37155357 2015-10-14 2017-03-31 37155357 2015-10-14 2017-03-31 0 37155357 2015-10-14 2017-03-31 1 37155357 2015-10-14 2017-03-31 2 37155357 2015-10-14 2017-03-31 3 37155357 2017-03-31 iso4217:DKK Annual report 2017-08-29 Nikolaj Kjær Nielsen Sarita CareTech IVS Silkeborgvej 691 8220 Brabrand 60704977 contact@sarita.dk 37155357 2015-10-14 2017-03-31 Arbejdernes Landsbank A/S Vesterbrogade 5 1502 København V DK Denmark <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The management has today discussed and approved the annual report of Sarita CareTech IVS for the financial year 14 ^th October 2015 – 31 ^st March 2017.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The annual report is prepared in accordance with the Danish Financial Statements Act.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The financial statements give a true and fair view of the company's financial position at 31 ^st March 2017 and of the results of the company's operations for the financial year 14 ^th October 2015 – 31 ^st March 2017.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The management's review provides fair review of the matters dealt with in the financial year stated above.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The annual report is recommended to be approved at the annual general meeting by the management</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> Silkerborgvej 691, Brabrand 2017-08-29 Nikolaj Kjær Nielsen CEO Nicolai Kildegaard CTO Dénes Gábor Domenik CMO Rasmine Andersson Rasmussen CHRO <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:16px"> <strong>Business Activities</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">The company’s objective is to develop, produce and market personal emergency response systems (PERS) and a cloud based remote patient monitoring platform connected to the PERS devices.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:16px"> <strong>Business review</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">The Company’s income statement for the year ended on the 31th of March. On that date, the company’s loss amounted to DKK 264.990. According to the balance sheet, on the 31th of March 2017 the company’s negative equity was equal to DKK 264.890.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">The Company is in the startup phase and as a consequence hereof, it’s activities are limited, which has caused the company to have a negative balance and net income. Management expects that further financial infusions will happen in the form of equity sales towards investors in exchange for capital infusion.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">The Company follows the lean startup principles, therefore the Research and Development activities resulted in the revenue of DKK 10.000, by selling prototypes to Klejtrup friplejehjem as a part of a co-creation package, supporting further development.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong> <span style="font-size:16px">Significant events occurring after end of reporting period</span> </strong> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">No events which could significantly affect the company’s financial position have occurred after the balance sheet date.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> The annual report has been prepared in accordance with the regulation applying to Reporting class B. Reporting class B <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">The Company's financial statements are presented in DKK.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:16px"> <strong>Basis of recognition and measurement</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Income is recognised in the income statement as earned, including value adjustments of financial assets and liabilities.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">All expenses, including amortisation, depreciation and impairment losses, are also recognised in the income statement.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Assets are recognised in the balance sheet when it is probable that future economic benefits will flow to the company's and the value of the asset can be measured reliably.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow from the company's and the value of the liability can be measured reliably.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">On initial recognition, assets and liabilities are measured at cost. On subsequent recognition, assets and liabilities are measured as described below for each individual accounting item.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">On recognition and measurement, allowance is made for predictable losses and risks which occur before the annual report are presented and which confirm or invalidate matters existing at the balance sheet date.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:16px"> <strong>Income Statement</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Gross Profit</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Gross profit reflects an aggregation of revenue, cost of sales, other operating income, other external expenses, administrative expenses and research and development expenditure.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Revenue</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Revenue is recognised with the exclusion of VAT and taxes and with the deduction of any discounts granted in connection with the sale.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Other operating income</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Other operating income includes funds from government grants and donations from private individuals.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Employee expenses</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Staff costs include salaries, including pension, insurance for staff and other employee costs.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Other operating expenses</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Other external expenses includes facility costs, miscellaneous costs, marketing- and travel costs administrative expenses.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Financial income and expenses</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Net financials include interest income and expenses, realised and unrealised exchange gains and losses foreign currency transactions and allowances under the advance- payment-of-tax scheme, etc.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Tax of the results for the year</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">The tax for the year includes the current tax for the year and employee tax contribution, and it is recognised in the profit and loss account with the share referring to the results for the year and directly in the equity with the share referring to entries directly on the equity.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:16px"> <strong>Balance Sheet</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Receivables</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Receivables are measured at amortised cost which usually corresponds to face value. In order to meet expected losses, write-down takes place at the net realisable value.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Equity</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Reserve for entrepreneurs</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">The reserve includes amounts that the entrepreneur must transfer according to the provisions of the Danish Companies Act on entrepreneurs. Each year, at least 25% of the profit for the year must be transferred until the reserve of entrepreneurs and the contributed capital total is at least DKK 50,000.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Income tax and deferred tax</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Deferred tax is measured according to the liability method in respect of realized differences between the carrying amount of assets and liabilities and their tax base, calculated on the basis of the planned use of the asset and settlement of the liability, respectively.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Deferred tax assets, including the tax base of tax loss allowed for carry forward are measured at the value to which the asset is expected to be realised, either by elimination in tax on future income or by offsetting against deferred tax liabilities within the same legal tax entity. Any deferred net tax assets are measured at net realisable value.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px"> <strong>Liabilities</strong> </span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size:14px">Liabilities, which include trade payables and other payables, are measured at amortised cost, which is usually equivalent to nominal value.</span> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> 10000 100061 110061 79629 128681 -98249 129689 8663 -236601 28388 -264989 19714 19714 100 19814 19814 100 -264990 -264890 64654 64654 220050 220050 284704 19814 false false false false true No audit assistance Adam Fejes Risdalsvej 48 st 25 8260 Viby J