THOR LARSEN HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 25547845

Arvad Møllevej 3, 7330 Brande

Income statement (kDKK)

	2012	2013	2014	2015	2016
Fiscal period length	12	12	12	12	12
Net sales
Gross profit	31 656.38	25 555.04	39 259.39	45 135.82	31 733.42
Employee benefit expenses	-23 659.93	-24 320.80	-28 223.17	-28 521.69	-26 595.46
Other operating expenses		-77.98	-34.04
Total depreciation	-1 326.33	-1 183.59	-1 222.49	- 974.99	- 533.68
EBIT	6 670.11	-27.34	9 779.70	15 639.14	4 604.29
Other financial income	894.36	934.88	1 642.93	756.03	260.26
Other financial expenses	-4 329.15	-1 312.86	- 860.25	-1 014.61	-2 852.77
Net income from associates (fin.)	3 556.01	- 456.09	-2 496.91	-2 901.43	7 574.87
Pre-tax profit	4 121.01	- 543.39	5 008.46	7 033.58	9 586.65
Income taxes	-2 698.92	- 610.78	-1 497.11	-3 372.23	-1 393.74
Net earnings	1 422.09	-1 154.17	3 511.35	3 661.35	8 192.91

	2012	2013	2014	2015	2016
Goodwill	1 265.80	818.93	273.63
Intangible assets total	1 265.80	818.93	273.63
Land and waters	5 621.02	5 597.55	5 731.53	5 484.79	3 614.17
Buildings	238.12	233.95	248.71	214.44
Machinery and equipment	1 762.58	1 358.27	1 528.81	2 648.24	1 385.72
Advance payments and construction in progress					1 106.00
Tangible assets total	7 621.72	7 189.78	7 509.06	8 347.46	6 105.90
Participating interests	3 621.52	5 241.81	4 002.44	5 216.73	25 968.75
Investments total	3 621.52	5 241.81	4 002.44	5 288.73	26 040.75
Non-current loans receivable				-72.00	341.92
Non-current other receivables	72.00	72.00	72.00	72.00
Long term receivables total	72.00	72.00	72.00		341.92
Finished products/goods	7 140.06	8 136.56	11 579.77	5 321.87
Inventories total	7 140.06	8 136.56	11 579.77	5 321.87
Current trade debtors	24 143.59	22 706.67	38 735.31	50 612.39	10 973.50
Current owed by particip. interest comp.	2 780.17	453.84	5 179.47	1 908.09	1 798.24
Prepayments and accrued income	1 081.83	815.82	1 013.90	844.79	115.37
Current other receivables	12 337.27	11 792.48	421.76	619.13	446.04
Short term receivables total	40 342.85	35 768.81	45 350.44	53 984.40	13 333.15
Other current investments	112.80
Cash and bank deposits	2 136.51	3 225.81	3 635.67	5 331.74	2 271.44
Cash and cash equivalents	2 249.31	3 225.81	3 635.67	5 331.74	2 271.44
Balance sheet total (assets)	62 313.25	60 453.69	72 423.01	78 274.21	48 093.17

	2012	2013	2014	2015	2016
Share capital	125.00	125.00	125.00	125.00	125.00
Shares repurchased	96.60	98.40	99.80	101.20	53.40
Other reserves	-13 421.29	-12 792.12	-14 575.90
Retained earnings	6 979.53	8 890.45	8 972.40	11 363.30	12 950.78
Profit of the financial year	1 422.09	-1 154.17	3 511.35	3 661.35	8 192.91
Minority interest (BS)	13 421.29	12 792.12	14 575.90	17 560.81	-1 271.08
Shareholders equity total	8 623.22	7 959.68	12 708.55	32 811.66	20 051.01
Provisions	3 750.46	4 230.48	39.59	25.98
Non-current loans from credit institutions	2 540.67	2 404.61	2 309.30	2 211.27	2 113.66
Non-current other liabilities			3 472.77	2 312.04	512.12
Non-current liabilities total	2 540.67	2 404.61	5 782.07	4 523.31	2 625.79
Current loans from credit institutions	22 561.69	18 317.37	9 883.03	8 060.02	9 902.26
Advances received	4 529.74	5 688.67	4 453.88
Current trade creditors	11 437.51	11 751.52	14 894.42	18 116.92	7 698.08
Current owed to participating	280.80	213.67	136.09	960.56	2 968.02
Short-term deferred tax liabilities	2 078.68	514.73	1 599.13	4 090.99	240.97
Other non-interest bearing current liabilities	-6 910.81	-3 419.16	8 350.36	9 684.75	4 607.06
Current liabilities total	33 977.62	33 066.80	39 316.91	40 913.25	25 416.38
Balance sheet total (liabilities)	48 891.96	47 661.57	57 847.11	78 274.21	48 093.17

CreditReports API