TOP-TOY A/S - CVR: 10839238

2017, DKK

05.12.2018

Bruttoresultat

150''

Primær drift

-479''

Årets resultat

-497''

Aktiver

1.189''

Kortfristede aktiver

816''

Egenkapital

-65.200'

Afkastningsgrad

-40 %

Soliditetsgrad

-5 %

Likviditetsgrad

66 %

Resultat

05.12.2018

Årsrapport	2017 05.12.2018	2016 05.12.2017	2015 28.10.2016
Nettoomsætning	2.710.700.000	3.001.700.000	3.214.790.000
Bruttoresultat	150.100.000	498.400.000	541.601.000
Resultat af primær drift	-479.400.000	-58.000.000	-7.135.000
Indtægter af kapitalandele (tilknyttede og associerede)	15.700.000	29.700.000	0
Finansielle indtægter	55.200.000	17.200.000	6.298.000
Finansieringsomkostninger	-44.000.000	-19.200.000	-8.546.000
Andre finansielle omkostninger	0	0	-8.546.000
Resultat før skat	-452.500.000	-30.300.000	5.416.000
Resultat	-496.600.000	-17.700.000	6.610.000
Forslag til udbytte	0	-64.000.000	0

Aktiver

05.12.2018

Årsrapport	2017 05.12.2018	2016 05.12.2017	2015 28.10.2016
Kortfristede varebeholdninger	529.800.000	744.100.000	705.162.000
Kortfristede tilgodehavender fra salg og tjenesteydelser	246.900.000	261.200.000	123.868.000
Likvider	39.300.000	32.700.000	28.515.000
Kortfristede aktiver	816.100.000	1.038.000.000	857.545.000
Immaterielle aktiver og goodwill	170.000.000	190.100.000	114.008.000
Finansielle anlægsaktiver	89.600.000	237.800.000	357.541.000
Materielle aktiver	113.200.000	120.400.000	140.188.000
Langfristede aktiver	372.800.000	548.300.000	611.737.000
Aktiver	1.188.900.000	1.586.300.000	1.469.282.000

Aktiver

05.12.2018

Passiver

05.12.2018

Årsrapport	2017 05.12.2018	2016 05.12.2017	2015 28.10.2016
Forslag til udbytte	0	64.000.000	0
Egenkapital	-65.200.000	332.500.000	450.905.000
Hensatte forpligtelser	15.400.000	18.100.000	15.108.000
Langfristet gæld til banker	0	0	0
Anden langfristet gæld	0	0	0
Leverandører af varer og tjenesteydelser	194.100.000	193.900.000	153.560.000
Kortfristede forpligtelser	1.238.800.000	1.235.700.000	1.003.269.000
Gældsforpligtelser	1.238.800.000	1.235.700.000	1.003.269.000
Forpligtelser	1.238.800.000	1.235.700.000	1.003.269.000
Passiver	1.188.900.000	1.586.300.000	1.469.282.000

Passiver

05.12.2018

Nøgletal

05.12.2018

Årsrapport	2017 05.12.2018	2016 05.12.2017	2015 28.10.2016
Afkastningsgrad	-40,3 %	-3,7 %	-0,5 %
Dækningsgrad	5,5 %	16,6 %	16,8 %
Resultatgrad	-18,3 %	-0,6 %	0,2 %
Varelagerets omsætningshastighed	5,1	4,0	4,6
Egenkapitals-forretning	761,7 %	-5,3 %	1,5 %
Payout-ratio	Na.	-361,6 %	Na.
Gældsdæknings-nøgletal	-1.089,5 %	-302,1 %	-83,5 %
Soliditestgrad	-5,5 %	21,0 %	30,7 %
Likviditetsgrad	65,9 %	84,0 %	85,5 %

Resultat

05.12.2018

Gæld

05.12.2018

Årsrapport

05.12.2018

Nyeste:01.07.2017- 30.06.2018(offentliggjort: 05.12.2018)

Oplysning om pantsætninger og sikkerhedsstillelser:Collaterals, contingencies etc.The Company has entered into a royalty agreements which end in the beginning of 2028 with further option of 5 years. Theminimum royalty payment over the period in the agreement amounts to DKK 168.7 million (2016/17: DKK 185.0 million).The Company has guaranteed lease agreements in subsidiaries amounting to DKK 37 million (2016/17: DKK 38 million).The Company has entered into rent agreements with an lease payment of DKK 287 million (2016/17DKK 308 million). The remaining term of the rents is up to 19 years and the total rent obligation amounts to DKK1,301 million (2016/17: DKK 1,333 million).The Company has entered into operational leasing agreements with an lease payment of DKK 4 million2016/17: DKK 2 million). The remaining term of the rents is up to 7 years and the total leasing obligationamounts to DKK 79 million (2016/17: DKK 5 million). The Group is party in a number of pending tax audits.In Management's opinion, apart from the receivables and payables recognised in the balance sheet at 30 June 2018, theoutcome of these tax audits is not expected to have further effect on the group's financial position.The Company is jointly taxed with TOP-TOY Holding II A/S as administration company and its Danish subsidiaries inTOP-TOY Holding II Group. The Company has joint and several unlimited liability for Danish corporation taxes andwithholding taxes on dividends, interest and royalties in the joint taxation unit with other Danish companies.At 30 June 2018, the net taxes payable to SKAT by the companies included in the joint taxation amounted toDKK 0 thousand. Any subsequent corrections of the taxable income subject to joint taxation or withholdingtaxes on dividends, etc., may entail that the companies' liability will increase.The Company has issued bank guarantees for 12.7 mDKK related to leasehold rights.The Company has execured a share pledge over its shares in significant subsidiaries.The Company has provided pledges in the form of floating charges of DKK 1,278.0 million for the Group's banks.The floating charges include all properties, plant and equipment, group and trade receivables and inventories.The book value of pledged assets amounts to DKK 658.5 million. Further for the subsidiary in Norway floatingcharges of DKK 2,000.0 million include all intangible assets, properties, plant and equipment, group and trade receivablesand inventories are pledged. The book value of pledged assets in the subsidiaries amounts to DKK 196.9 million.

Beretning

05.12.2018

Dato for ledelsens godkendelse af årsrapporten:2018-11-30

Ledelsespåtegning:STATEMENT BY MANAGEMENT ON THE ANNUAL REPORT

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:Today, the Board of Directors and the Executive Board have discussed the annual report of TOP-TOY A/S in reconstruction, including going concern and approved the annual report of the Company for the financial year 1 July 2017 – 30 June 2018.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Principal activitiesTOP-TOY is selling toys and other children’s products. TOP-TOY A/S in reconstruction sells toys in Denmark, through branches in Sweden and Finland, and through subsidiaries in Norway, Iceland and Germany. The retail business operates through the BR and TOYS”R”US retail chains.