HENNING LARSEN ARCHITECTS A/S — Credit Rating and Financial Key Figures

CVR number: 18940884

Vesterbrogade 76, 1620 København V

Income statement (mDKK)

	2016	2017	2018	2020
Fiscal period length	12	12	12	12
Net sales	268.45	279.38	336.40	526.04
Other operating income	0.20	0.40	5.21	1.05
Costs of manufacturing	- 198.08	- 195.89	- 245.31	- 366.20
Gross profit	70.38	83.48	91.09	159.84
Costs of management	-36.26	-44.74	-51.87	-67.51
Other operating expenses	-0.14	-0.09	-0.05	-1.05
EBIT	34.12	38.74	39.21	92.32
Other financial income	2.26	1.31	1.76	2.25
Other financial expenses	-0.60	-1.78	1.52	-3.21
Net income from associates (fin.)	0.41	0.08	0.88	0.40
Pre-tax profit	36.26	38.66	45.50	91.76
Income taxes	-8.16	-8.53	-10.88	-23.07
Net earnings	28.09	30.13	34.62	68.69

	2016	2017	2018	2020
Intangible rights		0.05	0.03	0.25
Intangible assets total		0.05	0.03	0.25
Land and waters	4.19	4.10	4.01	3.88
Buildings	0.67	4.83	10.91	8.65
Machinery and equipment	3.40	5.03	6.55	4.05
Tangible assets total	8.26	13.97	21.48	16.57
Participating interests	0.83	0.66	1.55
Investments total	2.04	1.81	3.42	0.32
Long term receivables total
Inventories total
Current trade debtors	92.67	74.41	93.21	86.64
Current owed by particip. interest comp.	0.03	0.34	0.02
Prepayments and accrued income	4.00	3.86	4.56	2.35
Current other receivables	10.80	25.84	23.80	30.37
Current deferred tax assets	17.85	14.47	2.08	1.20
Short term receivables total	125.36	118.93	123.67	120.56
Other current investments	30.71	30.56	35.35
Cash and bank deposits	71.80	73.73	59.66	144.38
Cash and cash equivalents	102.50	104.29	95.01	144.38
Balance sheet total (assets)	238.16	239.05	243.61	282.09

	2016	2017	2018	2020
Share capital	0.50	0.50	0.50	0.50
Shares repurchased	18.00	40.00		31.00
Retained earnings	25.65	11.31	38.72	14.69
Profit of the financial year	28.09	30.13	34.62	68.69
Minority interest (BS)	1.14	3.28	5.22	0.83
Shareholders equity total	73.38	85.22	79.06	115.71
Provisions	34.44	41.18	40.91	45.18
Non-current liabilities total
Current trade creditors	29.44	30.11	19.91	29.31
Short-term deferred tax liabilities	3.10		3.33	3.82
Other non-interest bearing current liabilities	40.38	38.89	52.36	41.72
Accruals and deferred income	57.41	43.66	48.05	46.35
Current liabilities total	130.34	112.65	123.64	121.20
Balance sheet total (liabilities)	238.16	239.05	243.61	282.09

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