Årsrapport30700228Ernst & Young Godkendt RevisionspartnerselskabHavnegade 33Postboks 371, 6701 Esbjerg2014-03-242014-12-312015-06-0435810390Advanced Omega A/SLæssevejen 206700Esbjerg2014-03-24EsbjergSydbank A/SKongensgade 626701EsbjergHavnegade 336701Esbjerg2015-06-12Nils Christian JensenRegnskabsklasse BRevisionspåtegning2015-06-042015-06-04Esbjerg, Eyal AferganHans Otto SørensenNils Christian JensenChairmanAriel KatzShachar CarmiAnker Ditlev MejnertzEsbjerg, John Lesbostate authorised public accountant-766200-76620118320-754570-75457-7545796954310000009695431000000969543100000010000001000000-7545709245431000000450000450000450000969543100000010000000-754571000000-75457The company's purpose is to do business within marketing, sales og distribution, and in total commercially exploit the company's created product to the health food industry (Active Nutraceutical Ingredients). The income statement for 2014 shows a loss of DKK 75,457 and the balance sheet at 31 December 2014 shows equity of DKK 924,543. No significant events have occurred subsequent to the financial year, except from the company's expectation to liquidate til company in the fiscal year 2015. The Board of Directors and the Executive Board have today discussed and approved the annual report of Advanced Omega A/S for the financial year 24 March - 31 December 2014. The annual report is prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Company's financial position at 31 December 2014 and of the results of the Company's operations for the financial year 24 March - 31 December 2014. Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend the adoption of the annual report at the annual general meeting. To the shareholders of Advanced Omega A/S We have audited the financial statements of Advanced Omega A/S for the financial year 24 March - 31 December 2014, which comprise an income statement, balance sheet, statement of changes in equity and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act. Further, Management is responsible for such internal control as it determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Our responsibility is to express an opinion on the financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing and additional requirements according to Danish audit regulations. This requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgement, including an assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation of financial statements that give a true and fair view. The purpose is to design audit procedures that are appropriate in the circumstances, but not to express an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of accounting policies used, the reasonableness of accounting estimates made by Management as well as the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Our audit has not resulted in any qualification. In our opinion, the financial statements give a true and fair view of the Company's financial position at 31 December 2014 and of the results of its operations for the financial year 24 March - 31 December 2014 in accordance with the Danish Financial Statements Act. Without modifying our audit opinion, we wish to point to note 2 in the financial statements, which describes an expectation to liquidate the company in the fiscal year 2015. Pursuant to the Danish Financial Statements Act, we have read the Management's review. We have not performed any other procedures in addition to the audit of the financial statements. On this basis, it is our opinion that the information provided in the Management's review is consistent with the financial statements. The annual report of Advanced Omega A/S has been presented in accordance with the provisions of the Danish Financial Statements Act as regards reporting class B enterprises. Reporting currency The financial statements are presented in Danish kroner. Gross profit/loss With reference to section 32 of the Danish Financial Statements Act, the items 'Revenue', 'Cost of sale', 'Other external expenses' and 'Other operating income' are consolidated into one item designated 'Gross profit/loss'. Other external expenses include the year's expenses relating to the entity's core activities, including expenses relating to attorney, accountant, ect. Financial income and expenses are recognised in the income statements at the amounts that concern the financial year. Net financials include interest income and expenses as well as allowances and surcharges under the advance-payment-of-tax scheme, etc. Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity. Cash comprises cash balances and bank balances. Current tax payable and receivable is recognised in the balance sheet as the estimated tax charge in respect of the taxable income for the year, adjusted for tax on prior years' taxable income and tax paid on account. Provisions for deferred tax are calculated, based on the liability method, of all temporary differences between carrying amounts and tax values, with the exception of temporary differences occurring at the time of acquisition of assets and liabilities neither affecting the results of operations nor the taxable income, as well as temporary differences on non-amortisable goodwill. Deferred tax is measured according to the taxation rules and taxation rates in the respective countries applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax assets are recognised at the value at which they are expected to be utilised, either through elimination against tax on future earnings or through a set-off against deferred tax liabilities within the same jurisdiction. Liabilities are measured at net realisable value. The company is expected to be liquidated in the fiscal year 2015. The company has no employees. Information about related parties with a controlling interest: Related party Domicile Basis for control Polar Omega A/S Læssevejen 20 6700 Esbjerg Participating interest 358103902014-03-242014-12-31358103901900-03-01358103902014-12-31358103902014-03-242014-12-311358103902014-03-242014-12-312358103902014-03-242014-12-313358103902014-03-242014-12-314358103902014-03-242014-12-311358103902014-03-242014-12-312358103902014-03-242014-12-311358103902014-03-242014-12-31d:RetainedEarningsMember358103902014-03-24d:ContributedCapitalMember358103902014-12-31d:ContributedCapitalMember358103902014-03-24d:RetainedEarningsMember358103902014-03-242014-12-31d:RetainedEarningsMember358103902014-12-31d:RetainedEarningsMemberiso4217:DKK