DSV Q3 2023 Financial Performance and NEOM Joint Venture Update
Balance sheet
(DKKm)
Assets
30.09.2023
30.09.2022
Variance
31.12.2022
Equity and liabilities
30.09.2023
30.09.2022
Intangibles assets
78,106
81,248
(3,142)
77,674
DSV shareholders' share of equity
70,179
80,003
Variance
(9,824)
31.12.2022
71,519
Right-of-use assets
15,862
14,134
1,728
14,694
Non-controlling interests
270
226
44
222
Property, plant and equipment
6,420
6,394
26
6,284
Total equity
70,449
80,229
(9,780)
71,741
Other receivables
2,202
2,705
(503)
2,461
Lease liabilities
14,341
12,588
1,753
13,190
Deferred tax assets
3,242
3,084
158
3,494
Borrowings
20,023
21,389
(1,366)
21,398
Pensions and similar obligations
996
428
568
1,183
Provisions
3,829
3,738
91
4,260
Deferred tax liabilities
630
536
94
504
Total non-current assets
105,832
107,565
(1,733)
104,607
Total non-current liabilities
39,819
38,679
1,140
40,535
Trade receivables
22,010
39,428
(17,418)
32,387
Lease liabilities
3,736
3,536
200
3,577
Contract assets
5,466
8,392
(2,926)
5,785
Borrowings
1,969
2,352
(383)
814
Inventories
4,146
1,198
2,948
1,889
Trade payables
12,794
16,796
(4,002)
14,992
Other receivables
4,564
4,628
(64)
4,179
Accrued cost of services
8,814
14,257
(5,443)
12,085
Cash and cash equivalents
8,596
12,886
(4,290)
10,160
Provisions
2,093
2,315
(222)
2,407
Assets held for sale
59
40
19
38
Other payables
9,300
11,643
(2,343)
9,640
Tax payables
1,699
4,330
(2,631)
3,254
Total current assets
44,841
66,572
(21,731)
54,438
Total current liabilities
40,405
55,229
(14,824)
46,769
Total assets
150,673
174,137
(23,464)
159,045
Total equity and liabilities
150,673
174,137
(23,464)
159,045
Net working capital (NWC)
3,186
8,636
(5,450)
5,116
Net interest-bearing debt (NIBD)
32,333
27,277
5,056
29,870
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