10050421 2018-01-01 2018-12-31 10050421 2018-01-01 2018-12-31 0 10050421 2018-01-01 2018-12-31 0 10050421 2018-01-01 2018-12-31 1 10050421 2018-01-01 2018-12-31 2 10050421 2017-01-01 2017-12-31 10050421 2018-01-01 2018-12-31 fsa:RetainedEarningsMember 10050421 2017-01-01 2017-12-31 fsa:RetainedEarningsMember 10050421 2018-12-31 10050421 2017-12-31 10050421 2018-01-01 fsa:ContributedCapitalMember 10050421 2018-01-01 fsa:RetainedEarningsMember 10050421 2018-01-01 10050421 2018-01-01 2018-12-31 fsa:RetainedEarningsMember 10050421 2018-12-31 fsa:ContributedCapitalMember 10050421 2018-12-31 fsa:RetainedEarningsMember 10050421 2018-01-01 2018-12-31 0 10050421 2018-01-01 2018-12-31 1 iso4217:DKK Regnskabsklasse B 2018-01-01 2018-12-31 <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">Statement by the Board of Directors and the Executive Board</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">The Board of Directors and the Executive Board have today discussed and approved the annual report of Global Scanning Japan A/S for</td></tr><tr><td colspan="1">the financial year 1 January - 31 December 2018.</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">The annual report has been prepared in accordance with the Danish 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">It is our opinion that the financial statements give a true and fair view of the Company’s financial position at 31 December 2018 and of the results</td></tr><tr><td colspan="1">of the Company's operations for the financial year 1 January - 31 December 2018.</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">Further, in our opinion, the Management´s review includes a fair review of the matters discussed in the 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">We recommend that the annual report be approved at the annual general meeting.</td></tr></table> Allerød 2019-04-23 <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">Independent auditors' 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">To the shareholders of Global Scanning Japan A/S</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">Opinion</td></tr><tr><td colspan="1">We have audited the financial statements of Global Scanning Japan A/S for the financial year 1 January - 31 December 2018, which comprise an</td></tr><tr><td colspan="1">income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial</td></tr><tr><td colspan="1">statements are prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2018 and of the results of the</td></tr><tr><td colspan="1">Company´s operations for the financial year 1 January - 31 December 2018 in accordance with the Danish 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">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our</td></tr><tr><td colspan="1">responsibilities under those standards and requirements are further described in the "Auditor´s responsibilities for the audit of the financial</td></tr><tr><td colspan="1">statements" section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis 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">Independence</td></tr><tr><td colspan="1">We are independent of the Company in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional</td></tr><tr><td colspan="1">Accountants (IESBA Code) and additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance</td></tr><tr><td colspan="1">with these rules and requirements.</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">Management's responsibilities for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial</td></tr><tr><td colspan="1">Statements Act and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free</td></tr><tr><td colspan="1">from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as</td></tr><tr><td colspan="1">applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless</td></tr><tr><td colspan="1">Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do 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="2">Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td colspan="2">Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether</td></tr><tr><td colspan="2">due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a</td></tr><tr><td colspan="2">guarantee that an audit conducted in accordance with ISAs and additional requirements applicable in Denmark will always detect a material</td></tr><tr><td colspan="2">misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could</td></tr><tr><td colspan="2">reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.</td></tr><tr><td colspan="2">As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and</td></tr><tr><td colspan="2">maintain professional skepticism throughout the audit. We also</td></tr><tr><td>►     Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design</td><td>Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design</td></tr><tr><td colspan="2">and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our</td></tr><tr><td colspan="2">opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve</td></tr><tr><td colspan="2">collusion, forgery, intentional omissions, misrepresentations or the override of internal control.</td></tr><tr><td colspan="2">►     Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but</td></tr><tr><td colspan="2">not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.</td></tr><tr><td colspan="2">►     Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by</td></tr><tr><td colspan="2">Management.</td></tr><tr><td colspan="2">►     Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing the financial statements and,</td></tr><tr><td colspan="2">based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the</td></tr><tr><td colspan="2">Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our</td></tr><tr><td colspan="2">auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our</td></tr><tr><td colspan="2">conclusion is based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the</td></tr><tr><td colspan="2">Company to cease to continue as a going concern.</td></tr><tr><td colspan="2">►     Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial</td></tr><tr><td colspan="2">statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td colspan="2">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant</td></tr><tr><td colspan="2">audit findings, including any significant deficiencies in internal control that we 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">Statement on the Management's review</td></tr><tr><td colspan="1">Management is responsible for the Management's review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the</td></tr><tr><td colspan="1">Management's review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be</td></tr><tr><td colspan="1">materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial</td></tr><tr><td colspan="1">Statements Act.</td></tr><tr><td colspan="1">Based on our procedures, we conclude that the Management's review is in accordance with the financial statements and has been prepared in</td></tr><tr><td colspan="1">accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of the Management's review.</td></tr></table> Copenhagen 2019-04-23 Global Scanning Japan A/S Svanevang 2 3450 Allerød 4548141122 81455488548 2019-04-23 Graham Tinn 10050421 Bank of Tokyo-Mitsubishi Branche: Yokohama, , <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">Shareholders holding 5% or more of the share capital or the voting rights</td></tr></table><br><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>Percentage of ownership</td></tr></table><br><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>Global Scanning Denmark A/S, Allerød</td><td>100%</td></tr><tr><td colspan="2">Parent company</td></tr></table><br><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">Global Scanning Denmark A/S, Allerød</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">Activities</td></tr><tr><td colspan="1">The company markets, distributes and provides user support to its parent company's customers in the Japan market.</td></tr><tr><td colspan="1">The company gets its costs covered by the parent company with a 5% mark up.</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">Operating and financial review</td></tr><tr><td colspan="1">The income statement for 2018 shows a gain of DKK 297 thousand against a loss of DKK 50 thousand last year, and the balance sheet at 31</td></tr><tr><td colspan="1">December 2018 shows a equity of DKK 1.778 thousand.</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">Post balance sheet events</td></tr><tr><td colspan="1">No significant events have occurred subsequent to the financial year end.</td></tr></table> 3978216 3641688 20034 316494 115874 12865 419503 122721 296782 <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">Statement of changes in equity</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">Accounting policies</td></tr></table><br><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">General</td></tr></table><br><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">The financial statements are presented in Danish kroner.</td></tr></table> true <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">Foreign currency translation</td></tr><tr><td colspan="1">Transactions denominated in foreign currencies are translated into Danish kroner at the exchange rates at the date of the transaction.</td></tr><tr><td colspan="1">Monetary items denominated in foreign currencies are translated into Danish kroner at the exchange rates at the balance sheet data. Realised</td></tr><tr><td colspan="1">and unrealised exchange gains and losses are recognised in the income statement as financial income/expenses.</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">Revenue</td></tr><tr><td colspan="1">Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be measured</td></tr><tr><td colspan="1">reliably. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, and other sales taxes or duty.</td></tr><tr><td colspan="1">The following specific recognition criteria must also be met before revenue is recognized</td></tr><tr><td colspan="1">Sales of goods</td></tr><tr><td colspan="1">Revenue from the sale of goods is recognized when significant risk and rewards of ownership of the goods have passed to the buyer, usually on</td></tr><tr><td colspan="1">dispatch of the goods.</td></tr><tr><td colspan="1">Gross profit</td></tr><tr><td colspan="1">Net revenue including all items down to other external costs have been integrated in an item named Gross profit with reference to section 32 in the</td></tr><tr><td colspan="1">Danish Financial Statement 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">Staff costs</td></tr><tr><td colspan="1">Staff costs comprise expenses for the distribution staff including salaries, pension and bonuses 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="3">Amortization/depreciation and write-downs</td></tr><tr><td colspan="3">Depreciation and write-downs include depreciation and write-downs of other operating equipment etc.</td></tr><tr><td colspan="3">Other operating equipment etc. include other fixture and fittings, tools and equipment.</td></tr><tr><td colspan="3">Other operating equipment etc. are amortized/depreciated on a straight-line basis on the basis of the cost, measured by reference to the following</td></tr><tr><td colspan="3">assessment of the useful life of the assets</td></tr><tr><td /><td>Years</td><td>Scrap value</td></tr><tr><td>Other operating equipment, etc.</td><td>2-6</td><td>0%</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 income and expenses</td></tr><tr><td colspan="1">Financial income and expenses are recognized in the income statement at the amounts that relate to the reporting period. Net financials include</td></tr><tr><td colspan="1">interest income and expenses, realized and unrealized exchange gains and losses on foreign currency transactions.</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">Income taxes</td></tr><tr><td colspan="1">Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments less the share of the tax for the</td></tr><tr><td colspan="1">year that concerns changes in equity.</td></tr><tr><td colspan="1">The company and all Danish group enterprises are jointly taxed. The Danish income tax is allocated between profit-making and loss-making Danish</td></tr><tr><td colspan="1">enterprises in proportion to their taxable income (full allocation method).</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">Other plant, operating equipment etc.</td></tr><tr><td colspan="1">Other plant, operating equipment etc. comprise other fixtures, fittings, tools and equipment. Other plant, operating equipment etc. are measured at</td></tr><tr><td colspan="1">cost less accumulated depreciation and write-downs.</td></tr><tr><td colspan="1">An impairment test is made for other operating equipment etc. if there are indications of decreases in value. The impairment test is made for each</td></tr><tr><td colspan="1">individual asset or group of assets, respectively. The assets are written down to the higher of the value in use and the net selling price of the asset</td></tr><tr><td colspan="1">or group of assets (recoverable amount) if it is lower than the carrying amount.</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">Receivables</td></tr><tr><td colspan="1">Receivables are measured at amortized cost. An impairment loss is recognised if there is objective evidence that a receivable or a group of</td></tr><tr><td colspan="1">receivables is impaired. If there is objective evidence that an individual receivable has been impaired, an impairment loss is recognised on a</td></tr><tr><td colspan="1">individual basis.</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">Cash and cash equivalents</td></tr><tr><td colspan="1">Cash and cash equivalents comprise cash which are subject to an insignificant risk of changes in 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">Other payables</td></tr><tr><td colspan="1">Other debt liabilities are measured at amortized cost that essentially correspond to nominal unpaid debt.</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="20%" ></td><td width="80%" colspan="15" align="left" valign="middle" ><b></b></td></tr><tr><td width="100%" colspan="16" align="left" valign="middle" ></td></tr><tr><td colspan="16"></td></tr><tr><td width="20%" ></td><td width="40%" colspan="12" align="left" valign="middle" >Amortisation/depreciation and writedowns</td><td width="20%" align="right" valign="middle" >2018</td><td width="0%" ></td><td width="20%" align="right" valign="middle" >2017</td></tr><tr><td width="20%" ></td><td width="40%" colspan="12" align="left" valign="middle" >Analysis of amortisation/depreciation and writedowns for the year</td><td width="20%" colspan="2" align="left" valign="middle" >DKK</td><td width="20%" colspan="1" align="left" valign="middle" >DKK</td></tr><tr><td colspan="16"></td></tr><tr><td width="20%" ></td><td width="40%" colspan="12" align="left" valign="middle" >.Leasehold improvements</td><td width="20%" align="right" valign="middle" >4425</td><td width="0%" ></td><td width="20%" align="right" valign="middle" >4589</td></tr><tr><td width="20%" ></td><td width="40%" colspan="12" align="left" valign="middle" >Other plant, operating equipment etc.</td><td width="20%" align="right" valign="middle" >15609</td><td width="0%" ></td><td width="20%" align="right" valign="middle" >14520</td></tr><tr><td width="20%" ></td><td width="40%" colspan="12" align="left" valign="middle" >Amotisation/depreciation and writedowns total</td><td width="20%" align="right" valign="middle" >20034</td><td width="0%" ></td><td width="20%" align="right" valign="middle" >19108</td></tr><tr><td colspan="16"></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>Staff costs</td></tr><tr><td /><td>Number of employees during the year</td><td /><td /><td /><td /><td /><td /><td /><td /><td /><td /><td /><td>3</td><td /><td>3</td></tr><tr><td /><td>Analysis of total payroll costs, etc.</td></tr></table> 2634208 558878 448602 115865 9 0 12865 <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>Income Taxes</td></tr></table> 162354 -39633 <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="15" align="left" valign="middle" >Property, plant and equipment</td></tr><tr><td colspan="15"></td></tr><tr><td width="25%" ></td><td width="0%" ></td><td width="0%" ></td><td width="0%" ></td><td width="0%" ></td><td width="0%" ></td><td width="0%" ></td><td width="0%" ></td><td width="0%" ></td><td width="0%" ></td><td width="25%" colspan="2" align="left" valign="middle" >Leasehold Improvement</td><td width="25%" colspan="2" align="left" valign="middle" >Other plant operating equipment etc.</td><td width="25%" colspan="1" align="left" valign="middle" >Total</td></tr><tr><td width="100%" colspan="15" align="left" valign="middle" >DKK</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Cost at 1/1 2017</td><td width="25%" align="right" valign="middle" >52839</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >41553</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >94392</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Additions</td><td width="25%" align="right" valign="middle" >0</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >15674</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >15674</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Cost at 31/12 2017</td><td width="25%" align="right" valign="middle" >52839</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >57228</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >110066</td></tr><tr><td colspan="15"></td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Depreciation and writedowns at 1/1 2017</td><td width="25%" align="right" valign="middle" >7317</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >14338</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >21654</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Depreciation and writedowns</td><td width="25%" align="right" valign="middle" >4589</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >14520</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >19108</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Depreciation and writedowns at 31/12 2017</td><td width="25%" align="right" valign="middle" >11905</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >28857</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >40762</td></tr><tr><td colspan="15"></td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Carrying amount at 31/12 2017</td><td width="25%" align="right" valign="middle" >40934</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >28371</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >69304</td></tr><tr><td colspan="15"></td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Cost at 1/1 2018</td><td width="25%" align="right" valign="middle" >52839</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >57228</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >110067</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Additions</td><td width="25%" align="right" valign="middle" >0</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >7599</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >7599</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Cost at 31/12 2018</td><td width="25%" align="right" valign="middle" >52839</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >64827</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >117666</td></tr><tr><td colspan="15"></td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Depreciation and writedowns at 1/1 2018</td><td width="25%" align="right" valign="middle" >11905</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >28857</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >40762</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Depreciation and writedowns</td><td width="25%" align="right" valign="middle" >4425</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >15609</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >20034</td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Depreciation and writedowns at 31/12 2018</td><td width="25%" align="right" valign="middle" >16330</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >44466</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >60796</td></tr><tr><td colspan="15"></td></tr><tr><td width="25%" colspan="10" align="left" valign="middle" >Carrying amount at 31/12 2018</td><td width="25%" align="right" valign="middle" >36509</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >20360</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >56869</td></tr><tr><td colspan="15"></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" >Share capital</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Share capital DKK 500.000 is distributed in 50.000 shares of denominations of DKK 10.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The share capital has unchanged been DKK 500.000 the last 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="50%" colspan="12" align="left" valign="middle" >Contingent Liabilities and security for loans</td><td width="25%" align="right" valign="middle" >2018</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >2017</td></tr><tr><td width="50%" colspan="12" align="left" valign="middle" >The company´s other financial obligations mainly relate to leases for office premises.</td><td width="25%" colspan="2" align="left" valign="middle" >DKK</td><td width="25%" colspan="1" align="left" valign="middle" >DKK</td></tr><tr><td colspan="15"></td></tr><tr><td width="50%" colspan="12" align="left" valign="middle" >Within 1 year</td><td width="25%" align="right" valign="middle" >399101</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >372603</td></tr><tr><td width="50%" colspan="12" align="left" valign="middle" >Between 1 and 5 years</td><td width="25%" align="right" valign="middle" >432359</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >403653</td></tr><tr><td width="50%" colspan="12" align="left" valign="middle" >After 5 years</td><td width="25%" align="right" valign="middle" >0</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td width="50%" colspan="12" align="left" valign="middle" >Contigent Liabilities and security for loans total</td><td width="25%" align="right" valign="middle" >831460</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >776256</td></tr><tr><td colspan="15"></td></tr><tr><td width="50%" colspan="12" align="left" valign="middle" >Total expenditure charged to the Income statement</td><td width="25%" align="right" valign="middle" >385180</td><td width="0%" ></td><td width="25%" align="right" valign="middle" >398577</td></tr><tr><td colspan="15"></td></tr><tr><td width="100%" colspan="15" align="left" valign="middle" >The Company is jointly taxed with its parent, Global Scanning Denmark A/S, and is jointly and severally with other jointly taxed group entities for</td></tr><tr><td width="100%" colspan="15" align="left" valign="middle" >payment of income taxes for the income year 2013 onwards as well as withholding taxes on interest, royalties and dividends falling due for payment</td></tr><tr><td width="100%" colspan="15" align="left" valign="middle" >on or after 1 July 2012.</td></tr><tr><td colspan="15"></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" >Related party transactions</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Company is controlled by Global Scanning Denmark A/S, which own 100% of the share capital.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company is included in the consolidated financial statements of Global Scanning A/S.</td></tr></table> Årsrapport 30700228 EY Englandsgade 25 5100 Odense C 2017-01-01 2017-12-31 Revisionspåtegning Henrik Rasmussen Graham Tinn chairman Anja Folkvardsen chairman Henrik Rasmussen 2739362 2501252 19108 219002 8 123336 95674 145319 -49645 2083260 99420 318572 0 8 110441 12895 45577 99742 296782 -49645 56869 56869 56869 1494124 606281 2100405 180614 2281019 2337888 500000 1277688 1777688 80411 479789 560200 2337888 69304 69304 69304 622069 607837 1229906 514356 1744262 1813566 500000 980906 1480906 0 332660 332660 1813566 500000 980906 1480906 296782 500000 1277688 Ernst & Young Godkendt Revisionspartnerselskab 30700228 Mogens Andreasen State Authorised Public Accountant mne28603 Alex Nissov State Authorised Public Accountant mne33237 30700228 Ernst & Young Godkendt Revisionspartnerselskab