Nordic Solar A/S — Credit Rating and Financial Key Figures

CVR number: 33367023

Strandvejen 104 B, 2900 Hellerup

Income statement (mEUR)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	31.86	46.46	72.37	58.93	49.20
Other operating income	0.25	0.58	0.28	0.27	4.05
Purchases during the financial year	-3.56		-6.25	-9.67	-12.67
Costs of manufacturing		-4.54
External services	-2.78	-6.39	-9.45	-5.82	-9.24
Gross profit	25.77	36.12	56.94	43.70	31.35
Employee benefit expenses	-0.13	-3.88	-7.62	-10.42	-13.60
Other operating expenses				-0.47
Total depreciation	-16.35	-20.23	-25.28	-26.68	-30.90
EBIT	9.29	12.01	24.04	6.13	-13.16
Other financial income	0.08	0.84	3.39	6.86	6.25
Other financial expenses	-7.97	-10.40	-16.17	-20.41	-26.40
Pre-tax profit	1.40	2.45	11.25	-7.42	-33.31
Income taxes	-1.30	-0.90	-5.09	-1.81	3.22
Net earnings	0.09	1.55	6.17	-9.23	-30.09

	2020	2021	2022	2023	2024
Intangible rights		-44.26	-44.26	-44.26	-43.97
Goodwill		44.26	44.26	44.26	43.97
Intangible assets total
Other tangible assets	288.54	459.71	498.57	601.06	739.57
Tangible assets total	288.54	459.71	498.57	601.06	739.57
Other non-current investments	0.65	44.42	44.42	46.29	47.25
Investments total	0.65	44.42	44.42	46.29	47.25
Non-current other receivables		5.88	20.57	11.56	10.17
Deferred tax assets	11.15	14.16	12.20	12.46	18.19
Long term receivables total	11.15	20.03	32.77	24.02	28.36
Inventories total
Current trade debtors	1.29	3.23	10.10	7.05	5.09
Prepayments and accrued income	0.89	0.93	0.77	1.31	0.87
Current other receivables	6.12	12.38	9.28
Short term receivables total	8.30	16.55	20.14	8.36	5.96
Cash and bank deposits	33.79	51.74	110.88	116.46	93.58
Cash and cash equivalents	33.79	51.74	110.88	116.46	93.58
Non-current assets for sale				5.84	10.23
Balance sheet total (assets)	342.43	592.45	706.77	802.03	924.95

	2020	2021	2022	2023	2024
Share capital	23.11	58.53	71.35	71.35	71.35
Shares repurchased	-5.16
Other reserves	6.40	-3.48	9.05	5.17	5.86
Retained earnings	60.77	197.33	250.95	259.21	251.47
Profit of the financial year	0.09	1.55	6.17	-9.23	-30.09
Minority interest (BS)	-0.05	0.16	0.90	0.99	0.97
Shareholders equity total	85.18	254.09	338.41	327.49	299.56
Non-current loans from credit institutions	197.77	225.40	250.13	369.66	512.38
Non-current accruals and deferred income	0.23
Provisions	5.37	8.98	6.42	10.56	6.93
Non-current other liabilities	25.28	29.89	30.60	23.31	22.06
Non-current deferred tax liabilities	1.26	1.06	4.52	5.56	7.40
Non-current liabilities total	229.91	265.33	291.69	409.08	548.77
Current loans from credit institutions	20.02	50.69	43.48	46.20	41.12
Current trade creditors	2.18	6.44	11.06	12.03	22.35
Short-term deferred tax liabilities	0.55	1.58	1.09	0.55	0.30
Other non-interest bearing current liabilities	4.60	14.31	21.05	5.44	12.18
Liabilities of non-current assets for sale				3.58	6.71
Current liabilities total	27.34	73.02	76.67	67.81	82.66
Balance sheet total (liabilities)	342.43	592.45	706.77	804.38	930.99

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