CODEABLE HOLDING II ApS

The principal activities comprise of owning shares in Codeable Holding III ApS.

Development in activities and financial and economic position

The subsidiaries Codeable Holding ApS and Codeable Holding III ApS has issued letters of support to the company, in which the subsidiaries declares that it will, through necessary contributions, assume responsibility for up to DKK 440,000, thereby ensuring the company's continued operations. Based on this letter of support and the management's assessment of the company's prospects for future earnings, the management believes that the company can continue its operations, and therefore, the annual report has been prepared with the expectation of continued operations.

Significant events after the end of the financial year

No events have occurred after the end of the financial year of material importance for the Company's financial position.

Joint liabilitiesThe Danish companies of the group is jointly and severally liable for tax on the group’s jointly taxed income and for certain possible withholding taxes such as dividend tax and royalty tax, and for the joint registration of VAT.

Tax payable of the group’s jointly taxed income amounts to DKK (‘000) 37 at the Balance Sheet date.