Bevel-helical speed reduction gearbox B3 Shaft variant designed to withstand ax ial forces B3-CH-12B

Flender/Flender Gear Units/Bevel-helical speed reduction gearbox B3

our opinion, the consolidated financial statements and the financial statements ofthe parent company have been presented inaccordance with the accounting provisions ofDanish legislation and give true and fairview of the Groups and the parent companysassets and liabilities, financial position andprofit/loss for the year. Randers, 1 March 2 KPMG .Jespersen Claus Monfeldt State-authorised public accountant Torben Ahle Pedersen State-authorised public accountant Deloitte & Touche State-authorised Firm of Accountants Karsten Mumm State-authorised public accountant Jesper Meto State-authorised public accountant 4[Profit and loss account] Group Parent company DKK 0 2 1 2 1 Note 1 Net turnover 4,0,2 4,6,8 3,1,1 3,3,9 Cost of raw materials and consumables (2,9,0) (4,2,0) (2,5,0) (3,3, Note 2 Other external costs (3, (2, (1, (1, Note 3 Staff costs (5, (5, (2, (2, (3,8, (5,0,0) (2,9, (3,8, Profit on primary operations before depreciation 2,8 (4, 1,4 (4, Note 4 Depreciation and write-downs (7, (1, (1, (3,0) Profit on primary operations (EBIT) 1,7 (5, 1,8 (4, Note 5 Profit/loss from subsidiary undertakings before tax - - (4, (1, Note 6 Profit/loss from associated undertakings before tax (2, ( 0 0 Note 7 Profit/loss from investments in wind farms before tax ( 1,5 (1, 1,5 Note 8 Financial items (4, (3, (1,0) (3,0) Profit before tax 6,7 (6, 6,0 (6,0) Note 9 Tax on profit for the year (2, (2, (2, (2, Profit before minority interests 4,2 (6, 4,5 (6, Minority interests 5,2 (3, - - Profit/(loss) for the year 4,5 (6, 4,5 (6, Changes in shareholders equity Group DKK 0 2 1 Shareholders equity at 1 January 5,8 5,8 Profit/(loss) for the year 4,5 (6,Capital increase 5,3 6,8 Exchange rate adjustments ( 2 Shareholders equity at 3 December 6,5 5,8 4[Balance sheet] Group Parent company DKK 0 3/1 2 3/1 1 3/1 2 3/1 1 ASS