DYOE INVEST ApS — Credit Rating and Financial Key Figures

CVR number: 28899254

Torø Huse Vej 24, 5610 Assens

mp@mp-revision.dk

tel: 76821201

Income statement (mDKK)

	2011	2012	2013	2014
Fiscal period length	12	12	12	12
Net sales	654.67	631.89	604.09	646.60
Other operating income				0.06
Costs of manufacturing	- 494.04	- 471.95	- 448.92	- 475.87
Gross profit	160.62	159.94	155.17	170.73
Costs of management	-76.66	-75.21	-73.66	-74.98
Costs of distribution	-50.48	-58.91	-61.26	-71.63
Other operating expenses	-1.19	-1.57	-1.55	-1.70
EBIT	32.29	24.25	18.70	22.47
Other financial income	7.86	6.05	8.42	5.68
Other financial expenses	-10.88	-8.73	-10.01	-12.60
Net income from associates (fin.)	0.86	0.72	0.47	0.22
Pre-tax profit	30.13	22.28	17.58	15.78
Income taxes	-9.78	-7.34	-5.44	-4.73
Net earnings	20.35	14.94	12.14	11.05

	2011	2012	2013	2014
Development expenditure	2.23	3.05	3.41	2.78
Intangible rights	0.86	0.68	1.21	1.00
Goodwill	0.22	0.67	2.78	2.48
Intangible assets total	3.32	4.39	7.40	6.26
Land and waters	67.51	67.80	67.59	70.45
Buildings	13.10	12.00	14.04	18.24
Machinery and equipment	8.93	11.18	9.96	12.96
Advance payments and construction in progress	2.73	1.74	8.44	3.46
Tangible assets total	92.27	92.72	100.02	105.11
Participating interests	4.49	4.20	4.23	4.29
Investments total	4.49	4.20	4.23	4.29
Non-curr. owed by particip. interest comp.	1.10	1.07	1.02	0.99
Deferred tax assets	6.06	5.13	3.32	4.62
Long term receivables total	7.15	6.20	4.34	5.61
Semifinished products	7.99	8.50	7.59	7.25
Raw materials and consumables	48.45	51.21	57.84	58.11
Finished products/goods	76.16	72.09	74.49	68.15
Advance payments	0.29		0.68	1.20
Inventories total	132.89	131.80	140.60	134.71
Current trade debtors	95.38	92.67	96.66	100.10
Current amounts owed by group member comp.			0.20
Current owed by particip. interest comp.		0.25
Prepayments and accrued income	6.64	5.40	5.87	4.71
Current other receivables	10.75	7.19	7.95	6.41
Current deferred tax assets	0.17	1.27	0.58	0.20
Short term receivables total	112.93	106.78	111.27	111.42
Other current investments	82.38	72.51	77.08	42.58
Cash and bank deposits	47.63	38.63	37.73	65.92
Cash and cash equivalents	130.00	111.14	114.81	108.50
Balance sheet total (assets)	483.06	457.22	482.67	475.90

	2011	2012	2013	2014
Share capital	0.50	0.50	0.50	0.50
Asset revaluation reserve	29.80	32.53	35.05	41.00
Shares repurchased	20.00			3.00
Other reserves	-53.45	-59.52	-61.40	-64.83
Retained earnings	61.91	68.37	79.19	75.27
Profit of the financial year	20.35	14.94	12.14	11.05
Minority interest (BS)	56.69	62.46	64.37	67.87
Shareholders equity total	135.80	119.28	129.85	133.86
Provisions	3.96	3.44	3.22	4.71
Non-current loans from credit institutions	59.63	52.92	45.78	38.57
Non-current leasing loans			6.71	7.16
Non-current advances received	0.47	0.35	0.22	0.31
Non-current other liabilities			6.71	7.16
Non-current deferred tax liabilities	1.47	0.87	0.47	0.23
Non-current liabilities total	61.57	54.15	59.90	53.42
Current loans from credit institutions	97.83	91.22	106.89	91.86
Advances received	12.87	19.15	16.31	22.78
Current trade creditors	57.48	53.18	59.56	55.73
Current owed to participating				0.60
Short-term deferred tax liabilities	8.45	5.39	3.02	2.63
Other non-interest bearing current liabilities	48.41	48.94	46.26	49.59
Current liabilities total	225.04	217.88	232.05	223.19
Balance sheet total (liabilities)	426.37	394.76	425.01	415.19

CreditReports API