CloudPartners A/S

The income statement of the Company for 2018/19 shows a profit of DKK 110,588, and at 30 September 2019 the balance sheet of the Company shows equity of DKK 2,770,889.

The significant activities of the enterprise CloudPartners A/S (CloudPartners) provides cloud-solutions, consultancy and services to private enterprises and public organizations in Denmark. The technological areas of focus are mainly within Cloud-based services and solutions for a variety og technologies spanning from basic network, infrastructure and security to IoT platforms BIG Data Analytic solutions. The services are based primarily on Amazon Web Services (AWS). Cloudpartners also offers its unique, Partner-Led Support model with 24x7 availability and proactive ticket handling and other services that give customers direct access to highly certified network consultants, fast troubleshooting and stable operation.

Cloudpartners is certified AWS Advansed Consulting Partners, AWS Resellers and Enterprise Support Partners.

Recognition and measurement in the Annual Report have not been subject to any uncertainty. Events subsequently to the financial year The outbreak of the Corona virus during the beginning of 2020 is going to affect the world economy, and the related implications are going to create instability and uncertainty on the global markets throughout 2020. At the time of completing this annual report the impact and complete extent of the corona virus on the global healthcare and world's economy is undetermined, as the outbreak is still evolving and has yet not been contained or controlled in any country. Consequently, the Corona virus is also affecting the countries and markets in which Conscia and the Group operates.

Management has evaluated the potential impact of the Corona virus on the Company'…

Rental and lease obligations Lease obligation 0 27.000 Rental obligation 327.000 143.000

Other contingent liabilities

The 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 AX IV Con ApS and Capnor Connery HoldCo A/S, which is the management companies of the joint taxation purposes for 2018/19. Moreover, the 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.