Larsenbus ApS — Credit Rating and Financial Key Figures

CVR number: 33055595

Kanalholmen 1, 2650 Hvidovre

ll@kbus.dk

tel: 27270101

www.kbus.dk

Income statement (mDKK)

	2015	2016	2017	2018	2019
Fiscal period length	12	12	12	12	12
Net sales	146.03	365.03	426.18	488.15	441.90
Other operating income	3.92	4.77	1.62	2.19	2.52
Costs of manufacturing	-38.37	- 119.68	- 130.09	- 142.35	- 123.95
External services	-6.35	-27.60	-36.53	-37.35	-30.16
Gross profit	105.22	222.52	261.19	310.64	290.31
Employee benefit expenses	-62.26	- 156.29	- 193.80	- 228.64	- 217.59
Other operating expenses	-0.08	-0.53	-0.50	-1.99	-0.50
Total depreciation	-18.93	-36.01	-45.43	-47.28	-50.45
EBIT	24.11	29.69	21.46	32.73	21.77
Other financial income	1.91	0.49	0.73	1.30	1.15
Other financial expenses	-2.49	-5.03	-5.91	-5.45	-5.32
Reduction non-current investment assets			-0.25	-0.16	0.08
Net income from associates (fin.)	2.05	0.77	1.20	0.75	4.93
Pre-tax profit	25.58	25.93	17.23	29.17	22.62
Income taxes	-5.30	-4.77	-4.45	-6.87	-4.45
Net earnings	20.28	21.16	12.78	22.30	18.17

	2015	2016	2017	2018	2019
Intangible rights			0.44	0.34	0.29
Goodwill	10.72	9.07	8.20	3.57	2.96
Intangible assets total	10.72	9.07	8.63	3.92	3.25
Land and waters	6.66	6.56	10.69	11.34	6.94
Buildings	1.42	1.67	0.84	0.38	0.19
Machinery and equipment	140.18	250.48	283.23	281.93	282.90
Tangible assets total	148.25	258.71	294.77	293.65	290.04
Participating interests	1.64	2.24	3.17	3.69	46.59
Investments total	1.64	2.24	3.17	3.69	46.59
Non-curr. owed by particip. interest comp.	5.52
Non-current other receivables	4.25	8.49	11.19	22.29	5.14
Long term receivables total	9.76	8.49	11.19	22.29	5.14
Raw materials and consumables	2.41	3.90	5.33	6.55	4.08
Finished products/goods			3.28	2.27	0.69
Inventories total	2.41	3.90	8.61	8.82	4.77
Current trade debtors	26.48	54.56	58.03	69.69	34.78
Current amounts owed by group member comp.	0.04	1.00		1.40	2.19
Current owed by particip. interest comp.	2.05	0.07	0.20
Prepayments and accrued income	1.31	1.27	1.72	1.37	1.45
Current other receivables	12.72	24.00	16.31	19.91	4.06
Current deferred tax assets		0.34
Short term receivables total	42.59	81.24	76.26	92.37	42.48
Other current investments	0.28	0.18	0.22	0.24	0.26
Cash and bank deposits	9.78	17.18	2.92	70.81	1.55
Cash and cash equivalents	10.07	17.36	3.14	71.04	1.81
Balance sheet total (assets)	225.45	381.00	405.77	495.78	394.08

	2015	2016	2017	2018	2019
Share capital	0.08	0.08	0.08	0.08	0.08
Shares repurchased	0.05	1.00	1.00	1.00
Retained earnings	40.74	58.35	74.34	82.76	82.32
Profit of the financial year	20.28	21.16	12.78	22.30	18.17
Minority interest (BS)	1.34	3.57	5.83	7.99	8.51
Shareholders equity total	62.48	84.15	94.02	114.13	109.07
Provisions	9.06	16.49	21.06	22.78	24.31
Non-current loans from credit institutions	42.73	102.86	121.96	119.43	105.03
Non-current leasing loans	25.33	44.10	29.93	42.73	39.75
Non-current accruals and deferred income		0.23
Non-current other liabilities		7.30	7.53	3.12	9.46
Non-current liabilities total	68.06	154.49	159.42	165.28	154.24
Current loans from credit institutions	33.30	71.66	71.89	118.92	54.82
Advances received			0.13	0.03	0.03
Current trade creditors	14.07	17.40	18.17	13.78	13.59
Current owed to participating	0.18	0.06		6.08	5.07
Current owed to group member	0.66				0.29
Short-term deferred tax liabilities	1.61		0.11	5.19	2.98
Other non-interest bearing current liabilities	36.03	36.75	40.97	49.59	29.67
Current liabilities total	85.84	125.87	131.27	193.59	106.46
Balance sheet total (liabilities)	225.45	381.00	405.77	495.78	394.08

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