REF IVV BidCo ApS

The purpose of the company is to own shares, to make investments and asset management, to provide management services or other services to its subsidiaries and other business related hereto.

As part of the financial statements for the year, the company has recognized a deferred tax asset based on expectations of future taxable income. Management assesses the recoverability of the deferred tax asset as probable, but it remains subject to uncertainty due to assumptions regarding future earnings and timing.​​Furthermore, the company has recognized goodwill in connection with investments in subsidiaries. The valuation ​of these investments, including the goodwill component, is subject to estimation uncertainty. Management regularly performs assessments for impairment, taking into account expected future earnings and the strategic importance of the subsidiaries to the Group. At the balance sheet date, no indication of impairment was identified.

Subsequent to the balance sheet date, the Group, through one of its subsidiaries, completed a strategic acquisition of a complementary business. In addition, the Group has received capital contributions to support its continued development, financial position and acquisition.​​Management has assessed that these events do not give rise to any adjustment to the recognition or measurement of items in the financial statements. No other 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 where REF IVV TopCo 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.