C-bed III ApS
Key figures
- Return on assets
- 5.8%
- Return on equity
- 5.9%
- Current ratio
- 654.2%
- Equity ratio
- 97%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 50,944,168 |
Operating profit | 15,634,963 |
Finance income | 386,982 |
Tax expense | 503,416 |
Profit/loss for the year | 15,432,252 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 55 |
Personnel costs | 18,076,289 DKK |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 98,777 |
Current assets | 52,167,499 |
Non-current assets | 216,967,171 |
Total assets | 269,134,670 |
Equity | 261,160,158 |
Liabilities | 7,974,512 |
Current liabilities | 7,974,512 |
Working capital
| Reporting period | |
|---|---|
Inventories | 642,543 |
Trade receivables | 2,593,221 |
Other current receivables | 170,678 |
Trade payables | 7,488,902 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 80,000 |
Retained earnings | 226,080,158 |
Proposed dividend recognised in equity | 35,000,000 |
Investments and assets
| Reporting period | |
|---|---|
Property, plant and equipment | 216,967,171 |
Annual report highlights
Business and development
The main activity of the Company is owning and chartering of the Service Operation Vessel 'Wind Creation' to the offshore wind industry.
Development in activities and finances
The result for the year shows a profit of DKK 15,432,252 against a profit of DKK 16,002,673 last year. The result for the year is considered satisfactory.
Risks and material matters
The vessel has been assessed for impairment, which has not resulted in any impairment indicators.
No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.
Commitments and security
The Entity participates in a Danish joint taxation arrangement where Endeavour Invest 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, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend 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.
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