| Income statement |
| DKK million |
1999
|
2000
|
2001
|
2002
|
2003
|
| Net revenue |
470
|
600
|
870
|
900
|
950
|
| Production costs |
410
|
523
|
759
|
785
|
828
|
| Gross profit |
60
|
77
|
111
|
115
|
122
|
| Distribution costs |
9
|
12
|
17
|
18
|
19
|
| Administrative expenses |
11
|
18
|
26
|
27
|
29
|
| Capacity costs, total |
20
|
30
|
43
|
45
|
48
|
| Profit before financial items |
40
|
47
|
68
|
70
|
74
|
| Financial income |
2
|
2
|
6
|
4
|
4
|
| Financial expenses |
3
|
4
|
4
|
5
|
6
|
| Financial items |
-1
|
-2
|
2
|
-1
|
-2
|
| Profit after financial items |
39
|
45
|
70
|
69
|
72
|
| Profit before tax |
39
|
45
|
70
|
69
|
72
|
| Income taxes |
9
|
14
|
24
|
24
|
25
|
| Profit for the year |
30
|
31
|
46
|
45
|
47
|
| Tax percentage |
24%
|
30%
|
34%
|
34%
|
34%
|
| |
| Balance sheet |
| Assets DKK million |
1999
|
2000
|
2001
|
2002
|
2003
|
| Goodwill |
3
|
3
|
2
|
2
|
1
|
| Development projects |
1
|
5
|
0
|
0
|
5
|
| Intangible assets |
4
|
8
|
2
|
2
|
6
|
| Land and buildings |
29
|
28
|
27
|
26
|
25
|
| Plant and machinery |
19
|
25
|
30
|
32
|
30
|
| Other fixtures and fittings, tools and equipment |
43
|
40
|
56
|
67
|
70
|
| Property, plant and equipment* |
91
|
93
|
113
|
125
|
125
|
| Securities |
8
|
17
|
20
|
42
|
33
|
| Investments |
8
|
17
|
20
|
42
|
33
|
| Fixed assets |
103
|
118
|
135
|
169
|
164
|
| Inventory |
75
|
96
|
139
|
144
|
152
|
| Trade receivables |
50
|
64
|
70
|
80
|
90
|
| Other amounts receivable |
10
|
12
|
15
|
14
|
19
|
| Amounts receivable |
60
|
76
|
85
|
94
|
109
|
| Cash |
5
|
6
|
6
|
2
|
15
|
| Current assets |
140
|
178
|
230
|
240
|
276
|
| Total assets |
243
|
296
|
365
|
409
|
440
|
| |
| Liabilities and equity DKK million |
1999
|
2000
|
2001
|
2002
|
2003
|
| Share capital |
10
|
10
|
10
|
10
|
10
|
| Retained earnings from previous years |
62
|
87
|
113
|
154
|
194
|
| Retained earnings |
30
|
31
|
46
|
45
|
47
|
| Dividend distributed for the year |
5
|
5
|
5
|
5
|
5
|
| Equity capital |
97
|
123
|
164
|
204
|
246
|
| Deferred tax |
12
|
10
|
12
|
13
|
15
|
| Provisions |
20
|
21
|
15
|
19
|
20
|
| Total provisions and deferred tax |
32
|
31
|
27
|
32
|
35
|
| Debt to mortgage-credit institutions |
23
|
21
|
19
|
17
|
15
|
| Long-term liabilities other than provisions |
23
|
21
|
19
|
17
|
15
|
Short-term part of long-term liabilities
other than provisions |
2
|
2
|
2
|
2
|
2
|
| Bank loans |
15
|
14
|
17
|
15
|
17
|
| Trade payables |
40
|
61
|
101
|
89
|
73
|
| Corporation tax |
4
|
9
|
13
|
24
|
23
|
| Other payables |
30
|
35
|
22
|
26
|
29
|
| Short-term liabilities other than provisions |
91
|
121
|
155
|
156
|
144
|
Liabilities other than provisions
(short- and long-term) |
114
|
142
|
174
|
173
|
159
|
| Liabilities and equity, total |
243
|
296
|
365
|
409
|
440
|
*Annual depreciation on property,
plant and equipment |
10% |