Kg BidCo ApS - CVR: 39147734

2022, DKK

06.07.2023

Bruttoresultat

-47.249'

Primær drift

-54.119'

Årets resultat

-86.871'

Aktiver

168''

Kortfristede aktiver

5.725'

Egenkapital

-387''

Afkastningsgrad

-32 %

Soliditetsgrad

-231 %

Likviditetsgrad

1 %

Resultat

06.07.2023

Årsrapport	2022 06.07.2023	2021 30.06.2022	2020 07.06.2021	2019 31.08.2020	2017 25.06.2019
Nettoomsætning	0	0	0	0
Bruttoresultat	-47.249.000	-22.506.000	-46.086.000	-39.266.000	0
Resultat af primær drift	-54.119.000	-29.431.000	-56.902.000	-49.791.000	320.131.000
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0	0
Finansielle indtægter	702.000	245.000	758.000	0	1.000
Finansieringsomkostninger	-33.454.000	-28.504.000	-24.652.000	-36.529.000	-30.406.000
Andre finansielle omkostninger	0	0	0	0	0
Resultat før skat	-86.871.000	-57.690.000	-80.796.000	-86.320.000	-743.495.000
Resultat	-86.871.000	-57.150.000	-80.306.000	-85.971.000	-743.495.000
Forslag til udbytte	0	0	0	0	0

Aktiver

06.07.2023

Årsrapport	2022 06.07.2023	2021 30.06.2022	2020 07.06.2021	2019 31.08.2020	2017 25.06.2019
Kortfristede varebeholdninger	0	0	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	5.725.000	1.502.000	1.335.000	3.260.000	409.618.000
Likvider	0	15.000	181.000	11.000	50.000
Kortfristede aktiver	5.725.000	1.517.000	1.516.000	3.271.000	409.668.000
Immaterielle aktiver og goodwill	0	0	0	0	0
Finansielle anlægsaktiver	162.131.000	134.374.000	134.374.000	134.374.000	0
Materielle aktiver	0	0	0	0	0
Langfristede aktiver	162.131.000	134.374.000	134.374.000	134.374.000	0
Aktiver	167.856.000	135.891.000	135.890.000	137.645.000	409.668.000

Aktiver

06.07.2023

Passiver

06.07.2023

Årsrapport	2022 06.07.2023	2021 30.06.2022	2020 07.06.2021	2019 31.08.2020	2017 25.06.2019
Forslag til udbytte	0	0	0	0	0
Egenkapital	-386.963.000	-327.948.000	-270.798.000	-190.492.000	-104.522.000
Hensatte forpligtelser	0	0	0	0	0
Langfristet gæld til banker	40.015.000	39.995.000	39.707.000	39.579.000	344.596.000
Anden langfristet gæld	0	0	0	0	0
Leverandører af varer og tjenesteydelser	28.001.000	9.769.000	16.270.000	17.226.000	17.136.000
Kortfristede forpligtelser	514.804.000	423.844.000	366.981.000	288.558.000	169.594.000
Gældsforpligtelser	554.819.000	463.839.000	406.688.000	328.137.000	514.190.000
Forpligtelser	554.819.000	463.839.000	406.688.000	328.137.000	514.190.000
Passiver	167.856.000	135.891.000	135.890.000	137.645.000	409.668.000

Passiver

06.07.2023

Nøgletal

06.07.2023

Årsrapport	2022 06.07.2023	2021 30.06.2022	2020 07.06.2021	2019 31.08.2020	2017 25.06.2019
Afkastningsgrad	-32,2 %	-21,7 %	-41,9 %	-36,2 %	78,1 %
Dækningsgrad	Na.	Na.	Na.	Na.	Na.
Resultatgrad	Na.	Na.	Na.	Na.	Na.
Varelagerets omsætningshastighed	Na.	Na.	Na.	Na.	Na.
Egenkapitals-forretning	22,4 %	17,4 %	29,7 %	45,1 %	711,3 %
Payout-ratio	Na.	Na.	Na.	Na.	Na.
Gældsdæknings-nøgletal	-161,8 %	-103,3 %	-230,8 %	-136,3 %	1.052,9 %
Soliditestgrad	-230,5 %	-241,3 %	-199,3 %	-138,4 %	-25,5 %
Likviditetsgrad	1,1 %	0,4 %	0,4 %	1,1 %	241,6 %

Resultat

06.07.2023

Gæld

06.07.2023

Årsrapport

06.07.2023

Nyeste:01.01.2022- 31.12.2022(offentliggjort: 06.07.2023)

Information om virksomhedens regnskabsklasse:The annual report of Kg BidCo ApS for 2022 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to large reporting class C entities.

Oplysning om eventualaktiver:Kg BidCo ApS was in June 2020 awarded E 87 million (c. DKK 648 million) by the International arbitral tribunal in Denmark. The international arbitral tribunal ruled in accordance with Kg BidCo ApS’ claims of fraud and willful misconduct and sanctioned the seller Green Magnum S. A. to pay E87 million in compensation to Kg BidCo ApS. The tribunal ruled that Green Magnum S. A. in January 2018 sold Gram Equipment A/S (and GEH Invest ApS), based on fraudulent financial reporting and therefore was liable to pay damages to Kg BidCo ApS. The ruling is final and cannot be appealed. However, due to the uncertainties, the receivable is not recognized in the Financial statements as the counterpart failed to pay the award in due time on the due date of 7 July 2020. Kg BidCo ApS have and will continue to pursue any legal steps against the parties associated with Green Magnum S. A. in order to collect the awarded compensation of EUR 87 million arising from fraud and willful misconduct.

Beretning

06.07.2023

Dato for ledelsens godkendelse af årsrapporten:2023-07-04

Beskrivelse af usædvanlige forhold, der kan have påvirket indregningen eller målingen:Kg BidCo ApS was in June 2020 awarded E 87 million (c. DKK 648 million) by the International arbitraltribunal in Denmark. The international arbitral tribunal ruled in accordance with Kg BidCo ApS’ claims of fraud and willful misconduct and sanctioned the seller, Green Magnum S. A (Luxembourg), to pay a total amount of E87 million in compensation to Kg BidCo ApS. The tribunal ruled that Green Magnum S. A. in January 2018 sold Gram Equipment A/S (and GEH Invest ApS), based on fraudulent financial reporting and therefore was liable to pay damages to Kg BidCo ApS. The ruling is final and cannot be appealed. Procuritas has, on behalf of Green Magnum S. A, stated that Green Magnum S. A. currently has limited financial means, why they expect that Kg BidCo ApS de facto will not receive any cash payout from Green Magnum S. A. Kg BidCo ApS will pursue any legal steps against the parties associated with Green Magnum S. A. in order to collect the awarded compensation of EUR 87 million arising from the fraud and willful misconduct. Due the uncertainties of the awarded compensation, none of the awarded amounts are reflected as receivables in the Financial Statements for Kg BidCo ApS, please refer to Note 18 “Contingent assets”. The Comnpany and Group had significantly legal expenses related to the case during the year.

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Kg BidCo ApS for the financial year 1 January - 31 December 2022.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Kg BidCo ApS subsidiary "Gram Equipment" is an engineering company that designs, assembles, and installs equipment and production lines, as well as spare parts and services to the global ice cream industry. Following the significant operational turnaround work and capital investments made in 2018-2022, we saw continued positive development in 2022 as envisaged in the revised business plan that was implemented when the new owners and new top management took over the leadership of the Group in 2018. Revenue developed positively in 2022 because of a strong 2021 order intake on the back of the COVID-19 pandemic, which boosted investments in segments of the market, especially the take-home segment, where Gram Equipment has its core business. However, the global supply chain crisis and associated component shortages, price increases, and high inflation during 2022 impacted margins and cash flows negatively. As a result, EBITDA was flat compared to 2021, however still in line with expectations as communicated in the 2021 Annual report. The supply chain crises also resulted in additional re-planning of assembly and deliveries to mitigate delays best possible, given the situation, which had a negative impact on our efficiency and hence our margins. In the coming years, our key focus will be to secure stable supplies of raw materials, including components, to support the business. The mission of Gram Equipment is - driven by continuous improvements – to be a leader in innovation and to be globally recognized as the premium supplier of sustainable commercial solutions within the ice cream industry: We are dedicated to promoting business integrity, ensuring safety and workplace standards, and making all people feel respected. War in Ukraine In February 2022, Russia started an invasion of Ukraine. We are deeply concerned by the situation in Ukraine and our thoughts are with all the people living through this disaster. Following the invasion, we took action to ensure the safety of all our employees, working, living, and travelling in the region. Furthermore, we worked closely together with a supplier based in Ukraine to help them and their employees. Shortly after the invasion, Gram Equipment decided to suspend the acceptance of new orders for projects in Russia and Belarus. Later in year it was decided to close our office in Russia, which will be executed during 2023. COVID-19 During 2022 we saw the impact from the global COVID-19 pandemic continued to have an impact on our business in the beginning of the year due to travel restrictions in some parts of our business. In other parts of our organization, we are back to “normal” prior COVID-19 business, but with some procedures remaining in place, e. g. increased work from home possibilities when feasible. The residing COVID-19 pandemic have also seen our costs returning to pre-COVID-19 level impacting our financial result negatively.