FLIR Systems GmbH

FLIR Systems GmbH

Frankfurt am Main

Jahresabschluss zum Geschäftsjahr vom 01.01.2023 bis zum 31.12.2023

registered at commercial registry

Frankfurt am Main, HRB 45839

The company financial statement has been prepared in german language.

This english version is a convenience translation.

Corrected Balance Sheet as of 2023 December, 31

- prepared on the basis of German commercial law -

Flir Systems GmbH, Frankfurt am Main

Frankfurt am Main, HRB 45839

ASSETS

EQUITY AND LIABILITIES

Corrected PROFIT AND LOSS ACCOUNT

- prepared on the basis of German commercial law - 2023/01/01 - 2023/12/31

Corrected notes to annual Financial Statements for 2023

in accordance with § 284 HGB (German Commercial Code)

The Financial Statement as of December 31, 2023, which this note is a part, has been prepared in compliance with the German Commercial Code (§§ 264 ff. HGB and GmbHG).

Under the terms of the German Commercial Code Flir Systems GmbH is a small company (§ 267 Sub-Para. 1 HGB). Accordingly, this company has made use of the exempting provision under § 274a HGB and § 288 Sub-Para. 1 HGB.

(1) Accounting principles and valuation methods

The annual financial statements of Flir Systems GmbH have been prepared on the basis of the accounting provisions of the German Commercial Code. In particular, the going concern principle as well as the principles of individual valuation, completeness and freedom from arbitrariness have been observed and, in accordance with the principle of prudence, only profits realized on the balance sheet date have been reported and recognizable risks and impending losses whose causes lie after the balance sheet date have been taken into account.

The evaluation of the tangible and intangible fixed assets are valued at acquisition costs minus scheduled straight-line depreciation.

The inventories are evaluated with acquisitions costs. Provisions are made where necessary for slow-moving and obsolete goods.

Accounts receivable from trading are stated at nominal value necessary individual valuation adjustments for identifiable risks.

Other assets are principally stated at their nominal value. Claims from reinsurance policies are listed with their asset values as provided by the insurer.

All liquid assets are valued at their nominal value.

Asset accruals cover the periodical adjustment of expenses.

Pension provisions are determined according to the projected unit credit-method (PUC-method) on basis of the guiding tables 2018G of Prof. Klaus Heubeck. The valuation has been done by the following:

According to § 253 Sub-Para. 6 HGB € 406 (prior year € 1.822) is subject to the legal dividend distribution restriction.

Other provisions are set up for uncertain obligations and take account of all recognizable risks. They are maturing in no more than one year.

Trade payables and other liabilities are valued at their redemption cost.

Short-term liabilities and receivables denominated in foreign currencies and originating from normal business transactions and which have a maximum term of one year are converted at the closing rate on the balance sheet date. Other claims and liabilities in foreign currencies have been evaluated according to the German Commercial Code (historical cost and realization principle).

(2) Accounting and valuation methods differing from those of the previous year

In the case of the annual financial statements, the accounting and valuation methods previously applied have essentially been adopted.

(3) Explanations to the balance sheet

(T€ = thousand Euro)

(a) Fixed assets

The Fixed Assets includes a 100 percent stake of Flir Integrated Imaging Solutions GmbH (formerly: Point Grey Research GmbH) with registered office in Ludwigsburg/Germany. The affiliated company is valued with its acquisition costs of T€ 936 (prior year T€ 936).

(b) Receivables and other assets

Receivables and other assets against associated companies (corrected: T€ 2.306; prior year T€ 1.577) has been resulting from intercompany charging to co-subsidiaries.

All receivables and other assets have an expected remaining maturity of up to one year, with exception of the asset value of the reinsurance policies (T€ 5; prior year T€ 4).

(c) Liabilities

All liabilities have a term of less than one year.

(d) Other financial obligations

As at the balance sheet date, other financial liabilities existed, particularly arising from leases and lease agreements for buildings, company cars and other equipment (T€ 283).

(4) Other explanation notes

(a) Employees

In the period under review, Flir Systems GmbH has had 31 employees.

(b) Affiliated group

Flir Systems GmbH was included in the consolidated financial statements of

which is the largest and smallest group of companies for which group financial statements are drawn up.