37206350 2023-01-01 2023-12-31 37206350 2023-01-01 2023-12-31 0 37206350 2023-01-01 2023-12-31 0 37206350 2022-01-01 2022-12-31 1 37206350 2021-01-01 2021-12-31 2 37206350 2020-01-01 2020-12-31 3 37206350 2019-01-01 2019-12-31 4 37206350 2022-01-01 2022-12-31 37206350 2021-01-01 2021-12-31 37206350 2020-01-01 2020-12-31 37206350 2019-01-01 2019-12-31 37206350 2023-12-31 37206350 2022-12-31 37206350 2021-12-31 37206350 2020-12-31 37206350 2019-12-31 37206350 2023-01-01 2023-12-31 0 iso4217:DKK xbrli:pure Regnskabsklasse C, mellemstor virksomhed 2023-01-01 2023-12-31 37206350 2024-07-01 Neuman Leverett <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Ledelsespåtegning</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Management’s Statement on the Annual Report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Direktionen har dags dato behandlet og god-</td></tr><tr><td colspan="1">kendt årsrapporten for regnskabsåret 1. januar</td></tr><tr><td colspan="1">- 31. december 2023 for Indicor GM Denmark</td></tr><tr><td colspan="1">Holdings ApS.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>The Executive Board have today considered</td></tr><tr><td /><td>and adopted the Annual Report of Indicor GM</td></tr><tr><td /><td>Denmark Holdings ApS for the financial year</td></tr><tr><td /><td>January 1 – December 31, 2023.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Årsrapporten er udarbejdet i overensstemmel-</td></tr><tr><td colspan="1">se med årsregnskabsloven.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>The Annual Report is prepared in accordance</td></tr><tr><td /><td>with the Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Årsregnskabet giver efter vores opfattelse et</td></tr><tr><td colspan="1">retvisende billede af selskabets aktiver, passi-</td></tr><tr><td colspan="1">ver og finansielle stilling pr. 31. december</td></tr><tr><td colspan="1">2023 samt af resultatet af selskabets aktivite-</td></tr><tr><td colspan="1">ter for 2023.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>In our opinion, the Financial Statements give a</td></tr><tr><td /><td>true and fair view of the financial position at</td></tr><tr><td /><td>December 31, 2023 of the Company and of</td></tr><tr><td /><td>the results of the Company operations for</td></tr><tr><td /><td>2023</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Ledelsesberetningen indeholder efter vores</td></tr><tr><td colspan="1">opfattelse en retvisende redegørelse for de</td></tr><tr><td colspan="1">forhold, beretningen omhandler.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>In our opinion, Management's Review includes</td></tr><tr><td /><td>a true and fair account of the matters ad-</td></tr><tr><td /><td>dressed in the Review.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Årsrapporten indstilles til generalforsamlingens</td></tr><tr><td colspan="1">godkendelse.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>We recommend that the Annual Report be</td></tr><tr><td /><td>adopted at the Annual General Meeting.</td></tr></table> København 2024-07-01 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Den uafhængige revisors revisionspåtegning</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Independent Auditor’s Report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Til kapitalejerne i Indicor GM Denmark Holdings ApS</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>To the Shareholders of GM Denmark Holdings ApS</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Konklusion</td></tr><tr><td colspan="1">Vi har revideret årsregnskabet for Indicor In-</td></tr><tr><td colspan="1">dustries Denmark ApS for regnskabsåret 1.</td></tr><tr><td colspan="1">januar - 31. december 2023, der omfatter an-</td></tr><tr><td colspan="1">vendt regnskabspraksis, resultatopgørelse,</td></tr><tr><td colspan="1">balance, egenkapitalopgørelse og noter. Års-</td></tr><tr><td colspan="1">regnskabet udarbejdes efter årsregnskabslo-</td></tr><tr><td colspan="1">ven.</td></tr><tr><td colspan="1">Det er vores opfattelse, at årsregnskabet giver</td></tr><tr><td colspan="1">et retvisende billede af selskabets aktiver,</td></tr><tr><td colspan="1">passiver og finansielle stilling pr. 31. decem-</td></tr><tr><td colspan="1">ber 2023 samt af resultatet af selskabets akti-</td></tr><tr><td colspan="1">viteter for regnskabsåret 1. januar - 31. De-</td></tr><tr><td colspan="1">cember 2023 i overensstemmelse med års-</td></tr><tr><td colspan="1">regnskabsloven.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Opinion</td></tr><tr><td /><td>We have audited the financial statements of</td></tr><tr><td /><td>Indicor Industries Denmark ApS for the finan-</td></tr><tr><td /><td>cial year 1 January - 31 December 2023,</td></tr><tr><td /><td>which comprise a summary of significant ac-</td></tr><tr><td /><td>counting policies, income statement, balance</td></tr><tr><td /><td>sheet, statement of changes in equity and</td></tr><tr><td /><td>notes, for the Company. The financial state-</td></tr><tr><td /><td>ments are prepared under the Financial Sta-</td></tr><tr><td /><td>tements Act.</td></tr><tr><td /><td>In our opinion, the financial statements give a</td></tr><tr><td /><td>true and fair view of the financial position of the</td></tr><tr><td /><td>Company at 31 December 2023, and of the re-</td></tr><tr><td /><td>sults of the Company's operations for the fi-</td></tr><tr><td /><td>nancial year 1 January - 31 December 2023 in</td></tr><tr><td /><td>accordance with the Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Grundlag for konklusion</td></tr><tr><td colspan="1">Vi har udført vores revision i overensstemmel-</td></tr><tr><td colspan="1">se med internationale standarder om revision</td></tr><tr><td colspan="1">og de yderligere krav, der er gældende i Dan-</td></tr><tr><td colspan="1">mark. Vores ansvar ifølge disse standarder og</td></tr><tr><td colspan="1">krav er nærmere beskrevet i revisionspåteg-</td></tr><tr><td colspan="1">ningens afsnit ”Revisors ansvar for revisionen</td></tr><tr><td colspan="1">af årsregnskabet”. Vi er uafhængige af selska-</td></tr><tr><td colspan="1">bet i overensstemmelse med International</td></tr><tr><td colspan="1">Ethics Standards Board for Accountants' in-</td></tr><tr><td colspan="1">ternationale retningslinjer for revisorers etiske</td></tr><tr><td colspan="1">adfærd (IESBA Code) og de yder- ligere etiske</td></tr><tr><td colspan="1">krav, der er gældende i Danmark, ligesom vi</td></tr><tr><td colspan="1">har opfyldt vores øvrige etiske forpligtelser i</td></tr><tr><td colspan="1">henhold til disse krav og IESBA Code. Det er</td></tr><tr><td colspan="1">vores opfattelse, at det opnåede revisions-</td></tr><tr><td colspan="1">bevis er tilstrækkeligt og egnet som grundlag</td></tr><tr><td colspan="1">for vores konklusion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Basis for Opinion</td></tr><tr><td /><td>We conducted our audit in accordance with</td></tr><tr><td /><td>International Standards on Auditing (ISAs) and</td></tr><tr><td /><td>the additional requirements applicable in</td></tr><tr><td /><td>Denmark. Our responsibilities under those</td></tr><tr><td /><td>standards and requirements are further de-</td></tr><tr><td /><td>scribed in the “Auditor’s Responsibilities for</td></tr><tr><td /><td>the Audit of the Financial Statements” section</td></tr><tr><td /><td>of our report. We are independent of the</td></tr><tr><td /><td>Company in accordance with the International</td></tr><tr><td /><td>Ethics Standards Board for Accountants’ In-</td></tr><tr><td /><td>ternational Code of Ethics for Professional Ac-</td></tr><tr><td /><td>countants (IESBA Code) and the additional</td></tr><tr><td /><td>ethical requirements applicable in Denmark,</td></tr><tr><td /><td>and we have fulfilled our other ethical re-</td></tr><tr><td /><td>sponsibilities in accordance with these requi-</td></tr><tr><td /><td>rements and the IESBA Code. We believe</td></tr><tr><td /><td>that the audit evidence we have obtained is</td></tr><tr><td /><td>sufficient and appropriate to provide a basis</td></tr><tr><td /><td>for our opinion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Ledelsens ansvar for årsregnskabet</td></tr><tr><td colspan="1">Ledelsen har ansvaret for udarbejdelsen af et</td></tr><tr><td colspan="1">årsregnskab, der giver et retvisende billede i</td></tr><tr><td colspan="1">overensstemmelse med årsregnskabsloven.</td></tr><tr><td colspan="1">Ledelsen har endvidere ansvaret for den in-</td></tr><tr><td colspan="1">terne kontrol, som ledelsen anser nødvendig</td></tr><tr><td colspan="1">for at udarbejde et årsregnskab uden væsent-</td></tr><tr><td colspan="1">lig fejlinformation, uanset om denne skyldes</td></tr><tr><td colspan="1">besvigelser eller fejl.</td></tr><tr><td colspan="1">Ved udarbejdelsen af årsregnskabet er ledel-</td></tr><tr><td colspan="1">sen ansvarlig for at vurdere selskabets evne til</td></tr><tr><td colspan="1">at fortsætte driften; at oplyse om forhold ved-</td></tr><tr><td colspan="1">rørende fortsat drift, hvor dette er relevant;</td></tr><tr><td colspan="1">samt at udarbejde årsregnskabet på grundlag</td></tr><tr><td colspan="1">af regnskabsprincippet om fortsat drift, med-</td></tr><tr><td colspan="1">mindre ledelsen enten har til hensigt at likvide-</td></tr><tr><td colspan="1">re selskabet, indstille driften eller ikke har an-</td></tr><tr><td colspan="1">det realistisk alternativ end at gøre dette.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Management’s Responsibilities for the Financial Statements</td></tr><tr><td /><td>Management is responsible for the preparation</td></tr><tr><td /><td>of financial statements that give a true and</td></tr><tr><td /><td>fair view in accordance with the Danish Finan-</td></tr><tr><td /><td>cial Statements Act, and for such internal con-</td></tr><tr><td /><td>trol as Management determines is necessary</td></tr><tr><td /><td>to enable the preparation of financial state-</td></tr><tr><td /><td>ments that are free from material misstate-</td></tr><tr><td /><td>ment, whether due to fraud or error.</td></tr><tr><td /><td>In preparing the financial statements, Man-</td></tr><tr><td /><td>agement is responsible for assessing the</td></tr><tr><td /><td>Company’s ability to continue as a going con-</td></tr><tr><td /><td>cern, disclosing, as applicable, matters related</td></tr><tr><td /><td>to going concern and using the going concern</td></tr><tr><td /><td>basis of accounting in preparing the financial</td></tr><tr><td /><td>statements unless Management either intends</td></tr><tr><td /><td>to liquidate the Company or to cease opera-</td></tr><tr><td /><td>tions, or has no realistic alternative but to do</td></tr><tr><td /><td>so.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Revisors ansvar for revisionen af årsregnskabet</td></tr><tr><td colspan="1">Vores mål er at opnå høj grad af sikkerhed for,</td></tr><tr><td colspan="1">om årsregnskabet som helhed er uden væ-</td></tr><tr><td colspan="1">sentlig fejlinformation, uanset om denne skyl-</td></tr><tr><td colspan="1">des besvigelser eller fejl, og at afgive en revi-</td></tr><tr><td colspan="1">sionspåtegning med en konklusion. Høj grad</td></tr><tr><td colspan="1">af sikkerhed er et højt niveau af sikkerhed,</td></tr><tr><td colspan="1">men er ikke en garanti for, at en revision, der</td></tr><tr><td colspan="1">udføres i overensstemmelse med internationa-</td></tr><tr><td colspan="1">le standarder om revision og de yderligere</td></tr><tr><td colspan="1">krav, der er gældende i Danmark, altid vil af-</td></tr><tr><td colspan="1">dække væsentlig fejlinformation, når sådan</td></tr><tr><td colspan="1">findes. Fejlinformationer kan opstå som følge</td></tr><tr><td colspan="1">af besvigelser eller fejl og kan betragtes som</td></tr><tr><td colspan="1">væsentlige, hvis det med rimelighed kan for-</td></tr><tr><td colspan="1">ventes, at de enkeltvis eller samlet har indfly-</td></tr><tr><td colspan="1">delse på de økonomiske beslutninger, som</td></tr><tr><td colspan="1">regnskabsbrugerne træffer på grundlag af års-</td></tr><tr><td colspan="1">regnskabet.</td></tr><tr><td colspan="1">Som led i en revision, der udføres i overens-</td></tr><tr><td colspan="1">stemmelse med internationale standarder</td></tr><tr><td colspan="1">om revision og de yderligere krav, der er gæl-</td></tr><tr><td colspan="1">dende i Danmark, foretager vi faglige vurde-</td></tr><tr><td colspan="1">ringer og opretholder professionel skepsis un-</td></tr><tr><td colspan="1">der revisionen. Herudover</td></tr><tr><td colspan="1">• Identificerer og vurderer vi risikoen for</td></tr><tr><td colspan="1">væsentlig fejlinformation i årsregnska-</td></tr><tr><td colspan="1">bet, uanset om denne skyldes besvi-</td></tr><tr><td colspan="1">gelser eller fejl, udformer og udfører</td></tr><tr><td colspan="1">revisionshandlinger som reaktion på</td></tr><tr><td colspan="1">disse risici samt opnår revisionsbevis,</td></tr><tr><td colspan="1">der er tilstrækkeligt og egnet til at dan-</td></tr><tr><td colspan="1">ne grundlag for vores konklusion. Risi-</td></tr><tr><td colspan="1">koen for ikke at opdage væsentlig fejl-</td></tr><tr><td colspan="1">information forårsaget af besvigelser er</td></tr><tr><td colspan="1">højere end ved væsentlig fejlinformati-</td></tr><tr><td colspan="1">on forårsaget af fejl, idet besvigelser</td></tr><tr><td colspan="1">kan omfatte sammensværgelser, do-</td></tr><tr><td colspan="1">kumentfalsk, bevidste udeladelser,</td></tr><tr><td colspan="1">vildledning eller tilsidesættelse af in-</td></tr><tr><td colspan="1">tern kontrol</td></tr><tr><td colspan="1">• Opnår vi forståelse af den interne kon-</td></tr><tr><td colspan="1">trol med relevans for revisionen for at</td></tr><tr><td colspan="1">kunne udforme revisionshandlinger,</td></tr><tr><td colspan="1">der er passende efter omstændighe-</td></tr><tr><td colspan="1">derne, men ikke for at kunne udtrykke</td></tr><tr><td colspan="1">en konklusion om effektiviteten af sel-</td></tr><tr><td colspan="1">skabets interne kontrol.</td></tr><tr><td colspan="1">• Tager vi stilling til, om den regnskabs-</td></tr><tr><td colspan="1">praksis, som er anvendt af ledelsen, er</td></tr><tr><td colspan="1">passende, samt om de regnskabs-</td></tr><tr><td colspan="1">mæssige skøn og tilknyttede oplysnin-</td></tr><tr><td colspan="1">ger, som ledelsen har udarbejdet, er</td></tr><tr><td colspan="1">rimelige.</td></tr><tr><td colspan="1">• Konkluderer vi, om ledelsens udarbej-</td></tr><tr><td colspan="1">delse af årsregnskabet på grundlag af</td></tr><tr><td colspan="1">regnskabsprincippet om fortsat drift er</td></tr><tr><td colspan="1">passende, samt om der på grundlag af</td></tr><tr><td colspan="1">det opnåede revisionsbevis er væsentlig</td></tr><tr><td colspan="1">usikkerhed forbundet med begivenheder</td></tr><tr><td colspan="1">eller forhold, der kan skabe betydelig</td></tr><tr><td colspan="1">tvivl om selskabets evne til at fortsætte</td></tr><tr><td colspan="1">driften. Hvis vi konkluderer, at der er en</td></tr><tr><td colspan="1">væsentlig usikkerhed, skal vi i vores re-</td></tr><tr><td colspan="1">visionspåtegning gøre opmærksom på</td></tr><tr><td colspan="1">oplysninger herom i årsregnskabet eller,</td></tr><tr><td colspan="1">hvis sådanne oplysninger ikke er til-</td></tr><tr><td colspan="1">strækkelige, modificere vores konklusi-</td></tr><tr><td colspan="1">on. Vores konklusioner er baseret på det</td></tr><tr><td colspan="1">revisionsbevis, der er opnået frem til</td></tr><tr><td colspan="1">datoen for vores revisionspåtegning.</td></tr><tr><td colspan="1">Fremtidige begivenheder eller forhold</td></tr><tr><td colspan="1">kan dog medføre, at selskabet ikke</td></tr><tr><td colspan="1">længere kan fortsætte driften.</td></tr><tr><td colspan="1">• Tager vi stilling til, om den regnskabs-</td></tr><tr><td colspan="1">praksis, som er anvendt af ledelsen, er</td></tr><tr><td colspan="1">passende, samt om de regnskabsmæs-</td></tr><tr><td colspan="1">sige skøn og tilknyttede oplysninger,</td></tr><tr><td colspan="1">som ledelsen har udarbejdet, er rimeli-</td></tr><tr><td colspan="1">ge.</td></tr><tr><td colspan="1">Vi kommunikerer med den øverste ledelse om</td></tr><tr><td colspan="1">blandt andet det planlagte omfang og den</td></tr><tr><td colspan="1">tidsmæssige placering af revisionen samt be-</td></tr><tr><td colspan="1">tydelige revisionsmæssige observationer, her-</td></tr><tr><td colspan="1">under eventuelle betydelige mangler i intern</td></tr><tr><td colspan="1">kontrol, som vi identificerer under revisionen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Auditor’s Responsibilities for the Audit of the Financial Statements</td></tr><tr><td /><td>Our objectives are to obtain reasonable assur-</td></tr><tr><td /><td>ance about whether the financial statements</td></tr><tr><td /><td>as a whole are free from material misstate-</td></tr><tr><td /><td>ment, whether due to fraud or error, and to</td></tr><tr><td /><td>issue an auditor’s report that includes our</td></tr><tr><td /><td>opinion. Reasonable assurance is a high lev-</td></tr><tr><td /><td>el of assurance but is not a guarantee that</td></tr><tr><td /><td>an audit conducted in accordance with ISAs</td></tr><tr><td /><td>and the additional requirements applicable in</td></tr><tr><td /><td>Denmark will always detect a material mis-</td></tr><tr><td /><td>statement when it exists. Misstatements can</td></tr><tr><td /><td>arise from fraud or error and are considered</td></tr><tr><td /><td>material if, individually or in the aggregate,</td></tr><tr><td /><td>they could reasonably be expected to influ-</td></tr><tr><td /><td>ence the economic decisions of users taken on</td></tr><tr><td /><td>the basis of these financial statements.</td></tr><tr><td /><td>As part of an audit conducted in accordance</td></tr><tr><td /><td>with ISAs and the additional requirements ap-</td></tr><tr><td /><td>plicable in Denmark, we exercise professional</td></tr><tr><td /><td>judgment and maintain professional skepticism</td></tr><tr><td /><td>throughout the audit. We also</td></tr><tr><td /><td>• Identify and assess the risks of material</td></tr><tr><td /><td>misstatement of the financial state-</td></tr><tr><td /><td>ments, whether due to fraud or error,</td></tr><tr><td /><td>design and perform audit procedures</td></tr><tr><td /><td>responsive to those risks, and obtain</td></tr><tr><td /><td>audit evidence that is sufficient and</td></tr><tr><td /><td>appropriate to provide a basis for our</td></tr><tr><td /><td>opinion. The risk of not detecting a ma-</td></tr><tr><td /><td>terial misstatement resulting from fraud</td></tr><tr><td /><td>is higher than for one resulting from er-</td></tr><tr><td /><td>ror as fraud may involve collusion, for-</td></tr><tr><td /><td>gery, intentional omissions, misrepre-</td></tr><tr><td /><td>sentations, or the override of internal</td></tr><tr><td /><td>control.</td></tr><tr><td /><td>• Obtain an understanding of internal</td></tr><tr><td /><td>control relevant to the audit in order to</td></tr><tr><td /><td>design audit procedures that are ap-</td></tr><tr><td /><td>propriate in the circumstances, but not</td></tr><tr><td /><td>for the purpose of expressing an opin-</td></tr><tr><td /><td>ion on the effectiveness of the Compa-</td></tr><tr><td /><td>ny’s internal control.</td></tr><tr><td /><td>• Evaluate the appropriateness of ac-</td></tr><tr><td /><td>counting policies used and the rea-</td></tr><tr><td /><td>sonableness of accounting estimates</td></tr><tr><td /><td>and related disclosures made by Man-</td></tr><tr><td /><td>agement.</td></tr><tr><td /><td>• Conclude on the appropriateness of</td></tr><tr><td /><td>Management’s use of the going con-</td></tr><tr><td /><td>cern basis of accounting in preparing</td></tr><tr><td /><td>the financial statements and, based on</td></tr><tr><td /><td>the audit evidence obtained, whether a</td></tr><tr><td /><td>material uncertainty exists related to</td></tr><tr><td /><td>events or conditions that may cast sig-</td></tr><tr><td /><td>nificant doubt on the Company’s ability</td></tr><tr><td /><td>to continue as a going concern. If we</td></tr><tr><td /><td>conclude that a material uncertainty ex-</td></tr><tr><td /><td>ists, we are required to draw attention</td></tr><tr><td /><td>in our auditor’s report to the related</td></tr><tr><td /><td>disclosures in the financial statements</td></tr><tr><td /><td>or, if such disclosures are inadequate,</td></tr><tr><td /><td>to modify our opinion. Our conclusions</td></tr><tr><td /><td>are based on the audit evidence ob-</td></tr><tr><td /><td>tained up to the date of our auditor’s</td></tr><tr><td /><td>report. However, future events or con-</td></tr><tr><td /><td>ditions may cause the Company to</td></tr><tr><td /><td>cease to continue as a going concern.</td></tr><tr><td /><td>• Evaluate the appropriateness of ac-</td></tr><tr><td /><td>counting policies used and the reason-</td></tr><tr><td /><td>ableness of accounting estimates and</td></tr><tr><td /><td>related disclosures made by Manage-</td></tr><tr><td /><td>ment.</td></tr><tr><td /><td>We communicate with those charged with</td></tr><tr><td /><td>governance regarding, among other matters,</td></tr><tr><td /><td>the planned scope and timing of the audit and</td></tr><tr><td /><td>significant audit findings, including any signifi-</td></tr><tr><td /><td>cant deficiencies in internal control that we</td></tr><tr><td /><td>identify during our audit.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Udtalelse om ledelsesberetningen</td></tr><tr><td colspan="1">Ledelsen er ansvarlig for ledelsesberetningen.</td></tr><tr><td colspan="1">Vores konklusion om årsregnskabet omfatter</td></tr><tr><td colspan="1">ikke ledelsesberetningen, og vi udtrykker</td></tr><tr><td colspan="1">ingen form for konklusion med sikkerhed om</td></tr><tr><td colspan="1">ledelsesberetningen.</td></tr><tr><td colspan="1">I tilknytning til vores revision af årsregnskabet</td></tr><tr><td colspan="1">er det vores ansvar at læse ledelsesberetningen</td></tr><tr><td colspan="1">og i den forbindelse overveje, om ledelsesberetningen</td></tr><tr><td colspan="1">er væsentligt inkonsistent med</td></tr><tr><td colspan="1">årsregnskabet eller vores viden opnået ved</td></tr><tr><td colspan="1">revisionen eller på anden måde synes at indeholde</td></tr><tr><td colspan="1">væsentlig fejlinformation.</td></tr><tr><td colspan="1">Vores ansvar er derudover at overveje, om ledelsesberetningen</td></tr><tr><td colspan="1">indeholder krævede oplysninger</td></tr><tr><td colspan="1">i henhold til årsregnskabsloven.</td></tr><tr><td colspan="1">Baseret på det udførte arbejde er det vores</td></tr><tr><td colspan="1">opfattelse, at ledelsesberetningen er i over-</td></tr><tr><td colspan="1">ensstemmelse med årsregnskabet og er udar-</td></tr><tr><td colspan="1">bejdet i overensstemmelse med årsregnskabs-</td></tr><tr><td colspan="1">lovens krav. Vi har ikke fundet væsentlig fejlin-</td></tr><tr><td colspan="1">formation i ledelsesberetningen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Statement on Management’s Review</td></tr><tr><td /><td>Management is responsible for Manage-</td></tr><tr><td /><td>ment’s Review.</td></tr><tr><td /><td>Our opinion on the financial statements does</td></tr><tr><td /><td>not cover Management’s Review, and we do</td></tr><tr><td /><td>not express any form of assurance conclusion</td></tr><tr><td /><td>thereon.</td></tr><tr><td /><td>In connection with our audit of the financial</td></tr><tr><td /><td>statements, our responsibility is to read Man-</td></tr><tr><td /><td>agement’s Review and, in doing so, consider</td></tr><tr><td /><td>whether Management’s Review is materially</td></tr><tr><td /><td>inconsistent with the financial statement or our</td></tr><tr><td /><td>knowledge obtained during the audit, or oth-</td></tr><tr><td /><td>erwise appears to be materially misstated.</td></tr><tr><td /><td>Moreover, it is our responsibility to consider</td></tr><tr><td /><td>whether Management’s Review provides the</td></tr><tr><td /><td>information required under the Danish Fi-</td></tr><tr><td /><td>nancial Statements Act.</td></tr><tr><td /><td>Based on the work we have performed, we</td></tr><tr><td /><td>conclude that Management’s Review is in ac-</td></tr><tr><td /><td>cordance with the financial statements and</td></tr><tr><td /><td>has been prepared in accordance with the re-</td></tr><tr><td /><td>quirements of the Danish Financial Statement</td></tr><tr><td /><td>Act. We did not identify any material mis-</td></tr><tr><td /><td>statement of Management’s Review.</td></tr></table> København 2024-07-01 Indicor GM Denmark Holdings ApS Pederstrupvej 84 DK-2750 Ballerup Ballerup <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Hoved- og nøgletal</td></tr><tr><td colspan="1">Set over en 5-årig periode kan selskabets udvikling beskrives ved følgende hoved- og nøgletal</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial Highlights</td></tr><tr><td colspan="1">Seen over a five-year period, the development of the Company is described by the following financial</td></tr><tr><td colspan="1">highlights</td></tr></table> -5241000 -9605000 -0.001 0.597 -0.038 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Der henvises til definitioner i afsnittet om regnskabspraksis vedrørende beregning af nøgletal.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">For definitions af ratios, see under accounting policies.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Ledelsesberetning</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Management’s Review</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Hovedaktivitet</td></tr><tr><td colspan="1">Hovedaktiviteten i Indicor GM Denmark Hol-</td></tr><tr><td colspan="1">dings ApS består i at eje kommanditselskabs-</td></tr><tr><td colspan="1">andele i Indicor Germany GmbH &amp; Co. KG,</td></tr><tr><td colspan="1">Tyskland.</td></tr><tr><td colspan="1">Der har ikke været yderligere aktivitet i selska-</td></tr><tr><td colspan="1">bet i årets løb.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Main activity</td></tr><tr><td /><td>The main activity in Indicor GM Denmark Hold-</td></tr><tr><td /><td>ings ApS consists of ownership of limited part-</td></tr><tr><td /><td>nership interest in Indicor Germany GmbH &amp;</td></tr><tr><td /><td>Co. KH, Germany.</td></tr><tr><td /><td>No other activities have taken place in the</td></tr><tr><td /><td>Company during the year.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Miljøforhold og klimapåvirkning</td></tr><tr><td colspan="1">Indicor GM Denmark Holdings udfører kun in-</td></tr><tr><td colspan="1">vesteringsaktiviteter, som ikke har nogen mil-</td></tr><tr><td colspan="1">jømæssig eller klimapåvirkning, og derfor har</td></tr><tr><td colspan="1">Indicor GM Denmark Holdings ingen CSR-</td></tr><tr><td colspan="1">politikker relateret miljø og klima.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Environmental and climate impact</td></tr><tr><td /><td>Indicor GM Denmark Holdings only performs</td></tr><tr><td /><td>investment activities, which does not have any</td></tr><tr><td /><td>environmental or climate impact, and for this</td></tr><tr><td /><td>reason Indicor GM Denmark Holdings does</td></tr><tr><td /><td>not have any CSR policies related to environ-</td></tr><tr><td /><td>ment and climate.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Årets resultat</td></tr><tr><td colspan="1">Indicor GM Denmark Holdings generede et</td></tr><tr><td colspan="1">underskud efter skat på TDKK 9.605 sammen-</td></tr><tr><td colspan="1">lignet med et underskud på TDKK 945.072 i</td></tr><tr><td colspan="1">2022. Periodens resultatet er bedre en forven-</td></tr><tr><td colspan="1">tet, som følge af lavere finansielle omkostnin-</td></tr><tr><td colspan="1">ger fra koncerninterne lån.</td></tr><tr><td colspan="1">Balancen udviser en egenkapital på TDKK</td></tr><tr><td colspan="1">247.199 (256.804 i 2022). På denne baggrund</td></tr><tr><td colspan="1">anser ledelsen resultatet som tilfredsstillende.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Profit for the year</td></tr><tr><td /><td>Indicor GM Denmark Holdings made a loss</td></tr><tr><td /><td>after tax of DKK 9,605K compared to a loss of</td></tr><tr><td /><td>TDKK 945,072 in 2022. The net result is better</td></tr><tr><td /><td>than expected, due to lower financial cost from</td></tr><tr><td /><td>intercompany loans.</td></tr><tr><td /><td>The balance statement shows an equity of</td></tr><tr><td /><td>DKK 247,199K (2022: 256,804) On this basis</td></tr><tr><td /><td>management considers the result acceptable.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Forventninger til fremtiden</td></tr><tr><td colspan="1">Indicor GM Denmark Holdings forventer et</td></tr><tr><td colspan="1">driftstab i niveauet TDKK 10.000 – 15.000, og</td></tr><tr><td colspan="1">Indicor GM Denmark Holdings forventer ikke</td></tr><tr><td colspan="1">at modtage indtægter fra Kapitalinteresser i</td></tr><tr><td colspan="1">datterselskaber i 2024.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Expectations for the future</td></tr><tr><td /><td>Indicor GM Denmark Holdings expects opera-</td></tr><tr><td /><td>ting loss in the range of DKK 10,000k –</td></tr><tr><td /><td>15,000k, and the Indicor GM Denmark Hol-</td></tr><tr><td /><td>dings is not expecting to receive any income</td></tr><tr><td /><td>from investments in subsidiaries in 2024.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Regnskabspraksis</td></tr><tr><td colspan="1">Regnskabsgrundlag</td></tr><tr><td colspan="1">Årsrapporten for Indicor GM Denmark Hol-</td></tr><tr><td colspan="1">dings ApS for 2023 er udarbejdet i overens-</td></tr><tr><td colspan="1">stemmelse med den årsregnskabslovens be-</td></tr><tr><td colspan="1">stemmelser for virksomheder i regnskabsklas-</td></tr><tr><td colspan="1">se C mellem.</td></tr><tr><td colspan="1">Årsrapporten er aflagt i DKK 1.000.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Accounting Policies</td></tr><tr><td /><td /><td>Basis of preparation</td></tr><tr><td /><td /><td>The Annual Indicor of Roper GM Denmark</td></tr><tr><td /><td /><td>Holdings ApS for 2023 has been prepared in</td></tr><tr><td /><td /><td>accordance with the provisions of the Financial</td></tr><tr><td /><td /><td>Statements Act applying to companies of re-</td></tr><tr><td /><td /><td>porting class C medium.</td></tr><tr><td /><td /><td>The Annual Report is presented in DKK thou-</td></tr><tr><td /><td /><td>sands.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Koncernregnskab</td></tr><tr><td colspan="1">I henhold til ÅRL § 112, stk. 2 er der ikke ud-</td></tr><tr><td colspan="1">arbejdet koncernregnskab. Årsrapporten for</td></tr><tr><td colspan="1">Indicor GM Denmark Holdings ApS og tilknyt-</td></tr><tr><td colspan="1">tede dattervirksomheder indgår i koncernregn-</td></tr><tr><td colspan="1">skabet for moderselskabet CD&amp;R Ulysses US</td></tr><tr><td colspan="1">Holdco 1 LLC, Pennsylvania, USA.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Consolidated Financial Statements</td></tr><tr><td /><td /><td>Pursuant to section 112(2) of the Danish Fi-</td></tr><tr><td /><td /><td>nancial Statements Act, no consolidated finan-</td></tr><tr><td /><td /><td>cial statements have been prepared. The An-</td></tr><tr><td /><td /><td>nual Indicor of Roper GM Denmark Holdings</td></tr><tr><td /><td /><td>ApS and its subsidiary are included in the</td></tr><tr><td /><td /><td>Consolidated Financial Statements of the par-</td></tr><tr><td /><td /><td>ent CD&amp;R Ulysses US Holdco 1 LLC, Penn-</td></tr><tr><td /><td /><td>sylvania, USA.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Pengestrømsopgørelse</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Cash flow statement</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">I henhold til ÅRL § 86, stk. 4 er der ikke udar-</td></tr><tr><td colspan="1">bejdet pengestrømsopgørelse. Pengestrøms-</td></tr><tr><td colspan="1">opgørelsen indgår i koncernregnskabet for</td></tr><tr><td colspan="1">moderselskabet CD&amp;R Ulysses US Holdco 1</td></tr><tr><td colspan="1">LLC</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Pursuant to section 86(4) of the Danish Finan-</td></tr><tr><td /><td /><td>cial Statements Act, no Cash flow statements</td></tr><tr><td /><td /><td>have been prepared. The Cash flow statement</td></tr><tr><td /><td /><td>is incorporated in the Consolidated Financial</td></tr><tr><td /><td /><td>Statements of the parent CD&amp;R Ulysses US</td></tr><tr><td /><td /><td>Holdco 1 LLC</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Generelt om indregning og måling</td></tr><tr><td colspan="1">Aktiver indregnes i balancen, når det er sand-</td></tr><tr><td colspan="1">synligt, at fremtidige økonomiske fordele vil</td></tr><tr><td colspan="1">tilflyde selskabet, og aktivets værdi kan måles</td></tr><tr><td colspan="1">pålideligt.</td></tr><tr><td colspan="1">Forpligtelser indregnes i balancen, når det er</td></tr><tr><td colspan="1">sandsynligt, at fremtidige økonomiske fordele</td></tr><tr><td colspan="1">vil fragå selskabet, og forpligtelsen kan måles</td></tr><tr><td colspan="1">pålideligt. Ved første indregning måles aktiver</td></tr><tr><td colspan="1">og forpligtelser til historisk kostpris. Efterføl-</td></tr><tr><td colspan="1">gende måles aktiver og forpligtelser som be-</td></tr><tr><td colspan="1">skrevet for hver enkelt regnskabspost neden-</td></tr><tr><td colspan="1">for.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>General recognition and measurement criteria</td></tr><tr><td /><td /><td>Assets are recognised in the balance sheet</td></tr><tr><td /><td /><td>when it is probable that future economic bene-</td></tr><tr><td /><td /><td>fits attributable to the assets will flow to the</td></tr><tr><td /><td /><td>Company, and the value of the asset can be</td></tr><tr><td /><td /><td>measured reliably.</td></tr><tr><td /><td /><td>Liabilities are recognised in the balance sheet</td></tr><tr><td /><td /><td>when it is probable there will be an outflow of</td></tr><tr><td /><td /><td>future economic benefits from the Company,</td></tr><tr><td /><td /><td>and the value of the liability can be measured</td></tr><tr><td /><td /><td>reliably. Upon initial recognition, assets and</td></tr><tr><td /><td /><td>liabilities are measured at historical cost. Sub-</td></tr><tr><td /><td /><td>sequently, assets and liabilities are measured</td></tr><tr><td /><td /><td>as described for each item below.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Omregning af fremmed valuta</td></tr><tr><td colspan="1">Transaktioner i fremmed valuta er i årets løb</td></tr><tr><td colspan="1">omregnet til transaktionsdagens kurs. Gevin-</td></tr><tr><td colspan="1">ster og tab, der opstår på grund af forskelle</td></tr><tr><td colspan="1">mellem transaktionsdagens kurs og kursen på</td></tr><tr><td colspan="1">betalingsdagen, indregnes netto i resultatop-</td></tr><tr><td colspan="1">gørelsen som en finansiel post.</td></tr><tr><td colspan="1">Tilgodehavender, gæld og andre monetære</td></tr><tr><td colspan="1">poster i fremmed valuta, som ikke er afregnet</td></tr><tr><td colspan="1">på balancedagen, omregnes til balancedagens</td></tr><tr><td colspan="1">kurs. Forskelle mellem balancedagens kurs og</td></tr><tr><td colspan="1">transaktionsdagens kurs indregnes netto i re-</td></tr><tr><td colspan="1">sultatopgørelsen som en finansiel post.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Foreign currency translation</td></tr><tr><td /><td /><td>For the purpose of initial recognition, transac-</td></tr><tr><td /><td /><td>tions in foreign currencies are translated at the</td></tr><tr><td /><td /><td>exchange rates at the transaction date. Gains</td></tr><tr><td /><td /><td>and losses arising between the exchange</td></tr><tr><td /><td /><td>rates at the transaction date and the exchange</td></tr><tr><td /><td /><td>rates at the settlement date are recognised in</td></tr><tr><td /><td /><td>“Financing expenses and income, net” in the</td></tr><tr><td /><td /><td>income statement.</td></tr><tr><td /><td /><td>Receivables, payables and other monetary</td></tr><tr><td /><td /><td>items in foreign currencies not settled at the</td></tr><tr><td /><td /><td>balance sheet date are translated at the ex-</td></tr><tr><td /><td /><td>change rates at the balance sheet date. Dif-</td></tr><tr><td /><td /><td>ferences between the exchange rates at the</td></tr><tr><td /><td /><td>balance sheet date and the exchange rates at</td></tr><tr><td /><td /><td>the time of the occurrence of the receivable or</td></tr><tr><td /><td /><td>the payable are recognised in “Financing ex-</td></tr><tr><td /><td /><td>penses and income” in the income statement.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Resultatopgørelse</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Income statement</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Administrationsomkostninger</td></tr><tr><td colspan="1">Administrationsomkostninger omfatter om-</td></tr><tr><td colspan="1">kostninger til, det administrative personale,</td></tr><tr><td colspan="1">kontoromkostninger, mv.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Administrative expenses</td></tr><tr><td /><td /><td>Administrative expenses comprise expenses</td></tr><tr><td /><td /><td>for administrative staff, office expenses, etc.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Resultat af kapitalandel i dattervirksomhed</td></tr><tr><td colspan="1">I resultatopgørelsen indregnes modtagne ud-</td></tr><tr><td colspan="1">bytter samt værdireguleringer fra kapitalandel i</td></tr><tr><td colspan="1">dattervirksomhed.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Income from investment in subsidiary</td></tr><tr><td /><td /><td>The items “Income from investments in subsid-</td></tr><tr><td /><td /><td>iaries” in the income statement include divi-</td></tr><tr><td /><td /><td>dends received and value adjustments.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Finansielle poster</td></tr><tr><td colspan="1">Finansielle indtægter og omkostninger omfat-</td></tr><tr><td colspan="1">ter renteindtægter og -omkostninger, kursge-</td></tr><tr><td colspan="1">vinster og -tab vedrørende gæld og transakti-</td></tr><tr><td colspan="1">oner i fremmed valuta.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Financial income and expenses</td></tr><tr><td /><td /><td>Financial income and expenses comprise in-</td></tr><tr><td /><td /><td>terest receipts and expenses, exchange gains</td></tr><tr><td /><td /><td>and losses on debt and transactions in foreign</td></tr><tr><td /><td /><td>currencies.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Selskabsskat og udskudt skat</td></tr><tr><td colspan="1">Årets skat består af periodens aktuelle skat og</td></tr><tr><td colspan="1">forskydninger i udskudt skat.</td></tr><tr><td colspan="1">Aktuelle skatteforpligtelser indregnes i balan-</td></tr><tr><td colspan="1">cen som kortfristet gæld i det omfang, der ikke</td></tr><tr><td colspan="1">er foretaget betaling heraf.</td></tr><tr><td colspan="1">Udskudte skatteforpligtelser indregnes i balan-</td></tr><tr><td colspan="1">cen som en hensættelse. Den udskudte skat-</td></tr><tr><td colspan="1">teforpligtelse er indregnet som skatten af alle</td></tr><tr><td colspan="1">midlertidige forskelle. Den udskudte skattefor-</td></tr><tr><td colspan="1">pligtelse beregnes med den aktuelle skatte-</td></tr><tr><td colspan="1">procent.</td></tr><tr><td colspan="1">Udskudte skatteaktiver indregnes i balancen</td></tr><tr><td colspan="1">som et finansielt anlægsaktiv, i det omfang det</td></tr><tr><td colspan="1">skønnes at kunne anvendes.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Corporation tax and deferred tax</td></tr><tr><td /><td /><td>The tax for the period consists of current tax</td></tr><tr><td /><td /><td>and movements in deferred tax.</td></tr><tr><td /><td /><td>Current tax obligations are recorded in the</td></tr><tr><td /><td /><td>balance sheet as short-term liabilities to the</td></tr><tr><td /><td /><td>extent that they have not been paid.</td></tr><tr><td /><td /><td>Deferred tax obligations are recorded in the</td></tr><tr><td /><td /><td>balance sheet as a liability. The deferred tax</td></tr><tr><td /><td /><td>obligation is recognized as the tax on all tem-</td></tr><tr><td /><td /><td>porary differences. For calculating the deferred</td></tr><tr><td /><td /><td>tax obligation the current tax rate is used.</td></tr><tr><td /><td /><td>Deferred tax assets are recognized in the bal-</td></tr><tr><td /><td /><td>ance sheet as financial fixed assets to the ex-</td></tr><tr><td /><td /><td>tent that it is “more likely than not” that the as-</td></tr><tr><td /><td /><td>set is realizable.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Balancen</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Balance sheet</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Kapitalandele i dattervirksomheder</td></tr><tr><td colspan="1">Kapitalandele i dattervirksomheder indregnes</td></tr><tr><td colspan="1">og måles til kostværdi. I tilfælde, hvor kostpri-</td></tr><tr><td colspan="1">sen overstiger genindvindingsværdien, ned-</td></tr><tr><td colspan="1">skrives til denne lavere værdi.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Investments in subsidiaries</td></tr><tr><td /><td /><td>Investments in subsidiaries are recognized</td></tr><tr><td /><td /><td>and measured at cost. Where cost exceeds</td></tr><tr><td /><td /><td>the recoverable amount, write down is made to</td></tr><tr><td /><td /><td>this lower value.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Tilgodehavender</td></tr><tr><td colspan="1">Tilgodehavender måles til balancedagens</td></tr><tr><td colspan="1">kostpris eller en lavere nettorealisationsværdi.</td></tr><tr><td colspan="1">Der nedskrives til imødegåelse af forventede</td></tr><tr><td colspan="1">tab.</td></tr><tr><td colspan="1">Forpligtelser</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Receivables</td></tr><tr><td /><td /><td>Receivables are measured in the balance</td></tr><tr><td /><td /><td>sheet at lower of amortised cost and net real-</td></tr><tr><td /><td /><td>isable value. Provisions for bad debts are</td></tr><tr><td /><td /><td>made.</td></tr><tr><td /><td /><td>Liabilities</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Finansielle gældsforpligtelser</td></tr><tr><td colspan="1">Andre gældsforpligtelser, som omfatter gæld til</td></tr><tr><td colspan="1">leverandører, tilknyttede virksomheder samt</td></tr><tr><td colspan="1">anden gæld, måles til amortiseret kostpris.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Financial liabilities</td></tr><tr><td /><td /><td>Other liabilities comprising trade payables,</td></tr><tr><td /><td /><td>payables to subsidiaries and other liabilities</td></tr><tr><td /><td /><td>are measured at amortised cost.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Hoved- og nøgletalsoversigt</td></tr><tr><td colspan="2">Nøgletallene er beregnet således</td></tr><tr><td>Afkastningsgrad</td><td>Primært driftsresultat x 100</td></tr><tr><td /><td>Samlede aktiver</td></tr><tr><td>Soliditetsgrad</td><td>Egenkapital ultimo x 100</td></tr><tr><td /><td>Samlede aktiver</td></tr><tr><td>Forrentning af egenkapital</td><td>Årets resultat x 100</td></tr><tr><td /><td>Gennemsnitlig egenkapital</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Financial ratios</td></tr><tr><td /><td /><td>The financial ratios have been calculated as</td></tr><tr><td /><td /><td>follows</td></tr><tr><td /><td /><td>Return on assets</td><td>Operating result x 100</td></tr><tr><td /><td /><td /><td>Total assets</td></tr><tr><td /><td /><td>Solvency ratio</td><td>Equity at year end x 100</td></tr><tr><td /><td /><td /><td>Total assets</td></tr><tr><td /><td /><td>Return on equity</td><td>Net result for the year x 100</td></tr><tr><td /><td /><td /><td>Average equity</td></tr></table> 260000 0 5241000 -5501000 4104000 -9605000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" ><b>Egenkapitalopgørelse</b></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Statement of Changes in Equity</td></tr><tr><td colspan="4"></td></tr><tr><td width="38%" ></td><td width="20%" colspan="1" align="right" valign="middle" >Anparts-</td><td width="20%" colspan="1" align="right" valign="middle" >Overført</td><td width="22%" colspan="1" align="right" valign="middle" ></td></tr><tr><td width="38%" ></td><td width="20%" colspan="1" align="right" valign="middle" >kapital</td><td width="20%" colspan="1" align="right" valign="middle" >resultat</td><td width="22%" colspan="1" align="right" valign="middle" >I alt</td></tr><tr><td width="38%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="right" valign="middle" >Retained</td><td width="22%" colspan="1" align="right" valign="middle" ></td></tr><tr><td width="38%" ></td><td width="20%" colspan="1" align="right" valign="middle" >Share capital</td><td width="20%" colspan="1" align="right" valign="middle" >earnings</td><td width="22%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td width="38%" ></td><td width="20%" colspan="1" align="right" valign="middle" >TDKK</td><td width="20%" colspan="1" align="right" valign="middle" >TDKK</td><td width="22%" colspan="1" align="right" valign="middle" >TDKK</td></tr><tr><td colspan="4"></td></tr><tr><td width="38%" colspan="1" align="left" valign="middle" >Egenkapital pr. 1. januar 2022</td><td width="20%" align="right" valign="middle" > 500 </td><td width="20%" align="right" valign="middle" > 256.304 </td><td width="22%" align="right" valign="middle" > 256.804 </td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Equity at January 1, 2022</td></tr><tr><td width="38%" colspan="1" align="left" valign="middle" >'Årets resultat</td><td width="20%" align="right" valign="middle" > - </td><td width="20%" align="right" valign="middle" >- 9.605 </td><td width="22%" align="right" valign="middle" >- 9.605 </td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Net result for the year</td></tr><tr><td width="38%" colspan="1" align="left" valign="middle" >Egenkapital 31. december 2022</td><td width="20%" align="right" valign="middle" > 500 </td><td width="20%" align="right" valign="middle" > 246.699 </td><td width="22%" align="right" valign="middle" > 247.199 </td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Equity at December 31, 2022</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Noter</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Notes</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Finansielle omkostninger</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Financing expenses</b></td></tr><tr><td width="62%" ></td><td width="23%" align="right" valign="middle" ><b>2023</b></td><td width="15%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="62%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>TDKK</b></td><td width="15%" colspan="1" align="right" valign="middle" ><b>TDKK</b></td></tr><tr><td width="62%" colspan="1" align="left" valign="middle" >Renteudgifter tilknyttede virksomheder</td><td width="23%" align="right" valign="middle" >- 5.241 </td><td width="15%" align="right" valign="middle" >- 4.952 </td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Interest paid to group enterprises</td></tr><tr><td width="62%" colspan="1" align="left" valign="middle" >Renteudgifter</td><td width="23%" align="right" valign="middle" > - </td><td width="15%" align="right" valign="middle" >- 1 </td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other interest paid</td></tr><tr><td width="62%" ></td><td width="23%" align="right" valign="middle" >- 5.241 </td><td width="15%" align="right" valign="middle" >- 4.953 </td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Selskabsskat</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Corporate income tax</td></tr><tr><td width="62%" ></td><td width="23%" align="right" valign="middle" ><b>2023</b></td><td width="15%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="62%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>TDKK</b></td><td width="15%" colspan="1" align="right" valign="middle" ><b>TDKK</b></td></tr><tr><td width="62%" colspan="1" align="left" valign="middle" >Årets aktuelle skat</td><td width="23%" align="right" valign="middle" >- 4.104 </td><td width="15%" align="right" valign="middle" >- 3.123 </td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Tax provision of the year</td></tr><tr><td colspan="3"></td></tr><tr><td width="62%" colspan="1" align="left" valign="middle" >Årets skat</td><td width="23%" align="right" valign="middle" >- 4.104 </td><td width="15%" align="right" valign="middle" >- 3.123 </td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Tax for the year</td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Finansielle anlægsaktiver</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Fixed investments</td></tr><tr><td colspan="5"></td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Kapitalandel i dattervirksomhed</td><td width="18%" align="right" valign="middle" ><b>2023</b></td><td width="10%" align="right" valign="middle" ><b>2022</b></td><td width="10%" ></td><td width="13%" ></td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Investment in subsidiary</td><td width="18%" colspan="1" align="right" valign="middle" ><b>TDKK</b></td><td width="10%" colspan="1" align="right" valign="middle" ><b>TDKK</b></td><td width="10%" colspan="1" align="right" valign="middle" ><b></b></td><td width="13%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td colspan="5"></td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Kostpris 1. Januar</td><td width="18%" align="right" valign="middle" > 2.283.776 </td><td width="10%" align="right" valign="middle" > 2.283.776 </td><td width="10%" ></td><td width="13%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Cost at January 1</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Kostpris 31. december</td><td width="18%" align="right" valign="middle" > 2.283.776 </td><td width="10%" align="right" valign="middle" > 2.283.776 </td><td width="10%" ></td><td width="13%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Cost at December 31</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Værdiregulering 1. januar</td><td width="18%" align="right" valign="middle" >- 1.869.821 </td><td width="10%" align="right" valign="middle" >- 933.086 </td><td width="10%" ></td><td width="13%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Value adjustment at January 1</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Årets nedskrivning</td><td width="18%" align="right" valign="middle" > - </td><td width="10%" align="right" valign="middle" >- 936.735 </td><td width="10%" ></td><td width="13%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Write down for the year</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Værdiregulering 31. december</td><td width="18%" align="right" valign="middle" >- 1.869.821 </td><td width="10%" align="right" valign="middle" >- 1.869.821 </td><td width="10%" ></td><td width="13%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Value adjustment at December 31</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Regnskabsmæssig værdi 31. december</td><td width="18%" align="right" valign="middle" > 413.955 </td><td width="10%" align="right" valign="middle" > 413.955 </td><td width="10%" ></td><td width="13%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Carrying amount at December 31</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Kapitalandel i dattervirksomhed (fortsat)</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Investment in subsidiary (continued)</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Kapitalandel i dattervirksomhed specificeres således</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Investment in subsidiary is specified as follows</td></tr><tr><td colspan="5"></td></tr><tr><td width="49%" ></td><td width="18%" ></td><td width="10%" ></td><td width="10%" colspan="1" align="left" valign="middle" >Egen-</td><td width="13%" colspan="1" align="left" valign="middle" >Stemme- og</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Navn</td><td width="18%" colspan="1" align="left" valign="middle" >Hjemsted</td><td width="10%" colspan="1" align="left" valign="middle" >'Årets resultat</td><td width="10%" colspan="1" align="left" valign="middle" >kapital</td><td width="13%" colspan="1" align="left" valign="middle" >ejerandel</td></tr><tr><td width="49%" ></td><td width="18%" colspan="1" align="left" valign="middle" >Place of</td><td width="20%" colspan="2" align="left" valign="middle" >Net profit for</td><td width="13%" colspan="1" align="left" valign="middle" >Votes and</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Name</td><td width="18%" colspan="1" align="left" valign="middle" >reg.office</td><td width="10%" colspan="1" align="left" valign="middle" >the year</td><td width="10%" colspan="1" align="left" valign="middle" >Equity</td><td width="13%" colspan="1" align="left" valign="middle" >ownership</td></tr><tr><td colspan="5"></td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Indicor Germany GmbH & Co. KG</td><td width="18%" colspan="1" align="left" valign="middle" >Tyskland</td><td width="10%" colspan="1" align="left" valign="middle" >EUR 3.242</td><td width="10%" colspan="1" align="left" valign="middle" >EUR 76.223</td><td width="13%" colspan="1" align="left" valign="middle" >100%</td></tr><tr><td width="49%" ></td><td width="51%" colspan="4" align="left" valign="middle" >Germany</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Langfristet gæld</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Long-term debt</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Gældsforpligtelserne forfalder efter 5 år.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Debt obligations are due after 5 years.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Eventualforpligtelser</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Contingent liabilities</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Indicor GM Denmark Holdings ApS er sambeskattet med de øvrige danske selskaber i Indicor</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >koncernen. Sambeskatningen omfatter også kildeskat i form af skat på udbytte, royalty og renter. De</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >danske selskaber hæfter solidarisk og individuelt for sambeskatningen. Eventuelle senere</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >korrektioner af den skattepligtige sambeskatningsindkomst eller kildeskatter kan medføre en større</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >hæftelsesforpligtelse.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Skatten for de individuelle selskaber er fuldt fordelt på baggrund af den forventede skattepligtige</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >indkomst.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Indicor GM Denmark Holdings ApS are jointly taxed with the Danish companies in the Indicor Group. The joint</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >taxation also covers withholding taxes in the form of dividend tax, royalty tax and interest tax. The Danish</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >companies are jointly and individually liable for the joint taxation. Any subsequent adjustments to income taxes</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >and withholding taxes may lead to a larger liability.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The tax for the individual companies is allocated in full on the basis of the expected taxable income.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="2" align="left" valign="middle" ><b>Nærtstående parter og ejerforhold</b></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Related parties and ownership</td></tr><tr><td colspan="2"></td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" ><b>Bestemmende indflydelse</b></td><td width="28%" colspan="1" align="left" valign="middle" ><b>Grundlag</b></td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" >Controlling influence</td><td width="28%" colspan="1" align="left" valign="middle" >Basis</td></tr><tr><td colspan="2"></td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" >Roper Europe GmbH</td><td width="28%" colspan="1" align="left" valign="middle" >Ejer 100% af anpartskapitalen i Indicor</td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" >Ingolstädterstr. 12</td><td width="28%" colspan="1" align="left" valign="middle" >GM Denmark Holdings ApS</td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" >80807 München</td><td width="28%" colspan="1" align="left" valign="middle" >Owns 100% of the share capital in Indicor</td></tr><tr><td width="72%" ></td><td width="28%" colspan="1" align="left" valign="middle" >GM Denmark Holdings ApS</td></tr><tr><td colspan="2"></td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" ><b>Øvrige næststående parter</b></td><td width="28%" colspan="1" align="left" valign="middle" ><b>Grundlag</b></td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" >Other related party</td><td width="28%" colspan="1" align="left" valign="middle" >Basis</td></tr><tr><td colspan="2"></td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" >CD&R Ulysses US Holdco 1 LLC</td><td width="28%" colspan="1" align="left" valign="middle" >Det ultimative moderselskab</td></tr><tr><td width="72%" colspan="1" align="left" valign="middle" >7451 Keebler Way Building 1, Allentown</td><td width="28%" colspan="1" align="left" valign="middle" >The ultimate parent company</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >PA 18106, USA</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" ><b>Koncernregnskab</b></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Consolidated Financial Statements</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Indicor GM Denmark Holdings ApS er 100 %-ejet datterselskab af Roper Europe GmbH, Germany.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Indicor GM Denmark Holdings ApS is 100% owned by Roper Europe GmbH, Germany.</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Selskabet indgår i koncernregnskabet for CD&R Ulysses US Holdco 1 LLC, (det ultimative</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >moderselskab), Pennsylvania, USA.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >The Company is included in the Consolidated Financial Statements of CD&R Ulysses US Holdco 1 LLC (the</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >ultimate parent company), Pennsylvania, USA.</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Årsrapporten inklusive koncernregnskabet for CD&R kan rekvireres på følgende adresse</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >The Annual Report including the Consolidated Financial Statements of CD&R may be obtained at the</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >following address</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >CD&R Ulysses US Holdco 1 LLC</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >7451 Keebler Way Building 1, Allentown</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >PA 18106, USA</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Transaktioner med Nærtstående parter</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Related party transactions</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >I Indicor koncernen er der koncerninterne lånemellemværende mellem en række</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >selskaber, på hvilke der beregnes renter på almindelige markedsvilkår.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >There are intercompany loans to affiliated companies in the Indicor concern on which interest are</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >performed on arm's length basis.</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Herudover har der, bortset fra ovenstående, ikke været gennemført transaktioner med</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >tilknyttede virksomheder eller andre nærtstående.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Apart from the above, there have been no transactions with group enterprises or other related</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >parties, except for intercompany transactions.</td></tr><tr><td colspan="2"></td></tr><tr><td width="72%" align="right" valign="middle" >21</td><td width="28%" ></td></tr></table> Årsrapport 34209936 Grant Thornton, Statsautoriseret Revisionspartnerselskab Stockholmgade 45 2100 København Ø xWizard version 1.1.1270.0, by EasyX Aps. www.easyx.eu 2022-01-01 2022-12-31 Revisionspåtegning Grundlag for konklusion Konklusion Neuman Leverett III Primært driftsresultat -260000 Primært driftsresultat -261000 Primært driftsresultat 115000 Primært driftsresultat -153000 Primært driftsresultat -141000 -941688000 -945072000 -0.001 0.619 -0.096 261000 -936735000 4953000 -941949000 3123000 -945072000 -237905000 -241036000 0 0.889 -0.096 -141869000 -145263000 0 0.91 -0.096 275618000 261858000 0 0.922 0.16 413955000 247199000 413955000 413955000 0 0 500000 246699000 108299000 108299000 54231000 122000 4104000 58457000 413955000 414902000 256804000 413955000 413955000 947000 947000 500000 256304000 104002000 104002000 50775000 198000 3123000 54096000 414902000 1351654000 1201876000 1584840000 1442912000 1722192000 1588175000 Grant Thornton Godkendt Revisionspartnerselskab 34209936 Michael Beuchert statsautoriseret revisor mne32794 Stockholmsgade 45 DK-2100 København