HELLE AUTO HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 70644517

Christian 8.s Vej 37, 8600 Silkeborg

hh.hellehollis@gmail.com

tel: 40436466

Income statement (mDKK)

	2011	2012	2013	2014	2015
Fiscal period length	12	12	12	12	12
Net sales	245.98	235.93	197.22	146.30	41.97
Other operating income	3.06	5.24	5.83	4.79	1.46
Costs of manufacturing	- 218.50	- 206.83	- 170.37	- 123.13	-21.83
Gross profit	27.48	29.10	26.85	23.17	20.15
Costs of management	-8.40	-7.80	-7.77	-8.10	-6.49
Costs of distribution	-16.29	-15.67	-15.76	-15.69	-6.96
Other operating expenses	-0.10	-0.20	-0.13	-0.13	-0.06
Total depreciation		-1.84	-1.41	-1.44	-11.66
EBIT	5.76	10.67	9.02	4.05	8.10
Other financial income	0.07	0.14	0.43	0.63	0.28
Other financial expenses	-9.22	-10.70	-11.19	-7.54	-4.79
Net income from associates (fin.)	4.91	-2.98	-5.53	-9.98
Pre-tax profit	1.65	-2.67	-7.21	-8.78	3 900.57
Income taxes	-0.17	-1.11	-0.74	-1.56	-2.20
Profit/loss from discontinued operations				-3.90	-3 902.18
Net earnings	1.48	-3.79	-7.95	-14.23	-3.81

	2011	2012	2013	2014	2015
Intangible assets total
Land and waters	123.40	122.49	121.52	135.15	134.25
Machinery and equipment	2.66	1.72	1.27	1.20	40.22
Tangible assets total	126.06	124.21	122.79	136.35	174.47
Participating interests	25.00	6.50	4.59	2.45
Investments total	25.00	6.50	4.59	2.45
Non-curr. owed by particip. interest comp.		2.75	3.83	3.83
Non-current other receivables	1.27	1.27	1.27	0.92	4.74
Long term receivables total	1.27	4.02	5.10	4.74	4.74
Semifinished products	23.36	25.54	25.56
Finished products/goods	103.28	105.76	86.13	94.85	0.12
Inventories total	126.64	131.31	111.69	94.85	0.12
Current trade debtors	7.19	13.00	15.10	6.34	2.60
Current owed by particip. interest comp.				2.50
Prepayments and accrued income	1.27	1.07	0.90	1.16	4.85
Current other receivables	1.62	6.89	7.01	10.25	44.54
Current deferred tax assets	0.03			0.76	1.78
Short term receivables total	10.12	20.95	23.01	21.00	53.76
Other current investments	0.04	0.05	0.08	0.08	0.06
Cash and bank deposits	0.42	0.59	0.49	0.77	7.01
Cash and cash equivalents	0.46	0.64	0.56	0.86	7.07
Non-current assets for sale					5.08
Balance sheet total (assets)	289.54	287.64	267.74	260.25	245.25

	2011	2012	2013	2014	2015
Share capital	1.10	1.10	1.10	1.10	1.10
Share premium account	0.48	0.48	0.48	0.48
Asset revaluation reserve	71.22	71.22	71.22	87.30	87.30
Other reserves	-0.90	-0.70	-0.64	-0.47
Retained earnings	-28.75	-27.27	-31.06	-39.01	-52.47
Profit of the financial year	1.48	-3.79	-7.95	-14.23	-3.81
Minority interest (BS)	0.90	0.70	0.64	0.47
Shareholders equity total	45.52	41.74	33.79	35.64	32.12
Provisions	28.85	29.46	28.88	27.95	27.84
Non-current loans from credit institutions	49.09	49.09	49.09	58.52	66.92
Non-current other liabilities			4.67	6.67	6.73
Non-current liabilities total	49.09	49.09	53.76	65.19	73.65
Current loans from credit institutions	123.90		2.00		93.03
Current trade creditors	6.93	3.52	12.43	13.48	0.83
Short-term deferred tax liabilities		0.40	0.84	0.92	2.31
Other non-interest bearing current liabilities	31.20	159.36	131.60	111.90	6.25
Accruals and deferred income	3.15	3.38	3.81	4.71	4.92
Liabilities of non-current assets for sale					4.30
Current liabilities total	165.18	166.65	150.68	131.01	111.64
Balance sheet total (liabilities)	288.65	286.94	267.10	259.78	245.25

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