JEW Holding ApS — Credit Rating and Financial Key Figures

CVR number: 18583194

Pantheonsgade 10, 5000 Odense C

Income statement (mDKK)

	2012	2013	2014	2015	2016
Fiscal period length	12	12	12	12	12
Net sales	317.79	378.95	497.24	568.93	625.07
Other operating income		1.27			2.27
Costs of manufacturing	- 264.20	- 321.38	- 432.81	- 469.40	- 507.49
Gross profit	53.60	57.56	64.43	99.53	117.58
Costs of management	-29.08	-30.13	-37.07	-45.41	-55.11
Costs of distribution	-0.73	-0.75	-2.50	-1.22	-1.51
Other operating expenses			-0.10
Total depreciation	-1.13	-1.21	-1.39	-0.95	-1.31
EBIT	23.79	26.68	24.77	52.90	60.96
Other financial income	5.08	2.50	2.51	5.96	9.81
Other financial expenses	-17.03	-17.03	-5.95	-7.48	-9.81
Net income from associates (fin.)					15.67
Pre-tax profit	9.58	8.61	13.64	51.38	78.89
Income taxes	-3.00	-0.52	-5.36	-4.76	-13.27
Net earnings	6.58	8.08	8.28	46.62	65.63

	2012	2013	2014	2015	2016
Intangible assets total
Land and waters	107.60	121.26	109.11	105.40	48.20
Buildings	0.15	0.34	0.11	1.20
Machinery and equipment	2.15	2.11	1.65	1.23	0.01
Tangible assets total	109.90	123.71	110.88	107.83	48.20
Participating interests				40.02	102.99
Investments total				40.02	102.99
Non-current loans receivable	29.60	24.91	25.39	3.42	0.02
Non-current other receivables	0.20	20.84			44.34
Long term receivables total	29.80	45.75	25.39	3.42	44.36
Semifinished products	222.80	159.85	189.48	267.01
Finished products/goods	85.31	77.95	77.09	65.80
Advance payments	2.41
Inventories total	310.52	237.80	266.57	332.80
Current trade debtors	13.50	16.76	9.51	15.35	0.15
Current owed by particip. interest comp.				30.15
Prepayments and accrued income	0.29	0.13	0.02	0.02
Current other receivables	41.27	67.28	100.35	65.36	64.20
Current deferred tax assets		2.48			0.67
Short term receivables total	55.06	86.65	109.88	110.88	65.02
Other current investments					0.01
Cash and bank deposits	156.43	94.82	102.01	113.83	4.89
Cash and cash equivalents	156.43	94.82	102.01	113.83	4.90
Balance sheet total (assets)	661.72	588.73	614.74	708.79	265.47

	2012	2013	2014	2015	2016
Share capital	0.20	0.20	0.20	0.20	0.20
Asset revaluation reserve	1.03	0.85	0.62	0.44
Shares repurchased			13.50	5.00	1.50
Other reserves	-41.10	-46.96	-52.66
Retained earnings	159.38	166.14	160.95	148.80	179.34
Profit of the financial year	6.58	8.08	8.28	46.62	65.63
Minority interest (BS)	41.10	46.96	52.66	62.26
Shareholders equity total	167.19	175.27	183.55	263.32	246.68
Provisions	5.85	3.81	6.76	18.85
Non-current loans from credit institutions	143.25	62.13	53.75	49.30	15.93
Non-current other liabilities	18.00	24.80	6.00
Non-current liabilities total	161.25	86.93	59.75	49.30	15.93
Current loans from credit institutions	200.69	170.63	125.94	228.78	0.81
Advances received			0.04	2.95
Current trade creditors	47.66	39.55	66.07	46.75	0.15
Current owed to participating	2.35
Short-term deferred tax liabilities	4.00		0.81	9.33
Other non-interest bearing current liabilities	23.66	42.34	113.36	57.71	1.91
Accruals and deferred income	7.97	23.23	5.81	31.79
Current liabilities total	286.33	275.75	312.02	377.31	2.86
Balance sheet total (liabilities)	620.62	541.76	562.08	708.79	265.47

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