SolarLab A/S — Credit Rating and Financial Key Figures

CVR number: 34720975

Jens Juuls Vej 9, 8260 Viby J

www.solarlab.dk

Income statement (kDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales
Gross profit	3 717.36	3 401.50	5 918.66	16 359.23	14 106.85
Employee benefit expenses	-2 126.05	-2 499.38	-1 995.33	-4 432.20	-5 534.45
Other operating expenses	-14.02	- 350.00	- 120.00	- 469.32
Total depreciation	-46.34	-85.65	- 241.81	- 514.75	- 877.11
EBIT	1 530.94	466.47	3 561.51	11 881.61	7 695.29
Other financial income	117.80	53.11	5.90	0.42	8.32
Other financial expenses	- 379.65	- 279.43	- 232.02	- 652.08	- 934.83
Reduction non-current investment assets					- 117.07
Pre-tax profit	1 269.10	240.15	3 335.40	11 229.95	6 651.70
Income taxes	- 305.60	122.83	- 713.13	-2 478.09	-1 489.89
Net earnings	963.50	362.98	2 622.26	8 751.86	5 161.81

	2020	2021	2022	2023	2024
Development expenditure		636.85	2 391.03	3 163.54	2 440.77
Intangible assets total		636.85	2 391.03	3 163.54	2 440.77
Machinery and equipment	163.93	350.89	967.57	811.13	700.25
Tangible assets total	163.93	350.89	967.57	811.13	700.25
Holdings in group member companies				69.27	69.27
Investments total	66.88	54.81	220.72	290.00	1 241.02
Long term receivables total
Semifinished products	1 876.99	804.55	352.81	1 099.91	781.34
Raw materials and consumables	360.14	488.84	741.67	1 168.37	1 518.36
Finished products/goods	185.01	219.50	97.60	237.61	226.49
Inventories total	2 422.14	1 512.89	1 192.08	2 505.89	2 526.20
Current trade debtors	175.16	2 131.58	5 108.96	3 201.39	20 632.59
Prepayments and accrued income	98.83	186.97	60.51	127.90	2.72
Current other receivables	6 760.41	7 189.71	13 031.69	19 131.65	19 500.19
Current deferred tax assets		4.33
Short term receivables total	7 034.41	9 512.59	18 201.17	22 460.93	40 135.50
Cash and bank deposits	1 146.62		141.74	3 310.08	5 252.56
Cash and cash equivalents	1 146.62		141.74	3 310.08	5 252.56
Balance sheet total (assets)	10 833.98	12 068.02	23 114.32	32 541.56	52 296.30

	2020	2021	2022	2023	2024
Share capital	80.00	80.00	80.00	80.00	400.00
Other reserves		1 154.34	1 878.84	2 467.58	1 903.79
Retained earnings	4 256.19	3 925.23	3 563.72	5 597.24	14 592.89
Profit of the financial year	963.50	362.98	2 622.26	8 751.86	5 161.81
Shareholders equity total	5 299.68	5 522.56	8 144.83	16 896.68	22 058.49
Provisions	1.44	373.04	1 042.94	2 590.81	1 938.93
Non-current accruals and deferred income		69.60	34.80	757.06	493.11
Non-current liabilities total		69.60	34.80	757.06	493.11
Current loans from credit institutions	1.01	1 300.37	3 999.69	6 440.59	9 337.31
Advances received			1 429.33	489.35	7 286.45
Current trade creditors	2 540.08	1 793.23	4 870.17	1 369.10	3 128.79
Current owed to participating	82.55
Current owed to group member	481.61	978.74	538.44	523.32	929.05
Short-term deferred tax liabilities	317.64		163.24	460.22	2 141.77
Other non-interest bearing current liabilities	2 109.98	2 030.48	2 890.88	3 014.44	4 974.36
Accruals and deferred income					8.03
Current liabilities total	5 532.86	6 102.82	13 891.75	12 297.01	27 805.77
Balance sheet total (liabilities)	10 833.98	12 068.02	23 114.32	32 541.56	52 296.30

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