UIE PLC THIRD QUARTER REPORT
20 November 2017
CONTENTSUNITED INTERNATIONAL ENTERPRISES LIMITED
CONTENTS
6-20
21-32
UIE IN BRIEF
UIE in brief 3
Key Figures - Business Performance 4
UIE's Strategic Investments 5
DIRECTORS' REPORT
Financial Review - Business Reporting 6-9
UP 10-13
MSAB 14-16
Risk Factors 17
Outlook 18
Consolidated Key Figures 19
FINANCIAL SECTION
Consolidated Financial Statements 21-24
Notes to Consolidated Financial Statements 25-29
Statement by the Board of Directors
and the Management 30
Company Information 31
Abbreviations & Definitions 32
2 THIRD QUARTER REPORT 2017
CONTENTSUUNNIITTEEDD IINNTTEERRNNAATTIIOONNAALL EENNTTEERRPPRRIISSEESS LLIIMMIITTEEDD
UIE IN BRIEFU
nited International Enterprises Limited ("UIE") is a holding company which primarily invests in the agro-industrial sector.
UIE exercises long-term and active ownership via involvement at board level and via close dialogue with the management about ope- rational and strategic issues.
UIE is committed to invest in companies that value sustainability as one of their key guiding principles.
UIE was founded in 1982 and is listed on NASDAQ Copenhagen.
The investment portfolio mainly consists of the following two com- panies:
UNITED PLANTATIONS
BERHAD
47.3 %
UIE
1.7 %
MELKER SCHÖRLING AB
THIRD QUARTER REPORT 2017 3
UIE IN BRIEF
CONTENTSUNITED INTERNATIONAL ENTERPRISES LIMITED
UIE KEY FIGURES
BUSINESS PERFORMANCE1
NET PROFIT IN Q1-3 2017USD MILLION
50
40
30
UIE's net profit in the first nine months of 2017 amounted to USD20
10
0
Share of
Fair value
Fair value
Admin.
Other
Net
net profit | change and | change, | costs | items | profit |
in UP | dividend, MSAB | Greenbridge | 2016. |
14.2
USD
CASH AS AT 30 SEPTEMBER 201795
USD MILLION
SHARE PRICE AS AT 30 SEPTEMBER 20171,320
DKK
32% ON Q1-3 2016
1% ON YEAR-END 2016
6% ON YEAR-END 2016
NET PROFIT Q1-3 2017USD MILLION
SHAREHOLDERS' EQUITYUSD MILLION
MARKET VALUE OF UIE'S ASSETS AS AT 30 SEPTEMBER 2017USD MILLION
60 625
48 500
1,000
800
112
19% |
142 |
721 |
636 |
Holding Discount
36 375
600
24 250
400
12 125
200
0
2013 2014
2015
2016
2017
0
2013 2014
2015
2016
Q3 2017
0
Market value of UIE's Assets
UIE's market value
UP MSAB/Greenbridge Net current assets
1) See page 6 for further explanation of Business Reporting and Accounting Policies.
UIE IN BRIEF
4 THIRD QUARTER REPORT 2017
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