KP Invest Finans III A/S — Credit Rating and Financial Key Figures

CVR number: 29011656

Gl. Landevej 3, 7400 Herning

offpost@kpri.dk

Income statement (mDKK)

	2013	2014	2015	2016	2017
Fiscal period length	12	12	12	12	12
Net sales	978.02	1 490.26	2 224.91	2 677.53	2 759.74
Other operating income	2.52	2.15	3.53	3.23
Costs of manufacturing	- 874.31	-1 349.42	-2 080.69	-2 453.80	-2 561.60
Gross profit	103.71	140.84	144.22	223.73	198.14
Costs of management	-14.04	-11.99	-19.44	-18.85	-17.20
EBIT	89.67	128.85	124.78	204.88	180.94
Other financial income	3.76	4.99	12.20	20.07	45.16
Other financial expenses	-5.30	-5.39	-6.82	-7.28	-19.92
Income from other inv. held as non-curr. assets				0.95	1.51
Net income from associates (fin.)	0.39	1.17	47.21	7.48	40.01
Pre-tax profit	61.44	131.76	180.90	229.33	247.72
Income taxes	-21.80	-30.60	-38.10	-45.79	-44.84
Net earnings	39.64	101.16	142.81	183.54	202.88

	2013	2014	2015	2016	2017
Intangible assets total
Land and waters	14.63
Buildings		0.17	0.13	0.09	0.12
Machinery and equipment	1.27	1.22	0.80	0.85	0.54
Advance payments and construction in progress					0.06
Tangible assets total	15.90	1.39	0.94	0.95	0.72
Participating interests	63.35	74.38	75.25	58.45	59.15
Investments total	63.35	74.38	75.25	58.45	59.15
Non-curr. owed by particip. interest comp.	25.07	91.45	8.67	9.98	1.37
Non-current loans receivable	8.28	11.68	12.10	10.45	1.03
Non-current other receivables	0.70	9.60	11.73	11.89	0.91
Long term receivables total	34.05	112.72	32.50	32.32	3.31
Semifinished products					19.59
Finished products/goods	102.08	99.77	128.24	130.38
Advance payments					4.13
Inventories total	102.08	99.77	128.24	130.38	23.72
Current trade debtors	100.68	124.28	181.54	124.19	175.42
Current amounts owed by group member comp.	9.83	97.61	43.14	0.96	8.87
Current owed by particip. interest comp.	19.35	9.42	56.69	117.09	70.78
Prepayments and accrued income	0.16	0.50	0.72	1.16	0.23
Current other receivables	252.56	319.29	356.53	880.51	1 612.53
Current deferred tax assets					0.29
Short term receivables total	382.58	551.10	638.63	1 123.90	1 868.12
Other current investments	18.03	14.67	12.83	12.33
Cash and bank deposits	54.08	61.22	265.33	109.54	127.82
Cash and cash equivalents	72.10	75.89	278.16	121.87	127.82
Balance sheet total (assets)	670.05	915.25	1 153.70	1 467.88	2 082.84

	2013	2014	2015	2016	2017
Share capital	0.50	0.50	0.50	0.50	0.50
Shares repurchased	16.20	19.00	30.00	42.00	48.00
Other reserves	- 116.40
Retained earnings	210.86	185.17	202.24	231.93	151.00
Profit of the financial year	39.64	101.16	142.81	183.54	202.88
Minority interest (BS)	116.40	131.57	163.90	210.39	254.31
Shareholders equity total	267.20	437.40	539.45	668.35	656.68
Provisions	33.82	35.23	36.28	54.64	79.03
Non-current loans from credit institutions	44.12	36.27	39.01	49.88	11.91
Non-current trade creditors					3.88
Non-current other liabilities			1.72	1.72
Non-current liabilities total	44.12	36.27	40.73	51.60	15.78
Current loans from credit institutions	1.81	1.55	1.91	276.00	879.62
Advances received	48.54		178.33	38.10	77.59
Current trade creditors	95.30	180.21	254.24	311.24	335.11
Current owed to group member		2.46	6.26		14.58
Short-term deferred tax liabilities	15.63	27.16	39.66	3.28	3.32
Other non-interest bearing current liabilities	47.23	102.42	56.84	64.65	21.11
Accruals and deferred income		92.55
Current liabilities total	208.51	406.35	537.25	693.28	1 331.34
Balance sheet total (liabilities)	553.65	915.25	1 153.70	1 467.88	2 082.84

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