38452789 2017-03-01 2017-12-31 38452789 2017-03-01 2017-12-31 0 38452789 2017-03-01 2017-12-31 1 38452789 2017-12-31 iso4217:DKK Årsrapport 2018-07-03 Ira Veronica Turangta Ginting CREZO IVS Trongårdsvej 46, st 18 2800 Kgs. Lyngby 42743369 veronica@crezo.dk 38452789 2017-03-01 2017-12-31 <div xmlns="http://www.w3.org/1999/xhtml">The Executive Board have today discussed and approved the annual report of Crezo IVS for the fiscal year 1 March 2017 - 31 December 2017.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">The annual report is prepared in accordance with the Danish Financial Statements Act. The company meets the conditions for opting out of auditing the financial statements.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">In our opinion, the financial statements give a true and fair view of the Company's financial position at 31 December 2017 and of the results of the Company's operations for the fiscal year 1 March 2017 - 31 December 2017.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">We recommend that the annual report be approved at the annual general meeting.</div> Copenhagen 2018-07-03 Ira Veronica Turangta Ginting CEO Lujza Grossmanová CFO <div xmlns="http://www.w3.org/1999/xhtml">Main Activity <br/>The companys main activity is connecting students with companies and NGO's in order to facilitate experience and knowledge sharing.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Development <br/>There has been limited activity in the year, and the result of the companys activities iss DKK 26.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Unusual matters having affected the financial statements <br/>No unusual maters have impacted the companys financial status as at 31 December 2017 or the result of its activities in 2017.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Post balance sheet events <br/>No significant events have occurred subsequent to the financial year.</div> Årsrapporten er aflagt i overensstemmelse med årsregnskabslovens bestemmelser for Regnskabsklasse B. Regnskabsklasse B <div xmlns="http://www.w3.org/1999/xhtml"> <br/>The annual report of Crezo IVS for 2017 has been prepared in accordance with the provisions applying to reporting class B enterprises under the Danish Financial Statements Act.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Reporting currency <br/>The financial statements are presented in Danish kroner.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Foreign currency translation <br/>On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and at the date of payment are recognised in the income statement as financial income or financial expenses.</div> <div xmlns="http://www.w3.org/1999/xhtml">Receivables and payables and other monetary items denominated in foreign currencies are translated at the exchange rates at the balance sheet date. The difference between the exchange rates at the balance sheet date and at the date at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the income statement as financial income or financial expenses.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Income statement</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Revenue </div> <div xmlns="http://www.w3.org/1999/xhtml">Revenue is measured at fair value of the agreed consideration exclusive of VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Gross profit</div> <div xmlns="http://www.w3.org/1999/xhtml">In the income statement, revenue, production expenses and other operating income have been aggregated into one item called 'gross margin', cf. section 32 of the Danish Financial Statements Act.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Other operating income and operating expenses</div> <div xmlns="http://www.w3.org/1999/xhtml">Other operating income and operating expenses comprise items of a secondary nature relative to the Company's core activities, including gains or losses on the sale of non-current assets.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Tax</div> <div xmlns="http://www.w3.org/1999/xhtml">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.</div> <div xmlns="http://www.w3.org/1999/xhtml"> <br/>Balance sheet</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Cash at hand and in bank</div> <div xmlns="http://www.w3.org/1999/xhtml">Cash at hand and in bank comprise cash and short-term marketable securities which are subject to an insignificant risk of changes in value.</div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml">Liabilities</div> <div xmlns="http://www.w3.org/1999/xhtml">Other liabilities are measured at net realisable value.</div> 314 340 -26 -26 -26 21879 21879 21879 100 -26 74 2336 1395 18074 21805 21805 21879 false false false false Ingen bistand Challenge Accepted ApS Tybjergvej 97B 2720 Vanløse