NORDIC HOUSEWARE GROUP A/S
Key figures
- Return on assets
- -1.3%
- Return on equity
- -0.4%
- Current ratio
- 110.6%
- Equity ratio
- 26.1%
Profit and loss
| Reporting period | |
|---|---|
Revenue | 358,643,000 |
Gross profit | 29,135,000 |
Operating profit | -5,625,000 |
Finance income | 8,030,000 |
Tax expense | -1,989,000 |
Profit/loss for the year | -440,000 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 17 |
Personnel costs | 20,138,000 DKK |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 26,511,000 |
Current assets | 272,120,000 |
Non-current assets | 150,518,000 |
Total assets | 422,638,000 |
Equity | 110,350,000 |
Liabilities | 312,288,000 |
Current liabilities | 246,113,000 |
Working capital
| Reporting period | |
|---|---|
Inventories | 35,809,000 |
Trade receivables | 30,201,000 |
Other current receivables | 13,316,000 |
Trade payables | 63,346,000 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 500,000 |
Retained earnings | 31,097,000 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 95,324,000 |
Property, plant and equipment | 42,425,000 |
Annual report highlights
Commitments and security
The Company participates in a Danish joint taxation arrangement in which APF Gruppen Holding A/S serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Company is liable for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The total known net liability of the jointly taxed entities under the joint taxation arrangement is evident from the administration company’s financial statements.
17 Assets charged and collateral
The group is joint and severally liable for its loan from Nykredit Bank for the total of DKK 161,856k. Investments in subsidiaries pledge as security for bank debt. Bank loans are secured by way of a deposited mortgage deed registered to the mortgagor on trade receivables, property, plant and equipment, inventories, intangible assets and investments in subsidiaries of DKK 97,749k nominal. The book value of the mortaged assets is DKK 188,233k.
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