ALLFLEX DAN-MARK ApS

The Company's main activity is the manufacture and sale of earmarking products to the agricultural sector.

The income statement of the Company for 2025 shows a profit of TDKK 1,899, and at 31 December 2025 the balance sheet of the Company shows an equity of TDKK 23,800. In 2025, the Group has decided to look into a restructuring of its sale and distribution setup for earmarking products to the agricultural sector. However, no measures have been taken during the year that had an impact on the development for the year.

We refer to note 1 of the Financial Statements for disclosure regarding uncertainty relating to recognition and measurement.

GoodwillThe Group has decided to look into a restructuring of its sale and distribution setup for earmarking products to the agricultural sector. Currently, the plan for the restructuring is not determined in full, but it is expected that the sale and distribution setup will change over the next years. A change in the sale and distribution setup can rise uncertainty regarding the measurement of goodwill recognized in the financial statements with a carrying amount of DKK 12.8 million. Depending on the future setup, this may raise uncertainty as to whether the goodwill can continue to be utilized or whether an impairment write-down may be required.At present, it remains uncertain whether the restructuring will have an impact on the recognized goodwill. Consequently, Management has assessed that no impairment of goodwill should be recognized at this stage, due to the uncertainty surrounding the restructuring plans and the related timeline.

No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date.

Rental and lease obligationsRental and lease commitments consist of non-terminability premises rent with one month remaining, amounting to DKK 990, and vehicle lease commitments amounting to DKK 222k.

Other contingent liabilities

The Danish group companies of Merck & Co. are jointly and severally liable for tax on the jointly taxed incomes etc of the Group, with MSD Danmark ApS as the management company of the joint taxation. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company’s liability.