KURT SKARE HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 11975089

Hvedevænget 27, 6600 Vejen

Income statement (mDKK)

	2017	2018	2019	2020	2021
Fiscal period length	12	12	12	12	12
Net sales	1 207.29	1 347.21	1 170.64	1 236.66	1 246.68
Change in finished goods inventory	-21.77	21.95	-32.12	-16.56	46.00
Other operating income	0.54	0.42	1.34	0.50	1.12
Purchases during the financial year	- 922.62	-1 071.34	- 919.52	- 948.05	- 942.70
External services	-85.72	-87.43	-87.22	-87.50	-87.11
Gross profit	177.71	210.81	197.36	218.18	171.99
Employee benefit expenses	- 181.82	- 202.22	- 199.31	- 200.94	- 197.55
Total depreciation	-14.07	-14.61	-13.83	-11.57	-9.10
EBIT	-18.18	-6.02	-15.78	5.67	-34.66
Other financial income	0.20	0.56	0.32	1.33	67.20
Other financial expenses	-4.16	-3.77	-6.08	-8.69	-8.94
Income from other inv. held as non-curr. assets				-0.01
Net income from associates (fin.)		0.63
Pre-tax profit	-22.14	-8.60	-21.54	-1.70	23.60
Income taxes	-1.64	-2.76	0.24	-3.14	-6.60
Net earnings	-23.78	-11.36	-21.30	-4.84	17.00

	2017	2018	2019	2020	2021
Intangible assets total
Buildings	2.95	1.50	0.97	0.59	0.41
Machinery and equipment	51.77	61.62	52.38	41.33	35.49
Advance payments and construction in progress	16.67
Tangible assets total	71.39	63.12	53.35	41.92	35.90
Investments total
Non-current loans receivable	0.77	0.77	0.77	0.16	0.16
Long term receivables total	0.77	0.77	0.77	0.16	0.16
Raw materials and consumables	7.88	9.08	8.89	9.85	10.02
Finished products/goods	145.90	175.06	203.09	223.03	171.24
Advance payments	0.40	0.22
Inventories total	154.19	184.35	211.98	232.88	181.26
Current trade debtors	207.54	221.58	208.79	215.08	249.56
Prepayments and accrued income	0.73	0.58	0.79	0.56	2.72
Current other receivables	22.22	86.52	23.01	46.23	27.45
Current deferred tax assets	0.01	0.21	0.21
Short term receivables total	230.49	308.89	232.81	261.87	279.72
Cash and bank deposits	8.48	-59.69	1.11	1.07	0.08
Cash and cash equivalents	8.48	-59.69	1.11	1.07	0.08
Balance sheet total (assets)	465.32	497.44	500.01	537.91	497.12

	2017	2018	2019	2020	2021
Share capital	7.45	7.45	7.45	7.45	7.45
Shares repurchased	1.00	1.00
Retained earnings	121.28	96.40	84.97	63.89	59.06
Profit of the financial year	-23.78	-11.36	-21.30	-4.84	17.00
Shareholders equity total	105.95	93.49	71.12	66.50	83.50
Provisions	2.08	4.81	4.81	7.90	9.30
Non-current deferred tax liabilities			125.42	160.23	104.35
Non-current liabilities total			125.42	160.23	104.35
Current loans from credit institutions	61.26	61.60	78.30	80.14	80.79
Advances received	0.79	0.92	0.20
Current trade creditors	95.26	114.67	119.96	99.51	112.63
Current owed to participating				1.00	6.15
Short-term deferred tax liabilities	0.00				5.21
Other non-interest bearing current liabilities	199.99	221.95	100.20	122.63	95.20
Current liabilities total	357.30	399.14	298.66	303.28	299.97
Balance sheet total (liabilities)	465.32	497.44	500.01	537.91	497.12

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