FarrowTech ApS

Kastebjergvej 18

2750 Ballerup


1. juli 2016 - 30. juni 2017

Årsrapporten er fremlagt og godkendt på selskabets ordinære generalforsamling den
Jakob Skårhøj


VirksomhedenFarrowTech ApS
Kastebjergvej 18
2750 Ballerup
Regnskabsår:01/07/2016 - 30/06/2017
Prinsensgade 15
9000 Aalborg
DK Danmark


The Management has today discussed and approved the annual report for the annual report for the financial year 1 July 2016 – 30 June 2017of FarrrowTech ApS. The annual report has been presented in accordance with the Danish Financial Statements Act.


It is our opinion that the financial statements give a true and fair view of the Company's financial position at 30 June 2017 and of the results of the Company's operations for the financial year 1 July 2016 – 30 June 2017.


We recommend that the annual report be approved at the annual general meeting.


Ballerup, the 15/08/2017


Executive board

Jakob Boss Skårhøj


, den

Jakob Boss Skårhøj
Morten Bo Lindholm Mikkelsen


Main activity

FarrowTech is a company developing an automatic supervision system for farrowing sows. The system

recognizes the beginning of the farrowing process and counts the number of born piglets, but also

records the time interval between subsequent piglet births and transmits a warning message to amobile device if there is risk of birth complications. The farmer is provided with an overview of the status of all the farrowing sows, and he can thus decide whether his interaction is required.


Development in the year

FarrowTEch was founded 2015. This year the company has focused on developing the prototype. Colaboration with Alexandra Instituttet developing the computer vision algorithem lounced. Internal patent application (IPC) submitteded.


FarrowTech has recived funding from a number of founds an innovation contests.


Expectation for the coming year

FarrowTech expects to finalise the prototype, have it tested and hopefully sell the first devises. Final product maturation will be initiated with help from external recourses.


The company also initiated dialogue with various potential investors to find a strategy to scale and grow.


Subsequent events

There have been no significant subsequent events at the time of submitting the annual report.

Anvendt regnskabspraksis

Årsrapporten er aflagt i overensstemmelse med årsregnskabslovens bestemmelser for Regnskabsklasse B.

Income statement



Income from the sale of services is recognised in the income statement provided that delivery and transfer of risk to the buyer have taken place, the income may be reliably measured and is expected to be received.


Revenue is measured at fair value of the agreed remuneration excluding VAT and taxes charged on behalf of third parties. All forms of discounts granted are deducted from revenue.


Staff costs

Staff costs comprise salaries and wages, including holiday allowance, pension and other social security costs, etc. to the Company's employees excluding refunds from public authorities.


Other operating costs

Other operating costs comprise items secondary to the Company's activities, including loss on the sale of intangible assets and property, plant and equipment.


Financial income and expenses

Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Financial items comprise interest income and interest expense.

Dividends from investments in subsidiaries are recognised in the income statement in the year when the dividends are declared.


Tax on profit/loss for the year

The Company is comprised by the Danish rules on compulsory joint taxation of the Group's Danish companies. The Company serves as the administrative company for the joint taxation and consequently settles all payments of corporation tax with the tax authorities. Current Danish corporation tax is allocated by the settlement of joint taxation contributions between the jointly taxed enterprises in proportion to their taxable income. In relation thereto, enterprises with tax losses receive joint taxation contributions from enterprises which have been able to use this loss to reduce their tax loss.


Tax for the year comprises current tax and changes in deferred tax, including changes in tax rates. The tax expense relating to the profit/loss for the year is recognised in the income statement at the amount attributable to the profit/loss for the year and directly in equity at the amount attributable to entries directly in equity.


Balance sheet



IT equipment,    fixtures and fittings are measured at cost less accumulated depreciation and impairment losses.      Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use.


Where individual components of an item of property, plant and equipment have different useful lives, they are accounted for as separate items, which are depreciated separately.


The basis of depreciation, which is calculated as cost less any residual values after the end of the useful life, is depreciated on a straight-line basis over the estimated useful life. .



Receivables are measured at amortised cost, which corresponds to nominal value. The value is reduced by write-down for bad debts.



Prepayments comprise costs incurred concerning subsequent financial years.





Proposed dividends are recognised as a liability at the date when they are adopted at the annual general meeting (declaration date). The expected dividend payment for the year is disclosed as a separate item under equity.


Corporation tax and deferred tax

Current tax payable and receivable is recognised on the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account. Deferred tax is measured using the balance sheet liability method on all temporary differences between the carrying amount and the tax value of assets and liabilities measured on the planned use of the asset or settlement of the liability.

Deferred tax assets, including the tax value of tax loss carryforwards, are recognised at the expected value of

their utilisation within the foreseeable future; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity. Deferred net assets are measured at net realisable value.

Deferred tax is measured in accordance with the tax rules and at the tax rates applicable in the respective countries at the balance sheet date when the deferred tax is expected to crystallise as current tax. The change in deferred tax as a result of changes in tax rates is recognised in the income statement and in equity.



Financial liabilities are recognised at cost at the date of borrowing, equivalent to proceeds received less transaction costs paid. Other liabilities are measured at net realisable value.

Resultatopgørelse 1. jul 2016 - 30. jun 2017

Note 2016/17 2015/16
kr. kr.
Nettoomsætning 0 0
Produktionsomkostninger 0 0
Bruttoresultat 0 0
Distributionsomkostninger 0 0
Administrationsomkostninger -39.176 -2.651
Andre driftsindtægter 409.200 159.200
Andre driftsomkostninger -406.304 142.278
Resultat af ordinær primær drift -36.280 14.271
Andre finansielle indtægter fra tilknyttede virksomheder 0 0
Andre finansielle indtægter 0 0
Øvrige finansielle omkostninger 0 0
Ordinært resultat før skat -36.280 14.271
Skat af årets resultat 0 -3.124
Årets resultat -36.280 11.147
Forslag til resultatdisponering
Foreslået udbytte indregnet under egenkapitalen -36.280 11.147
Reserve for nettoopskrivning efter indre værdis metode 0 0
Overført resultat 0 0
I alt -36.280 11.147

Balance 30. juni 2017


Note 2016/17 2015/16
kr. kr.
Goodwill 0 0
Immaterielle anlægsaktiver i alt 0 0
Grunde og bygninger 0 0
Produktionsanlæg og maskiner 0 0
Andre anlæg, driftsmateriel og inventar 0 0
Materielle anlægsaktiver i alt 0 0
Kapitalandele i tilknyttede virksomheder 0 0
Kapitalandele i associerede virksomheder 0 0
Andre værdipapirer og kapitalandele 0 0
Finansielle anlægsaktiver i alt 0 0
Anlægsaktiver i alt 0 0
Råvarer og hjælpematerialer 0 0
Fremstillede varer og handelsvarer 0 0
Varebeholdninger i alt 0 0
Tilgodehavender fra salg og tjenesteydelser 0 0
Igangværende arbejder for fremmed regning 0 0
Tilgodehavender hos tilknyttede virksomheder 0 0
Tilgodehavender hos associerede virksomheder 0 0
Tilgodehavende skat 36.342 10.863
Andre tilgodehavender 65.779 0
Tilgodehavender i alt 102.121 10.863
Andre værdipapirer og kapitalandele 0 0
Værdipapirer og kapitalandele i alt 0 0
Likvide beholdninger 934 50.284
Omsætningsaktiver i alt 103.055 61.147
Aktiver i alt 103.055 61.147

Balance 30. juni 2017


Note 2016/17 2015/16
kr. kr.
Registreret kapital mv. 50.000 50.000
Andre reserver 11.147
Overført resultat -36.280 11.147
Egenkapital i alt 24.867 61.147
Hensættelse til udskudt skat 0 0
Hensatte forpligtelser i alt 0 0
Gæld til realkreditinstitutter 0 0
Gæld til banker 0 0
Skyldig selskabsskat 0
Langfristede gældsforpligtelser i alt 0 0
Leverandører af varer og tjenesteydelser 46.437
Skyldig selskabsskat 3.124
Gæld til selskabsdeltagere og ledelse 28.627
Kortfristede gældsforpligtelser i alt 78.188
Gældsforpligtelser i alt 78.188 0
Passiver i alt 103.055 61.147


1. Oplysning om ejerskab


The company has registered the following owners with a share of more than 5% of the companies shares:


JB Skaarhoej Holding IVS, Kastebjergvej 18, 2750 Ballerup
MBLM Holding, Søparkvej 3, 8220 Brabrand

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