PROJECTUM ApS

The company's main activity consists of consulting, development, implementation and support of professional portfolio, resource and project management as well as Business Intelligence solutions in typically larger global companies that want to improve, manage and ensure the best possible operation through the efforts of their resources.

Charges and security The following assets have been placed as security with bankers: Property, plant and equipment 706679 984781 Trade receivables 13181722 12621561 Projectum ApS has provided company charge amounting to TDKK 15,000 as security for debt Rental and lease obligations Lease obligations under operating leases. Total future lease payments: Within 1 year 864322 881663 Total 864322 881663 Guarantee obligations The company has provided a surety for Delegate A/S' debt to credit institutions.

Other contingent liabilities

The Danish group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of Broad Horizon Denmark ApS, which is the management company of the joint taxation purposes. Moreover, the Danish group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability.