to group member				5.87
Short-term deferred tax liabilities				2.36
Other non-interest bearing current liabilities		2.70	7.00	10.15
Accruals and deferred income		30.26	30.21	32.03
Current liabilities total		34.92	48.00	80.99
Balance sheet total (liabilities)	-0.00	26.74	84.73	142.43

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