UAV Holding ApS

Description of key activities of the companyLike previous years, the activities are holding company activities.

Development in activities and financial mattersThe gross profit for the year totals DKK 8.221thousand against DKK 1.082thousand last year. Profit or loss from ordinary activities after tax totals DKK 0thousand against DKK 11.700thousand last year. Management considers the net profit or loss for the year satisfactory.

Development for the year relative to the expectationsThe primary reason for the deviation between the projected and actual profit or loss from ordinary activities after tax is the development in group enterprises.

Expected developmentsIn the coming year, net profit for the Company is expected to be in the same range as the current year.

Events occurring after the end of the financial yearNo events have occured after the balance sheet date which could significantly affect the financial position.

8.Contractual obligations and contingencies, etc.

Joint taxationWith BOSTON NORDIC GROUP A/S, company reg. no 13 90 72 77 as administration company, the company is subject to the Danish scheme of joint taxation and unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for the total corporation tax.…

7.Charges and securityUAV Holding ApS has issued a guarantee of payment, suretyship against the group enterprises bank facility.