Papirfabrikken Invest Balance Sheet

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	164.67	69.14	50.8	2.8	2.87
Short-Term Investments	-	0.04	0.04	0.04	-
Cash & Short-Term Investments	164.67	69.18	50.84	2.85	2.87
Cash Growth	138.02%	36.08%	1686.89%	-0.80%	89.81%
Accounts Receivable	1.96	35.45	32.91	8.16	19.43
Other Receivables	58.07	3.47	4.05	6.65	4.62
Receivables	60.02	38.92	36.97	14.81	24.04
Inventory	0.33	0.38	0.32	0.27	0.37
Prepaid Expenses	0.4	-	-	-	-
Total Current Assets	225.42	108.48	88.12	17.93	27.29
Property, Plant & Equipment	82.09	615.82	609.67	590.47	588.33
Long-Term Investments	40.51	-	-	-	-
Other Intangible Assets	-	7.12	7.99	3.86	3.63
Other Long-Term Assets	509.9	0.01	0.01	0.04	0.04
Total Assets	857.91	731.43	705.79	612.3	619.3
Accounts Payable	3.18	5.51	7.92	3.04	4.3
Accrued Expenses	-	11.85	11.49	9.86	14.7
Short-Term Debt	13.06	0.45	-	29.81	33.19
Current Portion of Long-Term Debt	-	3.29	4.4	3.41	3.48
Current Portion of Leases	-	0.16	0.16	0.77	3.01
Current Income Taxes Payable	-	0.32	1.42	-	0.51
Current Unearned Revenue	0.36	5.79	6.06	5.95	7.3
Other Current Liabilities	7.96	-	-	-	-
Total Current Liabilities	24.56	27.37	31.43	52.84	66.49
Long-Term Debt	310.06	301.17	303.26	277.86	281.21
Long-Term Leases	-	4.25	4.41	4.98	7.21
Long-Term Unearned Revenue	-	23.72	26.89	30.31	33.33
Long-Term Deferred Tax Liabilities	27.22	23.46	21.44	8.87	5.48
Other Long-Term Liabilities	3.43	2.85	2.56	4.55	3.61
Total Liabilities	365.27	382.81	389.99	379.41	397.33
Common Stock	99.02	99.02	99.02	99.02	99.02
Additional Paid-In Capital	77.02	77.02	77.02	77.02	77.02
Retained Earnings	316.61	172.58	139.76	56.85	46.15
Treasury Stock	-	-	-	-	-0.22
Shareholders' Equity	492.64	348.62	315.79	232.88	221.97
Total Liabilities & Equity	857.91	731.43	705.79	612.3	619.3
Total Debt	323.12	309.32	312.22	316.84	328.09
Net Cash (Debt)	-158.45	-240.14	-261.38	-313.99	-325.22
Net Cash Per Share	-	-24.25	-26.40	-31.71	-32.85
Filing Date Shares Outstanding	-	9.9	9.9	9.9	9.87
Total Common Shares Outstanding	-	9.9	9.9	9.9	9.87
Working Capital	200.86	81.12	56.69	-34.91	-39.21
Book Value Per Share	-	35.21	31.89	23.52	22.48
Tangible Book Value	492.64	341.5	307.81	229.03	218.34
Tangible Book Value Per Share	-	34.49	31.09	23.13	22.12
Land	-	79.51	76.97	76.97	76.97
Machinery	-	29.45	30.04	25.49	27.01
Leasehold Improvements	-	89.81	89.01	86.05	86.26

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.