Financial Report

11Investments in subsidiaries

The consolidated financial statements include the financial statements of the Company and the subsidiaries listed below. Details of investments in subsidiaries as at 31 December are as follows:

Name

Location

Percentage of ownership

 

 

2023

2022

 

 

 

 

Polypeptide Laboratories Holding (PPL) AB

Limhamn, Sweden

100%

100%

Polypeptide Laboratories (Sweden) AB

Limhamn, Sweden

100%

100%

PolyPeptide SA

Braine-l’Alleud, Belgium

100%

100%

PolyPeptide Laboratories France S.A.S.

Strasbourg, France

100%

100%

PolyPeptide Laboratories Inc.

Torrance, CA, USA

100%

100%

PolyPeptide Laboratories San Diego, LLC 1

San Diego, CA, USA

100%

100%

PolyPeptide Laboratories Pvt. Ltd.

Ambernath (East), India

100%

100%

PolyPeptide Laboratories A/S 2

Hillerød, Denmark

100%

100%

1 PolyPeptide Laboratories San Diego, LLC is a wholly owned subsidiary of PolyPeptide Laboratories Inc.

2 PolyPeptide Laboratories A/S is a dormant company.

Percentage of voting shares is equal to percentage of ownership.