xbrli:pureiso4217:DKK403995422020-09-302020-12-31403995422020-09-302020-12-311403995422020-09-302020-12-312403995422020-09-302020-12-313403995422020-09-302020-12-311403995422019-04-012020-09-29403995422020-09-302020-12-31fsa:RestOfOtherReservesMember403995422019-04-012020-09-29fsa:RestOfOtherReservesMember403995422020-09-302020-12-31fsa:RetainedEarningsMember403995422019-04-012020-09-29fsa:RetainedEarningsMember403995422020-09-302020-12-31fsa:ContributedCapitalMember403995422020-09-302020-12-31fsa:ReserveForDevelopmentExpenditureMember403995422020-09-302020-12-31fsa:RetainedEarningsMember403995422020-12-31403995422020-09-29403995422020-09-30fsa:ContributedCapitalMember403995422020-12-31fsa:ContributedCapitalMember403995422020-09-30fsa:ReserveForDevelopmentExpenditureMember403995422020-12-31fsa:ReserveForDevelopmentExpenditureMember403995422020-09-30fsa:RetainedEarningsMember403995422020-12-31fsa:RetainedEarningsMember403995422020-09-30Annual reportAuditor's report on audited financial statementsfalseReporting class BtruefalsefalseZymoscope ApSRefshalevej163A, 1.1432CopenhagenDenmark403995422019-04-01Copenhagen2020-09-302020-12-312019-04-012020-09-292021-06-03Mads HeinePetros Nikolaos VenetopoulosMads AndersenJens Fuglsang RingsholmKPMG Statsautoriseret RevisionspartnerselskabDampfærgevej282100København ØDenmark25578198KPMG Statsautoriseret RevisionspartnerselskabDampfærgevej 282100 København Ø25578198The Executive Board has today discussed and approved the annual report of Zymoscope ApS for the<br/>financial period 30 September – 31 December 2020.<br/>The annual report has been prepared in accordance with the Danish Financial Statements Act.<br/>In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities and<br/>financial position at 31 December 2020 and of the results of the Company's operations for the financial<br/>period 30 September – 31 December 2020.<br/>Further, in our opinion, the Management's review gives a fair review of the matters discussed in the<br/>Management's review.<br/>We recommend that the annual report be approved at the annual general meeting.Copenhagen2021-06-02To the shareholders of Zymoscope ApSOpinionWe have audited the financial statements of Zymoscope ApS for the financial period 30 September – 31<br/>December 2020 comprising income statement, balance sheet, statement of changes in equity and notes,<br/>including accounting policies. The financial statements are prepared in accordance with the Danish<br/>Financial Statements Act.<br/>In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities and<br/>financial position at 31 December 2020 and of the results of the Company's operations for the financial<br/>period 30 September – 31 December 2020 in accordance with the Danish Financial Statements Act.Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional<br/>requirements applicable in Denmark. Our responsibilities under those standards and requirements are<br/>further described in the "Auditor's responsibilities for the audit of the financial statements" section of our<br/>report.<br/>We are independent of the Company in accordance with the International Ethics Standards Board for<br/>Accountants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements<br/>applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these<br/>rules and requirements.<br/>We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for<br/>our opinion.Management is responsible for the preparation of financial statements that give a true and fair view in<br/>accordance with the Danish Financial Statements Act and for such internal control that Management<br/>determines is necessary to enable the preparation of financial statements that are free from material<br/>misstatement, whether due to fraud or error.<br/>In preparing the financial statements, Management is responsible for assessing the Company's ability to<br/>continue as a going concern, disclosing, as applicable, matters related to going concern and using the<br/>going concern basis of accounting in preparing the financial statements unless Management either intends<br/>to liquidate the Company or to cease operations, or has no realistic alternative but to do so.Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are<br/>free from material misstatement, whether due to fraud or error, and to issue an auditor's report that<br/>includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an<br/>audit conducted in accordance with ISAs and the additional requirements in Denmark will always detect a<br/>material misstatement when it exists. Misstatements may arise from fraud or error and are considered<br/>material if, individually or in the aggregate, they could reasonably be expected to influence the economic<br/>decisions of users made on the basis of these financial statements.<br/>As part of an audit conducted in accordance with ISAs and the additional requirements applicable in<br/>Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit.<br/>We also<br/>— identify and assess the risks of material misstatement of the company financial statements, whether<br/>due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit<br/>evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a<br/>material misstatement resulting from fraud is higher than for one resulting from error as fraud may<br/>involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.<br/>— obtain an understanding of internal control relevant to the audit in order to design audit procedures that<br/>are appropriate in the circumstances, but not for the purpose of expressing an opinion on the<br/>effectiveness of the Company's internal control.<br/>— evaluate the appropriateness of accounting policies used and the reasonableness of accounting<br/>estimates and related disclosures made by Management.<br/>— conclude on the appropriateness of Management's use of the going concern basis of accounting in<br/>preparing the financial statements and, based on the audit evidence obtained, whether a material<br/>uncertainty exists related to events or conditions that may cast significant doubt on the Company's<br/>ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required<br/>to draw attention in our auditor's report to the related disclosures in the financial statements or, if such<br/>disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence<br/>obtained up to the date of our auditor's report. However, future events or conditions may cause the<br/>Company to cease to continue as a going concern.<br/>— evaluate the overall presentation, structure and contents of the financial statements, including the<br/>disclosures, and whether the financial statements represent the underlying transactions and events in<br/>a manner that gives a true and fair view.<br/>We communicate with those charged with governance regarding, among other matters, the planned scope<br/>and timing of the audit and significant audit findings, including any significant deficiencies in internal<br/>control that we identify during our audit.Management is responsible for the Management's review.<br/>Our opinion on the financial statements does not cover the Management's review, and we do not express<br/>any form of assurance conclusion thereon.<br/>In connection with our audit of the financial statements, our responsibility is to read the Management's<br/>review and, in doing so, consider whether the Management's review is materially inconsistent with the<br/>financial statements or our knowledge obtained during the audit, or otherwise appears to be materially<br/>misstated.<br/>Moreover, it is our responsibility to consider whether the Management's review provides the information<br/>required under the Danish Financial Statements Act.<br/>Based on the work we have performed, we conclude that the Management's review is in accordance with<br/>the financial statements and has been prepared in accordance with the requirements of the Danish<br/>Financial Statements Act. We did not identify any material misstatement of the Management's review.Copenhagen2021-06-02Morten Høgh-PetersenState Authorised Public Accountantmne34283Operating review<br/>Principal activities<br/>The company's main activity is to development and sell quality control instruments.<br/>Development in activities and financial position<br/>The Company's income statement for the period 30 September 2020 - 31 December 2020 shows a profit<br/>of DKK 128,553 as against a loss of DKK -157,182 for the period 1 April 2019 - 29 september 2020.<br/>Equity in the Company's balance sheet at 31 December 2020 stood at DKK -28,609 as against DKK<br/>-157,162 at 31 December 2019.<br/>Capital resources<br/>As at 31 December 2020 the company has lost more than half of its equity. Pursuant to §119 of the danish<br/>company act, management has assessed that the capital can be re-established from future income.<br/>Management have also assessed that the company has sufficient liquidity to finance operations for the<br/>coming year, and on this basis have prepared the financial statement for the period 29 September 2020 -<br/>31 December 2020 under the assumption of the company's continued operation.<br/>Events after the balance sheet date<br/>Subsequent to the balance sheet date, Zymoscope has secured additional financing which provides<br/>additional liquidity for continuance of operations. Apart from the above, there has not been any material<br/>events.The annual report of Zymoscope ApS for 2020 has been prepared in accordance with the provisions<br/>applying to reporting class B entities under the Danish Financial Statements Act with opt-in from higher<br/>reporting classes.<br/>The accounting policies used in the preparation of the financial statements are consistent with those of<br/>last year.Gross profit<br/>Pursuant to section 32 of the Danish Financial Statements Act, the Company has decided only to disclose<br/>gross profit.<br/>Government grants<br/>Government grants are recognised when it is fairly certain that the grant conditions will be complied with,<br/>and the grant will be received.<br/>Grants compensating for costs incurred are recognised directly as operating income in the income<br/>statement as costs eligible for grants are incurred. If the conditions for receiving the grant are not complied<br/>until after related costs have been recognised, the grant is to be recognised in the income statement when<br/>the conditions have been complied with and it is farily certain that the grant will be awarded.<br/>Grants to acquire assets are recognised in the balance sheet as deferred income/prepayments and<br/>transferred to other operating income in the income statement line with depreciation/amortisation of the<br/>assets covered by the grant.<br/>Revenue<br/>Income from the sale of goods is recognised in revenue when delivery and transfer of risk to the buyer<br/>have taken place, and the income may be measured reliably and is expected to be received.<br/>Cost of sales<br/>Cost of sales comprises costs incurred to generate revenue for the year. This item also comprises direct<br/>costs for goods for resale and changes to inventory of goods for resale.<br/>Other external costs<br/>Other external costs comprise distribution costs and costs related to sales, sales campaigns,<br/>administration, etc.<br/>Staff costs<br/>Staff costs comprise wages and salaries, including holiday allowance, pension and other social security<br/>costs, etc., to the Company's employees, excluding reimbursements from public authorities.<br/>Financial income and expenses<br/>Financial income and expenses comprise interest income and expense.<br/>Tax on profit/loss for the year<br/>Tax for the year comprises current corporation tax for the year and changes in deferred tax, including<br/>changes in tax rates. The tax expense relating to the profit/loss for the year is recognised in the income<br/>statement, and the tax expense relating to amounts directly recognised in equity is recognised directly in<br/>equity.Intangible assets<br/>Development projects<br/>Development costs comprise costs, wages, salaries and amortisation directly and indirectly attributable to<br/>development activities.<br/>Property, plant and equipment<br/>Plant and machinery and fixtures and fittings are measured at cost less accumulated depreciation and<br/>impairment losses.<br/>Cost comprises the purchase price and any costs directly attributable to the acquisition until the date on<br/>which the asset is available for use. Indirect production overheads and borrowing costs are not recognised<br/>in cost.<br/>Where individual components of an item of property, plant and equipment have different useful lives, they<br/>are accounted for as separate items, which are depreciated separately.<br/>The basis of depreciation is cost less any projected residual value after the end of the useful life.<br/>Depreciation is provided on a straight-line basis over the estimated useful life. The estimated useful lives<br/>are as follows:<br/>Plant and machinery 6 years<br/>The useful life and residual value are reassessed annually. Changes are treated as accounting estimates,<br/>and the effect on depreciation is recognised prospectively.<br/>Fixed assets under construction are recognised and measured at cost at the balance sheet date. Upon<br/>entry into service, the cost is transferred to the relevant group of property, plant and equipment.<br/>Gains and losses on the disposal of property, plant and equipment are stated as the difference between<br/>the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are<br/>recognised in the income statement as other operating income or other operating costs, respectively.<br/>Receivables<br/>Receivables are measured at amortised cost.<br/>Cash at bank and in hand<br/>Cash and cash equivalents comprise cash.<br/>Equity<br/>Reserve for development costs<br/>The reserve for development costs comprises capitalised development costs. The reserve cannot be used<br/>for dividends, distribution or to cover losses. If the recognised development costs are sold or in other ways<br/>excluded from the Company's operations, the reserve will be dissolved and transferred directly to the<br/>distributable reserves under equity. If the recognised development costs are written down, the part of the<br/>reserve corresponding to the write-down of the developments costs will be reversed. If a write-down of<br/>development costs is subsequently reversed, the reserve will be re-established. The reserve is reduced by<br/>amortisation of capitalised development costs on an ongoing basis.<br/>Corporation tax and deferred tax<br/>Current tax payable and receivable is recognised in the balance sheet as tax computed on the taxable<br/>income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account.<br/>Deferred tax is measured using the balance sheet liability method on all temporary differences between<br/>the carrying amount and the tax value of assets and liabilities based on the planned use of the asset or<br/>settlement of the liability. However, deferred tax is not recognised on temporary differences relating to<br/>goodwill non-deductible for tax purposes and on office premises and other items where the temporary<br/>differences arise at the date of acquisition without affecting either profit/loss or taxable income.<br/>Deferred tax assets, including the tax value of tax loss carryforwards, are recognised at the expected<br/>value of their utilisation within the foreseeable future; either as a set-off against tax on future income or as<br/>a set-off against deferred tax liabilities in the same legal tax entity. Any deferred net assets are measured<br/>at net realisable value.<br/>Deferred tax is measured in accordance with the tax rules and at the tax rates applicable at the balance<br/>sheet date when the deferred tax is expected to crystallise as current tax. Changes in deferred tax as a<br/>result of changes in tax rates are recognised in the income statement or equity, respectively.<br/>Liabilities other than provisions<br/>Liabilities are measured at net realisable value.191284-117651426601080877202609147904-22834727135212001360146975-22935518422-72173128553-157182171827311819-43274-4690010171827-4327456880234851110887118475796893603580331610787876672955881488337106375956832514851352956121227262128117919619816394000040000443666271839-512275-469001-28609-1571624000040000271839443666-469001-512275-1571625412744995412744997439957439957439957439959332023341819732355579514525711022448390307176644311343021791961981639Wages and salaries 230,746 328,000<br/>Other social security costs 1,704 3,787<br/>232,450 331,787<br/>Of the 232 t.dkk in staff cost 190 t.dkk has been capitalised under development cost.32Tax credit schemes (LL8x) -31,206 -76,672<br/>Deferred tax for the year 49,628 4,499<br/>18,422 -72,173Plant and<br/>machinery<br/>Cost at 30 September 2020 14,456<br/>Disposals for the year -240<br/>Cost at 31 December 2020 14,216<br/>Depreciation and impairment losses at 30 September 2020 -2,609<br/>Depreciation for the year -720<br/>Depreciation and impairment losses at 31 December 2020 -3,329<br/>Carrying amount at 31 December 2020 10,887Capital resources<br/>As at 31 December 2020 the company has lost more than half of its equity. Pursuant to §119 of the danish<br/>company act, management has assessed that the capital can be re-established from future income.<br/>Management have also assessed that the company has sufficient liquidity to finance operations for the<br/>coming year, and on this basis have prepared the financial statement for the period 29 September 2020 -<br/>31 December 2020 under the assumption of the company's continued operation.