IC Companys â Annual Report 2008/09 0 - IC Companys A/S

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Profit Parent Company Note DKK million 2008/09 2007/08 3 Revenue 1,550.1 1,695.7 Cost of sales (1,284.2) (1,292.1) Gross profit 265.9 403.6 4 Staff costs (243.6) (270.9) 11 Depreciation, amortisation and writedown of fixed assets (31.8) (20.8) 5 Other operating income 69.0 73.8 6 Other operating costs (153.8) (168.6) 7 Other gains and losses 10.3 - Operating profit (84.0) 17.1 12 Income from investments in subsidiary undertakings 10.6 22.1 8 Financial income 104.9 63.6 8 Financial expenses (125.1) (67.6) Profit before tax (93.6) 35.2 9 Income tax for the year 27.0 0.7 Profit for the year (66.6) 35.9 Profit allocation 10 Proposed dividend - 66.1 Retained earnings (66.6) (30.2) Profit for the year (66.6) 35.9 IC Companys – Årsrapport 2008/09 75
Balance sheet ASSETS Parent Company Note DKK million 30.06.2009 30.06.2008 NON-CURRENT ASSETS Software and IT systems 21.1 30.0 Trademark rights 0.1 0.2 IT systems under construction - 1.0 11 Intangible assets 21.2 31.2 Leasehold improvements 4.0 5.2 Equipment and furniture 23.7 35.4 Property, plant and equipment under construction 4.7 - 11 Property, plant and equipment 32.4 40.6 12 Equity interests in subsidiaries 441.6 457.3 13 Receivables from subsidiary undertakings 759.6 862.3 13 Deposits, etc. 11.1 3.0 14 Deferred tax assets 48.4 59.5 Other non-current assets 1,260.7 1,382.1 Total non-current assets 1,314.3 1,453.9 CURRENT ASSETS 15 Inventories 353.3 408.7 16 Trade receivables 25.0 30.2 Receivables from subsidiary undertakings 279.2 310.5 9 Income tax receivable 38.8 32.1 17 Other receivables 37.4 3.9 18 Prepayments 14.0 31.8 26 Cash and cash equivalents 0.1 10.9 Total current assets 747.8 828.1 TOTAL ASSETS 2,062.1 2,282.0 EQUITY AND LIABILITIES Parent Company Note DKK million 30.06.2009 30.06.2008 EQUITY 19 Share capital 169.4 179.2 Reserve for hedging transactions 21.2 (22.1) Retained earnings 414.9 547.3 Total equtiy 605.5 704.4 LIABILITIES 20, 26 Financial institutions 414.6 568.5 21 Trade payables 35.4 70.1 Payables to subsidiary undertakings 896.4 799.3 22 Other debt 110.2 139.7 Current liabilities 1,456.6 1,577.6 Total liabilities 1,456.6 1,577.6 TOTAL EQUITY AND LIABILITIES 2,062.1 2,282.0 23 Operating lease arrangements 24 Other financial liabilities and contingent liabilities 27 Risks and derivative financial instruments 28 Transaction with subsidiaries IC Companys – Årsrapport 2008/09 76
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IC Companys - Annual Report 2008/09
Page 3 and 4:
IC COMPANYS 2008/09 The financial y
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Group financial highlights and key
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From foundation to distribution As
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BRANDS IC Companys operates a portf
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9 FACTS-BASED PRODUCT DEVELOPMENT -
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HISTORY Jackpot began in the early
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TRULY GOOD NEWS To mark our excitin
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By Malene Birger was created in 200
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History Matinique was founded in 19
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Soaked in Luxury is one of the youn
Page 26 and 27: THE SHARED PLATFORM The Group’s s
Page 28 and 29: Incentive-based compensation With t
Page 30 and 31: taking risks, but longevity in term
Page 32 and 33: Communication on progress 2008/09 T
Page 34 and 35: Group capital structure and dividen
Page 36 and 37: Stock Exchange Announcements 2008/0
Page 38 and 39: The development in Norway was gener
Page 40 and 41: Over a number of years, the Group
Page 42 and 43: Post balance sheet events After the
Page 44 and 45: Income statement Note DKK million 2
Page 46 and 47: Movements in equity DKK millions Sh
Page 48 and 49: Notes to the financial statements 1
Page 50 and 51: Share-based incentive plans Share-b
Page 52 and 53: Software and IT development is amor
Page 54 and 55: Cash flow statement The cash flow s
Page 56 and 57: 5. Staff costs DKK million 2008/09
Page 58 and 59: The stock options were issued at an
Page 60 and 61: The expected volatility is based on
Page 62 and 63: 12. The Group’s intangible assets
Page 64 and 65: foreseeable future. The unrecognise
Page 66 and 67: Number Nominal value (kDKK) Share c
Page 68 and 69: 22. Non-current debt to financial i
Page 70 and 71: time limit in pursuance thereof. Th
Page 72 and 73: Neither the Group nor the Parent Co
Page 74 and 75: lion. The Parent Company’s net re
Page 78 and 79: Movements in equity, Parent Company
Page 80 and 81: Notes to the financial statements 1
Page 82 and 83: 8. Financial income and expenses Pa
Page 84 and 85: 13. Other non-current assets DKK mi
Page 86 and 87: Movements in allowance for bad debt
Page 88 and 89: the property Raffinaderivej 10. Rec
Page 90 and 91: Definition of key ratios EBITDA - m
Page 92 and 93: The Independent auditors’ report
Page 94 and 95: Executive Board Niels Mikkelsen Chr
Page 96: IC Companys - Årsrapport 2008/09 9
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IC Companys â Annual Report 2008/09 0 - IC Companys A/S