Ppg Coatings Danmark A/S

The Company's principal activities PPG Coatings Danmark A/S is wholly owned by PPG Industries with head office in Pittsburgh, USA. The Company's principal activities consist in sale of paint, wood preservative coating and special-purpose products to distributors. The products are purchase internally in the PPG Group and from external suppliers. The distribution takes place via Sigma distributors in Denmark and Sweden. It is PPG Coatings' objective to deliver quality products, and on a current basis PPG develops technologies that provide further advantages to the customers. Uncertainty relating to recognition or measurement There is no material uncertainty regarding recognition or measurement. Exceptional circumstances No exceptional circumstances have affected recognition or measurement. Development in activities and financial matters The Company's Income Statement of the financial year 01-01-2016 - 31-12-2016 shows a result of DKK 12.634.972 and the Balance Sheet at 31-12-2016 a balance sheet total of DKK 82.506.917 and an equity of DKK 64.313.036. Expectations for the future The company expects its operating profit to be between million DKK 14 and million DKK 16 for 2017 Intellectual capital resources The existing and future employees in PPG Coatings Danmark A/S are a key asset to the Company's operations. It will therefore be pivotal that our employees have the right competences to be able also to tackle future challenges. PPG directs targeted worldwide efforts at developing its employees to meet future requirements, and PPG Coatings Danmark A/S is comprised by this program. It is the management's assessment that PPG Coatings Danmark A/S has the right competences to develop its business positively going forward. Environmental issues PPG Coatings Danmark A/S directs targeted efforts at minimizing its environmental impact, both when it comes to products and the external environment impact. The parent company PPG Industries has its own environmental management system which PPG Coatings Danmark A/S has committed to implementing. PPG pursues objectives of ensuring no waste to the external environment and no occupational accidents in all group enterprises world-wide. Net profit/loss for the year compared with expected developments in the most recently published annual report The result is higher than expected mainly due to higher gross profit than expected.

Development in activities and financial matters The Company's Income Statement of the financial year 01-01-2016 - 31-12-2016 shows a result of DKK 12.634.972 and the Balance Sheet at 31-12-2016 a balance sheet total of DKK 82.506.917 and an equity of DKK 64.313.036.