Aarhus Symposium - Annual Report 2018

ANNUAL REPORT

2018

LEADERS OF TODAY CONNECTING WITH LEADERS OF TOMORROW

NAME

WEBSITE

Aarhus Symposium

www.aarhus-symposium.org

ADDRESS

EMAIL

Aarhus Symposium Fuglesangs Allé 4, 8210, Aarhus V Denmark

mail@aarhus-symposium.org

CVR 33735782

AUDITING PERIOD

GRAPHIC DESIGN

January 1, 2018 - December 31, 2018

Sacha Rejnholt Ajzenman

EDITORS Jørgen Duvald Andersen Jonas Pilgaard Kaiser Kristian Højmark Jakobsen Per Winterberg Lucia Talia Schandorff

THE VISION OF AARHUS SYMPOSIUM As an organisation, we are defined by one purpose: TO CONNECT LEADERS OF TODAY WITH LEADERS OF TOMORROW. The core of Aarhus Symposium is thus to facilitate engaging discussions between influential decision-makers and the most ambitious students. Hereby, we seek to bridge the gap between professional experience and academic curiosity as we delve into the most pressing challenges that face our society and the world.

To create a visionary platform for students and leaders to interact, we rely on three key principles:

PASSION As a non-profit organisation, it is solely the passion of the organisers that drives Aarhus Symposium forward.

PERFECTION We strive for perfection in everything we do; from formulating the overarching theme to the subtle details of the setting.

PROGRESS Progress is at the very heart of our ambition to continuously enhance and expand our activities.

“

“

I very much enjoyed the lively discussions and vibrant atmosphere at Aarhus Symposium 2018. It was refreshing to interact with the ambitious, motivated, and talented future leaders in a relaxed and positive setting.

JAN VAN DE WINKEL PRESIDENT & CEO, GENMAB

Aarhus Symposium 2018

TABLE OF CONTENTS LETTER FROM THE CHAIRMAN OF THE BOARD 05 MANAGEMENT’S COMMENTARY 07 AARHUS SYMPOSIUM 2018 IN NUMBERS 09 TIMELINE

11

PROGRAMME FOR AARHUS SYMPOSIUM 13 PROGRAMME FOR AARHUS SYMPOSIUM FOCUS 14 THE ORGANISATION AND GOVERNANCE 17 PRESENTING THE FINANCIAL STATEMENTS 19 ACCOUNTING POLICIES

20

INCOME STATEMENT

21

BALANCE SHEET

22

EQUITY AND NOTES

23

BOARD OF DIRECTORS’ STATEMENT 24 INDEPENDENT AUDITOR’S REPORT 25 PRESENTING OUR PARTNERS 27 THE ORGANISING COMMITTEE OF 2018 29

LETTER FROM THE CHAIRMAN OF THE BOARD Throughout 2018, Aarhus Symposium delivered extraordinary opportunities for leaders of today to connect with leaders of tomorrow. The organisation provided notable activities both in Denmark and abroad, thus establishing itself as one of the most outstanding student organisations in Northern Europe. Therefore, it is a great honour for me to present these final words on a successful year of Aarhus Symposium.

The Organising Committee has once again raised the bar in attracting prominent leaders for their events; including Niels B. Christiansen, CEO of The LEGO Group, and Søren Skou, CEO of A.P. Moller - Maersk. This year, the theme of Aarhus Symposium was “Creating Connections”. On four intriguing tracks, the speakers shed light on how both organisations and individuals come together to create synergies in an ever more complex and interconnected world.

Through an impressive line-up and successful marketing campaign, this year’s Organising Committee managed to increase the participation in Aarhus Symposium Challenge with 35% from last year’s record-high level. Consequently, not only did all participating students claim their seat through the essay competition; the capacities for both Aarhus Symposium and Aarhus Symposium Focus were increased. Students of 22 different nationalities secured their seat through Aarhus Symposium Challenge. Clearly, this testifies to the Organising Committee’s impressive ability to create well-organised and inspiring events.

In 2018, the Organising Committee expanded the scope of its events to create the very first event in Copenhagen: “Get Your Message Across with Aarhus Symposium”. Collaborating with McKinsey & Company, the event presented students with techniques to communicate effectively. It thus served as a prelude for the students to write their essays, and it was most likely an influential factor in increasing the number of participating students from Copenhagen.

Aarhus Symposium Focus 2018 offered lively discussions on how automation impacts the future labour market. Under the theme “Making Automation Work”, the event pivoted on ground-breaking, new technologies such as artificial intelligence and the Internet of Things. To explore such complicated issues, the Organising Committee invited four competent speakers with diverse backgrounds in academia and business. Among these were Philipp Schröder, Professor at Aarhus University, and Dominik Bösl, Vice President of Consumer Driven Robotics and Senior Corporate Innovation Manager at KUKA. Now, the year of Aarhus Symposium 2018 comes to an end, and a new generation of organisers are ready to take up the challenge of carrying Aarhus Symposium to ever greater heights. We, the Board of Directors, are confident that the organisation will continue to progress and facilitate ever greater opportunities for the leaders of today to connect with leaders of tomorrow.

On behalf of the Board of Directors of Aarhus Symposium,

Michael Svarer, Chairman of the Board

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MANAGEMENT’S COMMENTARY

It is with great pride that we, the Steering Committee of Aarhus Symposium 2018, look back on the past financial year. Just as they have for the past seven years, the concepts of Aarhus Symposium proved both durable and relevant in the endeavour to connect leaders of today with leaders of tomorrow. From the many great results and memories of 2018, we have chosen a few to highlight:

CREATING CONNECTIONS This year’s theme, “Creating Connections”, focused on the very connections which are at the heart of Aarhus Symposium. Whether at the societal, organisational, or individual level, the greatest accomplishments are achieved when we reach out to benefit from the strengths and resources of others.

Under this theme, the Organising Committee invited a diverse group of speakers to share their insights with the leaders of tomorrow. All speakers gave compelling accounts of how connections can help us move forward, from Niels B. Christiansen’s emphasis on partnerships in leading The LEGO Group to Christian Erfurt’s experience with building Be My Eyes on the simple idea of connecting the visually impaired with sighted volunteers.

At Aarhus Symposium Focus 2018, students and a panel of four experts discussed how the Danish society can avoid that the same technologies we use to connect cause division as machines replace human labour.

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AARHUS SYMPOSIUM CHALLENGE 2018 This year’s Aarhus Symposium Challenge had the students address challenges put forward by Ulrik Juul Christensen, Co-Founder & Executive Chairman at Area9 Group; Afshan Khan, Regional Director, Europe & Central Asia at UNICEF; and Niels B. Christiansen, CEO at The LEGO Group.

A record number of essays, which greatly exceeded the number of available seats, were submitted through Aarhus Symposium Challenge 2018. Therefore, for the second year in a row, all seats at Aarhus Symposium and Aarhus Symposium Focus were given to students who shared their thoughts in an essay. Additionally, interest and participation once again rose among students from outside of Aarhus and even outside of Denmark.

DEVELOPING AARHUS SYMPOSIUM A main focus for this year’s Organising Committee was to boldly develop the concepts of Aarhus Symposium further in accordance with the organisation’s long-term strategy. This led to new initiatives such as hosting the first ever event outside of Aarhus, introducing the Partner Break to enhance interaction at Aarhus Symposium, launching an ambitious, new marketing strategy, and creating a digital goodie bag for the attending students.

Furthermore, personal development through workshops, personality profiles, and more was prioritized in order to strengthen Aarhus Symposium’s offers for the volunteer organisers who make Aarhus Symposium possible.

THANK YOU On a final note, we would like to thank all leaders of today and tomorrow who shared their ideas and insights at Aarhus Symposium 2018.

Additionally, we extend our sincerest gratitude to all our partners and foundations as well as to Aarhus University and Aarhus BSS for their invaluable contributions toward making Aarhus Symposium 2018 possible.

Last but definitely not least, we reserve a special thank you to the many volunteer organisers whose dedication was a constant source of inspiration throughout the year and ultimately resulted in another successful Aarhus Symposium.

FINANCIAL RESULTS Aarhus Symposium 2018 generated net profits of DKK 7,827. Since Aarhus Symposium is a non-profit organisation, we view this as a very satisfying result.

We recommend that these profits are transferred to equity as retained earnings to further consolidate the organisation’s financial situation, and we note that this can be done without raising equity to an inappropriately high level.

THE STEERING COMMITTEE OF AARHUS SYMPOSIUM 2018

Per Winterberg

Lucia Talia Scharndorff

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AARHUS SYMPOSIUM 2018 IN NUMBERS

22,660 steps taken by each organiser.

530 km in total on the day of Aarhus Symposium.

11

different study areas represented by organisers.

+106,000 internal messages on Slack.

50

helpers on the day of Aarhus Symposium.

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500 ~

22

nationalities represented among participants.

ducks built in LEGO.

86% satisfaction rate among participants.

+1,000 interactions with the Messenger Bot.

17

partners in the digital goodie bag.

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TIMELINE 2018 MARCH 9-10 WORKSHOP WITH MERCURI URVAL & TEAMBUILDING Our HR Partner, Mercuri Urval, facilitated a workshop for all organisers.

Based on a test of the Big Five personality traits, we discussed what makes good teamwork. The following day, we engaged in team-building activities as we explored teamwork and communication in exciting and challenging exercises.

MAY 8 THEME ANNOUNCEMENT We announced this year’s theme, “Creating Connections”. Prior to the announcement, the students were encouraged to guess this year’s theme and to quiz about Aarhus Symposium.

SEPTEMBER 10-23 APRIL 6-7 STRATEGY WEEKEND We visited our Knowledge Partner, McKinsey & Company. Among other things, they facilitated enriching workshops on effective communication and feedback, and we discussed the strategic direction of the organisation. The following day, we met with our Alumni Network to examine future challenges and opportunities for Aarhus Symposium.

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AARHUS SYMPOSIUM CHALLENGE 2018 On September 10, Aarhus Symposium Challenge 2018 was kicked off with a big event at Campus Fuglesangs Allé and at Samfundsfaglig Kantine. Here, students brainstormed on the three challenges and engaged with our Messenger Bot to get inspiration for their essays. In the following Challenge Tour, we promoted our activities in Lund, Copenhagen, and Odense.

NOVEMBER 2 AARHUS SYMPOSIUM 2018

SEPTEMBER 18 GET YOUR MESSAGE ACROSS WITH AARHUS SYMPOSIUM We launched our first event exclusively for students in Copenhagen in collaboration with McKinsey & Company.

More than 60 students participated in a workshop on effective communication, in which the practice cases were based on Aarhus Symposium Challenge.

FOCUS

OCTOBER 29 AARHUS SYMPOSIUM FOCUS 2018 Under the theme “Making Automation Work”, Aarhus Symposium Focus 2018 explored how new technologies such as intelligent robotics influence businesses and workers’ everyday lives. Here, the students were invited to join four leading experts in discussing the labour market that the students are soon to enter.

Aarhus Symposium was an exceptional day of inspiring talks on the theme “Creating Connections”. The students were not just invited to engage with the speakers but also with our partners in the extended partner break. All participants were supplied with delicious catering, and they were offered a digital goodie bag to use after the symposium.

NOVEMBER 24 EVALUATION DAY This day officially marked the end of Aarhus Symposium 2018. Here, all organisers met to discuss improvements for next year’s Aarhus Symposium, and the collective experiences were handed on to the organisers of Aarhus Symposium 2019.

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THE PROGRAMME OF

AARHUS SYMPOSIUM 2018 WELCOME TO AARHUS SYMPOSIUM

TRACK 1

TRACK 2

TRACK 3

TRACK 4

CONNECTING BUSINESSES

CONNECTING PEOPLE

CONNECTING EXPERIENCES

CONNECTING VISIONS

ULRIK JUUL CHRISTENSEN

JAKOB ASKOU BØSS

OPENING SESSION

SESSION 1 NIELS B. CHRISTIANSEN

BREAK

CEO, THE LEGO GROUP

CO-FOUNDER &

SENIOR VP, CORPORATE

EXECUTIVE CHAIRMAN,

STRATEGY & STAKEHOLDER

AREA9 GROUP

RELATIONS, ØRSTED

SESSION 2

PARTNER BREAK

RODIN GENOFF

CHRISTIAN ERFURT

AFSHAN KHAN

FOUNDER & MANAGING

CEO & CO-FOUNDER,

REGIONAL DIRECTOR,

DIRECTOR, RODIN GENOFF

BE MY EYES

EUROPE & CENTRAL ASIA, UNICEF

& ASSOCIATES

SESSION 3

BREAK

MICHAEL BRUUN

INGE BERNEKE

JAN VAN DE WINKEL

PARTNER & MANAGING

PARTNER,

PRESIDENT & CEO,

DIRECTOR, GOLDMAN

EGON ZEHNDER

GENMAB

SACHS

SESSION 4 THE AARHUS SYMPOSIUM AWARD

SØREN SKOU

LENE SKOLE

CEO, A.P.

CEO, THE LUNDBECK

LARS JANNICK JOHANSEN

MOLLER - MAERSK

FOUNDATION

FOUNDER & MANAGING PARTNER, THE SOCIAL CAPITAL FUND

THE MODERATORS NINA Z. MUNCH-PERRIN

VIBEKE DAELL BJERRUM

PERNILLE ENGGAARD

DIRECTOR OF

NEWS ANCHOR &

HOST & PROGRAMME PLANNER,

ANCHOR,

FOUNDER & CEO,

COMMUNICATIONS,

JOURNALIST, TV2 NEWS

´MILLIONÆRKLUBBEN´,

DR KONTANT

CONSTRUCTIVE INSTITUTE

FINANS DANMARK

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RADIO24SYV

JAKOB ILLEBORG

ULRIK HAAGERUP

THE PROGRAMME OF

AARHUS SYMPOSIUM FOCUS MAKING AUTOMATION WORK

WELCOME TO AARHUS SYMPOSIUM FOCUS

MAKING PEOPLE WORK DOMINIK BÖSL

DAVID BUDTZ PEDERSEN

VICE PRESIDENT, CONSUMER DRIVEN

HEAD OF RESEARCH,

ROBOTICS & SENIOR CORPORATE

HUMANOMICS RESEARCH CENTER

INNOVATION MANAGER, KUKA

MAKING BUSINESSES WORK LARS FRELLE-PETERSEN

PHILIPP SCHRÖDER

DIRECTOR OF DIGITISATION,

MEMBER OF THE DANISH

THE CONFEDERATION OF

GOVERNMENT’S DISRUPTION

DANISH INDUSTRI (DI)

COUNCIL

BREAK

MAKING AUTOMATION WORK DOMINIK BÖSL VICE PRESIDENT,

DAVID BUDTZ PEDERSEN

LARS FRELLE-PETERSEN

PHILIPP SCHRÖDER MEMBER OF THE DANISH

CONSUMER DRIVEN

HEAD OF RESEARCH,

DIRECTOR OF DIGITISATION,

ROBOTICS & SENIOR

HUMANOMICS RESEARCH

THE CONFEDERATION OF

GOVERNMENT’S

CORPORATE INNOVATION

CENTER

DANISH INDUSTRI (DI)

DISRUPTION COUNCIL

MANAGER, KUKA

THE MODERATOR ULRIK HAAGERUP FOUNDER & CEO, CONSTRUCTIVE INSTITUTE

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STUDENTS PARTICIPATING IN THE FIRST AARHUS SYMPOSIUM WORKSHOP IN COPENHAGEN: ”GET YOUR MESSAGE ACROSS WITH AARHUS SYMPOSIUM”.

THE ORGANISATION AND GOVERNANCE Aarhus Symposium is an extensive organisation consisting of many ambitious and dedicated people. Within the organisation, three layers of governance exist: the Board of Directors, the Steering Committee, and the Organising Committee, with an extensive Alumni Network supporting the entire organisation.

BOARD OF DIRECTORS

ALUMNI NETWORK

The Board of Directors is the highest authority of Aarhus Symposium, and it is established to promote the long-run continuity and stability of Aarhus Symposium. The Board consists of highly visionary and dedicated executives who provide the organisation with strategic experience at the highest level. The members of the Board of Directors are elected for a three-year period.

Aarhus Symposium has an extensive Alumni Network consisting of former organisers. The Alumni Network serves as a source of support on strategic matters for the Organising Committee of Aarhus Symposium. Connecting the visions and experiences of current organisers and the Alumni Network is essential for shaping a direction that will ensure the future development of Aarhus Symposium.

BOARD OF DIRECTORS

ALUMNI NETWORK

STEERING COMMITTEE

STEERING COMMITTEE

FIN AN GRO CE UP

P OU GR IT

RK E RO T I N UP G

BUSINE SS REL ATIO NS

SIT Y IVER UN ES IANC ALL

TI N SE OU GR A

LS

M

P RO G R A M M E

G RO U P

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A

G

ES

P

The Steering Committee is appointed for a one-year period by the Board of Directors. They are responsible for the overall planning and execution of Aarhus Symposium. This includes a wide range of tasks such as recruiting the Organising Committee for each year, communicating with external supporting organisations and stakeholders, facilitating intergroup collaboration, developing a strong and sustainable culture within the organisation, and reporting monthly to the Board of Directors.

ORGANISING COMMITTEE

IT GROUP

Each year’s Aarhus Symposium is made possible by the dedicated work of the Organising Committee. The Organising Committee is composed of 35-40 volunteer and highly motivated students from different study areas and semesters. The Organising Committee is divided into seven different functional groups with different areas of expertise and responsibilities. These groups are appointed and led by the Steering Committee for a one-year period.

The IT Group is responsible for the development and maintenance of all IT systems used by Aarhus Symposium. This includes managing the official website, developing the participant and essay management system, and providing technical support for the organisation.

Each group within the Organising Committee is also led by a Head of Group, whose main responsibilities are to plan and execute tasks on a group level and to ensure good communication both within and between groups.

The Finance Group manages all finances of the organisation. This includes drawing up the budget in close collaboration with each group within the organisation, handling all payments to and from the organisation, and producing the annual report.

Furthermore, several experienced organisers take on the role as Senior Organisers. The Senior Organisers’ main responsibility is to develop the professional and personal competencies of their fellow organisers.

ESSENTIALS GROUP

PROGRAMME GROUP The Programme Group is responsible for the development of the inspirational programme of Aarhus Symposium Focus and Aarhus Symposium. Furthermore, the Programme Group is responsible for all communications with speakers and moderators and for creating the topics of Aarhus Symposium Challenge in collaboration with the participating speakers.

FINANCE GROUP

The Essentials Group plans the execution of all events facilitated by Aarhus Symposium. This includes ensuring great product partnerships and delicious catering for the participants as well as creating ideal physical setups for leaders of today and tomorrow to connect.

MARKETING GROUP The Marketing Group is responsible for building and promoting the Aarhus Symposium brand by developing marketing strategies which leverage online communication channels and on-campus happenings.

BUSINESS RELATIONS GROUP The Business Relations Group is responsible for obtaining the funding of Aarhus Symposium through corporate partnerships and funds. Furthermore, they are responsible for organising partner events in cooperation with the partners of Aarhus Symposium to engage and inspire students.

UNIVERSITY ALLIANCES GROUP The University Alliances Group is responsible for creating awareness of and interest in Aarhus Symposium outside Aarhus. This is done by creating events and sustaining partnerships with other student organisations as well as engaging with ambitious students from Danish and foreign universities.

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PRESENTING

THE FINANCIAL STATEMENTS

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ACCOUNTING POLICIES The annual report is presented in accordance with Danish generally accepted accounting principles. The financial statements have been presented applying the accounting policies consistently with last year.

RECOGNITION AND MEASUREMENT Assets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Organisation, and the value of the asset can be measured reliably.

Liabilities are recognised in the balance sheet when the Organisation has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Organisation, and the value of the liability can be measured reliably.

On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item.

Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement.

Income is recognised in the income statement when earned, whereas costs are recognized by the amounts attributable to this financial year.

INCOME STATEMENT Revenue Revenue consists of partnerships sold. Revenue is recognised in the income statement when delivery is made and risk associated with the consideration selected has passed to the buyer.

Revenue is recognised net of VAT, duties, and sales discounts.

Other Income Other income comprises Foundation grants. Gifts are recognised when granted.

Other External Expenses Other external expenses comprise expenses for distribution, sale, marketing, administration, premises etc.

Financial Income and Expenses Financial income and expenses comprise interest income and expenses. These are recognised when accrued.

BALANCE SHEET Receivables Receivables are measured at amortised cost usually equalling nominal value less provisions for bad debts.

Payables Payables are measured at amortised cost usually equalling nominal value.

Deferred Income Deferred income comprises received income for recognition in subsequent financial years. Deferred income is measured at cost.

Prepayments Prepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.

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INCOME STATEMENT

2018 DKK

2017 DKK

603,190 300,000 -894,489 8,701

635,182 145,000 -776,697 3,485

Other financial income Profit for the year

-874 7,827

-1,750 1,735

Proposed distribution of profit Retained earnings Profit available for distribution

7,827 7,827

1,735 1,735

Notes Revenue Other income Other external expenses Operating profit

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1

BALANCE SHEET

2018 DKK

2017 DKK

35,740 44,944 1,371 82,055

1,500 10,586

Cash

254,980

337,397

Current assets

337,035

349,483

Assets

337,035

349,483

Retained earning Equity

306,956 306,956

299,129 299,129

Deferred income Trade payables Short-term liabilities other than provisions

30,079 30,079

25,000 25,354 50,354

Liabilities other than provisions

30,079

50,354

337,035

349,483

Accounts receivable Other receivables Prepayments Receivables

Equity and liabilities

12,086

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EQUITY AND NOTES

EQUITY

Retained earnings DKK

Equity at January 1, 2018 Profit/loss for the year Equity at December 31, 2018

299,129 7,827 306,956

ACCOUNTING NOTES 2018 DKK

2017 DKK

765,499 54,011 74,979

665,716 52,074 58,907

894,489

776,679

1. Other external expenses Other expenses Partner expenses* Barter deals**

*Partner expenses are disbursements for partners. **Barter deals are goods/services delivered by partners in exchange for services provided by Aarhus Symposium.

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BOARD OF DIRECTORS’ STATEMENT

The Board of Directors have today considered and approved the annual report for the financial year January 1 through December 31, 2018.

The annual report is presented in accordance with Danish generally accepted accounting principles. In our opinion, the financial statements give a true and fair view of the financial position on December 31, 2018 and of the financial performance for the financial year January 1 to December 31, 2018.

In our opinion, the management review (on pages 7-8) contains a true and fair view of the affairs and conditions referred to herein.

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

Aarhus, March 11, 2019

MICHAEL SVARER

KASPER VINTHER OLESEN

JENS BJERG SØRENSEN

JENS RIIS ANDERSEN

KRISTINA RISOM JESPERSEN

NICK MELGAARD

PETER ENGBERG JENSEN

MICHAEL JENSEN

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INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF AARHUS SYMPOSIUM OPINION We have audited the financial statements of Aarhus Symposium comprising the pages 19-23 for the financial year 01.01.2018 - 31.12.2018, which comprise the income statement, balance sheet and notes, including a summary of significant accounting policies.

The financial statements are prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2018 and of the results of its operations for the financial year 01.01.2018 - 31.12.2018 in accordance with the Danish Financial Statements Act.

BASIS FOR OPINION We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditor’s responsibilities for the audit of the financial statements section of this auditor’s report. We are independent of the Entity in accordance with the International Ethics Standards Board of Accountants’ 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.

MANAGEMENT’S RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS 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 Entity’s ability to con25

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tinue as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS 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 auditor’s 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 exits.

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 Entity’s 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 Management’s 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 Entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s 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 auditor’s report. However, future events or conditions may cause the Entity to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures in the notes, 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.

STATEMENT ON THE MANAGEMENT COMMENTARY Management is responsible for the management commentary.

Our opinion on the financial statements does not cover the management commentary, 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 the management commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

Moreover, it is our responsibility to consider whether the management commentary provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that the management commentary is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial State ments Act. We did not identify any material misstatement of the management commentary.

Aarhus, 11.03.2019

Statsautoriseret Revisionspartnerselskab Business Registration No 33 96 35 56

Mads Fauerskov State-Authorised Public Accountant mne35428

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THE PARTNERS OF

AARHUS SYMPOSIUM 2018 PREMIUM PARTNERS

TM

MHI VESTAS OFFSHORE WIND

SUPPORTING ORGANISATIONS

MARKETING PARTNER

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AARHUS SYMPOSIUM

KNOWLEDGE PARTNER

HR PARTNER

PRODUCT PARTNERS

FOUNDATIONS

SPONSOR

COLLABORATOR

LIVE STREAMING PARTNER

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THE ORGANISING COMMITTEE

OF AARHUS SYMPOSIUM 2018

29

STEERING COMMITTEE

IT

Lucia Talia Schandorff Per Winterberg

Jeppe Borg Kristensen, Head of Group Jens Pelegrino Hansen

FINANCE

UNIVERSITY ALLIANCES

Jørgen Duvald Andersen, Head of Group Jonas Pilgaard Kaiser, Senior Organiser Kristian Højmark Jakobsen

Helene Frehr Carstensen, Head of Group Frederikke Havgaard Jakobsen, Senior Organier Kasper Zysek

BUSINESS RELATIONS

PROGRAMME

Jonathan Steenmetz, Head of Group Mai Merrild, Senior Organiser Thomas Kring, Senior Organiser Lasse Dahlstrøm Jensen, Senior Organiser Casper Thiel

Morten Hvidbak Holst, Head of Group Anne Sofie Bjørn-Thygesen Emil Rønhoff Elholm Marie Funch Adamsen Anders Max Rasmussen Oliver Nielsen

MARKETING

ESSENTIALS

Anne Sofie Andersen, Head of Group Helene Sylvester Frederik Secher Christensen Emma Winterberg Frederik Ørskov Sacha Rejnholt Ajzenman Michala Prang Christensen Maja Fløjstrup Emil Dam Samuelsen, Support Crew

Sophie Bjørn, Head of Group Rebekka Hansen Jacob Overby Sara Johannsen Daniel Astrup Hansen Lotte Dam Anna Luisa Vammen, Support Crew Matthew Lodahl, Support Crew

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WWW.AARHUS-SYMPOSIUM.ORG