PolyTech Test & Validation A/S
Key figures
- Return on assets
- 4%
- Return on equity
- 15.7%
- Current ratio
- 14.2%
- Equity ratio
- 11.4%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 1,934,000 |
Operating profit | 296,000 |
Finance income | 20,000 |
Tax expense | 19,000 |
Profit/loss for the year | 132,000 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 14 |
Personnel costs | 936,000 EUR |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 330,000 |
Current assets | 888,000 |
Non-current assets | 6,485,000 |
Total assets | 7,373,000 |
Equity | 843,000 |
Liabilities | 6,530,000 |
Current liabilities | 6,256,000 |
Working capital
| Reporting period | |
|---|---|
Inventories | 0 |
Trade receivables | 154,000 |
Other current receivables | 15,000 |
Trade payables | 56,000 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 67,000 |
Retained earnings | 776,000 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 1,304,000 |
Property, plant and equipment | 4,731,000 |
Annual report highlights
Business and development
The objective of the Company is to carry on business within the fields of testing, validation and inspection of polymeric and metal products and any associated equipment and tools as well as any other activities that the board of Directors deems ancillary or related hereto.
Development in activities and financesProfit for the year amounts to EUR 132k (EUR 326k in 2020). On 31 December 2021 equity stands at EUR 843k (EUR 711k in 2020).
The company expect lower demand within all market segments and result for 2022 will be lower than 2021 result.
Risks and material matters
The COVID-19 pandemic throughout the world can potentially have an influence on the business of PolyTech Test
& Validation A/S in 2022. The spread of COVID-19 has not materially impacted PolyTech Test & Validation A/S’s…
Commitments and security
The Entity participates in a Danish joint taxation arrangement where VC VII Jupiter Holding ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities, The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.
13 Assets charged and collateralCollateral provided for group enterprisesThe entity has secured its parent company's commitment with GLAS Trust Corporation Limited through a
registered company charge of EUR 24,500k nominal. The registered company charge includes property, plant and…
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