HARALD HALBERG HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 30523296

Porthusvej 100, 5700 Svendborg

Income statement (mDKK)

	2015	2016	2017	2018	2019
Fiscal period length	12	12	12	12	12
Net sales	569.82	580.10	640.87	639.25	688.57
Other operating income	0.99	0.66	0.67	0.87	3.56
Costs of manufacturing	- 388.02	- 403.19	- 434.49	- 424.87	- 495.34
External services	-76.56	-75.80	-99.41	-97.72	- 105.89
Gross profit	181.80	176.91	206.38	214.38	196.79
Costs of management	52.39	-54.17	-54.68	-69.04	-65.63
Other operating expenses		-0.15	-0.48	-1.16	-0.12
EBIT	53.83	47.45	53.45	47.33	25.14
Other financial income	23.87	74.49	25.66	37.32	19.07
Other financial expenses	-57.77	-15.52	-18.49	-13.08	-48.26
Income from other inv. held as non-curr. assets	0.15	-0.56	-0.22	-0.60	0.14
Net income from associates (fin.)	-1.87	0.99	1.29	2.74	1.17
Pre-tax profit	18.21	106.86	61.68	73.71	-2.75
Income taxes	-4.42	-21.49	-12.60	-16.10	-0.69
Net earnings	13.79	85.37	49.08	57.61	-3.44

	2015	2016	2017	2018	2019
Development expenditure				1.27	0.76
Intangible rights	296.45	256.89	221.63	188.62	176.56
Goodwill	17.72	13.38	9.04	4.70	1.49
Intangible assets total	314.18	270.28	230.68	194.59	178.81
Land and waters	316.28	370.07	380.90	389.20	408.64
Buildings	39.01	68.69	74.96	72.05	121.70
Machinery and equipment	11.09	17.67	16.88	16.19	16.55
Other tangible assets	47.35	14.19	9.50	45.53	13.43
Tangible assets total	413.73	470.62	482.24	522.97	560.32
Participating interests	41.23	35.53	23.54	26.35	28.74
Other non-current investments			0.00		0.00
Investments total	41.23	35.53	23.54	26.35	28.74
Non-curr. owed by particip. interest comp.	22.35	22.35	17.85	17.85	15.35
Non-current loans receivable	0.32	0.33	10.71	11.07	11.20
Non-current other receivables	8.84	8.13	7.42	6.70	16.62
Long term receivables total	31.51	30.80	35.99	35.62	43.17
Semifinished products	12.28	10.28	14.04	16.60	19.72
Raw materials and consumables	143.03	72.27	73.03	88.30	85.25
Finished products/goods	69.93	96.73	146.14	176.31	141.34
Inventories total	225.24	179.28	233.20	281.21	246.31
Current trade debtors	91.39	93.30	118.80	113.57	209.09
Current owed by particip. interest comp.	1.29	1.29	2.65	0.33
Prepayments and accrued income		2.64		1.50	8.40
Current other receivables	10.23	6.48	7.17	3.93	11.77
Current deferred tax assets	6.61		0.93		2.98
Short term receivables total	109.53	103.72	129.56	119.33	232.24
Other current investments	362.29	334.12	338.34	292.27	254.30
Cash and bank deposits	26.43	33.16	36.38	27.22	52.00
Cash and cash equivalents	388.71	367.27	374.72	319.49	306.30
Balance sheet total (assets)	1 524.13	1 457.50	1 509.93	1 499.56	1 595.89

	2015	2016	2017	2018	2019
Share capital	12.00	12.00	12.00	12.00	12.00
Asset revaluation reserve			10.47	10.14	9.81
Shares repurchased	7.70	7.85	8.00	8.15	8.15
Other reserves				0.99	0.59
Retained earnings	968.94	973.07	1 037.22	1 080.03	1 132.41
Profit of the financial year	13.79	85.37	49.08	57.61	-3.44
Minority interest (BS)	13.84	16.52	18.62	2.18	0.80
Shareholders equity total	1 016.26	1 094.81	1 135.40	1 171.11	1 160.32
Provisions	28.59	36.14	38.74	44.67	45.90
Non-current loans from credit institutions	83.56	76.29	74.61	64.69	59.44
Non-current owed to group member	18.66	18.66	18.66	18.66	18.66
Non-current accruals and deferred income	-8.72
Non-current other liabilities	15.50	6.13	0.51	0.68	13.46
Non-current liabilities total	108.99	101.09	93.78	84.03	91.56
Current loans from credit institutions	230.17	99.01	110.12	41.35	101.74
Current trade creditors	112.11	62.80	52.31	116.39	109.18
Short-term deferred tax liabilities	2.85	6.83	7.31	6.96
Other non-interest bearing current liabilities	72.50	71.00	81.78	80.59	100.62
Current liabilities total	417.64	239.65	251.52	245.29	311.53
Balance sheet total (liabilities)	1 571.48	1 471.68	1 519.43	1 545.09	1 609.31

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