CERVOGRUPPEN ApS — Credit Rating and Financial Key Figures

CVR number: 53806228

Lille Gråbrødrestræde 1, 5000 Odense C

tel: 66114581

Income statement (kDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales
Gross profit	9 883.75	5 640.21	7 074.86	7 034.59	7 978.59
Employee benefit expenses	-3 201.94	-3 205.99	-3 235.14	-2 852.58	-2 544.77
Total depreciation	-96.94	- 118.03	- 132.34	- 139.41	- 141.50
Reduction in value of non-current assets	-19 230.97	-30 777.79	-23 357.45	- 592.85	6 181.69
EBIT	25 815.85	33 093.99	-19 650.07	3 449.75	11 474.01
Other financial income	35 374.66	47 775.50	30 723.50	10 574.91	9 360.92
Other financial expenses	-10 572.07	-9 842.56	-5 328.50	-6 782.18	-12 551.58
Net income from associates (fin.)	74 184.34	83 154.59	-12 455.90	-3 738.55	11 493.24
Pre-tax profit	124 802.79	154 181.51	-6 710.98	3 503.93	19 776.59
Income taxes	-10 927.98	-15 414.43	-1 062.64	-1 427.05	-1 814.28
Net earnings	113 874.81	138 767.08	-7 773.62	2 076.88	17 962.31

	2020	2021	2022	2023	2024
Intangible assets total
Buildings	287 135.66	332 961.54	298 562.92	301 143.55	325 783.40
Machinery and equipment	418.77	636.97	504.63	403.82	343.65
Tangible assets total	287 554.43	333 598.51	299 067.56	301 547.38	326 127.05
Holdings in group member companies	130 247.83	201 121.17	181 834.67	174 878.90	184 911.31
Investments total	130 419.19	201 294.78	182 008.28	175 058.14	185 090.55
Non-current loans receivable		200.00	858.14	1 105.02	658.77
Long term receivables total		200.00	858.14	1 105.02	658.77
Inventories total
Current trade debtors	22.24				6.07
Current amounts owed by group member comp.	157 655.41	124 576.11	56 038.75	50 715.96	45 085.99
Prepayments and accrued income	226.86	256.82
Current other receivables	2 410.82	5 689.01	14 166.66	1 226.16	488.36
Current deferred tax assets	4 196.41
Short term receivables total	164 511.74	130 521.94	70 205.40	51 942.12	45 580.43
Other current investments	18 297.75	21 301.77	8 553.00	74 285.39	46 115.64
Cash and bank deposits	5 122.19	3 102.70	71 553.08	5 188.64	4 396.29
Cash and cash equivalents	23 419.94	24 404.47	80 106.08	79 474.04	50 511.93
Balance sheet total (assets)	605 905.30	690 019.70	632 245.46	609 126.69	607 968.72

	2020	2021	2022	2023	2024
Share capital	200.00	200.00	200.00	200.00	200.00
Shares repurchased	11 000.00	12 000.00	10 000.00	12 000.00	12 000.00
Other reserves	88 860.89	165 147.23	149 376.33	144 245.57	154 477.98
Retained earnings	104 163.74	129 752.20	274 290.18	259 647.33	239 491.80
Profit of the financial year	113 874.81	138 767.08	-7 773.62	2 076.88	17 962.31
Shareholders equity total	318 099.44	445 866.52	426 092.90	418 169.78	424 132.08
Provisions	27 213.27	33 721.20	28 561.07	28 123.41	28 970.40
Non-current loans from credit institutions	167 117.01	163 280.20	140 299.63	136 430.08	129 760.30
Non-current other liabilities	63 339.24	19 228.93	2 782.81	3 401.51	6 345.37
Non-current deferred tax liabilities	5 729.18	8 821.69	6 411.79	1 653.30	844.76
Non-current liabilities total	236 185.44	191 330.82	149 494.22	141 484.89	136 950.43
Current loans from credit institutions	8 417.22	3 905.33	3 974.76	4 321.70	5 233.42
Advances received	7 503.74	6 288.58	5 977.50	6 068.85	6 421.20
Current trade creditors	5 319.09	1 744.12	540.39	659.17	370.13
Current owed to group member	2 115.91	945.03	8 529.96	3 418.66	3 484.66
Short-term deferred tax liabilities		5 729.18	8 821.69	6 411.79	1 653.30
Other non-interest bearing current liabilities	1 051.20	488.93	252.97	468.44	753.11
Current liabilities total	24 407.15	19 101.17	28 097.26	21 348.61	17 915.82
Balance sheet total (liabilities)	605 905.30	690 019.70	632 245.46	609 126.69	607 968.72

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