Balance Sheet

Current Liabilities	258.9m
Accounts Payable	116.2m
Other Current Liabilities	142.7m
Non-Current Liabilities	335.3m
Long-Term Debt	315.3m
Other Non-Current Liabilities	20m

Currency: EUR

	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022
Assets
Cash & Cash Equivalents	21	29	41	16	19	13	15	23
Cash	21	29	41	16	19	13	15	23
Total Receivables	343	375	220	214	197	181	207	206
Accounts Receivables	160	176	191	188	166	154	174	167
Other Receivables	183	199	29	27	30	27	33	39
Inventory	188	173	183	173	173	149	220	220
Other Current Assets	6	7	7	13	9	0	0	0
Total Current Assets	558	584	450	416	398	344	442	449
PP&E Net	58	62	58	55	106	109	100	103
PP&E Gross	58	62	58	55	106	109	100	103
Accumulated Depreciation	117	120	127	131	149	171	198	214
Intangible Assets	110	118	114	113	119	91	80	74
Goodwill	172	179	164	168	169	166	169	170
Note Receivable	0	0	0	0	0	0	2	2
Long-Term Investments	23	24	27	22	24	34	32	45
Other Long-Term Assets	15	16	14	21	25	21	16	21
Other Assets	172	179	164	168	169	166	169	170
Total Assets	936 N/A	983 +5%	827 -16%	794 -4%	840 +6%	764 -9%	841 +10%	863 +3%
Liabilities
Accounts Payable	0	0	118	114	112	100	136	113
Short-Term Debt	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	298	279	8	8	29	128	28	25
Other Current Liabilities	219	249	134	126	115	112	123	119
Total Current Liabilities	517	528	259	247	256	340	287	257
Long-Term Debt	182	192	397	382	409	272	328	325
Deferred Income Tax	22	24	20	9	7	7	6	7
Minority Interest	1	0	0	0	0	0	0	0
Other Liabilities	14	16	13	8	10	10	13	13
Total Liabilities	736 N/A	758 +3%	690 -9%	647 -6%	682 +5%	629 -8%	634 +1%	603 -5%
Equity
Common Stock	67	67	73	73	73	73	73	73
Retained Earnings	128	156	75	75	81	78	132	173
Other Equity	5	2	11	0	4	16	3	15
Total Equity	200 N/A	225 +13%	138 -39%	148 +7%	158 +7%	135 -15%	208 +54%	261 +26%
Total Liabilities & Equity	936 N/A	983 +5%	827 -16%	794 -4%	840 +6%	764 -9%	841 +10%	863 +3%
Shares Outstanding
Common Shares Outstanding	27	27	27	27	27	27	27	27

Nilfisk Holding A/S
OTC:NLFKF