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DSV Panalpina A/S










Financial Health of Dsv




Comparing to competitors in the Integrated Freight & Logistics industry




  Industry Rankings  


DSV Panalpina A/S
Buy, Hold or Sell?

Should you buy, hold or sell Dsv?

I guess you are interested in DSV Panalpina A/S. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Dsv

Let's start. I'm going to help you getting a better view of DSV Panalpina A/S. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is DSV Panalpina A/S even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how DSV Panalpina A/S is doing in the market. If the company is worth buying. The latest step is to find out how other investors value DSV Panalpina A/S. The closing price on 2022-12-02 was kr1,125 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
DSV Panalpina A/S Daily Candlestick Chart

Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of DSV Panalpina A/S.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Dsv earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Dsv to the Integrated Freight & Logistics industry mean.
  • A Net Profit Margin of 0.0% means that kr0.00 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of DSV Panalpina A/S:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM5.1%-5.1%
TTM5.1%YOY5.9%-0.8%
TTM5.1%5Y4.8%+0.3%
5Y4.8%10Y4.1%+0.7%
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.8%-3.8%
TTM5.1%2.9%+2.2%
YOY5.9%2.6%+3.3%
5Y4.8%2.1%+2.7%
10Y4.1%2.3%+1.8%
1.1.2. Return on Assets

Shows how efficient Dsv is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Dsv to the Integrated Freight & Logistics industry mean.
  • 2.6% Return on Assets means that Dsv generated kr0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of DSV Panalpina A/S:

  • The MRQ is 2.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.6%TTM2.5%+0.0%
TTM2.5%YOY2.0%+0.5%
TTM2.5%5Y2.0%+0.6%
5Y2.0%10Y1.8%+0.2%
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6%1.3%+1.3%
TTM2.5%1.2%+1.3%
YOY2.0%1.0%+1.0%
5Y2.0%0.9%+1.1%
10Y1.8%0.9%+0.9%
1.1.3. Return on Equity

Shows how efficient Dsv is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Dsv to the Integrated Freight & Logistics industry mean.
  • 5.6% Return on Equity means Dsv generated kr0.06 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of DSV Panalpina A/S:

  • The MRQ is 5.6%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.6%TTM5.5%+0.1%
TTM5.5%YOY4.4%+1.2%
TTM5.5%5Y4.7%+0.8%
5Y4.7%10Y5.3%-0.5%
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ5.6%3.6%+2.0%
TTM5.5%3.3%+2.2%
YOY4.4%2.7%+1.7%
5Y4.7%2.5%+2.2%
10Y5.3%2.6%+2.7%

1.2. Operating Efficiency of DSV Panalpina A/S.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Dsv is operating .

  • Measures how much profit Dsv makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Dsv to the Integrated Freight & Logistics industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of DSV Panalpina A/S:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM7.7%-7.7%
TTM7.7%YOY9.0%-1.3%
TTM7.7%5Y7.3%+0.3%
5Y7.3%10Y4.8%+2.5%
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.2%-4.2%
TTM7.7%3.9%+3.8%
YOY9.0%3.3%+5.7%
5Y7.3%3.6%+3.7%
10Y4.8%2.5%+2.3%
1.2.2. Operating Ratio

Measures how efficient Dsv is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Integrated Freight & Logistics industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are kr0.00 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of DSV Panalpina A/S:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.867-0.867
TTM0.867YOY0.910-0.043
TTM0.8675Y0.912-0.045
5Y0.91210Y0.927-0.015
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.701-1.701
TTM0.8671.566-0.699
YOY0.9101.397-0.487
5Y0.9121.339-0.427
10Y0.9271.176-0.249

1.3. Liquidity of DSV Panalpina A/S.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Dsv is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Integrated Freight & Logistics industry mean).
  • A Current Ratio of 1.21 means the company has kr1.21 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of DSV Panalpina A/S:

  • The MRQ is 1.205. The company is just able to pay all its short-term debts.
  • The TTM is 1.177. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.205TTM1.177+0.028
TTM1.177YOY1.064+0.113
TTM1.1775Y1.099+0.078
5Y1.09910Y1.097+0.003
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2051.290-0.085
TTM1.1771.270-0.093
YOY1.0641.201-0.137
5Y1.0991.154-0.055
10Y1.0971.068+0.029
1.3.2. Quick Ratio

Measures if Dsv is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Dsv to the Integrated Freight & Logistics industry mean.
  • A Quick Ratio of 0.95 means the company can pay off kr0.95 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of DSV Panalpina A/S:

  • The MRQ is 0.950. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.051. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ0.950TTM1.051-0.102
TTM1.051YOY1.005+0.046
TTM1.0515Y1.000+0.051
5Y1.00010Y1.043-0.043
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9500.835+0.115
TTM1.0510.852+0.199
YOY1.0050.834+0.171
5Y1.0000.784+0.216
10Y1.0430.751+0.292

1.4. Solvency of DSV Panalpina A/S.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Dsv assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Dsv to Integrated Freight & Logistics industry mean.
  • A Debt to Asset Ratio of 0.54 means that Dsv assets are financed with 54.1% credit (debt) and the remaining percentage (100% - 54.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of DSV Panalpina A/S:

  • The MRQ is 0.541. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.543. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.541TTM0.543-0.002
TTM0.543YOY0.537+0.006
TTM0.5435Y0.565-0.022
5Y0.56510Y0.638-0.073
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5410.573-0.032
TTM0.5430.564-0.021
YOY0.5370.562-0.025
5Y0.5650.553+0.012
10Y0.6380.537+0.101
1.4.2. Debt to Equity Ratio

Measures if Dsv is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Dsv to the Integrated Freight & Logistics industry mean.
  • A Debt to Equity ratio of 118.3% means that company has kr1.18 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of DSV Panalpina A/S:

  • The MRQ is 1.183. The company is able to pay all its debts with equity. +1
  • The TTM is 1.191. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.183TTM1.191-0.008
TTM1.191YOY1.161+0.030
TTM1.1915Y1.354-0.163
5Y1.35410Y1.961-0.607
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1831.371-0.188
TTM1.1911.384-0.193
YOY1.1611.277-0.116
5Y1.3541.302+0.052
10Y1.9611.302+0.659

2. Market Valuation of DSV Panalpina A/S

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Dsv generates.

  • Above 15 is considered overpriced but always compare Dsv to the Integrated Freight & Logistics industry mean.
  • A PE ratio of 46.47 means the investor is paying kr46.47 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of DSV Panalpina A/S:

  • The EOD is 58.344. Good. +1
  • The MRQ is 46.468. Good. +1
  • The TTM is 66.113. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD58.344MRQ46.468+11.876
MRQ46.468TTM66.113-19.645
TTM66.113YOY140.921-74.808
TTM66.1135Y143.826-77.713
5Y143.82610Y132.912+10.914
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
EOD58.34437.638+20.706
MRQ46.46841.980+4.488
TTM66.11346.273+19.840
YOY140.92145.576+95.345
5Y143.82659.667+84.159
10Y132.91241.660+91.252
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Dsv.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of DSV Panalpina A/S:

  • The MRQ is -309.084. Very Bad. -2
  • The TTM is 708.737. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ-309.084TTM708.737-1,017.821
TTM708.737YOY126.131+582.606
TTM708.7375Y-429.410+1,138.147
5Y-429.41010Y815.386-1,244.796
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ-309.0840.365-309.449
TTM708.7370.140+708.597
YOY126.1310.257+125.874
5Y-429.4100.072-429.482
10Y815.3860.118+815.268

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Dsv is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Integrated Freight & Logistics industry mean).
  • A PB ratio of 2.59 means the investor is paying kr2.59 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of DSV Panalpina A/S:

  • The EOD is 3.257. Neutral. Compare to industry.
  • The MRQ is 2.594. Good. +1
  • The TTM is 3.469. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD3.257MRQ2.594+0.663
MRQ2.594TTM3.469-0.876
TTM3.469YOY5.867-2.398
TTM3.4695Y5.424-1.955
5Y5.42410Y5.750-0.326
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
EOD3.2571.622+1.635
MRQ2.5941.914+0.680
TTM3.4692.157+1.312
YOY5.8671.879+3.988
5Y5.4241.824+3.600
10Y5.7501.569+4.181
2. Total Gains per Share

2.4. Latest News of DSV Panalpina A/S

Does DSV Panalpina A/S still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from DSV Panalpina A/S to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2022-11-29
09:59
DSV, 1001 - SHARE BUYBACK IN DSV A/SRead
2022-11-29
09:59
DSV, 1001 - SHARE BUYBACK IN DSV A/SRead
2022-11-23
18:05
DSV, 1000 - TRANSACTION IN DSV A/S SHARES MADE BY A MEMBER OF THE EXECUTIVE BOARDRead
2022-11-23
18:05
DSV, 1000 - TRANSACTION IN DSV A/S SHARES MADE BY A MEMBER OF THE EXECUTIVE BOARDRead
2022-11-22
13:33
DSV, 999 - SHARE BUYBACK IN DSV A/SRead
2022-11-22
13:33
DSV, 999 - SHARE BUYBACK IN DSV A/SRead
2022-11-22
10:06
DSV, 998 - Extraordinary General Meeting of DSV A/S 22 November 2022Read
2022-11-22
10:06
DSV, 998 - Extraordinary General Meeting of DSV A/S 22 November 2022Read
2022-11-15
08:40
DSV, 997 - LAUNCH OF NEW SHARE BUYBACK PROGRAMME ACCORDING TO THE SAFE HARBOUR METHODRead
2022-11-15
08:40
DSV, 997 - LAUNCH OF NEW SHARE BUYBACK PROGRAMME ACCORDING TO THE SAFE HARBOUR METHODRead

3. Summary

3.1. Key Performance Indicators

The key performance indicators of DSV Panalpina A/S compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---6.946-100%27.489-100%13.918-100%8.009-100%
Book Value Growth--0.8580.8600%0.870-1%0.866-1%0.865-1%
Book Value Per Share--345.460341.588+1%230.076+50%193.002+79%116.887+196%
Book Value Per Share Growth---0.020-100%0.082-100%0.052-100%0.046-100%
Current Ratio--1.2051.177+2%1.064+13%1.099+10%1.097+10%
Debt To Asset Ratio--0.5410.5430%0.537+1%0.565-4%0.638-15%
Debt To Equity Ratio--1.1831.191-1%1.161+2%1.354-13%1.961-40%
Dividend Per Share---2.969-100%4.871-100%2.583-100%1.909-100%
Eps--19.28218.921+2%9.967+93%8.401+130%5.291+264%
Eps Growth---0.1500.072-308%0.160-194%-0.005-97%-0.050-67%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Net Profit Margin---0.051-100%0.059-100%0.048-100%0.041-100%
Operating Margin---0.077-100%0.090-100%0.073-100%0.048-100%
Operating Ratio---0.867-100%0.910-100%0.912-100%0.927-100%
Pb Ratio3.257+20%2.5943.469-25%5.867-56%5.424-52%5.750-55%
Pe Ratio58.344+20%46.46866.113-30%140.921-67%143.826-68%132.912-65%
Peg Ratio---309.084708.737-144%126.131-345%-429.410+39%815.386-138%
Price Per Share1125.000+20%896.0001178.800-24%1316.875-32%877.725+2%560.240+60%
Profit Growth--83.68886.787-4%88.078-5%85.748-2%85.112-2%
Quick Ratio--0.9501.051-10%1.005-6%1.000-5%1.043-9%
Return On Assets--0.0260.025+2%0.020+28%0.020+30%0.018+42%
Return On Equity--0.0560.055+1%0.044+28%0.047+18%0.053+6%
Total Gains Per Share---9.915-100%32.360-100%16.500-100%9.918-100%
Usd Book Value--11152853600.00010897330000.000+2%7516250800.000+48%6135494570.000+82%3691897710.000+202%
Usd Book Value Change Per Share---0.985-100%3.898-100%1.974-100%1.136-100%
Usd Book Value Per Share--48.98648.437+1%32.625+50%27.368+79%16.575+196%
Usd Dividend Per Share---0.421-100%0.691-100%0.366-100%0.271-100%
Usd Eps--2.7342.683+2%1.413+93%1.191+130%0.750+264%
Usd Price Per Share159.525+20%127.053167.154-24%186.733-32%124.461+2%79.442+60%
Usd Profit--622502000.000603110850.000+3%325714600.000+91%267349720.000+133%167065215.000+273%
Usd Revenue---6564489200.000-100%5391448700.000-100%4345269570.000-100%3163377205.000-100%
Usd Total Gains Per Share---1.406-100%4.589-100%2.340-100%1.406-100%
 EOD+1 -3MRQTTM+16 -15YOY+14 -175Y+15 -1610Y+16 -15

3.2. Fundamental Score

Let's check the fundamental score of DSV Panalpina A/S based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1558.344
Price to Book Ratio (EOD)Between0-13.257
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.950
Current Ratio (MRQ)Greater than11.205
Debt to Asset Ratio (MRQ)Less than10.541
Debt to Equity Ratio (MRQ)Less than11.183
Return on Equity (MRQ)Greater than0.150.056
Return on Assets (MRQ)Greater than0.050.026
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of DSV Panalpina A/S based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.502
Ma 20Greater thanMa 501,098.225
Ma 50Greater thanMa 1001,007.842
Ma 100Greater thanMa 2001,062.597
OpenGreater thanClose1,114.500
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in DKK. All numbers in thousands.

Summary
 As reported
Total Liabilities -
Total Stockholder Equity+ -
Total Assets = -

Assets

Total Assets-
Total Current Assets66,572,000
Long-term Assets66,572,000
Total Current Assets
Net Receivables 52,448,000
Inventory 1,198,000
Other Current Assets 40,000
Total Current Assets  (as reported)66,572,000
Total Current Assets  (calculated)53,686,000
+/- 12,886,000
Long-term Assets
Property Plant Equipment 20,528,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)20,528,000
+/- 20,528,000

Liabilities & Shareholders' Equity

Total Current Liabilities55,229,000
Long-term Liabilities-
Total Stockholder Equity-
Total Current Liabilities
Accounts payable 16,796,000
Other Current Liabilities 32,545,000
Total Current Liabilities  (as reported)55,229,000
Total Current Liabilities  (calculated)49,341,000
+/- 5,888,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock234,000
Other Stockholders Equity 5,829,000
Total Stockholder Equity (as reported)0
Total Stockholder Equity (calculated)6,063,000
+/- 6,063,000
Other
Net Tangible Assets -1,245,000



Balance Sheet

Currency in DKK. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-06-301999-12-31
> Total Assets 
1,508,969
1,819,062
10,493,654
9,625,286
9,253,000
8,691,000
8,535,000
8,030,000
7,418,000
7,514,000
7,852,000
7,847,000
8,050,000
9,654,000
10,100,000
10,449,000
10,561,000
16,102,000
16,200,000
16,062,000
16,136,000
16,577,000
16,721,000
16,304,000
15,477,000
15,772,000
15,700,000
23,725,000
22,872,000
22,402,000
22,485,000
22,180,000
22,872,000
23,757,000
23,685,000
23,085,000
23,091,000
22,669,000
22,909,000
22,734,000
22,746,000
23,375,000
23,314,000
22,794,000
23,236,000
23,395,000
23,809,000
23,100,000
23,504,000
24,016,000
24,584,000
23,680,000
24,981,000
24,057,000
24,114,000
27,725,000
39,068,000
38,931,000
39,669,000
40,367,000
40,304,000
39,984,000
39,206,000
38,388,000
38,522,000
39,395,000
40,201,000
38,812,000
49,649,000
49,721,000
99,427,000
97,557,000
96,370,000
95,013,000
94,944,000
96,250,000
101,586,000
102,147,000
156,365,000
161,395,000
168,308,000
171,490,000
0
0171,490,000168,308,000161,395,000156,365,000102,147,000101,586,00096,250,00094,944,00095,013,00096,370,00097,557,00099,427,00049,721,00049,649,00038,812,00040,201,00039,395,00038,522,00038,388,00039,206,00039,984,00040,304,00040,367,00039,669,00038,931,00039,068,00027,725,00024,114,00024,057,00024,981,00023,680,00024,584,00024,016,00023,504,00023,100,00023,809,00023,395,00023,236,00022,794,00023,314,00023,375,00022,746,00022,734,00022,909,00022,669,00023,091,00023,085,00023,685,00023,757,00022,872,00022,180,00022,485,00022,402,00022,872,00023,725,00015,700,00015,772,00015,477,00016,304,00016,721,00016,577,00016,136,00016,062,00016,200,00016,102,00010,561,00010,449,00010,100,0009,654,0008,050,0007,847,0007,852,0007,514,0007,418,0008,030,0008,535,0008,691,0009,253,0009,625,28610,493,6541,819,0621,508,969
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,000,000
8,811,000
9,416,000
9,444,000
8,942,000
9,079,000
9,031,000
9,219,000
8,948,000
8,992,000
9,598,000
9,743,000
9,248,000
9,742,000
10,009,000
10,174,000
9,658,000
10,118,000
10,722,000
11,220,000
10,040,000
11,053,000
10,637,000
10,819,000
14,527,000
16,865,000
16,995,000
17,728,000
18,438,000
18,478,000
18,852,000
18,725,000
18,162,000
18,331,000
19,036,000
19,817,000
18,438,000
18,993,000
19,578,000
30,162,000
28,218,000
28,494,000
28,035,000
29,430,000
30,552,000
34,639,000
35,445,000
56,120,000
58,824,000
64,239,000
65,960,000
66,572,000
66,572,00065,960,00064,239,00058,824,00056,120,00035,445,00034,639,00030,552,00029,430,00028,035,00028,494,00028,218,00030,162,00019,578,00018,993,00018,438,00019,817,00019,036,00018,331,00018,162,00018,725,00018,852,00018,478,00018,438,00017,728,00016,995,00016,865,00014,527,00010,819,00010,637,00011,053,00010,040,00011,220,00010,722,00010,118,0009,658,00010,174,00010,009,0009,742,0009,248,0009,743,0009,598,0008,992,0008,948,0009,219,0009,031,0009,079,0008,942,0009,444,0009,416,0008,811,0008,000,0000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
367,000
449,000
438,000
449,000
363,000
443,000
387,000
405,000
367,000
426,000
432,000
429,000
552,000
528,000
680,000
627,000
707,000
598,000
553,000
618,000
432,000
461,000
298,000
568,000
4,908,000
2,312,000
2,066,000
1,868,000
1,714,000
1,663,000
1,816,000
1,330,000
1,348,000
1,558,000
1,225,000
1,449,000
275,000
1,182,000
1,384,000
2,981,000
596,000
1,979,000
1,951,000
2,909,000
4,060,000
4,166,000
2,034,000
8,132,000
8,299,000
11,049,000
11,348,000
0
011,348,00011,049,0008,299,0008,132,0002,034,0004,166,0004,060,0002,909,0001,951,0001,979,000596,0002,981,0001,384,0001,182,000275,0001,449,0001,225,0001,558,0001,348,0001,330,0001,816,0001,663,0001,714,0001,868,0002,066,0002,312,0004,908,000568,000298,000461,000432,000618,000553,000598,000707,000627,000680,000528,000552,000429,000432,000426,000367,000405,000387,000443,000363,000449,000438,000449,000367,0000000000000000000000000000000000
       Net Receivables 
0
768,656
0
3,197,185
3,700,000
3,006,000
3,314,000
2,670,000
2,937,000
3,162,000
3,376,000
2,902,000
3,225,000
3,977,000
4,298,000
4,022,000
4,328,000
6,508,000
6,486,000
5,826,000
6,626,000
6,914,000
6,950,000
6,335,000
6,271,000
6,693,000
6,639,000
8,962,000
8,274,000
7,671,000
7,552,000
7,288,000
7,962,000
8,895,000
8,928,000
8,217,000
8,425,000
8,614,000
8,784,000
8,403,000
8,549,000
9,151,000
9,298,000
8,451,000
9,202,000
9,317,000
9,535,000
8,939,000
9,497,000
10,152,000
10,585,000
9,583,000
10,565,000
10,339,000
10,250,000
9,619,000
14,553,000
14,929,000
15,860,000
15,923,000
16,525,000
16,723,000
16,792,000
15,635,000
16,247,000
17,587,000
18,139,000
16,468,000
13,286,000
13,455,000
20,181,000
24,716,000
24,910,000
24,703,000
24,861,000
24,956,000
28,549,000
30,982,000
45,216,000
50,175,000
52,217,000
53,735,000
52,448,000
52,448,00053,735,00052,217,00050,175,00045,216,00030,982,00028,549,00024,956,00024,861,00024,703,00024,910,00024,716,00020,181,00013,455,00013,286,00016,468,00018,139,00017,587,00016,247,00015,635,00016,792,00016,723,00016,525,00015,923,00015,860,00014,929,00014,553,0009,619,00010,250,00010,339,00010,565,0009,583,00010,585,00010,152,0009,497,0008,939,0009,535,0009,317,0009,202,0008,451,0009,298,0009,151,0008,549,0008,403,0008,784,0008,614,0008,425,0008,217,0008,928,0008,895,0007,962,0007,288,0007,552,0007,671,0008,274,0008,962,0006,639,0006,693,0006,271,0006,335,0006,950,0006,914,0006,626,0005,826,0006,486,0006,508,0004,328,0004,022,0004,298,0003,977,0003,225,0002,902,0003,376,0003,162,0002,937,0002,670,0003,314,0003,006,0003,700,0003,197,1850768,6560
       Other Current Assets 
0
14,047
0
623,613
0
453,000
0
142,000
0
0
0
163,000
0
0
0
390,000
0
0
0
736,000
0
0
0
224,000
120,000
92,000
93,000
305,000
88,000
72,000
90,000
7,633,000
8,362,000
8,978,000
8,995,000
8,579,000
8,636,000
8,644,000
8,814,000
8,581,000
8,566,000
9,166,000
9,314,000
8,696,000
9,214,000
9,329,000
9,547,000
8,275,000
8,741,000
9,283,000
9,635,000
8,864,000
9,783,000
9,505,000
9,441,000
9,031,000
13,399,000
13,555,000
14,140,000
15,281,000
14,713,000
15,038,000
15,316,000
15,052,000
14,818,000
15,474,000
15,641,000
17,445,000
17,019,000
17,047,000
25,584,000
26,298,000
25,028,000
24,808,000
24,964,000
25,066,000
28,650,000
31,074,000
45,305,000
50,241,000
52,232,000
5,000
40,000
40,0005,00052,232,00050,241,00045,305,00031,074,00028,650,00025,066,00024,964,00024,808,00025,028,00026,298,00025,584,00017,047,00017,019,00017,445,00015,641,00015,474,00014,818,00015,052,00015,316,00015,038,00014,713,00015,281,00014,140,00013,555,00013,399,0009,031,0009,441,0009,505,0009,783,0008,864,0009,635,0009,283,0008,741,0008,275,0009,547,0009,329,0009,214,0008,696,0009,314,0009,166,0008,566,0008,581,0008,814,0008,644,0008,636,0008,579,0008,995,0008,978,0008,362,0007,633,00090,00072,00088,000305,00093,00092,000120,000224,000000736,000000390,000000163,000000142,0000453,0000623,613014,0470
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,180,000
14,061,000
14,341,000
14,241,000
14,143,000
14,012,000
13,638,000
13,690,000
13,786,000
13,754,000
13,777,000
13,571,000
13,546,000
13,494,000
13,386,000
13,635,000
13,442,000
13,386,000
13,294,000
13,364,000
13,640,000
13,928,000
13,420,000
13,295,000
13,198,000
22,203,000
21,936,000
21,941,000
21,929,000
21,826,000
21,132,000
20,481,000
20,226,000
20,191,000
20,359,000
20,384,000
20,374,000
30,656,000
30,143,000
69,265,000
69,339,000
67,876,000
66,978,000
65,514,000
65,698,000
66,947,000
66,702,000
100,245,000
102,571,000
104,069,000
105,530,000
0
0105,530,000104,069,000102,571,000100,245,00066,702,00066,947,00065,698,00065,514,00066,978,00067,876,00069,339,00069,265,00030,143,00030,656,00020,374,00020,384,00020,359,00020,191,00020,226,00020,481,00021,132,00021,826,00021,929,00021,941,00021,936,00022,203,00013,198,00013,295,00013,420,00013,928,00013,640,00013,364,00013,294,00013,386,00013,442,00013,635,00013,386,00013,494,00013,546,00013,571,00013,777,00013,754,00013,786,00013,690,00013,638,00014,012,00014,143,00014,241,00014,341,00014,061,00014,180,0000000000000000000000000000000000
       Property Plant Equipment 
694,855
696,990
0
2,445,271
2,574,000
2,488,000
0
2,397,000
0
0
0
2,147,000
2,196,000
2,314,000
2,355,000
2,362,000
0
0
0
3,747,000
0
0
0
3,795,000
3,523,000
3,322,000
3,338,000
5,093,000
5,118,000
5,152,000
5,101,000
4,975,000
5,118,000
4,956,000
4,880,000
4,782,000
4,683,000
4,311,000
4,390,000
4,503,000
4,514,000
4,546,000
4,312,000
4,261,000
4,217,000
4,041,000
4,045,000
3,883,000
3,815,000
3,735,000
3,777,000
3,927,000
4,132,000
3,637,000
3,538,000
3,568,000
4,428,000
4,071,000
4,016,000
3,334,000
3,228,000
3,012,000
2,640,000
2,431,000
2,433,000
2,455,000
2,395,000
2,490,000
12,337,000
11,829,000
14,767,000
14,693,000
14,063,000
13,949,000
13,597,000
14,125,000
14,442,000
14,045,000
19,183,000
19,971,000
20,474,000
20,503,000
20,528,000
20,528,00020,503,00020,474,00019,971,00019,183,00014,045,00014,442,00014,125,00013,597,00013,949,00014,063,00014,693,00014,767,00011,829,00012,337,0002,490,0002,395,0002,455,0002,433,0002,431,0002,640,0003,012,0003,228,0003,334,0004,016,0004,071,0004,428,0003,568,0003,538,0003,637,0004,132,0003,927,0003,777,0003,735,0003,815,0003,883,0004,045,0004,041,0004,217,0004,261,0004,312,0004,546,0004,514,0004,503,0004,390,0004,311,0004,683,0004,782,0004,880,0004,956,0005,118,0004,975,0005,101,0005,152,0005,118,0005,093,0003,338,0003,322,0003,523,0003,795,0000003,747,0000002,362,0002,355,0002,314,0002,196,0002,147,0000002,397,00002,488,0002,574,0002,445,2710696,990694,855
       Goodwill 
0
75,315
0
2,666,846
2,540,000
2,386,000
0
2,265,000
1,993,000
1,984,000
2,028,000
2,040,000
0
0
0
2,860,000
0
0
0
4,252,000
0
0
0
4,424,000
0
0
0
7,170,000
0
0
0
7,491,000
0
0
0
7,615,000
0
0
0
7,649,000
0
0
0
7,778,000
0
0
0
8,028,000
0
0
0
7,982,000
0
0
0
8,010,000
0
0
0
16,117,000
0
0
0
15,459,000
0
0
0
15,508,000
0
0
0
50,250,000
0
0
0
47,476,000
0
0
0
75,063,000
0
0
0
00075,063,00000047,476,00000050,250,00000015,508,00000015,459,00000016,117,0000008,010,0000007,982,0000008,028,0000007,778,0000007,649,0000007,615,0000007,491,0000007,170,0000004,424,0000004,252,0000002,860,0000002,040,0002,028,0001,984,0001,993,0002,265,00002,386,0002,540,0002,666,846075,3150
       Intangible Assets 
0
75,315
0
2,666,846
2,540,000
2,386,000
0
2,265,000
1,993,000
1,984,000
2,028,000
2,066,000
2,301,000
2,912,000
2,948,000
3,005,000
0
0
0
4,755,000
8,690,000
8,827,000
8,933,000
5,114,000
4,808,000
4,863,000
4,876,000
8,436,000
8,416,000
8,505,000
8,730,000
8,721,000
8,416,000
8,785,000
8,758,000
8,772,000
8,733,000
8,713,000
8,671,000
8,683,000
8,651,000
8,644,000
8,659,000
945,000
8,707,000
8,773,000
9,027,000
954,000
8,985,000
8,961,000
9,004,000
946,000
8,977,000
8,969,000
8,946,000
986,000
16,830,000
16,859,000
16,834,000
1,130,000
17,234,000
16,802,000
16,547,000
1,114,000
16,478,000
16,614,000
16,687,000
1,234,000
16,882,000
16,795,000
52,211,000
1,738,000
0
0
0
1,189,000
0
0
0
1,598,000
0
0
0
0001,598,0000001,189,0000001,738,00052,211,00016,795,00016,882,0001,234,00016,687,00016,614,00016,478,0001,114,00016,547,00016,802,00017,234,0001,130,00016,834,00016,859,00016,830,000986,0008,946,0008,969,0008,977,000946,0009,004,0008,961,0008,985,000954,0009,027,0008,773,0008,707,000945,0008,659,0008,644,0008,651,0008,683,0008,671,0008,713,0008,733,0008,772,0008,758,0008,785,0008,416,0008,721,0008,730,0008,505,0008,416,0008,436,0004,876,0004,863,0004,808,0005,114,0008,933,0008,827,0008,690,0004,755,0000003,005,0002,948,0002,912,0002,301,0002,066,0002,028,0001,984,0001,993,0002,265,00002,386,0002,540,0002,666,846075,3150
       Other Assets 
0
79,511
0
2,821,059
2,659,000
2,456,000
0
2,364,000
4,196,000
4,150,000
4,258,000
2,200,000
2,457,000
3,075,000
3,110,000
3,290,000
5,763,000
9,122,000
9,102,000
5,346,000
9,091,000
9,255,000
9,374,000
5,567,000
5,259,000
5,301,000
5,333,000
8,849,000
8,943,000
9,127,000
9,343,000
9,205,000
9,341,000
9,385,000
9,361,000
9,361,000
9,329,000
9,327,000
9,300,000
9,283,000
9,240,000
9,231,000
9,259,000
9,285,000
9,277,000
9,345,000
9,590,000
9,559,000
9,571,000
9,559,000
9,587,000
9,713,000
9,796,000
9,783,000
9,757,000
9,630,000
17,775,000
17,865,000
17,925,000
18,595,000
18,598,000
18,120,000
17,841,000
17,795,000
17,758,000
1,290,000
1,302,000
1,142,000
1,437,000
1,519,000
2,287,000
2,658,000
2,369,000
2,560,000
2,737,000
2,908,000
3,071,000
3,145,000
5,583,000
5,939,000
5,655,000
5,320,000
5,789,000
5,789,0005,320,0005,655,0005,939,0005,583,0003,145,0003,071,0002,908,0002,737,0002,560,0002,369,0002,658,0002,287,0001,519,0001,437,0001,142,0001,302,0001,290,00017,758,00017,795,00017,841,00018,120,00018,598,00018,595,00017,925,00017,865,00017,775,0009,630,0009,757,0009,783,0009,796,0009,713,0009,587,0009,559,0009,571,0009,559,0009,590,0009,345,0009,277,0009,285,0009,259,0009,231,0009,240,0009,283,0009,300,0009,327,0009,329,0009,361,0009,361,0009,385,0009,341,0009,205,0009,343,0009,127,0008,943,0008,849,0005,333,0005,301,0005,259,0005,567,0009,374,0009,255,0009,091,0005,346,0009,102,0009,122,0005,763,0003,290,0003,110,0003,075,0002,457,0002,200,0004,258,0004,150,0004,196,0002,364,00002,456,0002,659,0002,821,059079,5110
> Total Liabilities 
922,423
1,171,627
8,287,208
7,531,237
7,100,000
6,455,000
6,281,000
5,553,000
4,307,000
4,330,000
4,536,000
4,663,000
4,827,000
6,041,000
6,582,000
7,126,000
7,039,000
12,727,000
12,630,000
12,218,000
12,218,000
12,659,000
13,043,000
12,655,000
11,742,000
11,933,000
11,541,000
19,868,000
18,972,000
16,997,000
17,031,000
16,621,000
18,972,000
17,754,000
17,245,000
16,500,000
16,809,000
16,618,000
17,383,000
17,425,000
17,555,000
18,088,000
17,891,000
17,409,000
17,705,000
17,807,000
17,902,000
16,852,000
17,531,000
17,787,000
18,355,000
17,599,000
18,902,000
17,667,000
17,723,000
15,884,000
27,631,000
27,032,000
27,112,000
26,989,000
26,376,000
25,480,000
24,716,000
23,579,000
24,064,000
24,216,000
24,907,000
24,280,000
34,788,000
34,233,000
48,775,000
48,238,000
50,268,000
47,784,000
46,918,000
48,953,000
56,187,000
57,212,000
81,972,000
87,117,000
92,490,000
92,838,000
0
092,838,00092,490,00087,117,00081,972,00057,212,00056,187,00048,953,00046,918,00047,784,00050,268,00048,238,00048,775,00034,233,00034,788,00024,280,00024,907,00024,216,00024,064,00023,579,00024,716,00025,480,00026,376,00026,989,00027,112,00027,032,00027,631,00015,884,00017,723,00017,667,00018,902,00017,599,00018,355,00017,787,00017,531,00016,852,00017,902,00017,807,00017,705,00017,409,00017,891,00018,088,00017,555,00017,425,00017,383,00016,618,00016,809,00016,500,00017,245,00017,754,00018,972,00016,621,00017,031,00016,997,00018,972,00019,868,00011,541,00011,933,00011,742,00012,655,00013,043,00012,659,00012,218,00012,218,00012,630,00012,727,0007,039,0007,126,0006,582,0006,041,0004,827,0004,663,0004,536,0004,330,0004,307,0005,553,0006,281,0006,455,0007,100,0007,531,2378,287,2081,171,627922,423
   > Total Current Liabilities 
674,061
928,897
3,893,832
4,011,728
4,062,000
3,897,000
4,071,000
3,670,000
3,429,000
3,567,000
3,761,000
3,833,000
3,833,000
4,380,000
4,800,000
4,663,000
4,629,000
9,116,000
9,163,000
6,478,000
6,468,000
6,841,000
6,759,000
6,872,000
6,415,000
6,624,000
6,505,000
11,166,000
10,638,000
8,222,000
8,469,000
8,118,000
10,638,000
9,704,000
9,312,000
9,102,000
9,351,000
9,194,000
9,677,000
9,441,000
9,902,000
10,129,000
9,957,000
9,312,000
9,700,000
9,975,000
9,919,000
8,980,000
10,077,000
10,367,000
10,957,000
9,892,000
11,022,000
10,434,000
10,538,000
9,668,000
16,033,000
15,017,000
15,391,000
15,753,000
15,203,000
15,759,000
15,111,000
15,176,000
15,636,000
16,445,000
16,737,000
15,957,000
18,721,000
19,012,000
29,136,000
29,316,000
28,499,000
27,110,000
27,225,000
29,114,000
34,101,000
35,120,000
47,473,000
53,413,000
53,788,000
54,584,000
55,229,000
55,229,00054,584,00053,788,00053,413,00047,473,00035,120,00034,101,00029,114,00027,225,00027,110,00028,499,00029,316,00029,136,00019,012,00018,721,00015,957,00016,737,00016,445,00015,636,00015,176,00015,111,00015,759,00015,203,00015,753,00015,391,00015,017,00016,033,0009,668,00010,538,00010,434,00011,022,0009,892,00010,957,00010,367,00010,077,0008,980,0009,919,0009,975,0009,700,0009,312,0009,957,00010,129,0009,902,0009,441,0009,677,0009,194,0009,351,0009,102,0009,312,0009,704,00010,638,0008,118,0008,469,0008,222,00010,638,00011,166,0006,505,0006,624,0006,415,0006,872,0006,759,0006,841,0006,468,0006,478,0009,163,0009,116,0004,629,0004,663,0004,800,0004,380,0003,833,0003,833,0003,761,0003,567,0003,429,0003,670,0004,071,0003,897,0004,062,0004,011,7283,893,832928,897674,061
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
923,000
1,009,000
1,257,000
884,000
590,000
778,000
715,000
1,071,000
589,000
884,000
598,000
782,000
313,000
2,860,000
1,542,000
1,396,000
1,358,000
928,000
1,139,000
438,000
495,000
1,273,000
880,000
940,000
545,000
3,190,000
2,892,000
4,097,000
4,905,000
4,768,000
3,360,000
2,994,000
4,035,000
5,573,000
5,306,000
5,757,000
7,912,000
6,086,000
0
0
006,086,0007,912,0005,757,0005,306,0005,573,0004,035,0002,994,0003,360,0004,768,0004,905,0004,097,0002,892,0003,190,000545,000940,000880,0001,273,000495,000438,0001,139,000928,0001,358,0001,396,0001,542,0002,860,000313,000782,000598,000884,000589,0001,071,000715,000778,000590,000884,0001,257,0001,009,000923,0000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,057,000
9,483,000
8,397,000
438,000
495,000
1,273,000
880,000
940,000
484,000
582,000
322,000
806,000
1,520,000
1,495,000
295,000
102,000
1,185,000
2,786,000
2,567,000
2,557,000
4,472,000
2,644,000
1,667,000
0
01,667,0002,644,0004,472,0002,557,0002,567,0002,786,0001,185,000102,000295,0001,495,0001,520,000806,000322,000582,000484,000940,000880,0001,273,000495,000438,0008,397,0009,483,00010,057,00000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
508,577
0
1,699,018
3,244,000
1,465,000
0
1,538,000
0
0
0
1,630,000
0
0
0
2,263,000
0
0
0
3,098,000
0
0
0
3,365,000
5,342,000
5,872,000
5,594,000
3,855,000
7,648,000
7,208,000
7,174,000
7,108,000
7,648,000
8,091,000
7,919,000
7,833,000
7,929,000
7,957,000
8,211,000
7,938,000
8,162,000
8,649,000
8,606,000
4,385,000
8,256,000
8,225,000
8,525,000
4,537,000
4,523,000
4,650,000
4,840,000
4,782,000
5,338,000
4,924,000
4,784,000
4,997,000
6,408,000
6,314,000
6,316,000
7,010,000
6,866,000
6,861,000
6,957,000
7,477,000
7,141,000
7,628,000
7,470,000
7,646,000
7,384,000
7,600,000
10,078,000
9,783,000
9,550,000
8,710,000
9,198,000
9,926,000
11,491,000
11,964,000
16,297,000
17,040,000
16,899,000
18,013,000
16,796,000
16,796,00018,013,00016,899,00017,040,00016,297,00011,964,00011,491,0009,926,0009,198,0008,710,0009,550,0009,783,00010,078,0007,600,0007,384,0007,646,0007,470,0007,628,0007,141,0007,477,0006,957,0006,861,0006,866,0007,010,0006,316,0006,314,0006,408,0004,997,0004,784,0004,924,0005,338,0004,782,0004,840,0004,650,0004,523,0004,537,0008,525,0008,225,0008,256,0004,385,0008,606,0008,649,0008,162,0007,938,0008,211,0007,957,0007,929,0007,833,0007,919,0008,091,0007,648,0007,108,0007,174,0007,208,0007,648,0003,855,0005,594,0005,872,0005,342,0003,365,0000003,098,0000002,263,0000001,630,0000001,538,00001,465,0003,244,0001,699,0180508,5770
       Other Current Liabilities 
0
151,402
0
1,461,761
0
1,433,000
0
1,194,000
2,687,000
2,894,000
2,966,000
1,229,000
2,859,000
3,498,000
3,723,000
1,698,000
3,850,000
5,709,000
5,706,000
2,742,000
5,784,000
6,026,000
5,976,000
2,903,000
238,000
250,000
287,000
4,338,000
291,000
386,000
458,000
1,010,000
2,990,000
1,613,000
1,393,000
1,269,000
1,422,000
1,237,000
1,466,000
1,503,000
1,740,000
1,480,000
1,351,000
4,004,000
435,000
493,000
510,000
3,853,000
4,776,000
5,002,000
5,046,000
4,521,000
4,800,000
4,912,000
4,972,000
4,358,000
6,765,000
7,161,000
7,679,000
7,385,000
7,409,000
7,759,000
7,716,000
7,204,000
7,222,000
7,937,000
8,327,000
7,766,000
8,147,000
8,520,000
14,961,000
14,628,000
14,181,000
15,040,000
15,033,000
15,153,000
17,037,000
17,850,000
25,419,000
28,461,000
30,803,000
31,447,000
32,545,000
32,545,00031,447,00030,803,00028,461,00025,419,00017,850,00017,037,00015,153,00015,033,00015,040,00014,181,00014,628,00014,961,0008,520,0008,147,0007,766,0008,327,0007,937,0007,222,0007,204,0007,716,0007,759,0007,409,0007,385,0007,679,0007,161,0006,765,0004,358,0004,972,0004,912,0004,800,0004,521,0005,046,0005,002,0004,776,0003,853,000510,000493,000435,0004,004,0001,351,0001,480,0001,740,0001,503,0001,466,0001,237,0001,422,0001,269,0001,393,0001,613,0002,990,0001,010,000458,000386,000291,0004,338,000287,000250,000238,0002,903,0005,976,0006,026,0005,784,0002,742,0005,706,0005,709,0003,850,0001,698,0003,723,0003,498,0002,859,0001,229,0002,966,0002,894,0002,687,0001,194,00001,433,00001,461,7610151,4020
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,503,000
8,334,000
8,050,000
7,933,000
7,398,000
7,458,000
7,424,000
7,706,000
7,984,000
7,653,000
7,959,000
7,934,000
8,097,000
8,005,000
7,832,000
7,983,000
7,872,000
7,454,000
7,420,000
7,398,000
7,707,000
7,880,000
7,233,000
7,185,000
6,216,000
11,598,000
12,015,000
11,721,000
11,236,000
11,173,000
9,721,000
9,605,000
8,403,000
8,428,000
7,771,000
8,170,000
8,323,000
16,067,000
15,221,000
19,639,000
18,922,000
21,769,000
20,674,000
19,693,000
19,839,000
22,086,000
22,092,000
34,499,000
33,704,000
38,702,000
38,254,000
0
038,254,00038,702,00033,704,00034,499,00022,092,00022,086,00019,839,00019,693,00020,674,00021,769,00018,922,00019,639,00015,221,00016,067,0008,323,0008,170,0007,771,0008,428,0008,403,0009,605,0009,721,00011,173,00011,236,00011,721,00012,015,00011,598,0006,216,0007,185,0007,233,0007,880,0007,707,0007,398,0007,420,0007,454,0007,872,0007,983,0007,832,0008,005,0008,097,0007,934,0007,959,0007,653,0007,984,0007,706,0007,424,0007,458,0007,398,0007,933,0008,050,0008,334,0008,503,0000000000000000000000000000000000
       Other Liabilities 
0
0
0
306,778
0
241,000
0
204,000
878,000
763,000
775,000
253,000
506,000
519,000
526,000
514,000
590,000
1,215,000
1,150,000
852,000
1,174,000
1,227,000
1,231,000
622,000
584,000
575,000
539,000
1,263,000
1,186,000
1,186,000
1,360,000
1,473,000
1,456,000
1,427,000
1,319,000
1,216,000
1,255,000
1,246,000
1,244,000
1,402,000
1,407,000
1,401,000
1,421,000
1,524,000
1,500,000
1,448,000
1,504,000
1,395,000
1,414,000
1,425,000
1,405,000
1,639,000
1,663,000
1,669,000
1,666,000
1,604,000
2,168,000
2,227,000
2,294,000
2,250,000
2,370,000
2,219,000
2,184,000
1,859,000
1,784,000
1,916,000
1,970,000
1,809,000
1,795,000
1,770,000
3,439,000
3,231,000
3,128,000
3,037,000
3,016,000
2,715,000
2,492,000
2,398,000
5,216,000
4,863,000
4,653,000
4,369,000
4,702,000
4,702,0004,369,0004,653,0004,863,0005,216,0002,398,0002,492,0002,715,0003,016,0003,037,0003,128,0003,231,0003,439,0001,770,0001,795,0001,809,0001,970,0001,916,0001,784,0001,859,0002,184,0002,219,0002,370,0002,250,0002,294,0002,227,0002,168,0001,604,0001,666,0001,669,0001,663,0001,639,0001,405,0001,425,0001,414,0001,395,0001,504,0001,448,0001,500,0001,524,0001,421,0001,401,0001,407,0001,402,0001,244,0001,246,0001,255,0001,216,0001,319,0001,427,0001,456,0001,473,0001,360,0001,186,0001,186,0001,263,000539,000575,000584,000622,0001,231,0001,227,0001,174,000852,0001,150,0001,215,000590,000514,000526,000519,000506,000253,000775,000763,000878,000204,0000241,0000306,778000
> Total Stockholder Equity
580,119
640,237
2,206,446
2,037,362
2,091,000
2,171,000
2,188,000
2,399,000
3,035,000
3,108,000
3,232,000
3,093,000
3,223,000
3,613,000
3,518,000
3,212,000
3,522,000
3,375,000
3,570,000
3,699,000
3,764,000
3,918,000
3,678,000
3,457,000
3,719,000
3,822,000
4,140,000
3,808,000
3,851,000
5,355,000
5,414,000
5,501,000
3,851,000
5,973,000
6,409,000
6,549,000
6,249,000
6,014,000
5,486,000
5,279,000
5,160,000
5,256,000
5,394,000
5,348,000
5,495,000
5,557,000
5,878,000
6,218,000
5,945,000
6,202,000
6,200,000
6,052,000
6,049,000
6,360,000
6,360,000
11,809,000
11,435,000
11,892,000
12,553,000
13,416,000
13,967,000
14,546,000
14,524,000
14,835,000
14,487,000
15,210,000
15,327,000
14,561,000
14,916,000
15,549,000
50,842,000
49,430,000
46,214,000
47,326,000
48,122,000
47,385,000
45,501,000
45,029,000
74,225,000
74,103,000
75,621,000
78,473,000
0
078,473,00075,621,00074,103,00074,225,00045,029,00045,501,00047,385,00048,122,00047,326,00046,214,00049,430,00050,842,00015,549,00014,916,00014,561,00015,327,00015,210,00014,487,00014,835,00014,524,00014,546,00013,967,00013,416,00012,553,00011,892,00011,435,00011,809,0006,360,0006,360,0006,049,0006,052,0006,200,0006,202,0005,945,0006,218,0005,878,0005,557,0005,495,0005,348,0005,394,0005,256,0005,160,0005,279,0005,486,0006,014,0006,249,0006,549,0006,409,0005,973,0003,851,0005,501,0005,414,0005,355,0003,851,0003,808,0004,140,0003,822,0003,719,0003,457,0003,678,0003,918,0003,764,0003,699,0003,570,0003,375,0003,522,0003,212,0003,518,0003,613,0003,223,0003,093,0003,232,0003,108,0003,035,0002,399,0002,188,0002,171,0002,091,0002,037,3622,206,446640,237580,119
   Common Stock
0
30,561
0
41,540
0
42,000
0
42,000
0
0
0
42,000
0
0
0
42,000
0
0
0
40,000
3,764,000
3,918,000
3,678,000
202,000
202,000
202,000
190,000
190,000
190,000
209,000
209,000
209,000
190,000
209,000
209,000
209,000
209,000
204,000
204,000
190,000
190,000
188,000
188,000
188,000
188,000
180,000
180,000
180,000
180,000
177,000
177,000
177,000
177,000
175,000
175,000
192,000
192,000
190,000
190,000
190,000
190,000
190,000
190,000
190,000
190,000
188,000
188,000
188,000
188,000
186,000
242,000
235,000
235,000
230,000
230,000
230,000
230,000
224,000
240,000
240,000
240,000
234,000
234,000
234,000234,000240,000240,000240,000224,000230,000230,000230,000230,000235,000235,000242,000186,000188,000188,000188,000188,000190,000190,000190,000190,000190,000190,000190,000190,000192,000192,000175,000175,000177,000177,000177,000177,000180,000180,000180,000180,000188,000188,000188,000188,000190,000190,000204,000204,000209,000209,000209,000209,000190,000209,000209,000209,000190,000190,000190,000202,000202,000202,0003,678,0003,918,0003,764,00040,00000042,00000042,00000042,000042,000041,540030,5610
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000-10,000-7,000-5,000-7,000-6,000-4,000-3,000-4,000-5,000-5,000-5,000-8,000-9,000-9,000-7,000-8,000-7,000-6,000-3,000-6,000-5,000000000000000000000000000000-6,0000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,292,000
3,661,000
5,764,000
6,200,000
6,340,000
6,040,000
5,810,000
5,282,000
5,089,000
4,970,000
5,068,000
5,206,000
5,160,000
5,307,000
5,377,000
5,698,000
6,038,000
5,765,000
6,025,000
6,023,000
5,875,000
5,872,000
6,185,000
6,185,000
11,617,000
11,243,000
11,702,000
12,363,000
13,226,000
13,777,000
14,356,000
14,334,000
14,645,000
14,297,000
4,026,000
15,139,000
14,373,000
14,728,000
15,363,000
50,600,000
-265,000
-754,000
-1,618,000
-2,583,000
-2,836,000
45,271,000
44,805,000
73,985,000
-356,000
75,381,000
3,788,000
5,829,000
5,829,0003,788,00075,381,000-356,00073,985,00044,805,00045,271,000-2,836,000-2,583,000-1,618,000-754,000-265,00050,600,00015,363,00014,728,00014,373,00015,139,0004,026,00014,297,00014,645,00014,334,00014,356,00013,777,00013,226,00012,363,00011,702,00011,243,00011,617,0006,185,0006,185,0005,872,0005,875,0006,023,0006,025,0005,765,0006,038,0005,698,0005,377,0005,307,0005,160,0005,206,0005,068,0004,970,0005,089,0005,282,0005,810,0006,040,0006,340,0006,200,0005,764,0003,661,0005,292,0000000000000000000000000000000000



Balance Sheet

Currency in DKK. All numbers in thousands.




Cash Flow

Currency in DKK. All numbers in thousands.