At a board meeting on Friday, 29 April 2005, TK Development A/S
considered and adopted the 2004/05 Annual Report for the period from 1 February 2004 to 31 January 2005. In the 2004/05 financial year, TK Development realized a profit of DKK 15.8 mln. after tax against an estimated breakeven result of DKK 0 mln. after tax.
The balance sheet total at 31 January 2005 was DKK 1,237.3 mln. lower than the year before, amounting to DKK 5,525.3 mln. At 31 January 2005, equity totalled DKK 592.0 mln., and total capital resources amounted to DKK 1,370.8 mln., corresponding to 24.8 % of the balance sheet total.
TKD Nordeuropa A/S
At the same board meeting TKD Nordeuropa A/S considered and adopted the 2004/05 Annual Report for the period from 1 February 2004 to 31 January 2005.
In the 2004/05 financial year, TKD Nordeuropa recorded a profit after tax of DKK 21.0 mln. against an estimated profit of DKK 20 mln. after tax.
Source: TK Development