Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2018-12-31 | 22921250 | u0 |
| ifrs-full:Assets | 2017-12-31 | 25012237 | u0 |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|
XML
See the xml submitted here:
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The full data:
<?xml version="1.0" encoding="UTF-8"?><xbrl xmlns="http://www.xbrl.org/2003/instance" xmlns:f="http://xbrl.dcca.dk/sob" xmlns:b="http://xbrl.dcca.dk/entryBalanceSheetAccountFormIncomeStatementByNature" xmlns:h="http://xbrl.dcca.dk/mrv" xmlns:g="http://xbrl.dcca.dk/arr" xmlns:d="http://xbrl.dcca.dk/cmn" xmlns:e="http://xbrl.dcca.dk/fsa" xmlns:c="http://xbrl.dcca.dk/gsd" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://xbrl.dcca.dk/entryBalanceSheetAccountFormIncomeStatementByNature http://archprod.service.eogs.dk/taxonomy/20171001/entryDanishGAAPBalanceSheetAccountFormIncomeStatementByNatureIncludingManagementsReviewStatisticsAndTax20171001.xsd"><link:schemaRef xlink:type="simple" xlink:href="http://archprod.service.eogs.dk/taxonomy/20171001/entryDanishGAAPBalanceSheetAccountFormIncomeStatementByNatureIncludingManagementsReviewStatisticsAndTax20171001.xsd"/><c:InformationOnTypeOfSubmittedReport contextRef="c65">Ã
rsrapport</c:InformationOnTypeOfSubmittedReport><c:IdentificationNumberCvrOfSubmittingEnterprise contextRef="c65">33771231</c:IdentificationNumberCvrOfSubmittingEnterprise><c:NameOfSubmittingEnterprise contextRef="c65">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</c:NameOfSubmittingEnterprise><c:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="c65">Strandvejen 44</c:AddressOfSubmittingEnterpriseStreetAndNumber><c:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="c65">2900 Hellerup</c:AddressOfSubmittingEnterprisePostcodeAndTown><c:ReportingPeriodStartDate contextRef="c65">2018-01-01</c:ReportingPeriodStartDate><c:PrecedingReportingPeriodStartDate contextRef="c65">2017-01-01</c:PrecedingReportingPeriodStartDate><c:ReportingPeriodEndDate contextRef="c65">2018-12-31</c:ReportingPeriodEndDate><c:PredingReportingPeriodEndDate contextRef="c65">2017-12-31</c:PredingReportingPeriodEndDate><c:IdentificationNumberCvrOfReportingEntity contextRef="c65">35249389</c:IdentificationNumberCvrOfReportingEntity><c:NameOfReportingEntity contextRef="c65">Curasight ApS</c:NameOfReportingEntity><c:AddressOfReportingEntityStreetName contextRef="c65">Ole Maaløes Vej</c:AddressOfReportingEntityStreetName><c:AddressOfReportingEntityStreetBuildingIdentifier contextRef="c65">3</c:AddressOfReportingEntityStreetBuildingIdentifier><c:AddressOfReportingEntityPostCodeIdentifier contextRef="c65">2200</c:AddressOfReportingEntityPostCodeIdentifier><c:AddressOfReportingEntityDistrictName contextRef="c65">Copenhagen N</c:AddressOfReportingEntityDistrictName><c:RegisteredOfficeOfReportingEntity contextRef="c65">Copenhagen</c:RegisteredOfficeOfReportingEntity><c:TelephoneNumberOfReportingEntity contextRef="c65">27124971</c:TelephoneNumberOfReportingEntity><c:EmailOfReportingEntity contextRef="c65">uk@curasight.com</c:EmailOfReportingEntity><d:NameOfAuditFirm contextRef="c67">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</d:NameOfAuditFirm><d:IdentificationNumberCvrOfAuditFirm contextRef="c67">33771231</d:IdentificationNumberCvrOfAuditFirm><c:AddressOfAuditorStreetName contextRef="c67">Strandvejen</c:AddressOfAuditorStreetName><c:AddressOfAuditorStreetBuildingIdentifier contextRef="c67">44</c:AddressOfAuditorStreetBuildingIdentifier><c:AddressOfAuditorPostCodeIdentifier contextRef="c67">2900</c:AddressOfAuditorPostCodeIdentifier><c:AddressOfAuditorDistrictName contextRef="c67">Hellerup</c:AddressOfAuditorDistrictName><c:AddressOfAuditorCountry contextRef="c65">Danmark</c:AddressOfAuditorCountry><c:DateOfGeneralMeeting contextRef="c65">2019-06-24</c:DateOfGeneralMeeting><c:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="c65">Lars Trolle</c:NameAndSurnameOfChairmanOfGeneralMeeting><e:ClassOfReportingEntity contextRef="c65">Regnskabsklasse B</e:ClassOfReportingEntity><e:SelectedElementsFromReportingClassC contextRef="c65">1</e:SelectedElementsFromReportingClassC><d:TypeOfAuditorAssistance contextRef="c65">RevisionspÃ¥tegning</d:TypeOfAuditorAssistance><f:IdentificationOfApprovedAnnualReport contextRef="c65" xml:lang="en">The Executive Board and Board of Directors have today considered and adopted the Annual Report of Curasight ApS for the financial year 1 January - 31 December 2018.</f:IdentificationOfApprovedAnnualReport><f:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement contextRef="c65" xml:lang="en">The Annual Report is prepared in accordance with the Danish Financial Statements Act.</f:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement><f:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults contextRef="c65" xml:lang="en">In our opinion the Financial Statements give a true and fair view of the financial position at 31 December 2018 of the Company and of the results of the Company operations for 2018.</f:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults><f:ManagementsStatementAboutManagementsReview contextRef="c65" xml:lang="en">In our opinion, Management's Review includes a true and fair account of the matters addressed in the Review.</f:ManagementsStatementAboutManagementsReview><f:RecommendationForApprovalOfAnnualReportByGeneralMeeting contextRef="c65" xml:lang="en">We recommend that the Annual Report be adopted at the Annual General Meeting.</f:RecommendationForApprovalOfAnnualReportByGeneralMeeting><f:PlaceOfSignatureOfStatement contextRef="c65">København N</f:PlaceOfSignatureOfStatement><f:DateOfApprovalOfAnnualReport contextRef="c65">2019-06-24</f:DateOfApprovalOfAnnualReport><d:NameAndSurnameOfMemberOfExecutiveBoard contextRef="c83">Ulrich Krasilnikoff</d:NameAndSurnameOfMemberOfExecutiveBoard><d:TitleOfMemberOfExecutiveBoard contextRef="c83">CEO</d:TitleOfMemberOfExecutiveBoard><d:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c68">Lars Trolle</d:NameAndSurnameOfMemberOfSupervisoryBoard><d:TitleOfMemberOfSupervisoryBoard contextRef="c68">Chairman</d:TitleOfMemberOfSupervisoryBoard><d:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c69">Ulrich Krasilnikoff</d:NameAndSurnameOfMemberOfSupervisoryBoard><d:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c70">Andreas Kjær</d:NameAndSurnameOfMemberOfSupervisoryBoard><g:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="c65" xml:lang="en">To the Shareholders of Curasight ApS</g:AddresseeOfAuditorsReportOnAuditedFinancialStatements><g:OpinionOnAuditedFinancialStatements contextRef="c65" xml:lang="en">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 Companyâs operations for the financial year 1 January - 31 December 2018 in accordance with the Danish Financial Statements Act.
</g:OpinionOnAuditedFinancialStatements><g:IdentificationOfAuditedFinancialStatements contextRef="c65" xml:lang="en">We have audited the Financial Statements of Curasight ApS for the financial year 1 January - 31 December 2018, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (âthe Financial Statementsâ).
</g:IdentificationOfAuditedFinancialStatements><g:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="c65" xml:lang="en">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the âAuditorâs responsibilities for the audit of the Financial Statementsâ section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountantsâ Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
</g:DescriptionOfQualificationsOfAuditedFinancialStatements><g:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="c65" xml:lang="en">Management is responsible for Managementâs Review.
Our opinion on the Financial Statements does not cover Managementâs Review, and we do not express any form of assurance conclusion thereon.
In connection with our audit of the Financial Statements, our responsibility is to read Managementâs Review and, in doing so, consider whether Managementâs Review is materially inconsistent with the Financial Statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.
Moreover, it is our responsibility to consider whether Managementâs Review provides the information required under the Danish Financials Statements Act.
Based on the work we have performed, in our view, Managementâs Review is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Managementâs Review.
</g:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements><g:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="c65" xml:lang="en">Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the Financial Statements, Management is responsible for assessing the Companyâs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the Financial Statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
</g:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements><g:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="c65" xml:lang="en">Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorâs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements.
As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companyâs internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.
Conclude on the appropriateness of Managementâs use of the going concern basis of accounting in preparing the Financial Statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Companyâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs report to the related disclosures in the Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorâs report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and contents of the Financial Statements, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
</g:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed><g:SignatureOfAuditorsPlace contextRef="c65">Hellerup</g:SignatureOfAuditorsPlace><g:SignatureOfAuditorsDate contextRef="c65">2019-06-24</g:SignatureOfAuditorsDate><g:SignatureOfAuditorsPlace contextRef="c65">Hellerup</g:SignatureOfAuditorsPlace><g:SignatureOfAuditorsDate contextRef="c65">2019-06-24</g:SignatureOfAuditorsDate><d:NameOfAuditFirm contextRef="c67">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</d:NameOfAuditFirm><d:NameAndSurnameOfAuditor contextRef="c67">Jacob F Christiansen</d:NameAndSurnameOfAuditor><d:DescriptionOfAuditor contextRef="c67">State Authorised Public Accountant</d:DescriptionOfAuditor><d:IdentificationNumberOfAuditor contextRef="c67">mne18628</d:IdentificationNumberOfAuditor><d:NameAndSurnameOfAuditor contextRef="c66">Henrik Y. Jensen</d:NameAndSurnameOfAuditor><d:DescriptionOfAuditor contextRef="c66">State Authorised Public Accountant</d:DescriptionOfAuditor><d:IdentificationNumberOfAuditor contextRef="c66">mne35442</d:IdentificationNumberOfAuditor><h:ManagementsReview contextRef="c65" xml:lang="en">Financial Statements of Curasight ApS for 2018 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C.
The Annual Report has been prepared under the same accounting policies as last year.
Key activities
The Companyâs business activity is to develop a diagnostic technology within nuclear medicine. In the financial year the Company has completed a phase II clinical trial in breast cancer and initiated a new clinical phase IIb study within Prostate Cancer, which strengthening the strategic platform.
Development in the year
The income statement of the Company for 2018 shows a loss of DKK 1,048,004 and at 31 December 2018 the balance sheet of the Company shows equity of DKK 18,751,259, which is in accordance to the budget. Management consider the results satisfactory. The company plans to conduct a capital increase after the approval of the Annual Report, that will ensure sufficient liquidity in 2019.
The company has received an US patent notification with issue date 6 February 2018 and patent number 9884131. Besides an EU patent and Canadian patent is under issuing.
Research and development activities
The Company does research and development with the purpose of development of novel and innovative diagnostic technologies within nuclear medicine. The Company has already successfully completed two phase II clinical trial at The Danish National University Hospital (Rigshospitalet), in cancer patients with very promising results. Furthermore, six additional phase II clinical trials in other cancer indications are ongoing and sponsored by Academia (Rigshospitalet and University of Copenhagen) with Curasight as collaborator, based on the Companyâs new product uTRACE®.
The company has conducted clinical investigations of more than 300 cancer patients so far, which has shown very positive results and led to the start-up of additional clinical studies in other cancer indications in collaboration with the University Hospital in Copenhagen (Rigshospitalet).
Besides, the company has entered into a cooperation with Innovationsfonden, Rigshospitalet, University of Copenhagen and FluoGuide in order to develop products guiding surgery that illuminating cancer cells. The technology helps the surgeon to remove the entire tumor during surgery and increase the chance for complete cure of the patient.
Outlook
The Company has completed a phase IIb clinical trial in prostate cancer in Q1 2019. Based on predicted positive outcome, continued product development activities and work towards a phase III registration trial will be initiated, together with development of a go-to-market strategy. The Company expects a negative result for 2019 as planned.
Subsequent events
In connection with the broadening of the strategy in order to unfold the full potential within diagnostics and therapy in PET/CT, the management has completed a management buy-out in 2019, which has led to changes in the ownership.
Subsequent the remaining shareholders has committed to ensure the company's capital base and liquidity for 2019.
Apart from this no events materially affecting the assessment of the Annual Report have occurred after the balance sheet date.</h:ManagementsReview><e:GrossProfitLoss contextRef="c65" unitRef="u0" decimals="0">-367148</e:GrossProfitLoss><e:GrossProfitLoss contextRef="c92" unitRef="u0" decimals="0">-988287</e:GrossProfitLoss><e:EmployeeBenefitsExpense contextRef="c65" unitRef="u0" decimals="0">862846</e:EmployeeBenefitsExpense><e:EmployeeBenefitsExpense contextRef="c92" unitRef="u0" decimals="0">1512763</e:EmployeeBenefitsExpense><e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="c65" unitRef="u0" decimals="0">91384</e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss><e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="c92" unitRef="u0" 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decimals="0">10541717</e:Equity><e:Equity contextRef="c20" unitRef="u0" decimals="0">8970965</e:Equity><e:EquityTransfersToReserves contextRef="c1" unitRef="u0" decimals="0">0</e:EquityTransfersToReserves><e:EquityTransfersToReserves contextRef="c2474" unitRef="u0" decimals="0">2054685</e:EquityTransfersToReserves><e:EquityTransfersToReserves contextRef="c21" unitRef="u0" decimals="0">-2054685</e:EquityTransfersToReserves><e:ProfitLoss contextRef="c2474" unitRef="u0" decimals="0">0</e:ProfitLoss><e:ProfitLoss contextRef="c21" unitRef="u0" decimals="0">-1042504</e:ProfitLoss><e:Equity contextRef="c2" unitRef="u0" decimals="0">286581</e:Equity><e:Equity contextRef="c2475" unitRef="u0" decimals="0">12596402</e:Equity><e:Equity contextRef="c22" unitRef="u0" decimals="0">5873776</e:Equity><e:DisclosureOfUncertaintiesRelatingToGoingConcern contextRef="c65" xml:lang="en">The companys shareholders has provided letters of support and declared that they will ensure that Curasight ApS has sufficient liquidity so the company is able to fulfill its obligations in due time.
In continuance hereof Management has decided to prepare the Financial Statement under the assumption of going concern.</e:DisclosureOfUncertaintiesRelatingToGoingConcern><e:DisclosureOfAnyUncertaintyConnectedWithRecognitionOrMeasurement contextRef="c65" xml:lang="en">Due to the nature of the business and uncertanties related to future cashflow there are uncertainties related to the valuation of the intangible assets. 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The project relates to the development of a new product uTRACE® which is a diagnostic platform for various cancer indications. The project is progressing as planned and is expected to be on the market in 2021. uTRACE® is expected be sold to hospitals worldwide for diagnostic purposes of patients with different cancer indications.</e:fInformationOnSpecificPrerequisitesRegardingDevelopmentProjects><e:PropertyPlantAndEquipmentGross contextRef="c188" unitRef="u0" decimals="0">397345</e:PropertyPlantAndEquipmentGross><e:PropertyPlantAndEquipmentGross contextRef="c190" unitRef="u0" decimals="0">397345</e:PropertyPlantAndEquipmentGross><e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="c188" unitRef="u0" decimals="0">59599</e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment><e:DepreciationOfPropertyPlantAndEquipment contextRef="c189" unitRef="u0" decimals="0">39732</e:DepreciationOfPropertyPlantAndEquipment><e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="c190" unitRef="u0" decimals="0">99331</e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment><e:PropertyPlantAndEquipment contextRef="c190" unitRef="u0" decimals="0">298014</e:PropertyPlantAndEquipment><e:DescriptionOfClassOfIssuedShares contextRef="c119">A-shares</e:DescriptionOfClassOfIssuedShares><e:NumberOfIssuedShares contextRef="c119" unitRef="u3" decimals="INF">80000</e:NumberOfIssuedShares><e:NominalValueOfIssuedShares contextRef="c119" unitRef="u0" decimals="0">80000</e:NominalValueOfIssuedShares><e:DescriptionOfClassOfIssuedShares contextRef="c120">B-shares</e:DescriptionOfClassOfIssuedShares><e:NumberOfIssuedShares contextRef="c120" unitRef="u3" decimals="INF">39179</e:NumberOfIssuedShares><e:NominalValueOfIssuedShares contextRef="c120" unitRef="u0" decimals="0">39179</e:NominalValueOfIssuedShares><e:DescriptionOfClassOfIssuedShares contextRef="c121">C-shares</e:DescriptionOfClassOfIssuedShares><e:NumberOfIssuedShares contextRef="c121" unitRef="u3" decimals="INF">167402</e:NumberOfIssuedShares><e:NominalValueOfIssuedShares contextRef="c121" unitRef="u0" decimals="0">167402</e:NominalValueOfIssuedShares><e:Equity contextRef="c123" unitRef="u0" decimals="0">180007</e:Equity><e:Equity contextRef="c126" unitRef="u0" decimals="0">119179</e:Equity><e:Equity contextRef="c129" unitRef="u0" decimals="0">101953</e:Equity><e:Equity contextRef="c132" unitRef="u0" decimals="0">80000</e:Equity><e:IncreaseOfCapital contextRef="c124" unitRef="u0" decimals="0">106574</e:IncreaseOfCapital><e:IncreaseOfCapital contextRef="c127" unitRef="u0" decimals="0">60828</e:IncreaseOfCapital><e:IncreaseOfCapital contextRef="c130" unitRef="u0" decimals="0">17226</e:IncreaseOfCapital><e:IncreaseOfCapital contextRef="c133" unitRef="u0" decimals="0">21953</e:IncreaseOfCapital><e:DecreaseOfCapital contextRef="c124" unitRef="u0" decimals="0">0</e:DecreaseOfCapital><e:DecreaseOfCapital contextRef="c127" unitRef="u0" decimals="0">0</e:DecreaseOfCapital><e:DecreaseOfCapital contextRef="c130" unitRef="u0" decimals="0">0</e:DecreaseOfCapital><e:DecreaseOfCapital contextRef="c133" unitRef="u0" decimals="0">0</e:DecreaseOfCapital><e:Equity contextRef="c125" unitRef="u0" decimals="0">286581</e:Equity><e:Equity contextRef="c128" unitRef="u0" decimals="0">180007</e:Equity><e:Equity contextRef="c131" unitRef="u0" decimals="0">119179</e:Equity><e:Equity contextRef="c134" unitRef="u0" decimals="0">101953</e:Equity><e:DisclosureOfProvisionsForDeferredTax contextRef="c65" xml:lang="en">Intangible assets
4.211.196
3.643.033
Property, plant and equipment
28.684
25.133
Tax loss carry-forward
-2.362.125
-1.506.258
1.877.755
1.591.961</e:DisclosureOfProvisionsForDeferredTax><e:DisclosureOfContingentLiabilities contextRef="c65" xml:lang="en">
Contingent liabilities
Curasight ApS has entered lease agreements where the obligations in the non-terminability period amount to DKK 1.184.</e:DisclosureOfContingentLiabilities><e:InformationOnReportingClassOfEntity contextRef="c65" xml:lang="en">The Annual Report of Curasight ApS for 2018 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C.
The accounting policies applied remain unchanged from last year.
The Financial Statements for 2018 are presented in DKK.</e:InformationOnReportingClassOfEntity><e:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies contextRef="c65" xml:lang="en">Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement.
Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably.
Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably.
Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below.</e:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies><e:DescriptionOfMethodsOfForeignCurrencies contextRef="c65" xml:lang="en">Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Exchange differences arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement. Where foreign exchange transactions are considered hedging of future cash flows, the value adjustments are recognised directly in equity.
Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement.
Fixed assets acquired in foreign currencies are measured at the transaction date rates.</e:DescriptionOfMethodsOfForeignCurrencies><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfExternalExpenses contextRef="c65" xml:lang="en">Other external expenses comprise indirect production costs and expenses for premises, sales and distribution as well as office expenses, etc.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfExternalExpenses><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfGrossProfitLoss contextRef="c65" xml:lang="en">With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of expenses for consumables and other external expenses.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfGrossProfitLoss><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEmployeeBenefitExpense contextRef="c65" xml:lang="en">Staff expenses comprise wages and salaries as well as payroll expenses.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEmployeeBenefitExpense><e:DescriptionOfMethodsOfImpairmentLossesAndDepreciation contextRef="c65" xml:lang="en">Amortisation, depreciation and impairment losses comprise amortisation, depreciation and impairment of intangible assets and property, plant and equipment.</e:DescriptionOfMethodsOfImpairmentLossesAndDepreciation><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses contextRef="c65" xml:lang="en">Financial income and expenses are recognised in the income statement at the amounts relating to the financial year.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses contextRef="c65" xml:lang="en">Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment contextRef="c65" xml:lang="en">Property, plant and equipment are measured at cost less accumulated depreciation and less any accumulated impairment losses.
Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use.
Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which are:
Other fixtures and fittings, tools and equipment 10 years
Depreciation period and residual value are reassessed annually.
Assets costing less than DKK 13,500 are expensed in the year of acquisition.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment><e:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets contextRef="c65" xml:lang="en">The carrying amounts of intangible assets and property, plant and equipment are reviewed on an annual basis to determine whether there is any indication of impairment other than that expressed by amortisation and depreciation.
If so, the asset is written down to its lower recoverable amount.</e:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables contextRef="c65" xml:lang="en">Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax contextRef="c65" xml:lang="en">Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively.
Deferred tax assets are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity.
Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax><e:DescriptionOfMethodsOfCurrentTaxReceivablesAndLiabilities contextRef="c65" xml:lang="en">Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses.</e:DescriptionOfMethodsOfCurrentTaxReceivablesAndLiabilities><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions contextRef="c65" xml:lang="en">Debts are measured at amortised cost, substantially corresponding to nominal value.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeLiabilities contextRef="c65" xml:lang="en">Deferred income comprises payments received in respect of income in subsequent years.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeLiabilities><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIntangibleAssets contextRef="c65" xml:lang="en">Intangible assets comprise uncompleted and completed development projects with related intellectual property rights, acquired intellectual property rights and includes salaries, amortization and other costs directly and indirectly attributable to the Company's development projects.
Development projects that are clearly defined and identifiable, where the technical utilization, sufficient resources and a potential future market or development opportunities in the Company can be demonstrated and where the intention is to produce, market or use the project are recognized as intangible assets if there is sufficient certainty that the capital value of future earnings can cover production costs, selling and administrative expenses and development costs.
Development projects that do not meet the criteria for capitalization are recognized as expenses in the income statement as incurred.
Capitalised development costs are measured at cost less accumulated depreciation and writedowns or recoverable amount, whichever is lower. An amount equal to the capitalized development costs in the balance held by 1 January 2016 are recognized in the item "reserve for development costs" under equity. The reserve decreased in value due to depreciation.
Completed development projects are amortised on a straight-line basis using the estimated useful lives of the assets. The amortisation period is 3 years.
Patents and licences are measured at the lower of cost less accumulated amortisation and recoverable amount. Patents are amortised over the remaining patent period, and licences are amortised over the licence period; however not exceeding 10 years.
Development costs and costs relating to rights developed by the Company are recognised in the income statement as costs in the year of acquisition.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIntangibleAssets><!--Virksomhedskapital aktuel primo--><context id="c0"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Virksomhedskapital aktuel i aaret--><context id="c1"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Virksomhedskapital aktuel ultimo--><context id="c2"><entity><identifier 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scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2017-12-31</instant></period></context><!--Slutdato aktuelle periode enkelt selskab--><context id="c110"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period></context><!--Aktiespec Besk1--><context id="c119"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:typedMember dimension="e:IdentificationOfClassOfSharesDimension"><e:classOfSharesIdentifier>1</e:classOfSharesIdentifier></xbrldi:typedMember></scenario></context><!--Aktiespec Besk2--><context id="c120"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:typedMember dimension="e:IdentificationOfClassOfSharesDimension"><e:classOfSharesIdentifier>2</e:classOfSharesIdentifier></xbrldi:typedMember></scenario></context><!--Aktiespec Besk3--><context id="c121"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:typedMember dimension="e:IdentificationOfClassOfSharesDimension"><e:classOfSharesIdentifier>3</e:classOfSharesIdentifier></xbrldi:typedMember></scenario></context><!--Kapital aktuel primo forrige aar--><context id="c123"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:PreviousYearMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel i aaret forrige aar--><context id="c124"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:PreviousYearMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel ultimo forrige aar--><context id="c125"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:PreviousYearMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel primo forrige aar 2--><context id="c126"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:TwoYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel i aaret forrige aar 2--><context id="c127"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:TwoYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel ultimo forrige aar 2--><context id="c128"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:TwoYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel primo forrige aar 3--><context id="c129"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:ThreeYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel i aaret forrige aar 3--><context id="c130"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:ThreeYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel ultimo forrige aar 3--><context id="c131"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:ThreeYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel primo forrige aar 4--><context id="c132"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:FourYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel i aaret forrige aar 4--><context id="c133"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:FourYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel ultimo forrige aar 4--><context id="c134"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:FourYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Andre anlag aktuel primo--><context id="c188"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:FixturesFittingsToolsAndEquipmentMember</xbrldi:explicitMember></scenario></context><!--Andre anlag aktuel i aaret--><context id="c189"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:FixturesFittingsToolsAndEquipmentMember</xbrldi:explicitMember></scenario></context><!--Andre anlag aktuel ultimo--><context id="c190"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:FixturesFittingsToolsAndEquipmentMember</xbrldi:explicitMember></scenario></context><!--Erhvervede_patenter aktuel primo--><context id="c330"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:AcquiredPatentsMember</xbrldi:explicitMember></scenario></context><!--UdvProjekt_U_Udforelse aktuel primo--><context id="c332"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:DevelopmentProjectsInProgressMember</xbrldi:explicitMember></scenario></context><!--UdvProjekt_U_Udforelse aktuel i aaret--><context id="c336"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:DevelopmentProjectsInProgressMember</xbrldi:explicitMember></scenario></context><!--UdvProjekt_U_Udforelse aktuel ultimo--><context id="c337"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:DevelopmentProjectsInProgressMember</xbrldi:explicitMember></scenario></context><!--Erhvervede_patenter aktuel i aaret--><context id="c340"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:AcquiredIntangibleAssetsMember</xbrldi:explicitMember></scenario></context><!--Erhvervede_patenter aktuel ultimo--><context id="c341"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:AcquiredIntangibleAssetsMember</xbrldi:explicitMember></scenario></context><!--Reserve for udviklingsomkostninger aktuel primo--><context id="c2473"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ReserveForDevelopmentExpenditureMember</xbrldi:explicitMember></scenario></context><!--Reserve for udviklingsomkostninger aktuel i aaret--><context id="c2474"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><startDate>2018-01-01</startDate><endDate>2018-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ReserveForDevelopmentExpenditureMember</xbrldi:explicitMember></scenario></context><!--Reserve for udviklingsomkostninger aktuel ultimo--><context id="c2475"><entity><identifier scheme="http://www.dcca.dk/cvr">35249389</identifier></entity><period><instant>2018-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ReserveForDevelopmentExpenditureMember</xbrldi:explicitMember></scenario></context><!--DKK enere--><unit id="u0"><measure>iso4217:DKK</measure></unit><!--Antal--><unit id="u2"><measure>xbrli:pure</measure></unit><!--Aktier--><unit id="u3"><measure>xbrli:shares</measure></unit></xbrl>