Outdoor Enterprise Denmark Aps

The Company's principal activities The Company's principal activities consist in conduct business with trade, import and export of hunting, fishing and outdoor equipment as well as related business at the management's discretion. Going concern The parent company´s shareholders have issued a letter of support, guaranteeing to provide the Company with the capital required for the continued operations in the coming financial year 2023. The financial statements have thus been prepared on a going concern basis. The Company has lost more than half of its share capital. The Company´s Management expects to reestablish the share capital through profit from the Comapny´s activities in the coming years. Development in activities and the financial situation The Company's Income Statement of the financial year 20 August 2021 - 31 December 2022 shows a result of DKK -2.455.840 and the Balance Sheet at 31 December 2022 a balance sheet total of DKK 21.549.251 and an equity of DKK -2.084.040. Management considers the Company´s financial performance in 2022 not to be satisfactory. This the first year of Ammotec Denmark has been a difficult year it has been hard to get deliveries in time, late deliveries of some goods resulting in missed sales opportunities this year (we are prepared for coming years) Our inventory is not age sensitive. The war in Ukraine accompanied with energy prizes and inflation on cost of living are effecting our customers to cut down on our offerings. Events after the balance sheet date After the end of the financial year, no events have occurred which may change the financial position of the entity substantially.

Development in activities and the financial situation The Company's Income Statement of the financial year 20 August 2021 - 31 December 2022 shows a result of DKK -2.455.840 and the Balance Sheet at 31 December 2022 a balance sheet total of DKK 21.549.251 and an equity of DKK -2.084.040. Management considers the Company´s financial performance in 2022 not to be satisfactory. This the first year of Ammotec Denmark has been a difficult year it has been hard to get deliveries in time, late deliveries of some goods resulting in missed sales opportunities this year (we are prepared for coming years) Our inventory is not age sensitive. The war in Ukraine accompanied with energy prizes and inflation on cost of living are effecting our customers to cut down on our offerings.