Norby Group ApS — Credit Rating and Financial Key Figures

CVR number: 27331599

P. Heises Vej 10, 8000 Aarhus C

jn@dafa.dk

tel: 40447220

Income statement (mDKK)

	2017	2018	2019	2020
Fiscal period length	12	12	12	12
Net sales	427.63	463.31	517.61	515.47
Other operating income	0.40	0.21	0.04	0.39
Costs of manufacturing	- 203.44	- 235.28	- 258.92	- 257.35
External services	-67.71	-59.21	-51.38	-46.23
Gross profit	156.88	169.04	207.35	212.28
Employee benefit expenses	- 124.54	- 119.42	- 127.40	- 122.71
Other operating expenses	-2.59
Total depreciation	-19.17	-20.79	-20.60	-20.85
EBIT	10.59	28.83	59.35	68.72
Other financial income	7.92	2.94	5.21	12.53
Other financial expenses	-5.14	-4.66	-1.52	-2.60
Net income from associates (fin.)		0.57
Pre-tax profit	13.37	27.69	63.04	78.64
Income taxes	-5.11	-7.60	-16.27	-18.80
Net earnings	8.26	20.09	46.77	59.84

	2017	2018	2019	2020
Development expenditure	1.35	0.74	0.18	0.06
Intangible rights	0.54	2.24	1.82	8.41
Goodwill	57.84	51.06	44.27	37.48
Intangible assets total	59.73	54.04	46.27	45.94
Land and waters	75.46	76.04	78.74	76.01
Buildings	32.26	40.59	43.87	41.59
Machinery and equipment	9.19	4.41	3.88	3.89
Advance payments and construction in progress	6.88	0.86	0.80
Tangible assets total	123.78	121.90	127.28	121.49
Participating interests	5.13	1.00	1.00	1.00
Investments total	5.13	1.00	1.00	1.00
Non-curr. owed by particip. interest comp.	6.15
Non-current loans receivable		5.55		6.19
Non-current other receivables	1.56	3.27	3.00	3.22
Long term receivables total	7.72	8.82	3.00	9.41
Semifinished products	2.98	3.49	1.71	3.38
Raw materials and consumables	32.56	22.51	26.26	22.45
Finished products/goods	32.68	34.48	32.43	41.10
Advance payments	1.56
Inventories total	69.78	60.48	60.40	66.93
Current trade debtors	71.07	86.67	79.88	91.70
Current owed by particip. interest comp.		6.40	4.59	3.23
Prepayments and accrued income	1.56	1.66	1.36	0.08
Current other receivables	3.21	1.92	3.47	1.74
Current deferred tax assets	0.46			0.00
Short term receivables total	76.29	96.65	89.30	96.75
Other current investments	75.40	66.02	72.12	84.61
Cash and bank deposits	12.64	7.09	24.25	23.19
Cash and cash equivalents	88.05	73.10	96.36	107.80
Balance sheet total (assets)	430.47	416.00	423.62	449.32

	2017	2018	2019	2020
Share capital	0.21	0.21	0.21	0.21
Shares repurchased		2.00	4.00	4.00
Other reserves		0.74	0.18	0.04
Retained earnings	150.82	142.14	138.03	155.46
Profit of the financial year	8.26	20.09	46.77	59.84
Minority interest (BS)	45.92	53.34	67.53	77.25
Shareholders equity total	205.21	218.52	256.73	296.81
Provisions	5.16	4.13	2.86	6.10
Non-current loans from credit institutions	40.93	27.55	55.73	26.82
Non-current leasing loans	2.11	1.24	4.93	7.63
Non-current other liabilities			0.25
Non-current liabilities total	43.04	28.79	60.90	34.45
Current loans from credit institutions	123.94	87.89	15.42	15.52
Current trade creditors	32.10	51.41	54.37	63.16
Short-term deferred tax liabilities		3.86	4.14
Other non-interest bearing current liabilities	21.02	21.40	29.20	33.28
Current liabilities total	177.06	164.56	103.13	111.95
Balance sheet total (liabilities)	430.47	416.00	423.62	449.32

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