FOREST INTERTEC ApS

The Company’s primary activity consists of conducting business within development of and supplies to wind turbine projects. The activity is primarily conducted through group enterprises.

Development in activities and financesThe financial statements showed a loss of DKK 439k after which equity at 31 December 2023 is negative by DKK 15,149k, and the Company has thus lost the entire contributed capital. The performance of this year is as expected.

In June 2022, a preliminary stock purchase agreement was signed regarding one of the Company's SPCs.…

Recognition and measurement of the Company’s investment in development projects within wind energy, the related receivables from group enterprises, which are recognised at DKK 14.756.212, are subject to uncertainty.

The repayment of the Company’s investments in the SPCs is dependent on one or more of the underlying wind projects being realised at a profit, which Management considers realistic based on the environmental approval and the general progress of the project. 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 in which Wind Holding I ApS serves as the admini-stration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is there-fore liable for the jointly taxed entities. The total known net liability of the jointly taxed entities under the joint taxation arrangement is evident from the administration company’s financial statements.