Caldic Ingredients Denmark A/S — Credit Rating and Financial Key Figures

CVR number: 16545996

Mimersvej 1, 8722 Hedensted

roro@roro.dk

tel: 75890828

Income statement (mDKK)

	2012	2013	2014
Fiscal period length	12	12	12
Net sales	500.59	480.35	406.55
Change in finished goods inventory			-0.23
Other operating income	10.15
Purchases during the financial year	- 430.42	- 395.27	- 321.90
External services	-16.52	-22.34	-21.13
Gross profit	63.79	62.73	63.28
Employee benefit expenses	-30.65	-34.55	-28.37
Total depreciation	-5.84	-8.50	-8.18
EBIT	27.30	19.68	26.73
Other financial income	1.07	1.37	0.72
Other financial expenses	-2.06	-1.90	-1.27
Net income from associates (fin.)			3.17
Pre-tax profit	31.08	22.70	27.27
Income taxes	6.66	5.49	7.64
Net earnings	37.74	28.18	34.91

	2012	2013	2014
Intangible rights	0.25	0.14	0.11
Goodwill	66.90	61.81	56.75
Intangible assets total	67.15	61.95	56.86
Land and waters	11.18	11.07	10.66
Buildings	7.50	9.90	10.05
Machinery and equipment	3.37	2.17	1.60
Tangible assets total	22.05	23.14	22.30
Holdings in group member companies			17.85
Investments total		0.93	18.78
Long term receivables total
Finished products/goods	32.94	27.61	21.63
Advance payments	1.14	1.53	0.58
Inventories total	34.07	29.14	22.21
Current trade debtors	55.69	52.60	43.07
Current amounts owed by group member comp.	14.42	10.11
Prepayments and accrued income	0.17	0.32	0.45
Current other receivables	1.26		-11.88
Current deferred tax assets			1.78
Short term receivables total	71.54	63.02	33.41
Other current investments	0.10	0.10	0.10
Cash and bank deposits	20.50	14.28	14.09
Cash and cash equivalents	20.60	14.38	14.19
Balance sheet total (assets)	215.42	192.56	167.76

	2012	2013	2014
Share capital	4.10	4.10	4.10
Shares repurchased	17.50	15.00
Other reserves	-2.55	-2.85	11.59
Retained earnings	60.17	68.16	48.28
Profit of the financial year	37.74	28.18	34.91
Minority interest (BS)	2.55	2.85
Shareholders equity total	119.51	115.45	98.88
Provisions	0.18	0.55	0.77
Non-current loans from credit institutions	3.26	3.17	2.92
Non-current leasing loans	1.72	1.02	0.27
Non-current liabilities total	4.98	4.19	3.19
Current loans from credit institutions	-21.55	-7.07	4.13
Advances received			0.96
Current trade creditors	43.32	46.65	34.96
Current owed to group member	5.86		8.73
Short-term deferred tax liabilities	0.09
Other non-interest bearing current liabilities	60.38	29.58	16.14
Accruals and deferred income	0.10	0.36
Current liabilities total	88.20	69.52	64.93
Balance sheet total (liabilities)	212.87	189.71	167.76

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