HI 97 ApS — Credit Rating and Financial Key Figures

CVR number: 20512636

Irma Pedersens Gade 66, 8000 Aarhus C

henrik@holmris.dk

Income statement (mDKK)

	2012	2013	2014	2015	2016
Fiscal period length	12	12	12	12	12
Net sales	165.24	274.39	455.27	498.18	678.29
Other operating income		6.08
Costs of manufacturing	- 122.79	- 167.73	- 288.15	- 305.15	- 436.34
External services		41.67	54.65	60.02	-75.51
Gross profit	42.45	71.07	112.47	133.02	166.44
Costs of management	11.30
Costs of distribution	-25.75
Employee benefit expenses		-59.13	-87.26	-95.14	- 126.01
Other operating expenses	-0.02	-0.02	-0.12
Total depreciation		-5.12	-10.63	-15.16	-18.88
EBIT	5.38	6.80	14.47	22.71	21.55
Other financial income	0.78	0.29	1.03	1.43	0.64
Other financial expenses	-2.02	-3.39	-3.12	-4.35	-5.59
Income from other inv. held as non-curr. assets			0.21	0.06	0.03
Net income from associates (fin.)	0.34	6.59	0.07	0.45	4.68
Pre-tax profit	4.46	10.29	12.67	10.57	12.26
Income taxes	-1.16	-1.54	-4.60	-6.22	-7.16
Net earnings	3.31	8.76	8.07	4.36	5.11

	2012	2013	2014	2015	2016
Development expenditure	0.33	0.32	0.80	0.56	0.60
Intangible rights	0.17	5.17	4.87	4.02	2.77
Goodwill	8.86	50.98	61.42	57.86	85.98
Intangible assets total	9.36	56.47	67.09	62.44	89.34
Buildings	5.56	4.09	6.86	13.07	12.52
Machinery and equipment	1.68	4.42	3.79	3.25	4.84
Advance payments and construction in progress					0.16
Tangible assets total	7.24	8.51	10.65	16.31	17.52
Participating interests	0.49	0.09	0.17	0.04
Investments total	0.49	0.09	0.17	0.04
Non-current loans receivable		0.48	0.64	0.68	0.66
Non-current other receivables	6.48	6.76	5.52	4.06	3.74
Long term receivables total	6.48	7.24	6.16	4.74	4.40
Semifinished products	5.82	6.32	7.34	5.07	6.43
Raw materials and consumables	7.41	7.31	14.70	17.32	21.41
Finished products/goods	16.21	22.50	32.29	37.68	59.17
Advance payments			2.07
Inventories total	29.45	36.12	56.40	60.06	87.01
Current trade debtors	38.91	64.83	65.02	77.52	166.16
Current owed by particip. interest comp.	0.51	0.50	0.65	0.30
Prepayments and accrued income	0.66	1.13	1.10	1.86	1.44
Current other receivables	1.47	8.10	3.17	2.68	2.72
Current deferred tax assets	0.29	0.38
Short term receivables total	41.83	74.95	69.94	82.36	170.32
Other current investments	1.99	1.98	2.75	4.24	3.83
Cash and bank deposits	2.30	2.06	5.48	2.15	5.68
Cash and cash equivalents	4.29	4.04	8.22	6.39	9.52
Balance sheet total (assets)	99.14	187.41	218.64	232.34	378.11

	2012	2013	2014	2015	2016
Share capital	0.13	0.13	0.13	0.13	0.13
Shares repurchased			0.50	0.60	1.60
Other reserves	-8.30	-34.38	-32.79		0.20
Retained earnings	9.45	18.78	11.98	20.01	25.02
Profit of the financial year	3.31	8.76	8.07	4.36	5.11
Minority interest (BS)	8.30	27.59	32.79	39.98	48.69
Shareholders equity total	12.89	20.87	20.68	65.07	80.75
Provisions	8.30	27.59	1.77	0.96	0.57
Capital loans	5.84	17.58	19.07	12.36	22.78
Non-current loans from credit institutions	6.94	22.49	21.49	18.35	24.56
Non-current leasing loans				8.71	8.48
Non-current other liabilities	5.95	6.72	11.60	6.42	7.85
Non-current liabilities total	18.72	46.79	52.15	45.84	63.68
Current loans from credit institutions	22.20	39.44	39.04	35.82	67.50
Current trade creditors	22.93	29.43	38.27	43.31	103.83
Short-term deferred tax liabilities	0.29	1.27	0.28	6.26	6.19
Other non-interest bearing current liabilities	9.46	20.95	25.94	30.56	44.75
Accruals and deferred income	4.33	1.07	7.72	4.51	10.85
Current liabilities total	59.22	92.16	111.25	120.46	233.11
Balance sheet total (liabilities)	99.14	187.41	185.85	232.34	378.11

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