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Great Greenland's account shows growing deficit from 2000 to 2004 which is the year of the last published accounting report.
A 5-year summary 2000-2004 copied from the 2004 account of Great Greenland is shown below.
Note that a company surplus at DKK 6.6 mio in 2002 was turned into a deficit in 2003 at DKK 346,000. In 2004 the deficit had grown to DKK 2.5 mio while the company turnover increased from DKK 34 mio to DKK 51 mio in the same period.
Apparently, seal skin stocks have increased significantly from a value at DKK 4 mio in 2000 to more than DKK 34 mio in 2004.
Great Greenland started imports of significantly more Canadian seal pup skins in 2003. See the seal skin data 2000-2003 here.
The account information is available from the company database of the Danish Ministry of Economic and Bussiness Affairs here.
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Financial key figures show:
- That the "degree of surplus" has decreased from 28 percent in 2002 to -5 percent in 2004.
- That the yield interest of the net capital has decreased from 323 percent in 2000 to -3 percent in 2004.
- That the solvency ratio has increased from 3 percent in 2000 to 77 percent in 2004.
The figures in the tables are in thousand DKK
(DKK 1= EUR 0.13).
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