INTERTEC WIND A/S

The Company's objective is to be engaged in the development and supply of wind farm projects and related activities.

Recognition and measurement of the Company's assets held for sale as well as other receivables relating to the Company's investment in development projects within wind energy are subject to uncertainty. ​ ​The repayment depends on one or more of the underlying wind project being realised at a profit, which Management considers realistic based on the agreements concluded, authority approvals and permissions obtained as well as the general progress of the projects. Management is obviously aware of the long-term time perspectives in projects of this kind.

Recognition and measurement of the Company's assets held for sale as well as other receivables relating to the Company's investment in development projects within wind energy are subject to uncertainty. ​​The repayment depends on one or more of the underlying wind project being realised at a profit, which ​Management considers realistic based on the agreements concluded, authority approvals and permissions ​obtained as well as the general progress of the projects. Management is obviously aware of the long-term time​perspectives in projects of this kind.

No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

The Entity participates in a Danish joint taxation arrangement where Majus ApSserves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc. for the jointly taxed entities, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.