INFUSER IP ApS

The company’s main activities are to develop, promote and sell environmentally friendly disinfection technologies.

Development in activities and financesThe loss of the year is DKK (3,210) thousand. Total assets amounts to DKK 4,531 thousand and equity is DKK 4,453 thousand.

Completed development projects and acquired patents total DKK 3,437 k. The assets are measured at cost after depreciation and amortiziation. Since there has been no significant income related the mentioned projects and patents, the measurement is subject to significant uncertainty. Management is confident that income and cash flow related to projects and patents will be significant and that the significant uncertainty primarily relates to the timing of income and cash flow. It is the opinion of Management that the net booked value of development projects and the related patents is not subject to impairment.

The repayment of the Company's receivables from group enterprises depends on these group enterprises’ ability to continue as going concerns. As material uncertainty is related to this fact, the valuation of the receivables from group enterprises is affected by the same uncertainty. Management expects that the receivables will be settled at the value recognised in the financial statements.

The management is in dialogue with potential investors and expect new capital before the end of 2021. This capital will ensure both the capital structure of the company and group, and secure the cashflow needs to roll out the subsidiaries business plans. Management in the process of defining the investment terms with a potential new investors securing a significant capital injection, that will ensure both the capital structure as well as the cash flow needs for 2021.

No events other than above 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 where Infuser Holding ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.