Assets
Type | Time | Amount | Unit |
---|
Revenue
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XML
See the xml submitted here:
XML: INVALID
Separator
The full data:
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<gsd:AddressOfReportingEntityCountry contextRef="ctx1" xml:lang="da">Denmark</gsd:AddressOfReportingEntityCountry>
<gsd:TelephoneNumberOfReportingEntity contextRef="ctx1" xml:lang="da">+45 35 44 88 00</gsd:TelephoneNumberOfReportingEntity>
<gsd:EmailOfReportingEntity contextRef="ctx1" xml:lang="da">info@simcorp.com</gsd:EmailOfReportingEntity>
<gsd:HomepageOfReportingEntity contextRef="ctx1">www.simcorp.com</gsd:HomepageOfReportingEntity>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx1">15505281</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:ReportingPeriodStartDate contextRef="ctx1">2018-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx1">2018-12-31</gsd:ReportingPeriodEndDate>
<gsd:DateOfGeneralMeeting contextRef="ctx1">2019-03-27</gsd:DateOfGeneralMeeting>
<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" xml:lang="da">Marianne Philip</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
<mrv:CorporateGovernanceReport contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="4">CORPORATE GOVERNANCE REPORT</td></tr><tr><td colspan="4">SimCorpâs Board of Directors has reviewed each of the current Danish recommendations on corporate governance issued by Nasdaq Copenhagen and has concluded that, with two exceptions, SimCorp is in full compliance with the recommendations. The Board has decided on specific measures on the two exceptions.</td></tr><tr><td colspan="4">SimCorpâs Corporate Governance Guidelines are intended to ensure an efficient and adequate management of SimCorp within the framework defined by applicable legislation, rules, and recommendations for listed companies in Denmark and by SimCorpâs articles of association, mission, vision, and values.</td></tr><tr><td colspan="4">http://www.simcorp.com/corporate-governance</td></tr><tr><td colspan="4">SIMCORPâS STAKEHOLDER RELATIONSHIPS</td></tr><tr><td colspan="4">SimCorpâs overall management objective is to promote the long-term interests of the company, and thus of all stakeholders. This objective assumes that SimCorp establishes lasting and constructive relationships with the Groupâs primary stakeholders: clients, employees, shareholders, and society.</td></tr><tr><td colspan="4">THE WORK OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT BOARD</td></tr><tr><td colspan="4">The Board of Directors is a collective body for promoting the long-term interests of the company. The Board is responsible for ensuring that the overall strategic management and the financial and managerial control of the Group are conducted adequately. Thus, the Board monitors the Groupâs strategic direction, financial condition, risk management, and business activities on an ongoing basis.</td></tr><tr><td colspan="4">COMPOSITION AND QUALIFICATIONS OF THE BOARD OF DIRECTORS</td></tr><tr><td colspan="4">The Board of Directors is constituted to ensure its independence, adequate collective competences, and experiences within executive management disciplines related to global corporations, information technology, and business-to-business sales and implementation of software, and to hold a sufficient number of members to enable an appropriate distribution of tasks and an effective decision-making process. As provided in the companyâs articles of association, SimCorpâs Board currently consists of between four and eight members elected by the companyâs shareholders in addition to members elected by and among the companyâs employees.</td></tr><tr><td colspan="4">Accordingly, following the Annual General Meeting (AGM) 2018 and the Extraordinary General Meeting in May, the Board consists of seven members elected by the shareholders and three members elected by employees.</td></tr><tr><td colspan="4">Self-assessment</td></tr><tr><td colspan="4">As part of its annual wheel activities, the Board of Directors carries out a self-assessment. As in 2017, the process was in 2018 facilitated by a third party, Odgers Berndtson, and comprised an evaluation of the work and contribution of the Executive Management Board, the Board of Directors, the Audit Committee, and the Nomination and Remuneration Committee within the areas of strategy, finance, risk management, sales, organization, management, and operations. The Board of Directors also evaluated, if the total number of management functions, including their level and complexity, taken on by each board member was considered appropriate.</td></tr><tr><td colspan="4">It was concluded that the Boardâs work is effective, that the members collectively contribute to the required areas of expertise, and that none of the directors are over-boarded.</td></tr><tr><td colspan="4">The Board also concluded that the geographies represented by its members â Northern Europe, Southern Europe, the UK, and North America â reflect an extensive coverage of SimCorpâs markets.</td></tr><tr><td colspan="4">Finally, the Board concluded that SimCorp complies with the Danish Corporate Governance Guidelinesâ recommendation that at least half of the members elected by the AGM are independent.</td></tr><tr><td colspan="4">At the AGM 2019, Jesper Brandgaard will resign after 12 years as member of the Board, 11 of these as Chairman. As new Chairman, the Board proposes the current Vice-Chairman, Peter Schütze, who has served as Vice-chairman since 2012. Peter brings more than 30 years of management experience from international financial institutions, and holds board and chairman positions in several other large companies. Morten Hübbe is proposed as new Vice-chairman. Morten brings chief executive experience from a listed company. The Board does not propose any new members to the Board.</td></tr><tr><td colspan="4">Risk management</td></tr><tr><td colspan="4">The Board of Directors has the overall responsibility for ensuring that SimCorp maintains appropriate procedures to monitor, measure, and manage the companyâs risks and that such procedures are firmly embedded in the companyâs organization. As part of its risk management, the Executive Management Board and the Board of Directors have defined and described the most critical risks to SimCorp and the related mitigating actions. A more detailed description is provided in the section âRisk Managementâ, pp 28-30.</td></tr><tr><td colspan="4">BOARD OF DIRECTORS AND COMMITTEES MEETING PARTICIPATION IN 2018</td></tr><tr><td /><td /><td /><td>Nomination and</td></tr><tr><td /><td>Board of</td><td>Audit</td><td>Remuneration</td></tr><tr><td /><td>Directors</td><td>Committee</td><td>Committee</td></tr><tr><td>Jesper Brandgaard</td><td>6/6</td><td /><td>3/3</td></tr><tr><td>Peter Schütze</td><td>6/6</td><td /><td>3/3</td></tr><tr><td>Simon Jeffreys</td><td>6/6</td><td>4/4</td></tr><tr><td>Hervé Couturier</td><td>6/6</td><td /><td>3/3</td></tr><tr><td>Joan Binstock 1</td><td>4/4</td><td>3/3</td></tr><tr><td>Adam Warby</td><td>6/6</td></tr><tr><td>Else Braathen</td><td>6/6</td><td>4/4</td></tr><tr><td>Morten Hübbe 2</td><td>3/3</td></tr><tr><td>Ulrik Elstrup Hansen</td><td>6/6</td></tr><tr><td>Vera Bergforth</td><td>6/6</td><td /><td>3/3</td></tr><tr><td>Patricia McDonald</td><td>2/2</td><td>1/1</td></tr><tr><td colspan="4">1) Elected March 23, 2018. 2) Elected May 9, 2018. 3 Resigned March 23, 2018.</td></tr><tr><td colspan="4">Further, the company maintains a whistleblower hotline, which is intended to enable reporting on suspected irregularities in the business. SimCorp has engaged a third party, Got Ethics, who provides an internet-based reporting tool. Reports sent through the whistleblower hotline are electronically submitted directly to the Chairman of the Audit Committee and an independent member of SimCorpâs Board of Directors.</td></tr><tr><td colspan="4">http://www.simcorp.com/en/investor/whistleblower-policy</td></tr><tr><td colspan="4">NOMINATION AND REMUNERATION COMMITTEE</td></tr><tr><td colspan="4">Following the Annual General Meeting in March 2018, SimCorp formed a joint Nomination and Remuneration Committee. This committee assists the Board with oversight of the competence profile and composition of the Board, nomination of members and committees, succession plans for the Executive Management Board, remuneration packages and policies for the Board of Directors and Executive Management Board, and other tasks on an ad-hoc basis as decided by the Board. The Nomination and Remuneration Committee consists of four members elected by the Board on a one-year term by and among the Board of Directors. Further, SimCorpâs CEO is a regular attendee at meetings of the Nomination and Remuneration Committee. In 2018, the committee held three meetings.</td></tr><tr><td colspan="4">Exceptions from the Danish corporate governance recommendations</td></tr><tr><td colspan="4">Severance payments</td></tr><tr><td colspan="4">For three existing executive services agreements, the total severance pay during the notice period exceeds the recommended two yearsâ remuneration in the event of change of ownership as the severance payment is up to nine months, and the notice period is extended to 24 months for two executives and 36 months for one executive. In future agreements, SimCorp will ensure the total remuneration does not exceed the recommended threshold. Refer to page 37 for more details on severance payments.</td></tr><tr><td colspan="4">Vesting period for restricted stock units</td></tr><tr><td colspan="4">The long-term incentive program (LTIP) for the Executive Management Board includes variable components in the form of restricted stock units with a vesting period below three years. From the financial year 2019, SimCorp will follow the recommendation to keep the vesting period to a minimum of three years.</td></tr><tr><td colspan="4">AUDIT COMMITTEE</td></tr><tr><td colspan="4">The Audit Committee is responsible for assisting the Board of Directors by monitoring SimCorpâs financial reporting, its financial internal control and financial risks, as well as the quality, effectiveness, and independence of the external audit for the SimCorp Group of companies. The Audit Committee consists of three members elected by the Board on a one-year term by and among the Board of Directors. The Audit Committee meets as often as it and its Chairman deem necessary, however, at a minimum, the Committee will meet four times a year at appropriate times in the reporting and audit cycle. In 2018, four meetings were held.</td></tr><tr><td colspan="4">Pursuant to the Danish corporate governance recommendations, it is recommended that the majority of the members of the Committee qualify as independent and the committee should possess the necessary financial expertise. The members of the Audit Committee are shown in the table on the left-hand side. See SimCorpâs Corporate Governance Guidelines for a full description of the Audit Committeeâs activities.</td></tr><tr><td colspan="4">External auditor â tasks, objectivity, and independence</td></tr><tr><td colspan="4">The Audit Committee reviews and monitors the companyâs ongoing relations with and the independence of the external auditors. Based on recommendations from the Audit Committee and the external auditors, the Board of Directors decides whether there are areas to which the external auditors should pay special attention.</td></tr><tr><td colspan="4">AUDITOR FEE</td></tr><tr><td>EUR '000</td><td>2018</td><td>2017</td></tr><tr><td>Audit fees</td><td>346</td><td>422</td></tr><tr><td>Other service with assurance fees</td><td>-</td><td>17</td></tr><tr><td>Tax and VAT advice fees</td><td>41</td><td>47</td></tr><tr><td>Other service fees</td><td>45</td><td>109</td></tr><tr><td>Total auditor fee</td><td>432</td><td>595</td></tr><tr><td colspan="4">During the year, the Audit Committee has been informed about the external auditorâs policies and procedures for safeguarding its objectivity and independence, and the audit partners and firm rotation requirements have been routinely observed. During the year, the Committee has approved audit-related and non-audit related services fees according to the Audit Committee guidelines for approval of non-audit services. Audit fees include the audit of the consolidated and local financial statements as well as services related to the audit of the adoption and interpretation of new IFRS regulations.</td></tr><tr><td colspan="4">Other ongoing activities</td></tr><tr><td colspan="4">As part of its annual wheel activities, the Audit Committee reviews SimCorpâs accounting policies, compliance with reporting requirements, risk policy and assessment, internal controls, whistleblower policy, insurance principles, and interim reports. It does deep-dives into specific topics, for example, risk associated with long-term contracts.</td></tr><tr><td colspan="4">Assessment</td></tr><tr><td colspan="4">During 2018, the SimCorp Audit Committee was satisfied with auditor independence, and with the management of risks within the areas it monitors for the Board of Directors.</td></tr></table></mrv:CorporateGovernanceReport>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">CORPORATE SOCIAL RESPONSIBILITY</td></tr><tr><td colspan="1">Statement on corporate social responsibility, cf. Section 99 a of the Danish Financial Statements Act</td></tr><tr><td colspan="1">http://www.simcorp.com/corporate-governance</td></tr><tr><td colspan="1">Corporate social responsibility (CSR) in SimCorp is firmly based on the Groupâs core values and âCorporate Governance Guidelinesâ as adopted by the Board of Directors. SimCorpâs commitment to corporate sustainable development is based on combining financial performance with socially responsible behavior and environmental awareness.</td></tr><tr><td colspan="1">SimCorpâs approach to CSR is described through different elements of its business behavior guidelines, including the companyâs âGuideline for Good Business Behavior 2018â, âDiversity and Inclusion Policyâ (see âDiversity Report 2018â), âRemuneration Guidelines 2018â and âCorporate Governance Guidelines 2018â, which include policies and principles for employees, ethics, human rights, suppliers, the environment, stakeholder engagement, governance, bribery and anti-corruption that aim to maintain its professional and commercial relations with internal and external stakeholders based on mutual respect.</td></tr><tr><td colspan="1">http://www.simcorp.com/corporate-governance</td></tr><tr><td colspan="1">SimCorp contributes to specific UN Sustainable Development targets and our results on a range of non-financial metrics are reported in the Corporate Social Responsibility Statement and ESG Report 2018.</td></tr><tr><td colspan="1">SimCorp maintains high standards when it comes to confidentiality and protection of personal data. This is ensured through compliance with technical data security standards and processes, as well as ongoing education of the employees in how to handle data in accordance with legislative requirements and confidentiality. A framework is in place to ensure that SimCorp complies with the General Data Protection Regulation (GDPR).</td></tr><tr><td colspan="1">Regarding the environment, SimCorp promotes responsibility and use of environmental-friendly technologies, especially electricity, heat-related energy, and CO2, which are the key environmental factors affected by SimCorpâs business model (see page 12). As an example, SimCorpâs travel policy guides SimCorp employees to replace travel activity by video conferences whenever possible. A statutory energy report is conducted as and when required in accordance with EU law.</td></tr><tr><td colspan="1">Due to the nature of its business model and its associated risks, SimCorp does not have a specific human rights policy. SimCorpâs approach to human rights is based on our corporate value statement: âwe are determined, enthusiastic, and perform with integrity â togetherâ that is also the foundation for our business relationship with suppliers. It is part of the procurement process that suppliers are requested to confirm adherence to a number of principles, including compliance with the UN convention on child labor, article 32.1, and the respect for an equal status between the sexes and between persons of different races and religion. Further, SimCorp does not accept products and services which have directly or indirectly been designed, manufactured, produced, or procured in contravention of local environmental legislation or other legislation, or by means of corruption, bribery, or other fraudulent behavior.</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">DIVERSITY</td></tr><tr><td colspan="1">Report on the underrepresented gender, cf. Section 99 b of the Danish Financial Statements Act</td></tr><tr><td colspan="1">http://www.simcorp.com/corporate-governance</td></tr><tr><td colspan="1">As decribed in its Diversity and Inclusion Policy, SimCorp aims to promote diversity, including a reasonable representation of both genders at Board and management level. This goal is based on a wish to strengthen the versatility and total competences of the business and to improve decision-making processes.</td></tr><tr><td colspan="1">Regarding the Board, it was the companyâs target to have at least two directors of the underrepresented gender elected by the shareholders in 2018. With the election of Joan A. Binstock and Morten Hübbe as Board members in 2018, only one of the seven shareholder-elected directors is of the underrepresented gender, which means the target figure has not yet been reached. It is SimCorpâs goal to reach the target over the next two years.</td></tr><tr><td colspan="1">It is SimCorpâs goal that the proportion of women in the total management team reflects the overall proportion in the SimCorp Group. Activities to reach this goal is described in the Diversity Report 2018. At the end of 2018, the total management team comprises 69.0% (2017: 70.9%) men and 31.0% (2017: 29.1%) women.</td></tr><tr><td colspan="1">Overall, SimCorpâs staff comprises 67.0% (2017: 66.8%) men and 33.0% (2017: 33.2%) women.</td></tr></table></mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">STATEMENT BY THE BOARD OF DIRECTORS AND THE EXECUTIVE MANAGEMENT BOARD</td></tr></table></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:IdentificationOfApprovedAnnualReport contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Board of Directors and the Executive Management Board have today considered and approved the annual report for 2018 of SimCorp A/S.</td></tr></table></sob:IdentificationOfApprovedAnnualReport>
<sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report has been prepared in accordance with the International Financial Reporting Standards as adopted by the EU and further requirements according to the Danish Financial Statements Acts.</td></tr></table></sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement>
<sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the Groupâs and the parent companyâs assets, liabilities and financial position as of December 31, 2018 and of the results of the parent companyâs and the Groupâs operations and cash flows for the financial year January 1 to December 31, 2018.</td></tr></table></sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults>
<sob:ManagementsStatementAboutManagementsReview contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion the Management report gives a true and fair view of developments in the activities and financial position of the Group and the parent company, the results for the year and the financial position of the Group and the parent company, as well as a description of the significant risk and uncertainty factors that may affect the Group and the parent company.</td></tr></table></sob:ManagementsStatementAboutManagementsReview>
<sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the annual report be adopted by the shareholders at the annual general meeting.</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<sob:PlaceOfSignatureOfStatement contextRef="ctx1" xml:lang="da">Copenhagen</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx1">2019-02-20</sob:DateOfApprovalOfAnnualReport>
<arr:IndependentAuditorsReportsAudit contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">INDEPENDENT AUDITOR'S REPORT</td></tr></table></arr:IndependentAuditorsReportsAudit>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of SimCorp A/S</td></tr></table></arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Our opinion</td></tr><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the Groupâs and the parent companyâs financial position at 31 December 2018 and of the results of the Groupâs and parent companyâs operations and cash flows for the financial year 1 January to 31 December 2018 in accordance with International Financial Reporting Standards as adopted by the EU and further requirements in the Danish Financial statements Act.</td></tr><tr><td colspan="1">Our opinion is consistent with our additional report to the Audit Committee and the Board of Directors.</td></tr><tr><td colspan="1">What we have audited</td></tr><tr><td colspan="1">SimCorpâs consolidated financial statements and the parent company financial statements for the financial year January 1 to December 31, 2018, comprise income statement, statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes to the financial statements, including summary of significant accounting policies for the Group as well as for the Parent Company Collectively referred to as the âfinancial statementsâ.</td></tr></table></arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">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 Auditorâs Responsibilities for the Audit of the Financial Statements section of our report.</td></tr><tr><td colspan="1">We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr><tr><td colspan="1">Independence</td></tr><tr><td colspan="1">We are independent of the Group in accordance with International Ethics Standards Board for Accountantsâ Code of Ethics for Professional Accountants (IESBA Code) and the ethical requirements that are relevant to our audit of the financial statements in Denmark. We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code.</td></tr><tr><td colspan="1">To the best of our knowledge and belief, we declare that non-audit services that we have provided to the Group and the Parent Company are in accordance with the applicable law and regulations in Denmark and that we have not provided non-audit services that are prohibited under Article 5(1) of Regulation (EU) No 537/2014.</td></tr><tr><td colspan="1">Appointment</td></tr><tr><td colspan="1">We were appointed as auditors of the group for the first time on March 31, 2014. Our appointment has been renewed annually by shareholder resolution representing a total period of uninterrupted engagement appointment of 5 years.</td></tr></table></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Key audit matters</td></tr><tr><td colspan="1">the financial statements for 2018. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.</td></tr><tr><td colspan="1">KEY AUDIT MATTER</td></tr><tr><td colspan="1">Revenue recognition</td></tr><tr><td colspan="1">The Group and the parent company provide its products and services to clients in bundled packages as multi-element contracts, and recognition of revenue is subject to the inherent complexities in the software industry.</td></tr><tr><td colspan="1">Revenue is recognized when control is passed and if the revenue criteria for recognizing revenue over time or at a point of time have been met.</td></tr><tr><td colspan="1">We focused on this area due to the judgmental and complex nature of revenue recognition for multiple element arrangements that include identification of performance obligations in the contracts and allocation of the relative standalone selling prices to the identified performance obligations.</td></tr><tr><td colspan="1">Further, we focused on deferral of revenue, presentation in the balance sheet of contracts assets and revenue recognition for fixed fee and time and material projects due to the inherent estimation uncertainty.</td></tr><tr><td colspan="1">Refer to note 2.1 âRevenueâ, 2.2 âSegment and other revenue informationâ and 2.3 âFuture performance obligationsâ and note 5.2 âContract balancesâ in the Consolidated Financial Statements and note 2.1 âRevenueâ, 2.2 âFuture performance obligationsâ and note 5.2 âContract balancesâ in the parent company financial statements.</td></tr><tr><td colspan="1">HOW OUR AUDIT ADDRESSED THE KEY AUDIT MATTER</td></tr><tr><td colspan="1">We assessed the design and implementation of the controls over the Groupâs revenue cycle.</td></tr><tr><td colspan="1">We tested relevant controls including applicable information systems and Managementâs review controls.</td></tr><tr><td colspan="1">For multi-element contracts, we obtained and evaluated Managementâs allocation of revenue to the specific performance obligations identified in the contracts and assessed the allocation of the standalone selling prices to the performance obligations including rebates, discounts, allowances and inherent interests.</td></tr><tr><td colspan="1">For revenue recognized we obtained and evaluated Managements assessment that customers has the ability to direct use and obtain substantially all benefits for the licenses transferred. For revenue recognized point in time we obtained and evaluated Managementâs documentation for right to payment and that the licenses has been transferred and made available to the customer. For revenue recognized over time we obtained Managements assessment that customers over time consumes and benefit from the services delivered.</td></tr><tr><td colspan="1">We assessed the percentage of completion on specific fixed fee and time and material projects based on Management reports, project estimates and interview of project managers. We also assessed the outcome of prior period estimates.</td></tr><tr><td colspan="1">KEY AUDIT MATTER</td></tr><tr><td colspan="1">Accounting for taxation</td></tr><tr><td colspan="1">The Group operates in a complex multinational tax environment and there are open tax and transfer pricing cases with domestic and foreign tax authorities.</td></tr><tr><td colspan="1">We focused on this area as the amounts involved are potentially material and the valuation of tax assets and liabilities are associated with uncertainty and judgement.</td></tr><tr><td colspan="1">Refer to note 3.1 âIncome taxâ, 3.2 âDeferred taxâ and 3.3 âIncome tax payableâ in the consolidated financial statements as well as in the parent company financial statements.</td></tr><tr><td colspan="1">HOW OUR AUDIT ADDRESSED THE KEY AUDIT MATTER</td></tr><tr><td colspan="1">In understanding and evaluating Managementâs judgements, we considered the status of recent and current tax authority audits and enquiries, the outcome of previous claims, judgmental positions taken in tax returns and current year estimates and developments in the tax environment.</td></tr><tr><td colspan="1">In addition, we used our own local and international tax specialists, evaluated the adequacy of Managementâs key assumptions and read correspondence with tax authorities to assess the valuation of tax assets and liabilities.</td></tr></table></arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Reporting on Management's Review</td></tr><tr><td colspan="1">Management is responsible for Managementâs Review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management Review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read the Management Review and, in doing so, consider whether the Management Review is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, we considered whether Managementâs Review includes the disclosures required by the Danish Financial statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, in our view, the Management Review is in accordance with the consolidated financial statements and the parent company financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement in the Management Review.</td></tr></table></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibilities for the Financial Statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with International Financial Reporting Standards as adopted by the EU and further requirements in 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.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the Groupâs and Parent companyâs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Management either intends to liquidate the Group or parent company, or to cease operations, or has no realistic alternative but to do so.</td></tr></table></arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditor's responsibilities for the audit of the Financial Statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorâs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these financial statements.</td></tr><tr><td colspan="1">As part of an audit in accordance with ISAs and additional applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit.</td></tr><tr><td colspan="1">We also</td></tr><tr><td colspan="1">â¢Â     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.</td></tr><tr><td colspan="1">â¢Â     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 Groupâs and the Companyâs internal control.</td></tr><tr><td colspan="1">â¢Â     Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">â¢Â     Conclude on the appropriateness of Managementâs use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Groupâs and the parent companyâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorâs report. However, future events or conditions may cause the Group or the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">â¢Â     Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.</td></tr><tr><td colspan="1">â¢Â     Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.</td></tr><tr><td colspan="1">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.</td></tr><tr><td colspan="1">We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.</td></tr><tr><td colspan="1">From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditorâs report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="da">Copenhagen</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2019-02-20</arr:SignatureOfAuditorsDate>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx1">Ã
rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">33771231</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx1" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="da">Strandvejen 44</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="da">2900 Hellerup</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx1">2017-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx1">2017-12-31</gsd:PredingReportingPeriodEndDate>
<cmn:TypeOfAuditorAssistance contextRef="ctx1">Revisionspåtegning</cmn:TypeOfAuditorAssistance>
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<ifrs-dk:IncomeTaxRelatingToDefinedBenefitPlansOfOtherComprehensiveIncome contextRef="ctx2" unitRef="vEUR" decimals="-3">-33000</ifrs-dk:IncomeTaxRelatingToDefinedBenefitPlansOfOtherComprehensiveIncome>
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<ifrs-dk:Equipment contextRef="ctx4" unitRef="vEUR" decimals="-3">1277000</ifrs-dk:Equipment>
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<ifrs-full:PropertyPlantAndEquipment contextRef="ctx4" unitRef="vEUR" decimals="-3">5528000</ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:InvestmentsInAssociates contextRef="ctx4" unitRef="vEUR" decimals="-3">854000</ifrs-full:InvestmentsInAssociates>
<ifrs-dk:OtherNoncurrentReceivablesDeposits contextRef="ctx4" unitRef="vEUR" decimals="-3">1995000</ifrs-dk:OtherNoncurrentReceivablesDeposits>
<ifrs-full:DeferredTaxAssets contextRef="ctx4" unitRef="vEUR" decimals="-3">3123000</ifrs-full:DeferredTaxAssets>
<ifrs-full:NoncurrentAssets contextRef="ctx4" unitRef="vEUR" decimals="-3">55756000</ifrs-full:NoncurrentAssets>
<easyx:EasyX_1579466933 contextRef="ctx4" unitRef="vEUR" decimals="-3">86080000</easyx:EasyX_1579466933>
<easyx:EasyX_1738729467 contextRef="ctx4" unitRef="vEUR" decimals="-3">49946000</easyx:EasyX_1738729467>
<ifrs-full:CurrentTaxAssetsCurrent contextRef="ctx4" unitRef="vEUR" decimals="-3">1387000</ifrs-full:CurrentTaxAssetsCurrent>
<ifrs-full:CurrentPrepayments contextRef="ctx4" unitRef="vEUR" decimals="-3">6035000</ifrs-full:CurrentPrepayments>
<ifrs-full:Cash contextRef="ctx4" unitRef="vEUR" decimals="-3">31412000</ifrs-full:Cash>
<ifrs-full:CurrentAssets contextRef="ctx4" unitRef="vEUR" decimals="-3">174860000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx4" unitRef="vEUR" decimals="-3">230616000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx4" unitRef="vEUR" decimals="-3">5467000</ifrs-full:IssuedCapital>
<ifrs-full:SharePremium contextRef="ctx4" unitRef="vEUR" decimals="-3">9963000</ifrs-full:SharePremium>
<ifrs-full:ReserveOfChangeInValueOfForeignCurrencyBasisSpreads contextRef="ctx4" unitRef="vEUR" decimals="-3">-3170000</ifrs-full:ReserveOfChangeInValueOfForeignCurrencyBasisSpreads>
<ifrs-full:RetainedEarnings contextRef="ctx4" unitRef="vEUR" decimals="-3">69751000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx4" unitRef="vEUR" decimals="-3">34570000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx4" unitRef="vEUR" decimals="-3">116581000</ifrs-full:Equity>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx4" unitRef="vEUR" decimals="-3">8514000</ifrs-full:DeferredTaxLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx4" unitRef="vEUR" decimals="-3">8025000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx4" unitRef="vEUR" decimals="-3">16539000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentBankLoans contextRef="ctx4" unitRef="vEUR" decimals="-3">30000000</ifrs-dk:CurrentBankLoans>
<ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="ctx4" unitRef="vEUR" decimals="-3">11969000</ifrs-dk:CurrentPrepaymentsFromCustomers>
<easyx:EasyX_1973082250 contextRef="ctx4" unitRef="vEUR" decimals="-3">50358000</easyx:EasyX_1973082250>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx4" unitRef="vEUR" decimals="-3">4976000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentProvisions contextRef="ctx4" unitRef="vEUR" decimals="-3">193000</ifrs-full:CurrentProvisions>
<ifrs-full:CurrentLiabilities contextRef="ctx4" unitRef="vEUR" decimals="-3">97496000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx4" unitRef="vEUR" decimals="-3">114035000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx4" unitRef="vEUR" decimals="-3">230616000</ifrs-full:EquityAndLiabilities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx4" unitRef="vEUR" decimals="-3">31412000</ifrs-full:CashAndCashEquivalents>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx5" xml:lang="da">Profit for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx5" unitRef="vEUR" decimals="-3">76971000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx6" xml:lang="da">Profit for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx6" unitRef="vEUR" decimals="-3">66497000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx7" xml:lang="da">Changes in contract assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx7" unitRef="vEUR" decimals="-3">-35738000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx8" xml:lang="da">Changes in contract assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx8" unitRef="vEUR" decimals="-3">-21922000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx9" xml:lang="da">Cash from operating activities before financial items</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx9" unitRef="vEUR" decimals="-3">104825000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx10" xml:lang="da">Cash from operating activities before financial items</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx10" unitRef="vEUR" decimals="-3">70549000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx11" xml:lang="da">Deferred payment, purchase of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx11" unitRef="vEUR" decimals="-3">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx12" xml:lang="da">Deferred payment, purchase of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx12" unitRef="vEUR" decimals="-3">-2931000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx13" xml:lang="da">Dividends from associates</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx13" unitRef="vEUR" decimals="-3">43000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx14" xml:lang="da">Dividends from associates</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx14" unitRef="vEUR" decimals="-3">86000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx15" unitRef="vEUR" decimals="-3">31412000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx16" unitRef="vEUR" decimals="-3">31590000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:Revenue contextRef="ctx17" unitRef="vEUR" decimals="-3">198661000</ifrs-full:Revenue>
<ifrs-full:CostOfSales contextRef="ctx17" unitRef="vEUR" decimals="-3">67302000</ifrs-full:CostOfSales>
<ifrs-full:GrossProfit contextRef="ctx17" unitRef="vEUR" decimals="-3">131359000</ifrs-full:GrossProfit>
<ifrs-full:OtherIncome contextRef="ctx17" unitRef="vEUR" decimals="-3">29154000</ifrs-full:OtherIncome>
<ifrs-full:ResearchAndDevelopmentExpense contextRef="ctx17" unitRef="vEUR" decimals="-3">46781000</ifrs-full:ResearchAndDevelopmentExpense>
<ifrs-dk:SalesCostAndDistributionsCosts contextRef="ctx17" unitRef="vEUR" decimals="-3">11420000</ifrs-dk:SalesCostAndDistributionsCosts>
<ifrs-full:AdministrativeExpense contextRef="ctx17" unitRef="vEUR" decimals="-3">25256000</ifrs-full:AdministrativeExpense>
<ifrs-full:ProfitLossFromOperatingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">77056000</ifrs-full:ProfitLossFromOperatingActivities>
<ifrs-full:FinanceIncome contextRef="ctx17" unitRef="vEUR" decimals="-3">20642000</ifrs-full:FinanceIncome>
<ifrs-full:FinanceCosts contextRef="ctx17" unitRef="vEUR" decimals="-3">4606000</ifrs-full:FinanceCosts>
<ifrs-full:ProfitLossBeforeTax contextRef="ctx17" unitRef="vEUR" decimals="-3">93092000</ifrs-full:ProfitLossBeforeTax>
<ifrs-full:IncomeTaxExpenseContinuingOperations contextRef="ctx17" unitRef="vEUR" decimals="-3">18437000</ifrs-full:IncomeTaxExpenseContinuingOperations>
<ifrs-full:ProfitLoss contextRef="ctx17" unitRef="vEUR" decimals="-3">74655000</ifrs-full:ProfitLoss>
<ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax contextRef="ctx17" unitRef="vEUR" decimals="-3">-399000</ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax>
<ifrs-full:OtherComprehensiveIncome contextRef="ctx17" unitRef="vEUR" decimals="-3">-399000</ifrs-full:OtherComprehensiveIncome>
<ifrs-full:ComprehensiveIncome contextRef="ctx17" unitRef="vEUR" decimals="-3">74256000</ifrs-full:ComprehensiveIncome>
<ifrs-full:OtherAdjustmentsForNoncashItems contextRef="ctx17" unitRef="vEUR" decimals="-3">14406000</ifrs-full:OtherAdjustmentsForNoncashItems>
<ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital contextRef="ctx17" unitRef="vEUR" decimals="-3">-8038000</ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">681000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">503000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">14504000</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">64967000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">143000</ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">112000</ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">1355000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">13000</ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities>
<ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">0</ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">14268000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">79235000</ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities>
<ifrs-full:DividendsPaidClassifiedAsFinancingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">34444000</ifrs-full:DividendsPaidClassifiedAsFinancingActivities>
<ifrs-dk:PurchaseSaleOfTreasuryAssets contextRef="ctx17" unitRef="vEUR" decimals="-3">0</ifrs-dk:PurchaseSaleOfTreasuryAssets>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">0</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">30000000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="ctx17" unitRef="vEUR" decimals="-3">-64444000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-dk:CashFlowsFromDiscontinuedOperations contextRef="ctx17" unitRef="vEUR" decimals="-3">0</ifrs-dk:CashFlowsFromDiscontinuedOperations>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="ctx17" unitRef="vEUR" decimals="-3">14791000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="ctx17" unitRef="vEUR" decimals="-3">27000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
<ifrs-full:Revenue contextRef="ctx18" unitRef="vEUR" decimals="-3">174480000</ifrs-full:Revenue>
<ifrs-full:CostOfSales contextRef="ctx18" unitRef="vEUR" decimals="-3">56303000</ifrs-full:CostOfSales>
<ifrs-full:GrossProfit contextRef="ctx18" unitRef="vEUR" decimals="-3">118177000</ifrs-full:GrossProfit>
<ifrs-full:OtherIncome contextRef="ctx18" unitRef="vEUR" decimals="-3">25742000</ifrs-full:OtherIncome>
<ifrs-full:ResearchAndDevelopmentExpense contextRef="ctx18" unitRef="vEUR" decimals="-3">45969000</ifrs-full:ResearchAndDevelopmentExpense>
<ifrs-dk:SalesCostAndDistributionsCosts contextRef="ctx18" unitRef="vEUR" decimals="-3">9067000</ifrs-dk:SalesCostAndDistributionsCosts>
<ifrs-full:AdministrativeExpense contextRef="ctx18" unitRef="vEUR" decimals="-3">23680000</ifrs-full:AdministrativeExpense>
<ifrs-full:ProfitLossFromOperatingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">65203000</ifrs-full:ProfitLossFromOperatingActivities>
<ifrs-full:FinanceIncome contextRef="ctx18" unitRef="vEUR" decimals="-3">14526000</ifrs-full:FinanceIncome>
<ifrs-full:FinanceCosts contextRef="ctx18" unitRef="vEUR" decimals="-3">3769000</ifrs-full:FinanceCosts>
<ifrs-full:ProfitLossBeforeTax contextRef="ctx18" unitRef="vEUR" decimals="-3">75960000</ifrs-full:ProfitLossBeforeTax>
<ifrs-full:IncomeTaxExpenseContinuingOperations contextRef="ctx18" unitRef="vEUR" decimals="-3">15535000</ifrs-full:IncomeTaxExpenseContinuingOperations>
<ifrs-full:ProfitLoss contextRef="ctx18" unitRef="vEUR" decimals="-3">60425000</ifrs-full:ProfitLoss>
<ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax contextRef="ctx18" unitRef="vEUR" decimals="-3">-148000</ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax>
<ifrs-full:OtherComprehensiveIncome contextRef="ctx18" unitRef="vEUR" decimals="-3">-148000</ifrs-full:OtherComprehensiveIncome>
<ifrs-full:ComprehensiveIncome contextRef="ctx18" unitRef="vEUR" decimals="-3">60277000</ifrs-full:ComprehensiveIncome>
<ifrs-full:OtherAdjustmentsForNoncashItems contextRef="ctx18" unitRef="vEUR" decimals="-3">14045000</ifrs-full:OtherAdjustmentsForNoncashItems>
<ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital contextRef="ctx18" unitRef="vEUR" decimals="-3">-26101000</ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">530000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">314000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">10549000</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">38752000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">0</ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">1362000</ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">486000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">37000</ifrs-full:PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities>
<ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">29000</ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">-21324000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">17428000</ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities>
<ifrs-full:DividendsPaidClassifiedAsFinancingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">33235000</ifrs-full:DividendsPaidClassifiedAsFinancingActivities>
<ifrs-dk:PurchaseSaleOfTreasuryAssets contextRef="ctx18" unitRef="vEUR" decimals="-3">25059000</ifrs-dk:PurchaseSaleOfTreasuryAssets>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">30000000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">0</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="ctx18" unitRef="vEUR" decimals="-3">-28294000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-dk:CashFlowsFromDiscontinuedOperations contextRef="ctx18" unitRef="vEUR" decimals="-3">0</ifrs-dk:CashFlowsFromDiscontinuedOperations>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="ctx18" unitRef="vEUR" decimals="-3">-10866000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="ctx18" unitRef="vEUR" decimals="-3">28000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
<ifrs-full:ComputerSoftware contextRef="ctx19" unitRef="vEUR" decimals="-3">431000</ifrs-full:ComputerSoftware>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="ctx19" unitRef="vEUR" decimals="-3">431000</ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-dk:LeaseholdImprovements contextRef="ctx19" unitRef="vEUR" decimals="-3">612000</ifrs-dk:LeaseholdImprovements>
<ifrs-dk:Equipment contextRef="ctx19" unitRef="vEUR" decimals="-3">854000</ifrs-dk:Equipment>
<easyx:EasyX_855377912 contextRef="ctx19" unitRef="vEUR" decimals="-3">8000</easyx:EasyX_855377912>
<ifrs-full:PropertyPlantAndEquipment contextRef="ctx19" unitRef="vEUR" decimals="-3">1474000</ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:InvestmentsInSubsidiaries contextRef="ctx19" unitRef="vEUR" decimals="-3">75102000</ifrs-full:InvestmentsInSubsidiaries>
<ifrs-full:InvestmentsInAssociates contextRef="ctx19" unitRef="vEUR" decimals="-3">157000</ifrs-full:InvestmentsInAssociates>
<ifrs-dk:OtherNoncurrentReceivablesDeposits contextRef="ctx19" unitRef="vEUR" decimals="-3">1569000</ifrs-dk:OtherNoncurrentReceivablesDeposits>
<ifrs-full:NoncurrentAssets contextRef="ctx19" unitRef="vEUR" decimals="-3">78733000</ifrs-full:NoncurrentAssets>
<easyx:EasyX_1579466933 contextRef="ctx19" unitRef="vEUR" decimals="-3">92918000</easyx:EasyX_1579466933>
<easyx:EasyX_1738729467 contextRef="ctx19" unitRef="vEUR" decimals="-3">6235000</easyx:EasyX_1738729467>
<ifrs-full:CurrentPrepayments contextRef="ctx19" unitRef="vEUR" decimals="-3">3132000</ifrs-full:CurrentPrepayments>
<ifrs-full:Cash contextRef="ctx19" unitRef="vEUR" decimals="-3">23683000</ifrs-full:Cash>
<ifrs-full:CurrentAssets contextRef="ctx19" unitRef="vEUR" decimals="-3">125968000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx19" unitRef="vEUR" decimals="-3">204701000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx19" unitRef="vEUR" decimals="-3">5441000</ifrs-full:IssuedCapital>
<ifrs-full:SharePremium contextRef="ctx19" unitRef="vEUR" decimals="-3">9963000</ifrs-full:SharePremium>
<ifrs-full:RetainedEarnings contextRef="ctx19" unitRef="vEUR" decimals="-3">102139000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx19" unitRef="vEUR" decimals="-3">35934000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx19" unitRef="vEUR" decimals="-3">153477000</ifrs-full:Equity>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">7753000</ifrs-full:DeferredTaxLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx19" unitRef="vEUR" decimals="-3">1811000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">9564000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentBankLoans contextRef="ctx19" unitRef="vEUR" decimals="-3">0</ifrs-dk:CurrentBankLoans>
<ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="ctx19" unitRef="vEUR" decimals="-3">1649000</ifrs-dk:CurrentPrepaymentsFromCustomers>
<easyx:EasyX_1973082250 contextRef="ctx19" unitRef="vEUR" decimals="-3">38974000</easyx:EasyX_1973082250>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx19" unitRef="vEUR" decimals="-3">997000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentProvisions contextRef="ctx19" unitRef="vEUR" decimals="-3">40000</ifrs-full:CurrentProvisions>
<ifrs-full:CurrentLiabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">41660000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">51224000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx19" unitRef="vEUR" decimals="-3">204701000</ifrs-full:EquityAndLiabilities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx19" unitRef="vEUR" decimals="-3">23683000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:ComputerSoftware contextRef="ctx20" unitRef="vEUR" decimals="-3">2354000</ifrs-full:ComputerSoftware>
<ifrs-full:IntangibleAssetsAndGoodwill contextRef="ctx20" unitRef="vEUR" decimals="-3">2354000</ifrs-full:IntangibleAssetsAndGoodwill>
<ifrs-dk:LeaseholdImprovements contextRef="ctx20" unitRef="vEUR" decimals="-3">248000</ifrs-dk:LeaseholdImprovements>
<ifrs-dk:Equipment contextRef="ctx20" unitRef="vEUR" decimals="-3">713000</ifrs-dk:Equipment>
<easyx:EasyX_855377912 contextRef="ctx20" unitRef="vEUR" decimals="-3">12000</easyx:EasyX_855377912>
<ifrs-full:PropertyPlantAndEquipment contextRef="ctx20" unitRef="vEUR" decimals="-3">973000</ifrs-full:PropertyPlantAndEquipment>
<ifrs-full:InvestmentsInSubsidiaries contextRef="ctx20" unitRef="vEUR" decimals="-3">75119000</ifrs-full:InvestmentsInSubsidiaries>
<ifrs-full:InvestmentsInAssociates contextRef="ctx20" unitRef="vEUR" decimals="-3">161000</ifrs-full:InvestmentsInAssociates>
<ifrs-dk:OtherNoncurrentReceivablesDeposits contextRef="ctx20" unitRef="vEUR" decimals="-3">1561000</ifrs-dk:OtherNoncurrentReceivablesDeposits>
<ifrs-full:NoncurrentAssets contextRef="ctx20" unitRef="vEUR" decimals="-3">80168000</ifrs-full:NoncurrentAssets>
<easyx:EasyX_1579466933 contextRef="ctx20" unitRef="vEUR" decimals="-3">76379000</easyx:EasyX_1579466933>
<easyx:EasyX_1738729467 contextRef="ctx20" unitRef="vEUR" decimals="-3">4505000</easyx:EasyX_1738729467>
<ifrs-full:CurrentPrepayments contextRef="ctx20" unitRef="vEUR" decimals="-3">3045000</ifrs-full:CurrentPrepayments>
<ifrs-full:Cash contextRef="ctx20" unitRef="vEUR" decimals="-3">8865000</ifrs-full:Cash>
<ifrs-full:CurrentAssets contextRef="ctx20" unitRef="vEUR" decimals="-3">92794000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx20" unitRef="vEUR" decimals="-3">172962000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx20" unitRef="vEUR" decimals="-3">5467000</ifrs-full:IssuedCapital>
<ifrs-full:SharePremium contextRef="ctx20" unitRef="vEUR" decimals="-3">9963000</ifrs-full:SharePremium>
<ifrs-full:RetainedEarnings contextRef="ctx20" unitRef="vEUR" decimals="-3">53617000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx20" unitRef="vEUR" decimals="-3">34570000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx20" unitRef="vEUR" decimals="-3">103617000</ifrs-full:Equity>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">3929000</ifrs-full:DeferredTaxLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx20" unitRef="vEUR" decimals="-3">1668000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">5597000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentBankLoans contextRef="ctx20" unitRef="vEUR" decimals="-3">30000000</ifrs-dk:CurrentBankLoans>
<ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="ctx20" unitRef="vEUR" decimals="-3">258000</ifrs-dk:CurrentPrepaymentsFromCustomers>
<easyx:EasyX_1973082250 contextRef="ctx20" unitRef="vEUR" decimals="-3">31822000</easyx:EasyX_1973082250>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx20" unitRef="vEUR" decimals="-3">1668000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentProvisions contextRef="ctx20" unitRef="vEUR" decimals="-3">0</ifrs-full:CurrentProvisions>
<ifrs-full:CurrentLiabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">63748000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">69345000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx20" unitRef="vEUR" decimals="-3">172962000</ifrs-full:EquityAndLiabilities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx20" unitRef="vEUR" decimals="-3">8865000</ifrs-full:CashAndCashEquivalents>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx21" xml:lang="da">Profit for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx21" unitRef="vEUR" decimals="-3">74655000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx22" xml:lang="da">Profit for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx22" unitRef="vEUR" decimals="-3">60425000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx23" xml:lang="da">Changes in contract assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx23" unitRef="vEUR" decimals="-3">-1730000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx24" xml:lang="da">Changes in contract assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx24" unitRef="vEUR" decimals="-3">716000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx25" xml:lang="da">Cash from operating activities before financial items</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx25" unitRef="vEUR" decimals="-3">79293000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx26" xml:lang="da">Cash from operating activities before financial items</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx26" unitRef="vEUR" decimals="-3">49085000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx27" xml:lang="da">Deferred payment, purchase of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx27" unitRef="vEUR" decimals="-3">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx28" xml:lang="da">Deferred payment, purchase of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx28" unitRef="vEUR" decimals="-3">-2931000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx29" xml:lang="da">Investment in subsidiary, net</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx29" unitRef="vEUR" decimals="-3">-208000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx30" xml:lang="da">Investment in subsidiary, net</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx30" unitRef="vEUR" decimals="-3">-28195000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx31" xml:lang="da">Dividends from associates</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx31" unitRef="vEUR" decimals="-3">22000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx32" xml:lang="da">Dividends from associates</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx32" unitRef="vEUR" decimals="-3">86000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx33" xml:lang="da">Dividends from subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx33" unitRef="vEUR" decimals="-3">15791000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx34" xml:lang="da">Dividends from subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx34" unitRef="vEUR" decimals="-3">11572000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx35" unitRef="vEUR" decimals="-3">8865000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx36" unitRef="vEUR" decimals="-3">19703000</ifrs-full:CashAndCashEquivalents>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx37" xml:lang="da">Klaus Holse</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx37" xml:lang="da">Chief Executive Officer</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx38" xml:lang="da">Georg Hetrodt</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx38" xml:lang="da">Chief Product Officer</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx39" xml:lang="da">Michael Rosenvold</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx39" xml:lang="da">Chief Financial Officer</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx40" xml:lang="da">Jesper Brandgaard</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx40" xml:lang="da">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx41" xml:lang="da">Peter Schütze</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx41" xml:lang="da">Vice-chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx42" xml:lang="da">Hervé Couturier</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx43" xml:lang="da">Simon Jeffreys</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx44" xml:lang="da">Vera Bergforth</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx45" xml:lang="da">Ulrik Elstrup Hansen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx46" xml:lang="da">Adam Warby</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx47" xml:lang="da">Else Braathen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx48" xml:lang="da">Joan Binstock</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx49" xml:lang="da">Morten Hübbe</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameOfAuditFirm contextRef="ctx50" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx50">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx50" xml:lang="da">Mikkel Sthyr</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx50" xml:lang="da">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<arr:IdentificationNumberOfAuditor contextRef="ctx50">mne26693</arr:IdentificationNumberOfAuditor>
<cmn:NameAndSurnameOfAuditor contextRef="ctx51" xml:lang="da">Rasmus Friis Jørgensen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx51" xml:lang="da">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<arr:IdentificationNumberOfAuditor contextRef="ctx51">mne28705</arr:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx51">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx51" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
</xbrli:xbrl>