Implicit ApS

The company's principal activities are to provide IT consultancy.

Development in activities and financial and economic position

As the conditions, which are required to assess the company's assets and liabilities, the financial position and results of the operations during the year, are shown in the balance sheet and the income statement and the notes, we refer hereto.

Future expectations

Implicit ApS is expected to be merged with Monstarlab Denmark ApS in 2021.

Significant events after the end of the financial year

The Covid-19 situation in Denmark in 2020 has also had an impact on the operations in Implicit ApS. The Management of Implicit ApS have followed recommendations from the authorities during 2020, and have managed the company aligned with the shareholders, and based on the change of circumstances. The shareholders of Monstarlab EMEA Holding ApS and related companies are continuously reviewing the status of the group, and will support financially, to ensure that Implicit ApS as a group subsidiary at any time is in a position to fulfil any and all obligations.

Significant events after the end of the financial year 8

The Covid-19 situation in 2021 has also had an impact on the operations of the group. The management have followed recommendations from the authorities during 2020, and have managed the company aligned with the shareholders, and based on the change of circumstances. The shareholders of Monstarlab EMEA Holding ApS and related companies are continuously reviewing the status of the group, and will support financially, to ensure that the subsidiaries at any time is in a position to fulfil any and all obligations.

Joint liabilities The company is jointly and severally liable together with the parent company and the other group companies in the joint taxable group for tax on the group’s joint taxable income and for certain possible withholding taxes, such as dividend tax, etc.

Tax payable on the Group’s joint taxable income is stated in the annual report of Monstarlab EMEA Holding ApS, which serves as management company for the joint taxation.