Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2016-12-31 | 63276564 | u5 |
| ifrs-full:Assets | 2015-12-31 | 44006432 | u5 |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/31925672/ZG9rdW1lbnRsYWdlcjovLzAzLzQzLzRmLzFiL2E0LzYwMjktNDRmYS05NTZhLWFmZDM5YjYzYTI5Ng.xml
Separator
The full data:
<?xml version="1.0" encoding="UTF-8"?><xbrl xmlns="http://www.xbrl.org/2003/instance" xmlns:b="http://xbrl.dcca.dk/entryBalanceSheetAccountByCurrentAndLongTermFormIncomeStatementByNature" xmlns:f="http://xbrl.dcca.dk/sob" 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/entryBalanceSheetAccountByCurrentAndLongTermFormIncomeStatementByNature http://archprod.service.eogs.dk/taxonomy/20161001/entryDanishGAAPBalanceSheetAccountByCurrentAndLongTermFormIncomeStatementByNatureIncludingManagementsReviewStatisticsAndTax20161001.xsd"><link:schemaRef xlink:type="simple" xlink:href="http://archprod.service.eogs.dk/taxonomy/20161001/entryDanishGAAPBalanceSheetAccountByCurrentAndLongTermFormIncomeStatementByNatureIncludingManagementsReviewStatisticsAndTax20161001.xsd"/><c:InformationOnTypeOfSubmittedReport contextRef="c1">Ã
rsrapport</c:InformationOnTypeOfSubmittedReport><c:IdentificationNumberCvrOfSubmittingEnterprise contextRef="c1">30700228</c:IdentificationNumberCvrOfSubmittingEnterprise><c:NameOfSubmittingEnterprise contextRef="c1">Ernst & Young Godkendt Revisionspartnerselskab</c:NameOfSubmittingEnterprise><c:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="c1">Osvald Helmuths Vej 4</c:AddressOfSubmittingEnterpriseStreetAndNumber><c:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="c1">Postboks 250, 2000 Frederiksberg</c:AddressOfSubmittingEnterprisePostcodeAndTown><c:ReportingPeriodStartDate contextRef="c1">2016-01-01</c:ReportingPeriodStartDate><c:ReportingPeriodEndDate contextRef="c1">2016-12-31</c:ReportingPeriodEndDate><c:PrecedingReportingPeriodStartDate contextRef="c1">2015-01-01</c:PrecedingReportingPeriodStartDate><c:PredingReportingPeriodEndDate contextRef="c1">2015-12-31</c:PredingReportingPeriodEndDate><c:DateOfApprovalOfReport contextRef="c1">2017-05-23</c:DateOfApprovalOfReport><c:IdentificationNumberCvrOfReportingEntity contextRef="c1">27652913</c:IdentificationNumberCvrOfReportingEntity><c:NameOfReportingEntity contextRef="c1">Better Collective A/S</c:NameOfReportingEntity><c:AddressOfReportingEntityStreetName contextRef="c1">Toldbodgade </c:AddressOfReportingEntityStreetName><c:AddressOfReportingEntityStreetBuildingIdentifier contextRef="c1">12, 2. bagh.</c:AddressOfReportingEntityStreetBuildingIdentifier><c:AddressOfReportingEntityPostCodeIdentifier contextRef="c1">1253</c:AddressOfReportingEntityPostCodeIdentifier><c:AddressOfReportingEntityDistrictName contextRef="c1">Copenhagen K, Denmark</c:AddressOfReportingEntityDistrictName><c:DateOfFoundationOfReportingEntity contextRef="c1">2004-03-19</c:DateOfFoundationOfReportingEntity><c:RegisteredOfficeOfReportingEntity contextRef="c1">Copenhagen</c:RegisteredOfficeOfReportingEntity><d:NameOfAuditFirm contextRef="c106">Ernst & Young Godkendt Revisionspartnerselskab</d:NameOfAuditFirm><d:IdentificationNumberCvrOfAuditFirm contextRef="c106">30700228</d:IdentificationNumberCvrOfAuditFirm><c:AddressOfAuditorStreetName contextRef="c106">Osvald Helmuths Vej </c:AddressOfAuditorStreetName><c:AddressOfAuditorStreetBuildingIdentifier contextRef="c106">4</c:AddressOfAuditorStreetBuildingIdentifier><c:AddressOfAuditorPostCodeIdentifier contextRef="c106">2000</c:AddressOfAuditorPostCodeIdentifier><c:AddressOfAuditorDistrictName contextRef="c106">Frederiksberg</c:AddressOfAuditorDistrictName><c:DateOfGeneralMeeting contextRef="c1">2017-05-23</c:DateOfGeneralMeeting><c:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="c1">Søren Jørgensen</c:NameAndSurnameOfChairmanOfGeneralMeeting><e:ClassOfReportingEntity contextRef="c1">Regnskabsklasse B</e:ClassOfReportingEntity><d:TypeOfAuditorAssistance contextRef="c1">Revisionspåtegning</d:TypeOfAuditorAssistance><e:SelectedElementsFromReportingClassC contextRef="c1">true</e:SelectedElementsFromReportingClassC><f:DateOfApprovalOfAnnualReport contextRef="c1">2017-05-23</f:DateOfApprovalOfAnnualReport><g:SignatureOfAuditorsDate contextRef="c1">2017-05-23</g:SignatureOfAuditorsDate><f:PlaceOfSignatureOfStatement contextRef="c1">Copenhagen, </f:PlaceOfSignatureOfStatement><d:NameAndSurnameOfMemberOfExecutiveBoard contextRef="c76">Christian Dam Kirk Rasmussen</d:NameAndSurnameOfMemberOfExecutiveBoard><d:TitleOfMemberOfExecutiveBoard contextRef="c76">VP & Co-founder</d:TitleOfMemberOfExecutiveBoard><d:NameAndSurnameOfMemberOfExecutiveBoard contextRef="c77">Jesper Søgaard</d:NameAndSurnameOfMemberOfExecutiveBoard><d:TitleOfMemberOfExecutiveBoard contextRef="c77">CEO & Co-founder</d:TitleOfMemberOfExecutiveBoard><d:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c33">Søren Jørgensen</d:NameAndSurnameOfMemberOfSupervisoryBoard><d:TitleOfMemberOfSupervisoryBoard contextRef="c33">Chairman</d:TitleOfMemberOfSupervisoryBoard><d:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c49">Jesper Søgaard</d:NameAndSurnameOfMemberOfSupervisoryBoard><d:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c50">Jens Bager</d:NameAndSurnameOfMemberOfSupervisoryBoard><d:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c51">Leif Nørgaard</d:NameAndSurnameOfMemberOfSupervisoryBoard><d:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c52">Henrik Victor Lykkesteen</d:NameAndSurnameOfMemberOfSupervisoryBoard><g:SignatureOfAuditorsPlace contextRef="c1">Copenhagen, </g:SignatureOfAuditorsPlace><d:NameAndSurnameOfAuditor contextRef="c106">Søren Christiansen</d:NameAndSurnameOfAuditor><d:DescriptionOfAuditor contextRef="c106">State Authorised Public Accountant</d:DescriptionOfAuditor><e:GrossProfitLoss contextRef="c1" unitRef="u5" decimals="0">95589304</e:GrossProfitLoss><e:GrossProfitLoss contextRef="c4" unitRef="u5" decimals="0">61774521</e:GrossProfitLoss><e:EmployeeBenefitsExpense contextRef="c1" unitRef="u5" decimals="0">41391294</e:EmployeeBenefitsExpense><e:EmployeeBenefitsExpense contextRef="c4" unitRef="u5" decimals="0">34396144</e:EmployeeBenefitsExpense><e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="c1" unitRef="u5" decimals="0">786273</e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss><e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="c4" unitRef="u5" decimals="0">596667</e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss><e:ProfitLossFromOrdinaryOperatingActivities contextRef="c1" unitRef="u5" decimals="0">53411737</e:ProfitLossFromOrdinaryOperatingActivities><e:ProfitLossFromOrdinaryOperatingActivities contextRef="c4" unitRef="u5" decimals="0">26781710</e:ProfitLossFromOrdinaryOperatingActivities><e:IncomeFromInvestmentsInGroupEnterprises contextRef="c1" unitRef="u5" decimals="0">223030</e:IncomeFromInvestmentsInGroupEnterprises><e:IncomeFromInvestmentsInGroupEnterprises contextRef="c4" unitRef="u5" decimals="0">609216</e:IncomeFromInvestmentsInGroupEnterprises><e:IncomeFromInvestmentsInAssociates contextRef="c1" unitRef="u5" decimals="0">-447980</e:IncomeFromInvestmentsInAssociates><e:IncomeFromInvestmentsInAssociates contextRef="c4" unitRef="u5" decimals="0">-759980</e:IncomeFromInvestmentsInAssociates><e:OtherFinanceIncome contextRef="c1" unitRef="u5" decimals="0">428782</e:OtherFinanceIncome><e:OtherFinanceIncome contextRef="c4" unitRef="u5" decimals="0">558953</e:OtherFinanceIncome><e:OtherFinanceExpenses contextRef="c1" unitRef="u5" decimals="0">812245</e:OtherFinanceExpenses><e:OtherFinanceExpenses contextRef="c4" unitRef="u5" decimals="0">1536743</e:OtherFinanceExpenses><e:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c1" unitRef="u5" decimals="0">52803324</e:ProfitLossFromOrdinaryActivitiesBeforeTax><e:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c4" unitRef="u5" decimals="0">25653156</e:ProfitLossFromOrdinaryActivitiesBeforeTax><e:TaxExpense contextRef="c1" unitRef="u5" decimals="0">11705083</e:TaxExpense><e:TaxExpense contextRef="c4" unitRef="u5" decimals="0">6059928</e:TaxExpense><e:ProfitLoss contextRef="c1" unitRef="u5" decimals="0">41098241</e:ProfitLoss><e:ProfitLoss contextRef="c4" unitRef="u5" decimals="0">19593228</e:ProfitLoss><e:ProfitLoss contextRef="c172" unitRef="u5" decimals="0">0</e:ProfitLoss><e:ProfitLoss contextRef="c173" unitRef="u5" decimals="0">12000000</e:ProfitLoss><e:ProfitLoss contextRef="c182" unitRef="u5" decimals="0">494266</e:ProfitLoss><e:ProfitLoss contextRef="c183" unitRef="u5" decimals="0">609216</e:ProfitLoss><e:ProfitLoss contextRef="c194" unitRef="u5" decimals="0">40603975</e:ProfitLoss><e:ProfitLoss contextRef="c195" unitRef="u5" decimals="0">6984012</e:ProfitLoss><e:CompletedDevelopmentProjects contextRef="c7" unitRef="u5" decimals="0">1389888</e:CompletedDevelopmentProjects><e:CompletedDevelopmentProjects contextRef="c5" unitRef="u5" decimals="0">1137798</e:CompletedDevelopmentProjects><e:IntangibleAssets contextRef="c7" unitRef="u5" decimals="0">1389888</e:IntangibleAssets><e:IntangibleAssets contextRef="c5" unitRef="u5" decimals="0">1137798</e:IntangibleAssets><e:LandAndBuildings contextRef="c7" unitRef="u5" decimals="0">5755540</e:LandAndBuildings><e:LandAndBuildings contextRef="c5" unitRef="u5" decimals="0">0</e:LandAndBuildings><e:FixturesFittingsToolsAndEquipment contextRef="c7" unitRef="u5" decimals="0">243918</e:FixturesFittingsToolsAndEquipment><e:FixturesFittingsToolsAndEquipment contextRef="c5" unitRef="u5" decimals="0">319096</e:FixturesFittingsToolsAndEquipment><e:PropertyPlantAndEquipment contextRef="c7" unitRef="u5" decimals="0">5999458</e:PropertyPlantAndEquipment><e:PropertyPlantAndEquipment contextRef="c5" unitRef="u5" decimals="0">319096</e:PropertyPlantAndEquipment><e:LongtermInvestmentsInGroupEnterprises contextRef="c7" unitRef="u5" decimals="0">860462</e:LongtermInvestmentsInGroupEnterprises><e:LongtermInvestmentsInGroupEnterprises contextRef="c5" unitRef="u5" decimals="0">340696</e:LongtermInvestmentsInGroupEnterprises><e:LongtermInvestmentsInAssociates contextRef="c7" unitRef="u5" decimals="0">0</e:LongtermInvestmentsInAssociates><e:LongtermInvestmentsInAssociates contextRef="c5" unitRef="u5" decimals="0">0</e:LongtermInvestmentsInAssociates><e:LongtermReceivablesFromAssociates contextRef="c7" unitRef="u5" decimals="0">2412781</e:LongtermReceivablesFromAssociates><e:LongtermReceivablesFromAssociates contextRef="c5" unitRef="u5" decimals="0">1703800</e:LongtermReceivablesFromAssociates><e:DepositsLongtermInvestmentsAndReceivables contextRef="c7" unitRef="u5" decimals="0">724238</e:DepositsLongtermInvestmentsAndReceivables><e:DepositsLongtermInvestmentsAndReceivables contextRef="c5" unitRef="u5" decimals="0">723396</e:DepositsLongtermInvestmentsAndReceivables><e:NoncurrentDeferredTaxAssets contextRef="c7" unitRef="u5" decimals="0">197498</e:NoncurrentDeferredTaxAssets><e:NoncurrentDeferredTaxAssets contextRef="c5" unitRef="u5" decimals="0">181779</e:NoncurrentDeferredTaxAssets><e:LongtermInvestmentsAndReceivables contextRef="c7" unitRef="u5" decimals="0">4194979</e:LongtermInvestmentsAndReceivables><e:LongtermInvestmentsAndReceivables contextRef="c5" unitRef="u5" decimals="0">2949671</e:LongtermInvestmentsAndReceivables><e:NoncurrentAssets contextRef="c7" unitRef="u5" decimals="0">11584325</e:NoncurrentAssets><e:NoncurrentAssets contextRef="c5" unitRef="u5" decimals="0">4406565</e:NoncurrentAssets><e:ShorttermTradeReceivables contextRef="c7" unitRef="u5" decimals="0">7730638</e:ShorttermTradeReceivables><e:ShorttermTradeReceivables contextRef="c5" unitRef="u5" decimals="0">8328772</e:ShorttermTradeReceivables><e:ShorttermReceivablesFromGroupEnterprises contextRef="c7" unitRef="u5" decimals="0">809925</e:ShorttermReceivablesFromGroupEnterprises><e:ShorttermReceivablesFromGroupEnterprises contextRef="c5" unitRef="u5" decimals="0">1044979</e:ShorttermReceivablesFromGroupEnterprises><e:ShorttermReceivablesFromAssociates contextRef="c7" unitRef="u5" decimals="0">0</e:ShorttermReceivablesFromAssociates><e:ShorttermReceivablesFromAssociates contextRef="c5" unitRef="u5" decimals="0">4586790</e:ShorttermReceivablesFromAssociates><e:ShorttermTaxReceivables contextRef="c7" unitRef="u5" decimals="0">3232413</e:ShorttermTaxReceivables><e:ShorttermTaxReceivables contextRef="c5" unitRef="u5" decimals="0">144603</e:ShorttermTaxReceivables><e:OtherShorttermReceivables contextRef="c7" unitRef="u5" decimals="0">17075</e:OtherShorttermReceivables><e:OtherShorttermReceivables contextRef="c5" unitRef="u5" decimals="0">801748</e:OtherShorttermReceivables><e:DeferredIncomeAssets contextRef="c7" unitRef="u5" decimals="0">300217</e:DeferredIncomeAssets><e:DeferredIncomeAssets contextRef="c5" unitRef="u5" decimals="0">13352</e:DeferredIncomeAssets><e:ShorttermReceivables contextRef="c7" unitRef="u5" decimals="0">12090268</e:ShorttermReceivables><e:ShorttermReceivables contextRef="c5" unitRef="u5" decimals="0">14920244</e:ShorttermReceivables><e:OtherShorttermInvestments contextRef="c7" unitRef="u5" decimals="0">61560</e:OtherShorttermInvestments><e:OtherShorttermInvestments contextRef="c5" unitRef="u5" decimals="0">6874231</e:OtherShorttermInvestments><e:ShorttermInvestments contextRef="c7" unitRef="u5" decimals="0">61560</e:ShorttermInvestments><e:ShorttermInvestments contextRef="c5" unitRef="u5" decimals="0">6874231</e:ShorttermInvestments><e:CashAndCashEquivalents contextRef="c7" unitRef="u5" decimals="0">39540411</e:CashAndCashEquivalents><e:CashAndCashEquivalents contextRef="c5" unitRef="u5" decimals="0">17805392</e:CashAndCashEquivalents><e:CurrentAssets contextRef="c7" unitRef="u5" decimals="0">51692239</e:CurrentAssets><e:CurrentAssets contextRef="c5" unitRef="u5" decimals="0">39599867</e:CurrentAssets><e:Assets contextRef="c7" unitRef="u5" decimals="0">63276564</e:Assets><e:Assets contextRef="c5" unitRef="u5" decimals="0">44006432</e:Assets><e:ContributedCapital contextRef="c7" unitRef="u5" decimals="0">508564</e:ContributedCapital><e:ContributedCapital contextRef="c5" unitRef="u5" decimals="0">506334</e:ContributedCapital><e:ReserveForNetRevaluationAccordingToEquityMethod contextRef="c7" unitRef="u5" decimals="0">754962</e:ReserveForNetRevaluationAccordingToEquityMethod><e:ReserveForNetRevaluationAccordingToEquityMethod contextRef="c5" unitRef="u5" decimals="0">260696</e:ReserveForNetRevaluationAccordingToEquityMethod><e:RetainedEarnings contextRef="c7" unitRef="u5" decimals="0">46400468</e:RetainedEarnings><e:RetainedEarnings contextRef="c5" unitRef="u5" decimals="0">22500035</e:RetainedEarnings><e:ProposedDividendRecognisedInEquity contextRef="c7" unitRef="u5" decimals="0">0</e:ProposedDividendRecognisedInEquity><e:ProposedDividendRecognisedInEquity contextRef="c5" unitRef="u5" decimals="0">12000000</e:ProposedDividendRecognisedInEquity><e:Equity contextRef="c7" unitRef="u5" decimals="0">47663994</e:Equity><e:Equity contextRef="c5" unitRef="u5" decimals="0">35267065</e:Equity><e:ShorttermPrepaymentsReceivedFromCustomers contextRef="c7" unitRef="u5" decimals="0">6607739</e:ShorttermPrepaymentsReceivedFromCustomers><e:ShorttermPrepaymentsReceivedFromCustomers contextRef="c5" unitRef="u5" decimals="0">2657425</e:ShorttermPrepaymentsReceivedFromCustomers><e:ShorttermTradePayables contextRef="c7" unitRef="u5" decimals="0">1798564</e:ShorttermTradePayables><e:ShorttermTradePayables contextRef="c5" unitRef="u5" decimals="0">579740</e:ShorttermTradePayables><e:OtherShorttermPayables contextRef="c7" unitRef="u5" decimals="0">7206267</e:OtherShorttermPayables><e:OtherShorttermPayables contextRef="c5" unitRef="u5" decimals="0">5502202</e:OtherShorttermPayables><e:ShorttermLiabilitiesOtherThanProvisions contextRef="c7" unitRef="u5" decimals="0">15612570</e:ShorttermLiabilitiesOtherThanProvisions><e:ShorttermLiabilitiesOtherThanProvisions contextRef="c5" unitRef="u5" decimals="0">8739367</e:ShorttermLiabilitiesOtherThanProvisions><e:LiabilitiesAndEquity contextRef="c7" unitRef="u5" decimals="0">63276564</e:LiabilitiesAndEquity><e:LiabilitiesAndEquity contextRef="c5" unitRef="u5" decimals="0">44006432</e:LiabilitiesAndEquity><e:Equity contextRef="c309" unitRef="u5" decimals="0">500000</e:Equity><e:Equity contextRef="c342" unitRef="u5" decimals="0">-348520</e:Equity><e:Equity contextRef="c354" unitRef="u5" decimals="0">14255557</e:Equity><e:Equity contextRef="c360" unitRef="u5" decimals="0">9000000</e:Equity><e:IncreaseOfCapital contextRef="c310" unitRef="u5" decimals="0">6334</e:IncreaseOfCapital><e:IncreaseOfCapital contextRef="c355" unitRef="u5" decimals="0">1260466</e:IncreaseOfCapital><e:ProfitLoss contextRef="c343" unitRef="u5" decimals="0">609216</e:ProfitLoss><e:ProfitLoss contextRef="c355" unitRef="u5" decimals="0">6984012</e:ProfitLoss><e:Dividend contextRef="c361" unitRef="u5" decimals="0">12000000</e:Dividend><e:DividendPaid contextRef="c355" unitRef="u5" decimals="0">0</e:DividendPaid><e:DividendPaid contextRef="c361" unitRef="u5" decimals="0">9000000</e:DividendPaid><e:Equity contextRef="c312" unitRef="u5" decimals="0">506334</e:Equity><e:Equity contextRef="c339" unitRef="u5" decimals="0">260696</e:Equity><e:Equity contextRef="c351" unitRef="u5" decimals="0">22500035</e:Equity><e:Equity contextRef="c357" unitRef="u5" decimals="0">12000000</e:Equity><e:IncreaseOfCapital contextRef="c313" unitRef="u5" decimals="0">2230</e:IncreaseOfCapital><e:IncreaseOfCapital contextRef="c352" unitRef="u5" decimals="0">596748</e:IncreaseOfCapital><e:ProfitLoss contextRef="c340" unitRef="u5" decimals="0">494266</e:ProfitLoss><e:ProfitLoss contextRef="c352" unitRef="u5" decimals="0">40603975</e:ProfitLoss><e:Dividend contextRef="c358" unitRef="u5" decimals="0">0</e:Dividend><e:PurchaseOfTreasuryShares contextRef="c352" unitRef="u5" decimals="0">2300290</e:PurchaseOfTreasuryShares><e:DividendPaid contextRef="c352" unitRef="u5" decimals="0">15000000</e:DividendPaid><e:DividendPaid contextRef="c358" unitRef="u5" decimals="0">12000000</e:DividendPaid><e:Equity contextRef="c314" unitRef="u5" decimals="0">508564</e:Equity><e:Equity contextRef="c341" unitRef="u5" decimals="0">754962</e:Equity><e:Equity contextRef="c353" unitRef="u5" decimals="0">46400468</e:Equity><e:Equity contextRef="c359" unitRef="u5" decimals="0">0</e:Equity><e:WagesAndSalaries contextRef="c1" unitRef="u5" decimals="0">33642122</e:WagesAndSalaries><e:WagesAndSalaries contextRef="c4" unitRef="u5" decimals="0">28478554</e:WagesAndSalaries><e:PostemploymentBenefitExpense contextRef="c1" unitRef="u5" decimals="0">4670386</e:PostemploymentBenefitExpense><e:PostemploymentBenefitExpense contextRef="c4" unitRef="u5" decimals="0">3710868</e:PostemploymentBenefitExpense><e:SocialSecurityContributions contextRef="c1" unitRef="u5" decimals="0">607068</e:SocialSecurityContributions><e:SocialSecurityContributions contextRef="c4" unitRef="u5" decimals="0">409570</e:SocialSecurityContributions><e:OtherEmployeeExpense contextRef="c1" unitRef="u5" decimals="0">2471718</e:OtherEmployeeExpense><e:OtherEmployeeExpense contextRef="c4" unitRef="u5" decimals="0">1797152</e:OtherEmployeeExpense><e:EmployeeBenefitsExpense contextRef="c1" unitRef="u5" decimals="0">41391294</e:EmployeeBenefitsExpense><e:EmployeeBenefitsExpense contextRef="c4" unitRef="u5" decimals="0">34396144</e:EmployeeBenefitsExpense><e:AverageNumberOfEmployees contextRef="c1" unitRef="u5" decimals="0">73</e:AverageNumberOfEmployees><e:AverageNumberOfEmployees contextRef="c4" unitRef="u5" decimals="0">60</e:AverageNumberOfEmployees><e:AmortisationOfIntangibleAssets contextRef="c1" unitRef="u5" decimals="0">591634</e:AmortisationOfIntangibleAssets><e:AmortisationOfIntangibleAssets contextRef="c4" unitRef="u5" decimals="0">529185</e:AmortisationOfIntangibleAssets><e:DepreciationOfPropertyPlantAndEquipment contextRef="c1" unitRef="u5" decimals="0">194639</e:DepreciationOfPropertyPlantAndEquipment><e:DepreciationOfPropertyPlantAndEquipment contextRef="c4" unitRef="u5" decimals="0">67482</e:DepreciationOfPropertyPlantAndEquipment><e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="c1" unitRef="u5" decimals="0">786273</e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss><e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="c4" unitRef="u5" decimals="0">596667</e:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss><e:InterestIncomeFromGroupEnterprises contextRef="c1" unitRef="u5" decimals="0">234694</e:InterestIncomeFromGroupEnterprises><e:InterestIncomeFromGroupEnterprises contextRef="c4" unitRef="u5" decimals="0">110270</e:InterestIncomeFromGroupEnterprises><e:OtherAdjustmentsOfFinanceIncome contextRef="c1" unitRef="u5" decimals="0">194088</e:OtherAdjustmentsOfFinanceIncome><e:OtherAdjustmentsOfFinanceIncome contextRef="c4" unitRef="u5" decimals="0">448683</e:OtherAdjustmentsOfFinanceIncome><e:OtherFinanceIncome contextRef="c1" unitRef="u5" decimals="0">428782</e:OtherFinanceIncome><e:OtherFinanceIncome contextRef="c4" unitRef="u5" decimals="0">558953</e:OtherFinanceIncome><e:ExchangeRateLoss contextRef="c1" unitRef="u5" decimals="0">746679</e:ExchangeRateLoss><e:ExchangeRateLoss contextRef="c4" unitRef="u5" decimals="0">128986</e:ExchangeRateLoss><e:DebtReliefOrSimilarFinanceExpenses contextRef="c1" unitRef="u5" decimals="0">0</e:DebtReliefOrSimilarFinanceExpenses><e:DebtReliefOrSimilarFinanceExpenses contextRef="c4" unitRef="u5" decimals="0">1329252</e:DebtReliefOrSimilarFinanceExpenses><e:OtherAdjustmentsOfFinanceExpenses contextRef="c1" unitRef="u5" decimals="0">65566</e:OtherAdjustmentsOfFinanceExpenses><e:OtherAdjustmentsOfFinanceExpenses contextRef="c4" unitRef="u5" decimals="0">78505</e:OtherAdjustmentsOfFinanceExpenses><e:OtherFinanceExpenses contextRef="c1" unitRef="u5" decimals="0">812245</e:OtherFinanceExpenses><e:OtherFinanceExpenses contextRef="c4" unitRef="u5" decimals="0">1536743</e:OtherFinanceExpenses><e:CurrentTaxExpense contextRef="c1" unitRef="u5" decimals="0">11720802</e:CurrentTaxExpense><e:CurrentTaxExpense contextRef="c4" unitRef="u5" decimals="0">5983698</e:CurrentTaxExpense><e:AdjustmentsForDeferredTax contextRef="c1" unitRef="u5" decimals="0">-15719</e:AdjustmentsForDeferredTax><e:AdjustmentsForDeferredTax contextRef="c4" unitRef="u5" decimals="0">76230</e:AdjustmentsForDeferredTax><e:TaxExpenseOnOrdinaryActivities contextRef="c1" unitRef="u5" decimals="0">11705083</e:TaxExpenseOnOrdinaryActivities><e:TaxExpenseOnOrdinaryActivities contextRef="c4" unitRef="u5" decimals="0">6059928</e:TaxExpenseOnOrdinaryActivities><e:IntangibleAssetsGross contextRef="c112" unitRef="u5" decimals="0">5654347</e:IntangibleAssetsGross><e:AdditionsToIntangibleAssets contextRef="c153" unitRef="u5" decimals="0">843724</e:AdditionsToIntangibleAssets><e:IntangibleAssetsGross contextRef="c154" unitRef="u5" decimals="0">6498071</e:IntangibleAssetsGross><e:AccumulatedImpairmentLossesAndAmortisationOfIntangibleAssets contextRef="c112" unitRef="u5" decimals="0">4516549</e:AccumulatedImpairmentLossesAndAmortisationOfIntangibleAssets><e:AmortisationOfIntangibleAssets contextRef="c153" unitRef="u5" decimals="0">591634</e:AmortisationOfIntangibleAssets><e:AccumulatedImpairmentLossesAndAmortisationOfIntangibleAssets contextRef="c154" unitRef="u5" decimals="0">5108183</e:AccumulatedImpairmentLossesAndAmortisationOfIntangibleAssets><e:IntangibleAssets contextRef="c154" unitRef="u5" decimals="0">1389888</e:IntangibleAssets><e:PropertyPlantAndEquipmentGross contextRef="c217" unitRef="u5" decimals="0">0</e:PropertyPlantAndEquipmentGross><e:PropertyPlantAndEquipmentGross contextRef="c235" unitRef="u5" decimals="0">1021160</e:PropertyPlantAndEquipmentGross><e:AdditionsToPropertyPlantAndEquipment contextRef="c222" unitRef="u5" decimals="0">5875000</e:AdditionsToPropertyPlantAndEquipment><e:AdditionsToPropertyPlantAndEquipment contextRef="c236" unitRef="u5" decimals="0">0</e:AdditionsToPropertyPlantAndEquipment><e:PropertyPlantAndEquipmentGross contextRef="c223" unitRef="u5" decimals="0">5875000</e:PropertyPlantAndEquipmentGross><e:PropertyPlantAndEquipmentGross contextRef="c237" unitRef="u5" decimals="0">1021160</e:PropertyPlantAndEquipmentGross><e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="c217" unitRef="u5" decimals="0">0</e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment><e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="c235" unitRef="u5" decimals="0">702064</e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment><e:DepreciationOfPropertyPlantAndEquipment contextRef="c222" unitRef="u5" decimals="0">119460</e:DepreciationOfPropertyPlantAndEquipment><e:DepreciationOfPropertyPlantAndEquipment contextRef="c236" unitRef="u5" decimals="0">75178</e:DepreciationOfPropertyPlantAndEquipment><e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="c223" unitRef="u5" decimals="0">119460</e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment><e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="c237" unitRef="u5" decimals="0">777242</e:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment><e:PropertyPlantAndEquipment contextRef="c223" unitRef="u5" decimals="0">5755540</e:PropertyPlantAndEquipment><e:PropertyPlantAndEquipment contextRef="c237" unitRef="u5" decimals="0">243918</e:PropertyPlantAndEquipment><e:InvestmentsGross contextRef="c261" unitRef="u5" decimals="0">80000</e:InvestmentsGross><e:InvestmentsGross contextRef="c421" unitRef="u5" decimals="0">20505</e:InvestmentsGross><e:InvestmentsGross contextRef="c205" unitRef="u5" decimals="0">2443275</e:InvestmentsGross><e:InvestmentsGross contextRef="c1991" unitRef="u5" decimals="0">723396</e:InvestmentsGross><e:AdditionsToInvestments contextRef="c263" unitRef="u5" decimals="0">25500</e:AdditionsToInvestments><e:AdditionsToInvestments contextRef="c422" unitRef="u5" decimals="0">523610</e:AdditionsToInvestments><e:AdditionsToInvestments contextRef="c206" unitRef="u5" decimals="0">633351</e:AdditionsToInvestments><e:AdditionsToInvestments contextRef="c1992" unitRef="u5" decimals="0">842</e:AdditionsToInvestments><e:InvestmentsGross contextRef="c265" unitRef="u5" decimals="0">105500</e:InvestmentsGross><e:InvestmentsGross contextRef="c423" unitRef="u5" decimals="0">544115</e:InvestmentsGross><e:InvestmentsGross contextRef="c207" unitRef="u5" decimals="0">3076626</e:InvestmentsGross><e:InvestmentsGross contextRef="c1993" unitRef="u5" decimals="0">724238</e:InvestmentsGross><e:AccumulatedRevaluationsOfInvestments contextRef="c261" unitRef="u5" decimals="0">260696</e:AccumulatedRevaluationsOfInvestments><e:AccumulatedRevaluationsOfInvestments contextRef="c421" unitRef="u5" decimals="0">-20505</e:AccumulatedRevaluationsOfInvestments><e:AccumulatedRevaluationsOfInvestments contextRef="c205" unitRef="u5" decimals="0">-739475</e:AccumulatedRevaluationsOfInvestments><e:AccumulatedRevaluationsOfInvestments contextRef="c1991" unitRef="u5" decimals="0">0</e:AccumulatedRevaluationsOfInvestments><e:OtherAdjustmentsRelatedToInvestments contextRef="c263" unitRef="u5" decimals="0">223030</e:OtherAdjustmentsRelatedToInvestments><e:OtherAdjustmentsRelatedToInvestments contextRef="c422" unitRef="u5" decimals="0">-447980</e:OtherAdjustmentsRelatedToInvestments><e:TransferRevaluationOfInvestments contextRef="c263" unitRef="u5" decimals="0">-271236</e:TransferRevaluationOfInvestments><e:TransferRevaluationOfInvestments contextRef="c206" unitRef="u5" decimals="0">-75630</e:TransferRevaluationOfInvestments><e:TransferRevaluationOfInvestments contextRef="c1992" unitRef="u5" decimals="0">0</e:TransferRevaluationOfInvestments><e:AccumulatedRevaluationsOfInvestments contextRef="c204" unitRef="u5" decimals="0">-544115</e:AccumulatedRevaluationsOfInvestments><e:AccumulatedRevaluationsOfInvestments contextRef="c207" unitRef="u5" decimals="0">-663845</e:AccumulatedRevaluationsOfInvestments><e:AccumulatedRevaluationsOfInvestments contextRef="c216" unitRef="u5" decimals="0">0</e:AccumulatedRevaluationsOfInvestments><e:IntangibleAssets contextRef="c154" unitRef="u5" decimals="0">860462</e:IntangibleAssets><e:LongtermInvestmentsAndReceivables contextRef="c204" unitRef="u5" decimals="0">0</e:LongtermInvestmentsAndReceivables><e:LongtermInvestmentsAndReceivables contextRef="c207" unitRef="u5" decimals="0">2412781</e:LongtermInvestmentsAndReceivables><e:LongtermInvestmentsAndReceivables contextRef="c216" unitRef="u5" decimals="0">724238</e:LongtermInvestmentsAndReceivables><e:RelatedEntityName contextRef="c632">Ploomo ApS</e:RelatedEntityName><e:RelatedEntityLegalForm contextRef="c632">ApS</e:RelatedEntityLegalForm><e:RelatedEntityRegisteredOffice contextRef="c632">Copenhagen K,
Denmark</e:RelatedEntityRegisteredOffice><e:ShareHeldByEntityOrConsolidatedEnterprisesInRelatedEntity contextRef="c652" unitRef="u8" decimals="1">51</e:ShareHeldByEntityOrConsolidatedEnterprisesInRelatedEntity><e:Equity contextRef="c652" unitRef="u5" decimals="INF">-581836</e:Equity><e:ProfitLoss contextRef="c632" unitRef="u5" decimals="INF">-631836</e:ProfitLoss><e:RelatedEntityName contextRef="c633">Scatter Web ApS</e:RelatedEntityName><e:RelatedEntityLegalForm contextRef="c633">ApS</e:RelatedEntityLegalForm><e:RelatedEntityRegisteredOffice contextRef="c633">Copenhagen K,
Denmark</e:RelatedEntityRegisteredOffice><e:ShareHeldByEntityOrConsolidatedEnterprisesInRelatedEntity contextRef="c653" unitRef="u8" decimals="1">100</e:ShareHeldByEntityOrConsolidatedEnterprisesInRelatedEntity><e:Equity contextRef="c653" unitRef="u5" decimals="INF">860462</e:Equity><e:ProfitLoss contextRef="c633" unitRef="u5" decimals="INF">519766</e:ProfitLoss><e:RelatedEntityName contextRef="c672">Media Content Monitoring Inc'</e:RelatedEntityName><e:RelatedEntityLegalForm contextRef="c672">inc.</e:RelatedEntityLegalForm><e:RelatedEntityRegisteredOffice contextRef="c672">Makati City, The Philippines</e:RelatedEntityRegisteredOffice><e:ShareHeldByEntityOrConsolidatedEnterprisesInRelatedEntity contextRef="c673" unitRef="u8" decimals="1">40</e:ShareHeldByEntityOrConsolidatedEnterprisesInRelatedEntity><e:Equity contextRef="c673" unitRef="u5" decimals="INF">-3019900</e:Equity><e:ProfitLoss contextRef="c672" unitRef="u5" decimals="INF">-1119950</e:ProfitLoss><e:Equity contextRef="c393" unitRef="u5" decimals="0">500000</e:Equity><e:Equity contextRef="c396" unitRef="u5" decimals="0">125000</e:Equity><e:Equity contextRef="c399" unitRef="u5" decimals="0">125000</e:Equity><e:Equity contextRef="c402" unitRef="u5" decimals="0">125000</e:Equity><e:IncreaseOfCapital contextRef="c394" unitRef="u5" decimals="0">6334</e:IncreaseOfCapital><e:IncreaseOfCapital contextRef="c397" unitRef="u5" decimals="0">375000</e:IncreaseOfCapital><e:IncreaseOfCapital contextRef="c400" unitRef="u5" decimals="0">0</e:IncreaseOfCapital><e:IncreaseOfCapital contextRef="c403" unitRef="u5" decimals="0">0</e:IncreaseOfCapital><e:Equity contextRef="c395" unitRef="u5" decimals="0">506334</e:Equity><e:Equity contextRef="c398" unitRef="u5" decimals="0">500000</e:Equity><e:Equity contextRef="c401" unitRef="u5" decimals="0">125000</e:Equity><e:Equity contextRef="c404" unitRef="u5" decimals="0">125000</e:Equity><f:IdentificationOfApprovedAnnualReport contextRef="c1">The Board of Directors and the Executive Board have today discussed and approved the annual report of Better Collective A/S for the financial year 1 January - 31 December 2016.</f:IdentificationOfApprovedAnnualReport><f:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement contextRef="c1">The annual report is prepared in accordance with the Danish Financial Statements Act.</f:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement><f:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults contextRef="c1">In our opinion, the financial statements give a true and fair view of the Company's financial position at 31 December 2016 and of the results of the Company's operations for the financial year 1 January - 31 December 2016.</f:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults><f:ManagementsStatementAboutManagementsReview contextRef="c1">Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review.</f:ManagementsStatementAboutManagementsReview><f:RecommendationForApprovalOfAnnualReportByGeneralMeeting contextRef="c1">We recommend that the annual report be approved at the annual general meeting.</f:RecommendationForApprovalOfAnnualReportByGeneralMeeting><g:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="c1">To the shareholders of Better Collective A/S</g:AddresseeOfAuditorsReportOnAuditedFinancialStatements><g:OpinionOnAuditedFinancialStatements contextRef="c1">We have audited the financial statements of Better Collective A/S for the financial year 1 January - 31 December 2016, which comprise an income statement, balance sheet, statement of changes in equity 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 financial position of the Company at 31 December 2016 and of the results of the Company's operations for the financial year 1 January - 31 December 2016 in accordance with the Danish Financial Statements Act.</g:OpinionOnAuditedFinancialStatements><g:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="c1">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 "Auditor's responsibilities for the audit of the financial statements" section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for 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 rules and requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. </g:DescriptionOfQualificationsOfAuditedFinancialStatements><g:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="c1">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 Company's 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="c1">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 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 the 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 skepticism 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 Company'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 Company'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 conclusion is based on the audit evidence obtained up to the date of our auditor's 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 note 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:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="c1">Management is responsible for the Management's review.
Our opinion on the financial statements does not cover the Management's 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 the Management's review and, in doing so, consider whether the Management's 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 the Management's review provides the information required under the Danish Financial Statements Act.
Based on our procedures, we conclude that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of the Management's review.</g:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements><h:DescriptionOfPrimaryActivitiesOfEntity contextRef="c1">Better Collectiveâs vision is to empower iGamers - by leading the way in transparency and technology. Our mission is to make sports betting and gambling entertaining, transparent, and fair. We want to make sure that our users are better suited for navigating the iGaming world having visited a Better Collective website before registering an account with a sports betting or gambling operator.
Better Collective is a Danish company with Scandinavian values, but we have a large diversity in our workforce with employees from more than 20 different countries. We adhere to our four core values:
Talent
Talented employees are key to our success.
Respect
We respect each other, our users and our partners.
Innovation
We innovate remarkable products and processes that makes a difference to our users.
Dedication
We are dedicated to enriching sports betting and gambling for our users.
Business model
Better Collective operates in the iGaming industry and provides targeted commercial content, data driven performance marketing and value adding services for its commercial partners; the sports betting and gambling operators. Better Collective therefore commits to creating business for our commercial partners with our primary revenue being generated in two ways: CPA and revenue share:
CPA means that we receive money when we refer a new customer to an operator. The customer must make a predefined action, ie. make a deposit or similar, in order for us to be paid. When this transaction has happened we receive no further payments.
Revenue share is a no cure, no pay partnership with the operators, where weâre being paid for as long as the customer stays active with the operator. The majority of Better Collective revenue is from revenue share agreements with operators.
Contrary to other large companies in our industry, Better Collective does not merely pass on traffic to bookmakers. We play a big and determining part in the user journey and thus build a long term relationship with the end users. Through this relationship our products are top of mind for our users which means that the user starts his journey in our communities and platforms.
Products & Services
Better Collective owns and operates a large number of digital products and websites in the iGaming industry. The websites enables our users to maneuver the world of online sports betting and gambling.
Sports betting is a way to make a football match, a political election or another scored event even more exciting. A spinning roulette wheel and cards on a blackjack table are inherently thrilling when your money is placed. We believe that sports betting and casino games belong in the category of entertainment. Sports betting and gambling are inherently fun and engaging. A majority of users end up losing some of their deposited money, while some users walk away with more money than they started out with.
Our products are successful because we invest aggressively in the overall user experience. Our products are aggregators that help the users manage a crowded and often cloudy industry. If they want to follow a trustworthy tipster, they can choose between thousands on bettingexpert.com. If they want to find the best odds, they can choose between dozens of bookmakers on smartbets.com and hundreds of slot machines on discoverslots.com. Our products are built on a common set of principles:
Participation
With more than 100,000 betting tips posted each month, our users at bettingexpert.com and bettingexpert LIVE are helping us create remarkable products. By providing a great user experience, users are spending countless hours competing to be the worldâs best tipster. Through aggregation of these user insights and streaming market data we build unique informative insights before each game and during the games. This gives us an unparalleled dataset with tips we can use across products.
Personalization
We create highly personalized products leading to a long term relationship with the users. The more the user uses our products, the more personalized it will become. Some of the personalization happens through explicit user preferences, others happen through machine learning. Our products build retention and individually targeted communication through unique user profiling and detailed preference tracking giving the user a better understanding of the sports betting markets and gambling opportunities in each geographical area. Our communities provide personally targeted content to each individual.
Engagement
Offering sports betting markets, sports diversity, stats and expert tips targeted through each individual preference set - creates the optimal engagement from the user.
Trust
The world of online sports betting is complex and full of vibrant companies. Our goal is to simplify and curate the experience in order to ensure the overall quality and integrity of the sector. Through our increasing base of loyal followers we are able to take part in the process of building retention and expand the market understanding as part of the value chain.
Scale
Although we have thousands of products and websites, they are all built on a common infrastructure. This infrastructure had high costs upfront but is highly efficient downstream. This ecosystem is a key differentiator and it allows us to innovate faster than competitors.</h:DescriptionOfPrimaryActivitiesOfEntity><h:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs contextRef="c1">The Companyâs gross profit for 2016 amounted to DKK 95,589,304 compared to DKK 61,774,521 in 2015. This represents a pure organic growth of more than 50% from 2015 to 2016, which places us among the fastest organically growing performance marketing companies. We are very pleased with this performance.
Our result after tax amounted to DKK 41,098,241 compared to DKK 19,593,228 in 2015. Our result after tax has grown 110% from 2015 to 2016. This is a result of Better Collective having reached a size, where we can grow revenue significantly without having to grow our costs at nearly the same speed. We truly experience economies of scale at this level and we believe this effect will apply even further in the future. This should lead to increased profit margins.
Our cash position at the end of the 2016 and current credit facilities puts us in a good position to grow our business through M&A activities as well.
We have a strong balance sheet with equity of DKK 47,663,994.
Better Collectiveâs products and services are used daily by users from a broad range of countries, mainly in Europe
Correction of errors
In previous years, the Company has recognized revenue upon receipt of payment and not upon delivery. The matter has been corrected as a material misstatement, and consequently the comparative figures have been restated. The change has resulted in a positive adjustment of profit before tax for 2015 of DKK 3,332,653. Equity at 31 December 2015 has increased by DKK 6,398,015.
Investments in associates at 31 December 2015 were overestimated by DKK 759,980, and the comparative figures have been restated accordingly. Consequently, profit/loss before tax for 2015 and equity at 31 December 2015 have decreased by DKK 759,980.
The holiday pay obligation at 31 December 2015 was understated by DKK 1,162,087, and the comparative figures have been restated accordingly. Consequently, profit/loss after tax for 2015 and equity at 31 December 2015 have decreased by DKK 906,428.
Completed development projects at 31 December 2014 were overstated by DKK 908,863, which has been corrected as a material misstatement. The change has resulted in a positive adjustment of profit/loss before tax for 2015 of DKK 217,392. Equity at 31 December 2015 has decreased by DKK 517,832.</h:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs><h:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod contextRef="c1">No events materially affecting the Company's financial position have occurred subsequent to the financial year-end.</h:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod><h:DescriptionOfExpectedDevelopment contextRef="c1">Technology
Better Collectiveâs technological infrastructure has been modernized vastly over the past couple of years. As we are finishing the move to a micro-service based architecture based on proprietary APIs (Application Programming Interfaces), we are in a unique position in the iGaming industry.
Because of our state-of-the-art infrastructure, we have 10+ micro services that each deliver valuable data and functions which we can leverage across award winning products like smartbets.com and bettingexpert.com
Our API-based infrastructure is a huge asset and gives us a competitive advantage in multiple ways:
It allows us to roll out new features on several products at the same time.
We can easily create new products, as most of the back-end work is in place.
We can instantly add value to acquired sites, no matter which technology they are built on. We can, for example, add odds comparison data like we do on smartbets.com or integrate million of betting tips from bettingexpert.
We can easily work with multiple distributed development teams.
Monetization
Due to our market-leading and award winning products, we know our users very well. We are going to leverage this information through advanced marketing automation and targeted communication going forward. Based on our APIs, we will be able to automatically send out personalised content to users based on their bookmaker, market and sports preferences.
The current affiliate market mainly rewards new depositor acquisitions. Value adding activities such as retention and activation of existing members are for most affiliates not rewarded. As Better Collectiveâs products already create important value to bookmakers by inspiring their members with unique, fun and engaging content, insights and sport bets targeted at each individual user - We are currently in a position where this is part of our industry leading commercial agreements with our partners.
As we already see this effort being recognised by the operators we see a large upside for Better Collective which we will seek to further realize through additional revenue streams in the coming years.
If we continue adding to the dynamics in the value-chain - the revenue model for affiliates will change from primarily rewarding new depositor acquisitions to a model where affiliates like Better Collective will build diverse revenue streams from all activities that creates measurable value for the iGaming operators.
Better Collective has a unique position to take lead and increase our market share.
Financial and strategic outlook
Better Collective expect further consolidation in iGaming industry. We have a long, reliable and sustained track record of high organic growth. Following a newly adopted strategy Better Collective now expects to expand revenue growth further with acquisitions complementing the companyâs historic high organic revenue growth.
Better Collective historically has grown gross profits around 50% per year. Short term we aim to expand the historic revenue growth levels, now including M&A-driven growth. Our long term growth ambitions are to grow revenue by minimum 25% per year, with an EBITDA profit ratio of more than 40%.
In 2017 we expect to execute the first acquisitions, increase the number of partners we work with and to see an overall improved performance with these partners. Also, we are looking to expand our geographical reach by way of introducing our products and services in more countries.</h:DescriptionOfExpectedDevelopment><e:InformationOnReportingClassOfEntity contextRef="c1">The annual report of Better Collective A/S for 2016 has been prepared in accordance with the provisions in the Danish Financial Statements Act to report reporting class B entities and elective choice of certain provisions applying to reporting class C entities.</e:InformationOnReportingClassOfEntity><e:InformationOnNoncomparabilityOrRestatement contextRef="c1">Effective 1 January 2016, the Company has adopted act no. 738 of 1 June 2015. This implies that in future, residual values and depreciation periods of property, plant and equipment are subject to annual reassessment. The Company has no significant residual values relating to property, plant and equipment.
The above change does not affect the income statement or the balance sheet for 2016 or the comparative figures.
A few reclassifications have been made in the balance sheet at 31 December 2015.
In addition, the Company has decided to present its balance sheet in horizontal format where non-current and current assets and liabilities are broken down and comparative figures for 2015 are restated.
Apart from the above change as well as new and changed presentation and disclosure requirements, which follow from act no. 738 of 1 June 2015, the accounting policies are consistent with those of last year.</e:InformationOnNoncomparabilityOrRestatement><e:ExplanationOfChangeInRecognitionAndMeasurementBasisOfAssetsAndLiabilitiesAsResultOfErrors contextRef="c1">In prior years, the Company recognised revenue upon receipt of payment and not upon delivery. The matter has been corrected as a material misstatement, and consequently the comparative figures have been restated. The change has resulted in a positive adjustment of profit before tax for 2015 of DKK 3,332,653. Equity at 31 December 2015 has increased by DKK 6,398,015.
Investments in associates at 31 December 2015 were overestimated by DKK 759,980, and the comparative figures have been restated accordingly. Consequently, profit/loss before tax for 2015 and equity at 31 December 2015 have decreased by DKK 759,980.
The holiday pay obligation at 31 December 2015 was understated by DKK 1,162,087, and the comparative figures have been restated accordingly. Consequently, profit/loss after tax for 2015 and equity at 31 December 2015 have decreased by DKK 906,428.
Completed development projects at 31 December 2014 were overstated by DKK 908,863, which has been corrected as a material misstatement. The change has resulted in a positive adjustment of profit/loss before tax for 2015 of DKK 217,392. Equity at 31 December 2015 has decreased by DKK 517,832.</e:ExplanationOfChangeInRecognitionAndMeasurementBasisOfAssetsAndLiabilitiesAsResultOfErrors><e:DescriptionOfMethodsOfForeignCurrencies contextRef="c1">On initial recognition, transactions denominated in foreign currencies are translated at the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and the date of payment are recognised in the income statement as financial income or financial expenses.
Receivables and payables and other monetary items denominated in foreign currencies are translated at the exchange rate at the balance sheet date. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the most recent financial statements is recognised in the income statement as financial income or financial expenses.</e:DescriptionOfMethodsOfForeignCurrencies><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue contextRef="c1">Income from referrals to online sports betting and gambling operators is recognised in revenue when the most significant rewards and risks have been transferred to the buyer and provided the income can be measured reliably and payment is expected to be received.
Gross margin
The items revenue, change in inventories of finished goods and work in progress, work performed for own account and capitalised, other operating income and external expenses have been aggregated into one item in the income statement called gross margin in accordance with section 32 of the Danish Financial Statements Act.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfExternalExpenses contextRef="c1">Other external expenses include the year's expenses relating to the Company's core activities, including expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfExternalExpenses><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEmployeeBenefitExpense contextRef="c1">Staff costs include wages and salaries, including compensated absence and pension to the Company's employees, as well as other social security contributions, etc. The item is net of refunds from public authorities.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEmployeeBenefitExpense><e:DescriptionOfMethodsOfImpairmentLossesAndDepreciation contextRef="c1">The item comprises amortisation/depreciation of intangible assets and property, plant and equipment.
Intangible assets comprise acquired intangible assets.
The basis of amortisation, which is calculated as cost less any residual value, is amortised on a straight line basis over the expected useful life. The expected useful lives of the assets are as follows:
Acquired intangible assets
7 years
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.
Land and buildings
10-50 years
Fixtures and fittings, other plant and equipment
3-5 years
Land is not depreciated.
The basis of depreciation is calculated taking into account the residual value at the end of the expected useful life and less any impairment. The depreciation period and residual value are determined at the time of acquisition and are reassessed every year. Where the residual value exceeds the carrying amount of the asset, no further depreciation charges are recognised.</e:DescriptionOfMethodsOfImpairmentLossesAndDepreciation><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeAndExpensesFromInvestmentsInGroupEnterprisesAndAssociates contextRef="c1">The item includes the Company's proportionate share of the profit/loss for the year in subsidiaries and associates after elimination of intra-group income or losses and net of amortisation and impairment of goodwill and other excess values at the time of acquisition.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeAndExpensesFromInvestmentsInGroupEnterprisesAndAssociates><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses contextRef="c1">Financial income and expenses are recognised in the income statements at the amounts that concern the financial year. Net financials include interest income and expenses, foreign exchange adjustments and gains and losses on the disposal of securities as well as allowances and surcharges under the advance-payment-of-tax scheme, etc.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses contextRef="c1">The Company is subject to the Danish rules on mandatory joint taxation of the Better Holding 2012 ApS Group's Danish subsidiaries. Subsidiaries are included in the joint taxation arrangement from the date when they are included in the consolidated financial statements and up to the date when they are no longer consolidated.
Better Holding 2012 ApS acts as management company for the joint taxation arrangement and consequently settles all Danish corporate income tax payments with the tax authorities.
On payment of joint taxation contributions, the Danish corporate income tax charge is allocated between the jointly taxed entities in proportion to their taxable income. Entities with tax losses receive joint taxation contributions from entities that have been able to use the tax losses to reduce their own taxable income (full distribution).
Jointly taxed entities entitled to a tax refund are, at a minimum, reimbursed by the management company based on the rates applicable to interest allowances, and jointly taxed entities which have paid too little tax pay, at the maximum, a surcharge according to the rates applicable to interest surcharges to the management company.
The tax expense for the year, which comprises the yearâs joint taxation contributions and changes in the deferred tax charge is recognised in the income statement as regards the portion that relates to the profit/loss for the year and directly in equity as regards the portion that relates to entries directly in equity.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIntangibleAssets contextRef="c1">Other intangible assets include completed development projects.
Other intangible assets are measured at cost less accumulated amortisation and impairment losses.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIntangibleAssets><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment contextRef="c1">Property, plant and equipment
Items of property, plant and equipment are measured at cost less accumulated depreciation and impairment losses. Cost includes the acquisition price and costs directly related to the acquisition until the time at which the asset is ready for use.
Gains and losses from the disposal of property, plant and equipment are recognised in the income statement as other operating income or other operating expenses. Gains or losses are calculated as the difference between the selling price less selling costs and the carrying amount at the date of disposal.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisForInvestmentsInSubsidiariesAndAssociates contextRef="c1">On initial recognition, investments in subsidiaries and associates are measured at cost and subsequently at the proportionate share of the entities' net asset values calculated in accordance with the parent company's accounting policies minus or plus any residual value of positive or negative goodwill calculated in accordance with the purchase method of accounting. Subsidiaries and associates with a negative net asset value are measured at DKK 0 (nil), and any amounts owed by such entities are written down by the parent company's share of the net asset value if the amount owed is deemed irrecoverable. If the negative net asset value exceeds the amounts owed, the remaining amount is recognised under provisions if the parent company has a legal or a constructive obligation to cover the entity's deficit. Net revaluations of investments in subsidiaries and associates are transferred to the net revaluation reserve according to the equity method where the carrying amount exceeds the acquisition cost.
Newly acquired or formed entities are recognised in the financial statements from the date of acquisition or formation. Entities sold or otherwise disposed of are recognised up to the date of disposal.
Corporate acquisitions are accounted for using the purchase method according to which the acquired entity's identifiable assets and liabilities are measured at fair value at the date of acquisition. In connection with the acquisition, a provision is made for expenses related to adopted plans to restructure the acquired entity. The tax effect of revaluations made is taken into account.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisForInvestmentsInSubsidiariesAndAssociates><e:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets contextRef="c1">The carrying amount of intangible assets, property, plant and equipment and investments in subsidiaries and associates is assessed for impairment on an annual basis.
Impairment tests are conducted on assets or groups of assets when there is evidence of impairment. The carrying amount of impaired assets is reduced to the higher of the net selling price and the value in use (recoverable amount).
The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the group of assets and the expected net cash flows from the disposal of the asset or the group of assets after the end of the useful life.
Previously recognised impairment losses are reversed when the reason for recognition no longer exists.</e:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables contextRef="c1">Receivables are measured at amortised cost, which usually corresponds to nominal value. Write-down is made for bad debt losses when there is objective evidence that a receivable has been impaired. Write-down is made to net realisable value if this is lower than the carrying amount.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeAssets contextRef="c1">Prepayments recognised under "Assets" comprise prepaid expenses regarding subsequent financial reporting years.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeAssets><e:DescriptionOfMethodsOfInvestmentsAsCurrentAssets contextRef="c1">Securities and other investments are measured at fair value (market price) at the balance sheet date. Investments not admitted to trading on an active market are measured at fair value, and if fair value cannot be determined, these are measured at cost.</e:DescriptionOfMethodsOfInvestmentsAsCurrentAssets><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCashAndCashEquivalents contextRef="c1">Cash and cash equivalents comprise cash at bank and in hand and operating cash.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCashAndCashEquivalents><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity contextRef="c1">Reserve for net revaluation according to the equity method
The net revaluation reserve according to the equity method includes net revaluations of investments in subsidiaries and associates relative to cost. The reserve can be eliminated in case of losses, realisation of investments or a change in accounting estimates. The reserve cannot be recognised at a negative amount.
Proposed dividends
Dividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity".</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity><e:DescriptionOfMethodsOfDividends contextRef="c1">Dividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity".</e:DescriptionOfMethodsOfDividends><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax contextRef="c1">Current tax payables and receivables are recognised in the balance sheet as the estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account.
Joint taxation contributions receivable and payable are recognised in the balance sheet as income tax receivable and payable, rescpectively.
Deferred tax is measured according to the liability method on all temporary differences between the carrying amount and the tax base of assets and liabilities. However, deferred tax is not recognised on temporary differences relating to goodwill which is not deductible for tax purposes and on office premises and other items where temporary differences, apart from business combinations, arise at the date of acquisition without affecting either profit/loss for the year or taxable income. Where alternative tax rules can be applied to determine the tax base, deferred tax is measured based on Management's intended use of the asset or settlement of the liability, respectively.
Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax assets are recognised at the expected value of their utilisation; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same jurisdiction. Changes in deferred tax due to changes in the tax rate are recognised in the income statement.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax><e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions contextRef="c1">Liabilities are measured at net realisable value.</e:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions><e:ExplanationOfNotDisclosingInformationOnSubsidiariesAssociatesPartnershipOrLimitedPartnershipEntitiesInWhichReportingEntityIsPartnerOrGeneralPartner contextRef="c1">Information about the name, domicile and legal form of the associate is based on the annual report for 2016 which has not yet been made public.</e:ExplanationOfNotDisclosingInformationOnSubsidiariesAssociatesPartnershipOrLimitedPartnershipEntitiesInWhichReportingEntityIsPartnerOrGeneralPartner><e:InformationOnExpensesIncurredInFormationOfEntityOrIncreaseInShareCapital contextRef="c1">The share capital consists of 508,564 shares of nominal DKK 1 each.</e:InformationOnExpensesIncurredInFormationOfEntityOrIncreaseInShareCapital><e:DisclosureOfTreasuryShares contextRef="c1">Number
Nominal value
Share of capital
Purchase/
sales sum
DKK
DKK
Purchased in the year
8,564
8,564
1.68
2,300,290
Balance at 31 December 2016
8,564
8,564
1.68
No expenses have been incurred regarding purchase of treasury shares.</e:DisclosureOfTreasuryShares><e:DisclosureOfContingentLiabilities contextRef="c1">Other contingent liabilities
The Company is jointly taxed with Better Holding 2012 ApS and other Danish group entities. As subsidiary, the Company has joint and several, unlimited liability together with Better Holding 2012 ApS for payment of Danish income taxes. The jointly taxed companies have a net receivable in respect of income taxes at 31 December 2016. Any subsequent corrections of income subject to joint taxation could entail adjustments in this respect.
Better Collective A/S has declared towards its subsidiary Ploomo ApS that the Company will provide the necessary liquidity to finance Ploomo ApS' plans and budgets for a period of minimum 12 months from the balance sheet date.</e:DisclosureOfContingentLiabilities><e:DisclosureOfLiabilitiesUnderLeases contextRef="c1">Rent and lease liabilities include a rent obligation totalling DKK 1,344 thousand with remaining contract terms of 2-3 years.</e:DisclosureOfLiabilitiesUnderLeases><e:InformationOnRelatedEntities contextRef="c1">Information about consolidated financial statements
Parent
Domicile
Requisitioning of the parent company's consolidated financial statements
Better Holding 2012 ApS
1253 Copenhagen K, Denmark
Better Holding 2012 ApS
</e:InformationOnRelatedEntities><!--Aktuelle periode enkelt selskab--><context id="c1"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period></context><!--Forrige periode enkelt selskab--><context id="c4"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2015-01-01</startDate><endDate>2015-12-31</endDate></period></context><!--Slutdato forrige periode enkelt selskab--><context id="c5"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2015-12-31</instant></period></context><!--Slutdato aktuelle periode enkelt selskab--><context id="c7"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period></context><!--BOARD1--><context id="c33"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:typedMember dimension="d:IdentificationOfMemberOfSupervisoryBoardDimension"><d:memberOfBoardIdentifier>1</d:memberOfBoardIdentifier></xbrldi:typedMember></scenario></context><!--BOARD2--><context id="c49"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:typedMember dimension="d:IdentificationOfMemberOfSupervisoryBoardDimension"><d:memberOfBoardIdentifier>2</d:memberOfBoardIdentifier></xbrldi:typedMember></scenario></context><!--BOARD3--><context id="c50"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:typedMember dimension="d:IdentificationOfMemberOfSupervisoryBoardDimension"><d:memberOfBoardIdentifier>3</d:memberOfBoardIdentifier></xbrldi:typedMember></scenario></context><!--BOARD4--><context id="c51"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:typedMember dimension="d:IdentificationOfMemberOfSupervisoryBoardDimension"><d:memberOfBoardIdentifier>4</d:memberOfBoardIdentifier></xbrldi:typedMember></scenario></context><!--BOARD5--><context id="c52"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:typedMember dimension="d:IdentificationOfMemberOfSupervisoryBoardDimension"><d:memberOfBoardIdentifier>5</d:memberOfBoardIdentifier></xbrldi:typedMember></scenario></context><!--CEO1--><context id="c76"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:typedMember dimension="d:IdentificationOfMemberOfExecutiveBoardDimension"><d:memberOfBoardIdentifier>1</d:memberOfBoardIdentifier></xbrldi:typedMember></scenario></context><!--CEO2--><context id="c77"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:typedMember dimension="d:IdentificationOfMemberOfExecutiveBoardDimension"><d:memberOfBoardIdentifier>2</d:memberOfBoardIdentifier></xbrldi:typedMember></scenario></context><!--REVISOR1--><context id="c106"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:typedMember dimension="d:IdentificationOfAuditorDimension"><d:auditorIdentifier>1</d:auditorIdentifier></xbrldi:typedMember></scenario></context><!--UdvProject aktuel primo--><context id="c112"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:CompletedDevelopmentProjectsMember</xbrldi:explicitMember></scenario></context><!--UdvProject aktuel i aaret--><context id="c153"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:CompletedDevelopmentProjectsMember</xbrldi:explicitMember></scenario></context><!--UdvProject aktuel ultimo--><context id="c154"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfIntangibleAssetsDimension">e:CompletedDevelopmentProjectsMember</xbrldi:explicitMember></scenario></context><!--Udbytte Egenkapital aktuel i aaret--><context id="c172"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ResultDistributionDimension">e:ProposedDividendRecognisedInEquityMember</xbrldi:explicitMember></scenario></context><!--Udbytte Egenkapital forrige i aaret--><context id="c173"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2015-01-01</startDate><endDate>2015-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ResultDistributionDimension">e:ProposedDividendRecognisedInEquityMember</xbrldi:explicitMember></scenario></context><!--Nettopskrivning aktuel i aaret--><context id="c182"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ResultDistributionDimension">e:ReserveForNetRevaluationAccordingToEquityMethodMember</xbrldi:explicitMember></scenario></context><!--Nettopskrivning forrige i aaret--><context id="c183"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2015-01-01</startDate><endDate>2015-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ResultDistributionDimension">e:ReserveForNetRevaluationAccordingToEquityMethodMember</xbrldi:explicitMember></scenario></context><!--Overfoert resultat aktuel i aaret--><context id="c194"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ResultDistributionDimension">e:RetainedEarningsMember</xbrldi:explicitMember></scenario></context><!--Overfoert resultat forrige i aaret--><context id="c195"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2015-01-01</startDate><endDate>2015-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ResultDistributionDimension">e:RetainedEarningsMember</xbrldi:explicitMember></scenario></context><!--Tilgodehavender tilknyttede aktuel ultimo--><context id="c204"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:ReceivablesFromGroupEnterprisesMember</xbrldi:explicitMember></scenario></context><!--Tilgodehavender associerede aktuel primo--><context id="c205"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:ReceivablesFromAssociatesMember</xbrldi:explicitMember></scenario></context><!--Tilgodehavender associerede aktuel i aaret--><context id="c206"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:ReceivablesFromAssociatesMember</xbrldi:explicitMember></scenario></context><!--Tilgodehavender associerede aktuel ultimo--><context id="c207"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:ReceivablesFromAssociatesMember</xbrldi:explicitMember></scenario></context><!--Tilgodehavender virkdeltagere aktuel ultimo--><context id="c216"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:ReceivablesFromOwnersAndManagementMember</xbrldi:explicitMember></scenario></context><!--Grunde og bygninger aktuel primo--><context id="c217"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:LandAndBuildingsMember</xbrldi:explicitMember></scenario></context><!--Grunde og bygninger aktuel i aaret--><context id="c222"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:LandAndBuildingsMember</xbrldi:explicitMember></scenario></context><!--Grunde og bygninger aktuel ultimo--><context id="c223"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:LandAndBuildingsMember</xbrldi:explicitMember></scenario></context><!--Andre anlag aktuel primo--><context id="c235"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:FixturesFittingsToolsAndEquipmentMember</xbrldi:explicitMember></scenario></context><!--Andre anlag aktuel i aaret--><context id="c236"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:FixturesFittingsToolsAndEquipmentMember</xbrldi:explicitMember></scenario></context><!--Andre anlag aktuel ultimo--><context id="c237"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfPropertyPlantAndEquipmentDimension">e:FixturesFittingsToolsAndEquipmentMember</xbrldi:explicitMember></scenario></context><!--Kapandele tilknyttede aktuel primo--><context id="c261"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:InvestmentsInGroupEnterprisesMember</xbrldi:explicitMember></scenario></context><!--Kapandele tilknyttede aktuel i aaret--><context id="c263"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:InvestmentsInGroupEnterprisesMember</xbrldi:explicitMember></scenario></context><!--Kapandele tilknyttede aktuel ultimo--><context id="c265"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:InvestmentsInGroupEnterprisesMember</xbrldi:explicitMember></scenario></context><!--Virksomhedskapital forrige EKprimo--><context id="c309"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2015-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Virksomhedskapital forrige EKi aaret--><context id="c310"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2015-01-01</startDate><endDate>2015-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Virksomhedskapital aktuel primo--><context id="c312"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Virksomhedskapital aktuel i aaret--><context id="c313"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Virksomhedskapital aktuel ultimo--><context id="c314"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Reserve for nettoopskrivning indre vardi aktuel primo--><context id="c339"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ReserveForNetRevaluationAccordingToEquityMethodMember</xbrldi:explicitMember></scenario></context><!--Reserve for nettoopskrivning indre vardi aktuel i aaret--><context id="c340"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ReserveForNetRevaluationAccordingToEquityMethodMember</xbrldi:explicitMember></scenario></context><!--Reserve for nettoopskrivning indre vardi aktuel ultimo--><context id="c341"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ReserveForNetRevaluationAccordingToEquityMethodMember</xbrldi:explicitMember></scenario></context><!--Reserve for nettoopskrivning indre vardi forrige EKprimo--><context id="c342"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2015-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ReserveForNetRevaluationAccordingToEquityMethodMember</xbrldi:explicitMember></scenario></context><!--Reserve for nettoopskrivning indre vardi forrige EKi aaret--><context id="c343"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2015-01-01</startDate><endDate>2015-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ReserveForNetRevaluationAccordingToEquityMethodMember</xbrldi:explicitMember></scenario></context><!--Overfort res aktuel primo--><context id="c351"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:RetainedEarningsMember</xbrldi:explicitMember></scenario></context><!--Overfort res aktuel i aaret--><context id="c352"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:RetainedEarningsMember</xbrldi:explicitMember></scenario></context><!--Overfort res aktuel ultimo--><context id="c353"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:RetainedEarningsMember</xbrldi:explicitMember></scenario></context><!--Overfort res forrige EKprimo--><context id="c354"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2015-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:RetainedEarningsMember</xbrldi:explicitMember></scenario></context><!--Overfort res forrige EKi aaret--><context id="c355"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2015-01-01</startDate><endDate>2015-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:RetainedEarningsMember</xbrldi:explicitMember></scenario></context><!--Udbytte aktuel primo--><context id="c357"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ProposedDividendRecognisedInEquityMember</xbrldi:explicitMember></scenario></context><!--Udbytte aktuel i aaret--><context id="c358"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ProposedDividendRecognisedInEquityMember</xbrldi:explicitMember></scenario></context><!--Udbytte aktuel ultimo--><context id="c359"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ProposedDividendRecognisedInEquityMember</xbrldi:explicitMember></scenario></context><!--Udbytte forrige EKprimo--><context id="c360"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2015-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ProposedDividendRecognisedInEquityMember</xbrldi:explicitMember></scenario></context><!--Udbytte forrige EKi aaret--><context id="c361"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2015-01-01</startDate><endDate>2015-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ProposedDividendRecognisedInEquityMember</xbrldi:explicitMember></scenario></context><!--Kapital aktuel primo forrige aar--><context id="c393"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</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="c394"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</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="c395"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</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="c396"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</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="c397"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</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="c398"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</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="c399"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</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="c400"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</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="c401"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</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="c402"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</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="c403"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</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="c404"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="d:RetrospectiveInformationDimension">d:FourYearsAgoMember</xbrldi:explicitMember><xbrldi:explicitMember dimension="e:ClassesOfEquityDimension">e:ContributedCapitalMember</xbrldi:explicitMember></scenario></context><!--Kapitalandel associerede aktuel primo--><context id="c421"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:InvestmentsInAssociatesMember</xbrldi:explicitMember></scenario></context><!--Kapitalandel associerede aktuel i aaret--><context id="c422"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:InvestmentsInAssociatesMember</xbrldi:explicitMember></scenario></context><!--Kapitalandel associerede aktuel ultimo--><context id="c423"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:InvestmentsInAssociatesMember</xbrldi:explicitMember></scenario></context><!--Datterselskab1--><context id="c632"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:TypeOfRelatedEntityDimension">e:SubsidiaryMember</xbrldi:explicitMember><xbrldi:typedMember dimension="e:IdentificationOfRelatedEntityDimension"><e:relatedEntityIdentifier>1</e:relatedEntityIdentifier></xbrldi:typedMember></scenario></context><!--Datterselskab2--><context id="c633"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:TypeOfRelatedEntityDimension">e:SubsidiaryMember</xbrldi:explicitMember><xbrldi:typedMember dimension="e:IdentificationOfRelatedEntityDimension"><e:relatedEntityIdentifier>2</e:relatedEntityIdentifier></xbrldi:typedMember></scenario></context><!--Datterselskab ultimo1--><context id="c652"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:TypeOfRelatedEntityDimension">e:SubsidiaryMember</xbrldi:explicitMember><xbrldi:typedMember dimension="e:IdentificationOfRelatedEntityDimension"><e:relatedEntityIdentifier>1</e:relatedEntityIdentifier></xbrldi:typedMember></scenario></context><!--Datterselskab ultimo2--><context id="c653"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:TypeOfRelatedEntityDimension">e:SubsidiaryMember</xbrldi:explicitMember><xbrldi:typedMember dimension="e:IdentificationOfRelatedEntityDimension"><e:relatedEntityIdentifier>2</e:relatedEntityIdentifier></xbrldi:typedMember></scenario></context><!--Associeret1--><context id="c672"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:TypeOfRelatedEntityDimension">e:AssociateMember</xbrldi:explicitMember><xbrldi:typedMember dimension="e:IdentificationOfRelatedEntityDimension"><e:relatedEntityIdentifier>1</e:relatedEntityIdentifier></xbrldi:typedMember></scenario></context><!--Associeret ultimo1--><context id="c673"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:TypeOfRelatedEntityDimension">e:AssociateMember</xbrldi:explicitMember><xbrldi:typedMember dimension="e:IdentificationOfRelatedEntityDimension"><e:relatedEntityIdentifier>1</e:relatedEntityIdentifier></xbrldi:typedMember></scenario></context><!--Deposita aktuel primo--><context id="c1991"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-01-01</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:DepositsLongtermInvestmentsAndReceivablesMember</xbrldi:explicitMember></scenario></context><!--Deposita aktuel i aaret--><context id="c1992"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><startDate>2016-01-01</startDate><endDate>2016-12-31</endDate></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:DepositsLongtermInvestmentsAndReceivablesMember</xbrldi:explicitMember></scenario></context><!--Deposita aktuel ultimo--><context id="c1993"><entity><identifier scheme="http://www.dcca.dk/cvr">27652913</identifier></entity><period><instant>2016-12-31</instant></period><scenario><xbrldi:explicitMember dimension="e:ClassesOfInvestmentsDimension">e:DepositsLongtermInvestmentsAndReceivablesMember</xbrldi:explicitMember></scenario></context><!--DKK enere--><unit id="u5"><measure>iso4217:DKK</measure></unit><!--Decimal1--><unit id="u8"><measure>xbrli:pure</measure></unit></xbrl>