Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2018-12-31 | 1571100000 | vUSD |
| ifrs-full:Assets | 2019-12-31 | 1742400000 | vUSD |
| ifrs-full:Assets | 2018-12-31 | 1464400000 | vUSD |
| ifrs-full:Assets | 2019-12-31 | 1844000000 | vUSD |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2019-01-01 | 2019-12-31 | 2583900000 | vUSD |
| ifrs-full:Revenue | 2018-01-01 | 2018-12-31 | 2451400000 | vUSD |
| ifrs-full:Revenue | 2019-01-01 | 2019-12-31 | 2432200000 | vUSD |
| ifrs-full:Revenue | 2018-01-01 | 2018-12-31 | 2253200000 | vUSD |
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/91985776/amNsb3VkczovLzAzLzQ5L2NiLzZmLzU3LzdhNjEtNGNmZS1hMjM1LTMwYmIxNTBjOTEyOA.xml
Separator
The full data:
<?xml version="1.0" encoding="UTF-8"?><!-- Version: 1.1.895.0 --><!-- Document created: 03-07-2020 09:03:13 --><!-- Created by: XBRL Wizard, EasyX --><xbrli:xbrl xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:entry01-ifrs-dk_2019-12-20="http://xbrl.dcca.dk/ifrs-dk/entry01-ifrs-dk_2019-12-20" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:ifrs-full="http://xbrl.ifrs.org/taxonomy/2014-03-05/ifrs-full" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:info="http://xbrl.iasb.org/info" xmlns:ifrs-mc="http://xbrl.ifrs.org/taxonomy/2014-03-05/ifrs-mc" xmlns:rol_ifrs-dk_105.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_105.00_2019-12-20" xmlns:tch="http://xbrl.dcca.dk/tch" xmlns:gen="http://xbrl.org/2008/generic" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:entry="http://entry" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:reference="http://xbrl.org/2008/reference" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:cmn="http://xbrl.dcca.dk/cmn" xmlns:label="http://xbrl.org/2008/label" xmlns:rol_ifrs-dk_110.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_110.00_2019-12-20" xmlns:rol_ifrs-dk_210.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_210.00_2019-12-20" xmlns:rol_ifrs-dk_320.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_320.00_2019-12-20" xmlns:rol_ifrs-dk_330.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_330.00_2019-12-20" xmlns:rol_ifrs-dk_420.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_420.00_2019-12-20" xmlns:rol_ifrs-dk_520.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_520.00_2019-12-20" xmlns:rol_ifrs-dk_610.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_610.00_2019-12-20" xmlns:rol_ifrs-dk_710.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_710.00_2019-12-20" xmlns:rol_ifrs-dk_8NN.NN_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_8NN.NN_2019-12-20" xmlns:rol_dim="http://xbrl.ifrs.org/role/ifrs/dimensions" xmlns:ifrs-dk="http://xbrl.dcca.dk/ifrs-dk-cor_2019-12-20" xmlns:entry-sob="http://xbrl.dcca.dk/entry-sob" xmlns:sob="http://xbrl.dcca.dk/sob" xmlns:rol_sob_300.00_2019-12-20="http://xbrl.dcca.dk/role/sob/rol_sob_300.00_2019-12-20" xmlns:cmn_rol="http://archprod.service.eogs.dk/taxonomy/20191220/cmn_rol.xsd" xmlns:rol_mrv_2019-12-20="http://xbrl.dcca.dk/role/mrv/rol_mrv_2019-12-20" xmlns:tax="http://xbrl.dcca.dk/tax" xmlns:gsd="http://xbrl.dcca.dk/gsd" xmlns:dst="http://xbrl.dcca.dk/dst" xmlns:ifrs-temp-entry="http://ifrs-temp-entry" xmlns:fsa="http://xbrl.dcca.dk/fsa" xmlns:rol_ps_mc_2014-03-05="http://xbrl.ifrs.org/role/ifrs/rol_ps_mc_2014-03-05" xmlns:mrv="http://xbrl.dcca.dk/mrv" xmlns:entry-mrv="http://xbrl.dcca.dk/entry-mrv" xmlns:mrvcsr="http://xbrl.dcca.dk/mrvcsr" xmlns:entry-gsd="http://xbrl.dcca.dk/entry-gsd" xmlns:ca="http://xbrl.org/2008/assertion/consistency" xmlns:fn="http://www.w3.org/2005/xpath-functions" xmlns:variable="http://xbrl.org/2008/variable" xmlns:xfi="http://www.xbrl.org/2008/function/instance" xmlns:cf="http://xbrl.org/2008/filter/concept" xmlns:valm="http://xbrl.org/2010/message/validation" xmlns:ea="http://xbrl.org/2008/assertion/existence" xmlns:rol_gsd_000.00_2019-12-20="http://xbrl.dcca.dk/role/gsd/rol_gsd_000.00_2019-12-20" xmlns:validation="http://xbrl.org/2008/validation" xmlns:formula="http://xbrl.org/2008/formula" xmlns:msg="http://xbrl.org/2010/message" xmlns:va="http://xbrl.org/2008/assertion/value" xmlns:entry-arr="http://xbrl.dcca.dk/entry-arr" xmlns:arr="http://xbrl.dcca.dk/arr" xmlns:rol_arr_1NN.NN_2019-12-20="http://xbrl.dcca.dk/role/arr/rol_arr_1NN.NN_2019-12-20" xmlns:rol_ifrs-dk_510.00_2019-12-20="http://xbrl.dcca.dk/role/ifrs-dk/rol_ifrs-dk_510.00_2019-12-20" xmlns:easy="http://www.easyx.dk/XBRL" xsi:schemaLocation="http://xbrl.org/2006/xbrldi http://www.xbrl.org/2006/xbrldi-2006.xsd">
<link:schemaRef xlink:type="simple" xlink:href="http://archprod.service.eogs.dk/taxonomy/extension/nord_20200703/nord_entry_20200703.xsd"/>
<xbrli:context id="ctx1">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="ctx2">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>0</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx3">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>1</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx4">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>2</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx5">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>3</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx6">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>4</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx7">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>5</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx8">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>6</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx9">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>7</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx10">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfSupervisoryBoardAxis">
<cmn:memberOfBoardIdentifier>8</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx11">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfExecutiveBoardAxis">
<cmn:memberOfBoardIdentifier>0</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx12">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfMemberOfExecutiveBoardAxis">
<cmn:memberOfBoardIdentifier>1</cmn:memberOfBoardIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx13">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2018-01-01</xbrli:startDate>
<xbrli:endDate>2018-12-31</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="ctx14">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>2019-12-31</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="ctx15">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>2018-12-31</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="ctx16">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInOperatingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>0</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx17">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2018-01-01</xbrli:startDate>
<xbrli:endDate>2018-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInOperatingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>1</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx18">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>0</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx19">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2018-01-01</xbrli:startDate>
<xbrli:endDate>2018-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>1</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx20">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>2</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx21">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2018-01-01</xbrli:startDate>
<xbrli:endDate>2018-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>3</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx22">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>4</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx23">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2018-01-01</xbrli:startDate>
<xbrli:endDate>2018-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>5</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx24">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>6</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx25">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2018-01-01</xbrli:startDate>
<xbrli:endDate>2018-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="ifrs-dk:IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension">
<ifrs-dk:componentOfCashFlowsIdentifier>7</ifrs-dk:componentOfCashFlowsIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx26">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>2019-01-01</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="ctx27">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>2018-01-01</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="ctx28">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="ifrs-full:ConsolidatedAndSeparateFinancialStatementsAxis">ifrs-full:SeparateMember</xbrldi:explicitMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx29">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2018-01-01</xbrli:startDate>
<xbrli:endDate>2018-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="ifrs-full:ConsolidatedAndSeparateFinancialStatementsAxis">ifrs-full:SeparateMember</xbrldi:explicitMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>2019-12-31</xbrli:instant>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="ifrs-full:ConsolidatedAndSeparateFinancialStatementsAxis">ifrs-full:SeparateMember</xbrldi:explicitMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>2018-12-31</xbrli:instant>
</xbrli:period>
<xbrli:scenario>
<xbrldi:explicitMember dimension="ifrs-full:ConsolidatedAndSeparateFinancialStatementsAxis">ifrs-full:SeparateMember</xbrldi:explicitMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx32">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfAuditorDimension">
<cmn:auditorIdentificer>0</cmn:auditorIdentificer>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx33">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">67758919</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfAuditorDimension">
<cmn:auditorIdentificer>1</cmn:auditorIdentificer>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:unit id="vUSD">
<xbrli:measure>iso4217:USD</xbrli:measure>
</xbrli:unit>
<xbrli:unit id="share">
<xbrli:measure>xbrli:shares</xbrli:measure>
</xbrli:unit>
<gsd:ReportingPeriodStartDate contextRef="ctx1">2019-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx1">2019-12-31</gsd:ReportingPeriodEndDate>
<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="1">corporate mattersâCorporate governance</td></tr><tr><td colspan="1">The Executive Management is responsible</td></tr><tr><td colspan="1">for the day-to-day management, organ-</td></tr><tr><td colspan="1">isation and development of NORDEN, for</td></tr><tr><td colspan="1">managing assets, liabilities and equity,</td></tr><tr><td colspan="1">accounting and reporting, and it also pre-</td></tr><tr><td colspan="1">pares and implements the strategy. The</td></tr><tr><td colspan="1">ongoing contact between the Board of</td></tr><tr><td colspan="1">Directors and the Executive Management</td></tr><tr><td colspan="1">is primarily handled by the Chairman and</td></tr><tr><td colspan="1">the CEO. The Executive Management par-</td></tr><tr><td colspan="1">ticipates in board meetings and is supple-</td></tr><tr><td colspan="1">mented by other managers in the strategy</td></tr><tr><td colspan="1">meetings and when relevant.</td></tr><tr><td colspan="1">The Board of Directors has a 1-year au-</td></tr><tr><td colspan="1">thority to acquire treasury shares at mar-</td></tr><tr><td colspan="1">ket price up to a nominal value not exceed-</td></tr><tr><td colspan="1">ing 10% of the share capital and a 5-year</td></tr><tr><td colspan="1">authority to increase the share capital by</td></tr><tr><td colspan="1">a nominal value of 10%. The latter is effec-</td></tr><tr><td colspan="1">tive until April 2021.</td></tr><tr><td colspan="1">The Articles of Association can be found</td></tr><tr><td colspan="1">on the Groupâs website. Generally, resolu-</td></tr><tr><td colspan="1">tions to amend the Articles of Association</td></tr><tr><td colspan="1">require a quorum of at least two-thirds of</td></tr><tr><td colspan="1">the voting share capital represented at a</td></tr><tr><td colspan="1">general meeting and a majority of at least</td></tr><tr><td colspan="1">two-thirds of the votes cast as well as of</td></tr><tr><td colspan="1">the voting share capital represented at</td></tr><tr><td colspan="1">such general meeting. In addition, certain</td></tr><tr><td colspan="1">resolutions on changes of the shareholdersâ</td></tr><tr><td colspan="1">dividend or voting rights or the transfer-</td></tr><tr><td colspan="1">ability of shares as set out in the Danish</td></tr><tr><td colspan="1">Companies Act require a special superma-</td></tr><tr><td colspan="1">jority of at least 9/10 of the votes and of</td></tr><tr><td colspan="1">the capital represented.</td></tr><tr><td colspan="1">Board work</td></tr><tr><td colspan="1">The Board of Directors sets out an annual</td></tr><tr><td colspan="1">work schedule to ensure that all relevant</td></tr><tr><td colspan="1">issues are discussed during the year. As</td></tr><tr><td colspan="1">part of the annual schedule and to ensure</td></tr><tr><td colspan="1">focus on both short- and long-term tar-</td></tr><tr><td colspan="1">gets, a board meeting specifically focusing</td></tr><tr><td colspan="1">on operational targets and short-term</td></tr><tr><td colspan="1">strategies is supplemented by daylong</td></tr><tr><td colspan="1">seminars reviewing the long-term strategy</td></tr><tr><td colspan="1">of the Group.</td></tr><tr><td colspan="1">In 2019, the Board of Directors held 13</td></tr><tr><td colspan="1">board meetings of which 4 were telecon-</td></tr><tr><td colspan="1">ferences in connection with financial</td></tr><tr><td colspan="1">reporting. Attendance was 97% for the</td></tr><tr><td colspan="1">shareholder-elected board members and</td></tr><tr><td colspan="1">93% for the employee-elected board mem-</td></tr><tr><td colspan="1">bers. To this should be added that one of</td></tr><tr><td colspan="1">the employee-elected board members is a</td></tr><tr><td colspan="1">seafarer, who might be otherwise occupied</td></tr><tr><td colspan="1">at sea and therefore cannot attend.</td></tr></table><br><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 governance</td></tr><tr><td colspan="1">With a long-term focus,</td></tr><tr><td colspan="1">the aim of the Group is to</td></tr><tr><td colspan="1">develop for the benefit of</td></tr><tr><td colspan="1">its stakeholders within the</td></tr><tr><td colspan="1">risk framework set out.</td></tr><tr><td colspan="1">The management of NORDEN is based on</td></tr><tr><td colspan="1">the values of flexibility, reliability, empathy</td></tr><tr><td colspan="1">and ambition and the Groupâs purpose</td></tr><tr><td colspan="1">aiming at enabling smarter global trade.</td></tr><tr><td colspan="1">The focus is long-term, and the goal for</td></tr><tr><td colspan="1">the Group is to develop for the benefit of</td></tr><tr><td colspan="1">its stakeholders within the risk framework</td></tr><tr><td colspan="1">set out by the Board of Directors (see âRisk</td></tr><tr><td colspan="1">managementâ on page 20 and note 4.1 âFi-</td></tr><tr><td colspan="1">nancial risk managementâ to the consoli-</td></tr><tr><td colspan="1">dated financial statements.</td></tr><tr><td colspan="1">Election, tasks and authorities</td></tr><tr><td colspan="1">NORDEN has a two-tier management</td></tr><tr><td colspan="1">structure with a Board of Directors and an</td></tr><tr><td colspan="1">Executive Management. No individuals are</td></tr><tr><td colspan="1">part of both bodies. The Board of Directors</td></tr><tr><td colspan="1">is made up of 6 members elected for a</td></tr><tr><td colspan="1">term of 1 year by the shareholders and 3</td></tr><tr><td colspan="1">members elected for a term of 3 years by</td></tr><tr><td colspan="1">the employees.</td></tr><tr><td colspan="1">The Board of Directors determines strat-</td></tr><tr><td colspan="1">egies, policies, goals and budgets. In</td></tr><tr><td colspan="1">addition, it sets out the risk management</td></tr><tr><td colspan="1">framework and supervises the work, proce-</td></tr><tr><td colspan="1">dures, etc. carried out by the day-to-day</td></tr><tr><td colspan="1">management. The Board of Directors ap-</td></tr><tr><td colspan="1">points the Executive Management and sets</td></tr><tr><td colspan="1">out its responsibilities and conditions.</td></tr><tr><td colspan="1">Board committees</td></tr><tr><td colspan="1">In line with the corporate governance rec-</td></tr><tr><td colspan="1">ommendations, the Board of Directors has</td></tr><tr><td colspan="1">established 4 subcommittees to ensure ex-</td></tr><tr><td colspan="1">tra focus on certain issues deemed of high</td></tr><tr><td colspan="1">importance.</td></tr><tr><td colspan="1">Audit Committee</td></tr><tr><td colspan="1">The Audit Committee consists of Karsten</td></tr><tr><td colspan="1">Knudsen (committee chairman), Helle</td></tr><tr><td colspan="1">Ãstergaard Kristiansen and Klaus Nyborg.</td></tr><tr><td colspan="1">The committee supervises financial re-</td></tr><tr><td colspan="1">porting, transactions with closely related</td></tr><tr><td colspan="1">parties, auditing, etc. The terms of refer-</td></tr><tr><td colspan="1">ence are published on NORDENâs website</td></tr><tr><td colspan="1">where a statement of control and risk</td></tr><tr><td colspan="1">management in connection with financial</td></tr><tr><td colspan="1">reporting can also be found. During the</td></tr><tr><td colspan="1">year, the committee held 4 meetings, and</td></tr><tr><td colspan="1">all committee members participated in all</td></tr><tr><td colspan="1">the meetings.</td></tr><tr><td colspan="1">Risk Committee</td></tr><tr><td colspan="1">The Risk Committee consists of Tom Intra-</td></tr><tr><td colspan="1">tor (committee chairman), Karsten Knud-</td></tr><tr><td colspan="1">sen and Stephen John Kunzer. The purpose</td></tr><tr><td colspan="1">of the committee is to assist the Board of</td></tr><tr><td colspan="1">Directors in its oversight of the Groupâs</td></tr><tr><td colspan="1">overall risk-taking tolerance and manage-</td></tr><tr><td colspan="1">ment of market, credit and liquidity risks.</td></tr><tr><td colspan="1">The committeeâs terms of reference are</td></tr><tr><td colspan="1">available on NORDENâs website. During the</td></tr><tr><td colspan="1">year, the committee held 5 meetings, and</td></tr><tr><td colspan="1">all committee members participated in all</td></tr><tr><td colspan="1">the meetings.</td></tr><tr><td colspan="1">Remuneration Committee</td></tr><tr><td colspan="1">The Remuneration Committee consists</td></tr><tr><td colspan="1">of Klaus Nyborg (committee chairman),</td></tr><tr><td colspan="1">Karsten Knudsen, Tom Intrator and Stephen</td></tr><tr><td colspan="1">John Kunzer and is responsible for super-</td></tr><tr><td colspan="1">vising the implementation of the Groupâs</td></tr><tr><td colspan="1">remuneration policy. The policy has been</td></tr><tr><td colspan="1">updated and is to be adopted at the an-</td></tr><tr><td colspan="1">nual general meeting. The current policy is</td></tr><tr><td colspan="1">available on NORDENâs website. The com-</td></tr><tr><td colspan="1">mitteeâs terms of reference are available on</td></tr><tr><td colspan="1">NORDENâs website. The committee held 2</td></tr><tr><td colspan="1">meetings in 2019, and all committee mem-</td></tr><tr><td colspan="1">bers participated in all the meetings.</td></tr><tr><td colspan="1">Nomination Committee</td></tr><tr><td colspan="1">The Nomination Committee consists of</td></tr><tr><td colspan="1">Klaus Nyborg (committee chairman) and</td></tr><tr><td colspan="1">Johanne Riegels ÃstergÃ¥rd. The committee</td></tr><tr><td colspan="1">is responsible for describing the qualifica-</td></tr><tr><td colspan="1">tions required in i.a. the Board of Directors</td></tr><tr><td colspan="1">and the Executive Management, and the</td></tr><tr><td colspan="1">committee is also in charge of an annual</td></tr><tr><td colspan="1">assessment of the competences, knowl-</td></tr><tr><td colspan="1">edge and experience present in the 2 man-</td></tr><tr><td colspan="1">agement bodies. The committeeâs terms of</td></tr><tr><td colspan="1">reference are available on NORDENâs web-</td></tr><tr><td colspan="1">site. No meetings were held in the Nomina-</td></tr><tr><td colspan="1">tion Committee in 2019.</td></tr><tr><td colspan="1">In addition to the Remuneration and Nomi-</td></tr><tr><td colspan="1">nation Committee meetings, the chairman</td></tr><tr><td colspan="1">of the two committees has held regular</td></tr><tr><td colspan="1">meetings with the Executive and Senior</td></tr><tr><td colspan="1">Management and committee members.</td></tr><tr><td colspan="1">Qualifications and evaluation</td></tr><tr><td colspan="1">For the Board of Directors to be able to</td></tr><tr><td colspan="1">perform its managerial and strategic tasks</td></tr><tr><td colspan="1">and, at the same time, act as a good</td></tr><tr><td colspan="1">sounding board to the Executive Man-</td></tr><tr><td colspan="1">agement, the following skills are deemed</td></tr><tr><td colspan="1">particularly relevant: insight into shipping</td></tr><tr><td colspan="1">specifically dry cargo and tankers), gen-</td></tr><tr><td colspan="1">eral management, strategic development,</td></tr><tr><td colspan="1">risk management, commodity trade, in-</td></tr><tr><td colspan="1">vestment, finance/accounting as well as</td></tr><tr><td colspan="1">international experience.</td></tr><tr><td colspan="1">In 2019, the Board of Directors and the Ex-</td></tr><tr><td colspan="1">ecutive Management assisted by external</td></tr><tr><td colspan="1">consultants conducted a self-assessment</td></tr><tr><td colspan="1">of the composition, qualifications and</td></tr><tr><td colspan="1">dynamics of the Board of Directors. The</td></tr><tr><td colspan="1">assessment concluded that the Board of</td></tr><tr><td colspan="1">Directors possesses relevant skills and has</td></tr><tr><td colspan="1">good working relationships and dynamics.</td></tr><tr><td colspan="1">A similar assessment is planned for 2020.</td></tr><tr><td colspan="1">Board composition and remuneration</td></tr><tr><td colspan="1">At the annual general meeting in April</td></tr><tr><td colspan="1">2019, all board members were re-elected as</td></tr><tr><td colspan="1">members to the Board of Directors.</td></tr><tr><td colspan="1">The Board of Directors has a target fig-</td></tr><tr><td colspan="1">ure for the share of the underrepresented</td></tr><tr><td colspan="1">gender on the Board of Directors and for-</td></tr><tr><td colspan="1">mulated a policy to increase the share of</td></tr><tr><td colspan="1">the underrepresented gender on the other</td></tr><tr><td colspan="1">management levels. The target for the</td></tr><tr><td colspan="1">share of shareholder-elected women on the</td></tr><tr><td colspan="1">Board of Directors is to have minimum 2</td></tr><tr><td colspan="1">out of 6 shareholder-elected female board</td></tr><tr><td colspan="1">members by 2020, and the target has been</td></tr><tr><td colspan="1">met.</td></tr><tr><td colspan="1">Board remuneration amounts to a total of</td></tr><tr><td colspan="1">USD 0.8 million. Specific board remunerÂ</td></tr><tr><td colspan="1">ation can be found in the Remuneration</td></tr><tr><td colspan="1">Report 2019 available on NORDENâs webÂ</td></tr><tr><td colspan="1">site: https://www.ds-norden.com/public/</td></tr><tr><td colspan="1">dokumenter/reports/AR2019/remuneration</td></tr><tr><td colspan="1">report2019.pdf. The Board of Directors pro-</td></tr><tr><td colspan="1">poses unchanged remuneration in 2020.</td></tr></table><br><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 governance</td></tr><tr><td colspan="1">The Board of Directors has discussed the</td></tr><tr><td colspan="1">recommendations from the Danish Com-</td></tr><tr><td colspan="1">mittee on Corporate Governance.</td></tr><tr><td colspan="1">NORDEN follows all recommendations ex-</td></tr><tr><td colspan="1">cept for recommendation 3.4.2 as the Nom-</td></tr><tr><td colspan="1">ination Committee has 1 independent and</td></tr><tr><td colspan="1">1 non-independent member, while all other</td></tr><tr><td colspan="1">committees in line with recommendations</td></tr><tr><td colspan="1">have a majority of independent members. A</td></tr><tr><td colspan="1">systematic review of the Ârecommendations</td></tr><tr><td colspan="1">can be found in the Statutory Statement</td></tr><tr><td colspan="1">for Corporate Governance</td></tr><tr><td colspan="1">https://www.ds-norden.com/public/</td></tr><tr><td colspan="1">dokumenter/reports/AR2019/Statutory</td></tr><tr><td colspan="1">statement2019.pdf</td></tr><tr><td colspan="1">2020</td></tr><tr><td colspan="1">The Board of Directors has planned 14</td></tr><tr><td colspan="1">meetings, 4 of which are teleconferences in</td></tr><tr><td colspan="1">connection with the annual and interim re-</td></tr><tr><td colspan="1">ports. At the annual general meeting on 27</td></tr><tr><td colspan="1">March 2020, all board members elected by</td></tr><tr><td colspan="1">the shareholders will stand for re-election.</td></tr></table></mrv:CorporateGovernanceReport>
<mrv:LinkToCorporateGovernanceReport contextRef="ctx1">https://www.ds-norden.com/public/</mrv:LinkToCorporateGovernanceReport>
<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="4">corporate mattersâIntroduction</td></tr><tr><td colspan="4">Introduction</td></tr><tr><td colspan="4">The shipping industry</td></tr><tr><td colspan="4">handles about 90% of</td></tr><tr><td colspan="4">the worldâs transported</td></tr><tr><td colspan="4">goods. Shipping links</td></tr><tr><td colspan="4">production, people and</td></tr><tr><td colspan="4">companies in global</td></tr><tr><td colspan="4">trade and contributes to</td></tr><tr><td colspan="4">development and growth</td></tr><tr><td colspan="4">all over the world.</td></tr><tr><td colspan="4">Developing efficient, reliable and smart</td></tr><tr><td colspan="4">solutions for transporting goods from pro-</td></tr><tr><td colspan="4">ducers to buyers is a key component in</td></tr><tr><td colspan="4">ensuring sustainable development through</td></tr><tr><td colspan="4">trade.</td></tr><tr><td colspan="4">NORDEN reports on sustainability annu-</td></tr><tr><td colspan="4">ally to the UN Global Compact, and this</td></tr><tr><td colspan="4">section in the annual report functions as</td></tr><tr><td colspan="4">our Communication on Progress for the</td></tr><tr><td colspan="4">financial year 2019. It also represents our</td></tr><tr><td colspan="4">statutory statement on corporate social re-</td></tr><tr><td colspan="4">sponsibility and underrepresented gender</td></tr><tr><td colspan="4">and diversity in accordance with sections</td></tr><tr><td colspan="4">99a and b of the Danish Financial State-</td></tr><tr><td colspan="4">ments Act.</td></tr><tr><td colspan="4">Sustainability in NORDEN</td></tr><tr><td colspan="4">The Sustainability Strategy is part of NORDENâs overall business strategy and NORDENâs Corporate Soul Purpose.</td></tr><tr><td colspan="4">With SDG 9 Industry, innovation and infrastructure at the center of our sustainability focus, we recognise the follow-</td></tr><tr><td colspan="4">ing 4 areas as our operational foundation: Climate &amp; Environment, People, Anti-corruption and Responsible PartnerÂ</td></tr><tr><td colspan="4">ships. Read more on NORDENâs Sustainbility Strategy on page 51.</td></tr><tr><td colspan="4">corporate mattersâSustainability in NORDEN</td></tr><tr><td colspan="4">Sustainability in NORDEN</td></tr><tr><td colspan="4">NORDENâs key stakeholder</td></tr><tr><td colspan="4">groups are our customers,</td></tr><tr><td colspan="4">suppliers, employees,</td></tr><tr><td colspan="4">shareholders, financiers,</td></tr><tr><td colspan="4">industry associations</td></tr><tr><td colspan="4">and regulators. NORDEN</td></tr><tr><td colspan="4">seeks to engage in</td></tr><tr><td colspan="4">dialogue with these</td></tr><tr><td colspan="4">stakeholders whenever</td></tr><tr><td colspan="4">relevant to identify</td></tr><tr><td colspan="4">the most important</td></tr><tr><td colspan="4">sustainability issues to</td></tr><tr><td colspan="4">focus on going forward.</td></tr><tr><td colspan="4">At least every other year, NORDEN carries</td></tr><tr><td colspan="4">out an internal assessment of each sus-</td></tr><tr><td colspan="4">tainability issue â a materiality assessment</td></tr><tr><td colspan="4">â where the significance of each sustain-</td></tr><tr><td colspan="4">ability issueâs impact, to stakeholders as</td></tr><tr><td colspan="4">well as to NORDEN, is considered and cat-</td></tr><tr><td colspan="4">egorised as either a risk or a responsibility.</td></tr><tr><td colspan="4">A materiality assessment was carried out</td></tr><tr><td colspan="4">in 2019, representing a reality check of our</td></tr><tr><td colspan="4">sustainability focus as well as the allo-</td></tr><tr><td colspan="4">cation of our efforts and resources in the</td></tr><tr><td colspan="4">Group.</td></tr><tr><td colspan="4">Through the sustainability materiality</td></tr><tr><td colspan="4">process, the list of material sustainability</td></tr><tr><td colspan="4">issues has been calibrated and prioritised</td></tr><tr><td colspan="4">into a matrix by the Executive Body for</td></tr><tr><td colspan="4">Sustainability, comprised of the CEO and</td></tr><tr><td colspan="4">representatives from 5 different depart-</td></tr><tr><td colspan="4">ments across NORDEN.</td></tr><tr><td colspan="4">The assessment of whether a sustainability</td></tr><tr><td colspan="4">disclosure is material includes consider-</td></tr><tr><td colspan="4">ations of whether the matter is of such</td></tr><tr><td colspan="4">relevance and importance that it could</td></tr><tr><td colspan="4">substantively influence the valuation by</td></tr><tr><td colspan="4">financial capital providers of NORDENâs</td></tr><tr><td colspan="4">ability to create value over the short, medi-</td></tr><tr><td colspan="4">um and long term.</td></tr><tr><td colspan="4">Top sustainability issues</td></tr><tr><td>Sustainability issue</td><td>Accidents &amp; Oil Spills</td><td>Energy Efficiency &amp; Decarbonisation</td><td>Sanctions Compliance and Anti-corruption</td></tr><tr><td>Importance to the Group</td><td>We have an accident prevention plan in place to reduce the</td><td>Energy efficiency and decarbonisation is part of the 2030</td><td>Doing business with a sanctioned party is illegal and can</td></tr><tr><td /><td>number of accidents, and if accidents occur, that they are</td><td>agenda to curb emissions while working towards carbon</td><td>in the worst case cause great harm to NORDEN. It is an</td></tr><tr><td /><td>mitigated, confined and reported. NORDEN registers any oil</td><td>neutrality in 2050.</td><td>enormous risk to NORDEN if we do not make certain that our</td></tr><tr><td /><td>spills with the Technical Department. We want to do our best</td><td>Further, it is NORDENâs responsibility to manage our vessels</td><td>business relations are responsible and unsanctioned. On a</td></tr><tr><td /><td>to prevent and mitigate accidents as it is a risk to our crew,</td><td>in the most energy-efficient way. With our asset light model,</td><td>daily basis, all our commercial counterparts are screened</td></tr><tr><td /><td>the environment and NORDEN if our management systems are</td><td>it will become more important to address this issue with our</td><td>against sanctions lists as well as environmental and human</td></tr><tr><td /><td>not capable of sufficiently mitigating accidents and oil spills.</td><td>chartered vessels as well.</td><td>rights issues.</td></tr><tr><td /><td>Therefore, the topic is of high importance.</td></tr><tr><td>Reference</td><td>â¢âUN Global Compact</td><td>â¢âUN Global Compact</td><td>â¢âUN Global Compact</td></tr><tr><td /><td>â¢âIMO MARPOL Convention Annex VI</td><td>â¢âIMO MARPOL Convention Annex VI</td><td>â¢âOECD Guidelines for Multinational Enterprises</td></tr><tr><td /><td>â¢â&#x7;Initial IMO Strategy on Reduction of GHG Emissions from</td><td>â¢âEU Sulphur Directive 2016/802</td><td>â¢âUS Foreign Corrupt Practices act and UK Bribery Act</td></tr><tr><td /><td>Ships</td><td>â¢âUNCLOS</td></tr><tr><td>Policy</td><td>NORDENâs Safety and Environmental Protection Policy ensures</td><td>NORDENâs Safety and Environmental Protection Policy ensures</td><td>NORDENâs Anti-corruption Compliance Programme aims</td></tr><tr><td /><td>that all employees in every function execute their work</td><td>that all employees in every function execute their work under</td><td>at ensuring compliance with anti-corruption legislation,</td></tr><tr><td /><td>under safe and healthy conditions and with proper concern</td><td>safe and healthy conditions and with proper concern for</td><td>including sanctions, protecting NORDENâs reputation and</td></tr><tr><td /><td>for protecting the environment. NORDEN aims to eliminate</td><td>protecting the environment. The Group aims to eliminate</td><td>guiding employees in what is expected when working for</td></tr><tr><td /><td>potential dangers which may result in personal injury,</td><td>potential dangers which may result in personal injury,</td><td>NORDEN. The programme applies to all employees, to</td></tr><tr><td /><td>professional illness, accidents, damage to property and</td><td>professional illness, accidents, damage to property and</td><td>management and to the Board of Directors.</td></tr><tr><td /><td>damage to the environment.</td><td>damage to the environment.</td></tr><tr><td /><td /><td>Further, we have committed ourselves to decarbonise</td></tr><tr><td /><td /><td>through our work under NORDENâs sustainability strategy,</td></tr><tr><td /><td /><td>including aligning our climate target with IMOâs. We have also</td></tr><tr><td /><td /><td>established a Decarbonisation Manager position in the Group</td></tr><tr><td /><td /><td>to further engage in collaborations with partners in exploring</td></tr><tr><td /><td /><td>decarbonisation solutions.</td></tr><tr><td colspan="4">Leverage and responsibility</td></tr><tr><td colspan="4">NORDEN is moving in a more asset-light</td></tr><tr><td colspan="4">direction, with relatively fewer owned ves-</td></tr><tr><td colspan="4">sels and more vessels on charter. Conse-</td></tr><tr><td colspan="4">quently, we have outsourced the technical</td></tr><tr><td colspan="4">management of our dry cargo fleet. With</td></tr><tr><td colspan="4">our leverage decreasing, the responsibility</td></tr><tr><td colspan="4">of ensuring accountability with our busi-</td></tr><tr><td colspan="4">ness partners to avoid potential wrongful</td></tr><tr><td colspan="4">practices is becoming increasingly more</td></tr><tr><td colspan="4">important.</td></tr><tr><td>Commercial operator</td><td>Shipowner</td></tr><tr><td>⢠Contracting voyages and cargoes for</td><td>⢠Legislative responsibility towards flag</td></tr><tr><td>destinations</td><td>state and international regulation and</td></tr><tr><td>⢠Arranging support activities for voyages</td><td>conventions</td></tr><tr><td>⢠Optimisation of the voyage in collabo-</td><td>⢠Employment and training of crew if not</td></tr><tr><td>ration with the shipowner and the cust-</td><td>in external management</td></tr><tr><td>omer</td><td>⢠Dry-docking, stores, repair and main-</td></tr><tr><td /><td>tenance</td></tr><tr><td /><td>⢠Vetting and Port State Control inspecti-</td></tr><tr><td /><td>ons</td></tr><tr><td colspan="4">NORDEN seeks to strengthen</td></tr><tr><td colspan="4">global partnerships in support</td></tr><tr><td colspan="4">of the ambitious targets of</td></tr><tr><td colspan="4">the UN 2030 Agenda</td></tr><tr><td colspan="4">In bringing together national govern-</td></tr><tr><td colspan="4">ments, the international community,</td></tr><tr><td colspan="4">civil society, the private sector and oth-</td></tr><tr><td colspan="4">er actors, partnerships are important</td></tr><tr><td colspan="4">means for ensuring regulatory compli-</td></tr><tr><td colspan="4">ance, level playing field, transparency</td></tr><tr><td colspan="4">and stakeholder inclusion.</td></tr><tr><td colspan="4">During 2019, NORDEN partnered up</td></tr><tr><td colspan="4">with ShippingLab, a non-profit pro-</td></tr><tr><td colspan="4">ject collaboration for smart shipping,</td></tr><tr><td colspan="4">through which we commenced collabo-</td></tr><tr><td colspan="4">ration with pioneering company Kvasir</td></tr><tr><td colspan="4">Technologies, which is investigating</td></tr><tr><td colspan="4">sustainable bio crude oil. NORDEN also</td></tr><tr><td colspan="4">signed up with Getting to Zero Coali-</td></tr><tr><td colspan="4">tion, and our CEO is an active partici-</td></tr><tr><td colspan="4">pant in a collaboration whose purpose</td></tr><tr><td colspan="4">is to define a common standard for the</td></tr><tr><td colspan="4">industry for calculating CO2 emissions</td></tr><tr><td colspan="4">per voyage.</td></tr><tr><td colspan="4">Sustainability Strategy</td></tr><tr><td /><td>Sustainable Development Goals</td></tr><tr><td /><td>Adopted by the UN in</td></tr><tr><td>NORDENâs Executive Body for Sustainabili-</td><td>2015</td></tr><tr><td colspan="4">ty, chaired by NORDENâs CEO, is ultimate-</td></tr><tr><td>ly responsible for sustainability across the</td><td>17 goals and 169 underlying targets define</td></tr><tr><td>Group. The Executive Body for Sustaina-</td><td>global sustainable development priorities</td></tr><tr><td>bility is cross-functionally represented and</td><td>and aspirations for the year</td></tr><tr><td>is responsible for mandating NORDENâs</td><td>2030</td></tr><tr><td colspan="4">Sustainability Strategy, ambition level and</td></tr><tr><td>policies as recommended by the Sustaina-</td><td>For NORDEN, the SDGs are chosen as</td></tr><tr><td>bility Department.</td><td>basis for our Sustainability Strategy</td></tr><tr><td /><td>2019-21</td></tr><tr><td>Launched in 2019, NORDENâs Sustainability</td><td>SDG 9 Industry, Innovation and</td></tr><tr><td>Strategy focuses on finding new business</td><td>Infrastructure holds a strategic potential</td></tr><tr><td>opportunities within the agenda of the</td><td>aligned with NORDENâs business strategy</td></tr><tr><td colspan="4">Sustainable Development Goals (SDGs)</td></tr><tr><td colspan="4">where NORDEN can contribute to a signifi-</td></tr><tr><td colspan="4">cant difference. This is an addition to NOR-</td></tr><tr><td colspan="4">DENâs operational foundation where we</td></tr><tr><td colspan="4">work with responsibility and sustainability.</td></tr><tr><td colspan="4">In the strategy development process, NOR-</td></tr><tr><td colspan="4">DEN has prioritised the SDGs and subse-</td></tr><tr><td colspan="4">quently mapped them to our core business</td></tr><tr><td colspan="4">activities.</td></tr><tr><td colspan="4">2 areas of business opportunity</td></tr><tr><td colspan="4">Decarbonisation</td></tr><tr><td colspan="4">Shipping has a high climate impact. At</td></tr><tr><td colspan="4">NORDEN, we have come a long way in</td></tr><tr><td colspan="4">increasing fuel efficiency. With the IMO</td></tr><tr><td colspan="4">targets on COâ reductions, it is evident</td></tr><tr><td colspan="4">that increased fuel efficiency alone is</td></tr><tr><td colspan="4">not enough. We need alternative solu-</td></tr><tr><td colspan="4">tions, and under the Decarbonisation</td></tr><tr><td colspan="4">heading, we want to contribute with</td></tr><tr><td colspan="4">low-carbon transportation options.</td></tr><tr><td colspan="4">Decarbonisation performance 2019</td></tr><tr><td colspan="4">NORDEN has expanded its portfolio</td></tr><tr><td colspan="4">of initiatives. We are currently looking</td></tr><tr><td colspan="4">into different alternative fuel options.</td></tr><tr><td colspan="4">We have already completed 2 test</td></tr><tr><td colspan="4">voyages with 100% biofuel from Good-</td></tr><tr><td colspan="4">fuels and are now working on the last</td></tr><tr><td colspan="4">adjustments. We are also working with</td></tr><tr><td colspan="4">pioneer company Kvasir Technologies</td></tr><tr><td colspan="4">on a bio crude oil solution, and further,</td></tr><tr><td colspan="4">we are investigating a wing sails solu-</td></tr><tr><td colspan="4">tion. We expect to engage in even more</td></tr><tr><td colspan="4">partnerships in the future.</td></tr><tr><td colspan="4">Logistics optimisation</td></tr><tr><td colspan="4">Effective transport and logistics can</td></tr><tr><td colspan="4">help drive the expansion of world trade.</td></tr><tr><td colspan="4">We will use NORDENâs knowledge and</td></tr><tr><td colspan="4">experience in optimising infrastructure</td></tr><tr><td colspan="4">logistics by addressing bottleneck is-</td></tr><tr><td colspan="4">sues with for instance congestion or</td></tr><tr><td colspan="4">inefficiencies in port handling, unpre-</td></tr><tr><td colspan="4">dictability in inland transportation or</td></tr><tr><td colspan="4">difficulties in transitions from inland</td></tr><tr><td colspan="4">transportation to ocean-going vessels.</td></tr><tr><td colspan="4">Under the Logistics optimisation head-</td></tr><tr><td colspan="4">ing, we will find collaborative ways to</td></tr><tr><td colspan="4">remove these barriers, creating shared</td></tr><tr><td colspan="4">value for customers, partners, local</td></tr><tr><td colspan="4">communities, regions and NORDEN.</td></tr><tr><td colspan="4">Logistics optimisation performance</td></tr><tr><td colspan="4">2019</td></tr><tr><td colspan="4">NORDEN is currently in the process of</td></tr><tr><td colspan="4">developing 4 port optimisation projects</td></tr><tr><td colspan="4">around the world to become increas-</td></tr><tr><td colspan="4">ingly involved with cargo loading and</td></tr><tr><td colspan="4">unloading operations. With our port</td></tr><tr><td colspan="4">captains, we are looking at optimising</td></tr><tr><td colspan="4">operation and hope to contribute to the</td></tr><tr><td colspan="4">development of local infrastructure.</td></tr><tr><td /><td /><td>51</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfTheDiversityPolicies 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">Diversity</td></tr><tr><td colspan="4">Diversity includes gender, ethnicity, race,</td></tr><tr><td colspan="4">socioeconomic status, level of education,</td></tr><tr><td colspan="4">age, religion, sexual orientation, etc. NOR-</td></tr><tr><td colspan="4">DEN encourages a high level of diversity.</td></tr><tr><td colspan="4">Employee diversity allows for flexible</td></tr><tr><td colspan="4">thinking and prevents inveterate concep-</td></tr><tr><td colspan="4">tions and habits. By assembling teams</td></tr><tr><td colspan="4">consisting of a variety of ages, levels of</td></tr><tr><td colspan="4">experience and education, nationalities,</td></tr><tr><td colspan="4">languages and genders, NORDEN brings</td></tr><tr><td colspan="4">all its employeesâ unique contributions into</td></tr><tr><td colspan="4">play for the benefit of improved customer</td></tr><tr><td colspan="4">service.</td></tr><tr><td colspan="4">NORDEN also believes that a company</td></tr><tr><td colspan="4">with a diversity of people increases em-</td></tr><tr><td colspan="4">ployee satisfaction. NORDEN seeks to</td></tr><tr><td colspan="4">reach a balanced gender representation,</td></tr><tr><td colspan="4">built on clear requirements for diversity in</td></tr><tr><td colspan="4">recruitment and employee development as</td></tr><tr><td colspan="4">stated in NORDENâs Diversity Policy to be</td></tr><tr><td colspan="4">updated in 2020.</td></tr><tr><td colspan="4">WIS (Women in Shipping) is</td></tr><tr><td colspan="4">a new network that aims to</td></tr><tr><td colspan="4">connect women in shipping,</td></tr><tr><td colspan="4">across position, seniority</td></tr><tr><td colspan="4">and segments where 2 NOR-</td></tr><tr><td colspan="4">DEN employees have been</td></tr><tr><td colspan="4">appointed as ambassadors.</td></tr><tr><td colspan="4">The networkâs goal is to shed</td></tr><tr><td colspan="4">light on some of the blind</td></tr><tr><td colspan="4">spots female employees may</td></tr><tr><td colspan="4">encounter in a traditionally</td></tr><tr><td colspan="4">male-dominated industry.</td></tr><tr><td colspan="4">NORDENâs board compo-</td></tr><tr><td colspan="4">sition is increasingly more</td></tr><tr><td colspan="4">international with 33% inter-</td></tr><tr><td colspan="4">national shareholder-elected</td></tr><tr><td colspan="4">board members. As of 31</td></tr><tr><td colspan="4">December 2019, the board</td></tr><tr><td colspan="4">composition is at 33% share-</td></tr><tr><td colspan="4">holder-elected women (2</td></tr><tr><td colspan="4">out of 6) reaching our target</td></tr><tr><td colspan="4">and the target set out by the</td></tr><tr><td colspan="4">Danish Business Authority.</td></tr><tr><td colspan="4">Further, the Board of Direc-</td></tr><tr><td colspan="4">tors has formulated a policy</td></tr><tr><td colspan="4">to increase the share of</td></tr><tr><td colspan="4">under-represented gender in</td></tr><tr><td colspan="4">other management levels.</td></tr><tr><td colspan="4">Education</td></tr><tr><td colspan="4">NORDEN wants to focus on the education</td></tr><tr><td colspan="4">of new skilled persons to the shipping in-</td></tr><tr><td colspan="4">dustry. With internships and scholarships</td></tr><tr><td colspan="4">at Singapore Management University,</td></tr><tr><td colspan="4">Shanghai Maritime University, Nanyang</td></tr><tr><td colspan="4">Technological University and Copenhagen</td></tr><tr><td colspan="4">Business School, NORDEN invests in new</td></tr><tr><td colspan="4">knowledge and talent in the industry.</td></tr><tr><td colspan="4">NORDEN is also a partner with the Singa-</td></tr><tr><td colspan="4">pore Management University by supporting</td></tr><tr><td colspan="4">their Maritime Economics Concentration</td></tr><tr><td colspan="4">MEC) programme through a scholarship</td></tr><tr><td colspan="4">of SGD 30,000 annually since 2014. This</td></tr><tr><td colspan="4">scholarship goes towards supporting the</td></tr><tr><td colspan="4">costs of the programme as well as student</td></tr><tr><td colspan="4">fees. The MEC programme also partners</td></tr><tr><td colspan="4">on an exchange programme with students</td></tr><tr><td colspan="4">from CBS in Denmark.</td></tr><tr><td colspan="4">Female share</td></tr><tr><td /><td>2019</td><td>2018</td><td>2017</td></tr><tr><td>Gender diversity at sea (%)</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Gender diversity on shore (%)</td><td>33</td><td>35</td><td>33</td></tr><tr><td>Gender diversity in executive management (%)</td><td>0</td><td>0</td><td>0</td></tr><tr><td>Gender diversity in senior management (%)</td><td>29</td><td>25</td><td>25</td></tr><tr><td>Gender diversity in department leads (%)</td><td>20</td><td>25</td><td>-</td></tr><tr><td>Gender diversity in management (%)</td><td>25</td><td>22</td><td>24</td></tr><tr><td>Share of male employees who are managers (%)</td><td>21</td><td>27</td><td>-</td></tr><tr><td>Share of female employees who are managers (%)</td><td>13</td><td>14</td><td>-</td></tr></table></mrv:StatementOfTheDiversityPolicies>
<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 Executive Management</td></tr><tr><td colspan="1">The Board of Directors and the Executive</td></tr><tr><td colspan="1">Management have today considered and</td></tr><tr><td colspan="1">adopted the Annual Report of Dampskibs-</td></tr><tr><td colspan="1">selskabet NORDEN A/S for the financial</td></tr><tr><td colspan="1">year 1 January â 31 December 2019.</td></tr><tr><td colspan="1">The Consolidated Financial Statements are</td></tr><tr><td colspan="1">prepared in accordance with International</td></tr><tr><td colspan="1">Financial Reporting Standards as adopted</td></tr><tr><td colspan="1">by the EU and additional requirements</td></tr><tr><td colspan="1">stated in the Danish Financial Statements</td></tr><tr><td colspan="1">Act. The Financial Statements of the Par-</td></tr><tr><td colspan="1">ent Company are prepared in accordance</td></tr><tr><td colspan="1">with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">The Managementâs Review is also prepared</td></tr><tr><td colspan="1">in accordance with the Danish Financial</td></tr><tr><td colspan="1">Statements Act.</td></tr><tr><td colspan="1">In our opinion, the Consolidated Financial</td></tr><tr><td colspan="1">Statements and the Financial Statements</td></tr><tr><td colspan="1">of the Parent Company give a true and</td></tr><tr><td colspan="1">fair view of the financial position at 31 De-</td></tr><tr><td colspan="1">cember 2019 of the Group and the Parent</td></tr><tr><td colspan="1">Company and of the results of the Groupâs</td></tr><tr><td colspan="1">and the Parent Companyâs operations and</td></tr><tr><td colspan="1">the Groupâs consolidated cash flows for</td></tr><tr><td colspan="1">the financial year 2019.</td></tr><tr><td colspan="1">In our opinion, the Managementâs Review</td></tr><tr><td colspan="1">provides a fair review of the development in</td></tr><tr><td colspan="1">the operations and financial circumstances</td></tr><tr><td colspan="1">of the Group and the Parent Company, of</td></tr><tr><td colspan="1">the results for the year and of the finan-</td></tr><tr><td colspan="1">cial position of the Group and the Parent</td></tr><tr><td colspan="1">Company as well as a description of the</td></tr><tr><td colspan="1">most significant risks and elements of un-</td></tr><tr><td colspan="1">certainty, which the Group and the Parent</td></tr><tr><td colspan="1">Company are facing.</td></tr><tr><td colspan="1">In our opinion, the ESG performance data</td></tr><tr><td colspan="1">on page 63 is presented in accordance</td></tr><tr><td colspan="1">with the stated accounting policies on</td></tr><tr><td colspan="1">page 64-65 and provides a fair and bal-</td></tr><tr><td colspan="1">anced view of the Groupâs sustainability</td></tr><tr><td colspan="1">performance and social responsibility for</td></tr><tr><td colspan="1">the financial year 2019.</td></tr><tr><td colspan="1">We recommend that the Annual Report be</td></tr><tr><td colspan="1">adopted at the Annual General Meeting on</td></tr><tr><td colspan="1">27 March 2020.</td></tr></table></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:PlaceOfSignatureOfStatement contextRef="ctx1" xml:lang="da">Copenhagen</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx1">2020-03-04</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 Auditorâs 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 Dampskibsselskabet NORDEN 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</td></tr><tr><td colspan="1">Statements give a true and fair view of the</td></tr><tr><td colspan="1">Groupâs financial position at 31 December</td></tr><tr><td colspan="1">2019 and of the results of the Groupâs op-</td></tr><tr><td colspan="1">erations and cash flows for the financial</td></tr><tr><td colspan="1">year 1 January to 31 December 2019 in</td></tr><tr><td colspan="1">accordance with International Financial</td></tr><tr><td colspan="1">Reporting Standards as adopted by the</td></tr><tr><td colspan="1">EU and further requirements in the Danish</td></tr><tr><td colspan="1">Financial Statements Act.</td></tr><tr><td colspan="1">Moreover, in our opinion, the Parent Com-</td></tr><tr><td colspan="1">pany Financial Statements give a true and</td></tr><tr><td colspan="1">fair view of the Parent Companyâs financial</td></tr><tr><td colspan="1">position at 31 December 2019 and of the</td></tr><tr><td colspan="1">results of the Parent Companyâs operations</td></tr><tr><td colspan="1">for the financial year 1January to 31 De-</td></tr><tr><td colspan="1">cember 2019 in accordance with the Dan-</td></tr><tr><td colspan="1">ish Financial Statements Act.</td></tr><tr><td colspan="1">Our opinion is consistent with our Auditorâs</td></tr><tr><td colspan="1">Long-form Report to the Audit Committee</td></tr><tr><td colspan="1">and the Board of Directors.</td></tr><tr><td colspan="1">What we have audited</td></tr><tr><td colspan="1">The Consolidated Financial Statements,</td></tr><tr><td colspan="1">page 72-120, and the Parent Company</td></tr><tr><td colspan="1">Financial Statements, page 121-136, of</td></tr><tr><td colspan="1">Dampskibsselskabet NORDEN A/S for the</td></tr><tr><td colspan="1">financial year 1January to 31 December</td></tr><tr><td colspan="1">2019 comprise Income Statement, Balance</td></tr><tr><td colspan="1">sheet, Statement of Changes in Equity and</td></tr><tr><td colspan="1">notes, including summary of significant</td></tr><tr><td colspan="1">accounting policies for the Group as well</td></tr><tr><td colspan="1">as for the Parent Company and Statement</td></tr><tr><td colspan="1">of Comprehensive Income and Statement</td></tr><tr><td colspan="1">of Cash Flows for the Group.</td></tr><tr><td colspan="1">Collectively referred to as the âFinancial</td></tr><tr><td colspan="1">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</td></tr><tr><td colspan="1">with International Standards on Auditing</td></tr><tr><td colspan="1">ISAs) and the additional requirements ap-</td></tr><tr><td colspan="1">plicable in Denmark. Our responsibilities</td></tr><tr><td colspan="1">under those standards and requirements</td></tr><tr><td colspan="1">are further described in the Auditorâs re-</td></tr><tr><td colspan="1">sponsibilities for the audit of the Financial</td></tr><tr><td colspan="1">Statements section of our report.</td></tr><tr><td colspan="1">We believe that the audit evidence we have</td></tr><tr><td colspan="1">obtained is sufficient and appropriate to</td></tr><tr><td colspan="1">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 ac-</td></tr><tr><td colspan="1">cordance with the International Ethics</td></tr><tr><td colspan="1">Standards Board for Accountantsâ Code of</td></tr><tr><td colspan="1">Ethics for Professional Accountants (IESBA</td></tr><tr><td colspan="1">Code) and the additional requirements ap-</td></tr><tr><td colspan="1">plicable in Denmark. We have also fulfilled</td></tr><tr><td colspan="1">our other ethical responsibilities in accord-</td></tr><tr><td colspan="1">ance with the IESBA Code.</td></tr><tr><td colspan="1">To the best of our knowledge and belief,</td></tr><tr><td colspan="1">prohibited non-audit services referred to in</td></tr><tr><td colspan="1">Article 5(1) of Regulation (EU) No 537/2014</td></tr><tr><td colspan="1">were not provided.</td></tr><tr><td colspan="1">Appointment</td></tr><tr><td colspan="1">We were first appointed auditors of Damp-</td></tr><tr><td colspan="1">skibsselskabet NORDEN A/S for the finan-</td></tr><tr><td colspan="1">cial year 1998. We have been reappointed</td></tr><tr><td colspan="1">annually by shareholder resolution for a to-</td></tr><tr><td colspan="1">tal period of uninterrupted engagement of</td></tr><tr><td colspan="1">22 years including the financial year 2019.</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">Key audit matters are those matters that,</td></tr><tr><td colspan="1">in our professional judgement, were of</td></tr><tr><td colspan="1">most significance in our audit of the Fi-</td></tr><tr><td colspan="1">nancial Statements for 2019. These matters</td></tr><tr><td colspan="1">were addressed in the context of our audit</td></tr><tr><td colspan="1">of the Financial Statements as a whole,</td></tr><tr><td colspan="1">and in forming our opinion thereon, and we</td></tr><tr><td colspan="1">do not provide a separate opinion on these</td></tr><tr><td colspan="1">matters.</td></tr><tr><td colspan="1">How our audit addressed the key audit matter</td></tr><tr><td colspan="1">We discussed with Management and evaluated the</td></tr><tr><td colspan="1">methodology by which Management monitors indica-</td></tr><tr><td colspan="1">tors of impairment of vessels, right-of-use assets and</td></tr><tr><td colspan="1">prepayments on vessels and newbuildings, including</td></tr><tr><td colspan="1">identification of CGUs.</td></tr><tr><td colspan="1">Regarding Managementâs assessment of indicators of</td></tr><tr><td colspan="1">impairment of vessels etc., we</td></tr><tr><td colspan="1">⢠Obtained and assessed the appropriateness of Man-</td></tr><tr><td colspan="1">agementâs assessment of whether any indicator of</td></tr><tr><td colspan="1">impairment on the mentioned assets or reversal of</td></tr><tr><td colspan="1">previous impairment losses exists.</td></tr><tr><td colspan="1">⢠Evaluated the sources of information used by Man-</td></tr><tr><td colspan="1">agement in their assessment.</td></tr><tr><td colspan="1">⢠Challenged Managementâs assessment by comparing</td></tr><tr><td colspan="1">assumptions when determining future freight and time</td></tr><tr><td colspan="1">charter rates to external markets rates.</td></tr><tr><td colspan="1">⢠Evaluated the independence, objectivity, qualifica-</td></tr><tr><td colspan="1">tions and experience of brokers used by Management,</td></tr><tr><td colspan="1">the historical accuracy of such valuations and wheth-</td></tr><tr><td colspan="1">er the valuations were appropriate for the purpose.</td></tr><tr><td colspan="1">We assessed the appropriateness of Managementâs</td></tr><tr><td colspan="1">presentation of these matters in the Financial State-</td></tr><tr><td colspan="1">ments.</td></tr><tr><td colspan="1">Key audit matter</td></tr><tr><td colspan="1">Valuation of vessels, right-of-use assets and</td></tr><tr><td colspan="1">prepayments on vessels and new-buildings</td></tr><tr><td colspan="1">The carrying amount of the Groupâs and the Parent</td></tr><tr><td colspan="1">Companyâs vessels, right-of-use assets and prepay-</td></tr><tr><td colspan="1">ments on vessels and newbuildings is significant.</td></tr><tr><td colspan="1">Management monitors continuously the carrying value</td></tr><tr><td colspan="1">of the above-mentioned assets, managed on a portfolio</td></tr><tr><td colspan="1">basis. The assessment is based on the cash-generating</td></tr><tr><td colspan="1">units (CGUs); Dry Cargo and Tankers.</td></tr><tr><td colspan="1">Management performs an impairment test if any indica-</td></tr><tr><td colspan="1">tion of impairment or reversal of previous impairments</td></tr><tr><td colspan="1">exists. The indications assessed by Management com-</td></tr><tr><td colspan="1">prise, among others vessel values, newbuilding prices</td></tr><tr><td colspan="1">and future development in freight and time charter rates.</td></tr><tr><td colspan="1">If indications exist, the carrying value of the mentioned</td></tr><tr><td colspan="1">assets may be subject to material impairment or reversal</td></tr><tr><td colspan="1">of previous impairments.</td></tr><tr><td colspan="1">As of 31 December 2019, Management concluded that no</td></tr><tr><td colspan="1">indicators of impairment or reversal of previous impair-</td></tr><tr><td colspan="1">ments exists for any of the CGUâs; Dry Cargo and Tank-</td></tr><tr><td colspan="1">ers. Thus, no impairment tests have been performed.</td></tr><tr><td colspan="1">We focused on this area because Managementâs as-</td></tr><tr><td colspan="1">sessment of whether indication of impairment exists are</td></tr><tr><td colspan="1">subject to considerable judgement because of the com-</td></tr><tr><td colspan="1">plexity in assessing such indicators.</td></tr><tr><td colspan="1">Refer to Note 3.1 and Note 4.7 in the Consolidated</td></tr><tr><td colspan="1">Financial Statements and Note 3.1 and Note 4.7 in the</td></tr><tr><td colspan="1">Parent Company Financial Statements.</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">Statement on Managementâs Review</td></tr><tr><td colspan="1">Management is responsible for Manage-</td></tr><tr><td colspan="1">mentâs Review, page 3-65.</td></tr><tr><td colspan="1">Our opinion on the Financial Statements</td></tr><tr><td colspan="1">does not cover Managementâs Review, and</td></tr><tr><td colspan="1">we do not express any form of assurance</td></tr><tr><td colspan="1">conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the Finan-</td></tr><tr><td colspan="1">cial Statements, our responsibility is to</td></tr><tr><td colspan="1">read Managementâs Review and, in doing</td></tr><tr><td colspan="1">so, consider whether Managementâs Review</td></tr><tr><td colspan="1">is materially inconsistent with the Financial</td></tr><tr><td colspan="1">Statements or our knowledge obtained in</td></tr><tr><td colspan="1">the audit, or otherwise appears to be ma-</td></tr><tr><td colspan="1">terially misstated.</td></tr><tr><td colspan="1">Moreover, we considered whether Manage-</td></tr><tr><td colspan="1">mentâs Review includes the disclosures re-</td></tr><tr><td colspan="1">quired by the Danish Financial Statements</td></tr><tr><td colspan="1">Act.</td></tr><tr><td colspan="1">Based on the work we have performed, in</td></tr><tr><td colspan="1">our view, Managementâs Review is in ac-</td></tr><tr><td colspan="1">cordance with the Consolidated Financial</td></tr><tr><td colspan="1">Statements and the Parent Company Fi-</td></tr><tr><td colspan="1">nancial Statements and has been prepared</td></tr><tr><td colspan="1">in accordance with the requirements of the</td></tr><tr><td colspan="1">Danish Financial Statements Act. We did</td></tr><tr><td colspan="1">not identify any material misstatement in</td></tr><tr><td colspan="1">Managementâs 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">Managementâs responsibilities for the Financial Statements</td></tr><tr><td colspan="1">Management is responsible for the prepa-</td></tr><tr><td colspan="1">ration of Consolidated Financial State-</td></tr><tr><td colspan="1">ments that give a true and fair view in</td></tr><tr><td colspan="1">accordance with International Financial</td></tr><tr><td colspan="1">Reporting Standards as adopted by the</td></tr><tr><td colspan="1">EU and further requirements in the Dan-</td></tr><tr><td colspan="1">ish Financial Statements Act and for the</td></tr><tr><td colspan="1">preparation of Parent Company Financial</td></tr><tr><td colspan="1">Statements that give a true and fair view</td></tr><tr><td colspan="1">in accordance with the Danish Financial</td></tr><tr><td colspan="1">Statements Act, and for such internal con-</td></tr><tr><td colspan="1">trol as Management determines is neces-</td></tr><tr><td colspan="1">sary to enable the preparation of financial</td></tr><tr><td colspan="1">statements that are free from material mis-</td></tr><tr><td colspan="1">statement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the Financial Statements,</td></tr><tr><td colspan="1">Management is responsible for assessing</td></tr><tr><td colspan="1">the Groupâs and the Parent Companyâs</td></tr><tr><td colspan="1">ability to continue as a going concern,</td></tr><tr><td colspan="1">disclosing, as applicable, matters relat-</td></tr><tr><td colspan="1">ed to going concern and using the going</td></tr><tr><td colspan="1">concern basis of accounting unless Man-</td></tr><tr><td colspan="1">agement either intends to liquidate the</td></tr><tr><td colspan="1">Group or the Parent Company or to cease</td></tr><tr><td colspan="1">operations, or has no realistic alternative</td></tr><tr><td colspan="1">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">Auditorâs responsibilities for the audit of the Financial Statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable</td></tr><tr><td colspan="1">assurance about whether the Financial</td></tr><tr><td colspan="1">Statements as a whole are free from ma-</td></tr><tr><td colspan="1">terial misstatement, whether due to fraud</td></tr><tr><td colspan="1">or error, and to issue an auditorâs report</td></tr><tr><td colspan="1">that includes our opinion. Reasonable as-</td></tr><tr><td colspan="1">surance is a high level of assurance, but is</td></tr><tr><td colspan="1">not a guarantee that an audit conducted</td></tr><tr><td colspan="1">in accordance with ISAs and the additional</td></tr><tr><td colspan="1">requirements applicable in Denmark will</td></tr><tr><td colspan="1">always detect a material misstatement</td></tr><tr><td colspan="1">when it exists. Misstatements can arise</td></tr><tr><td colspan="1">from fraud or error and are considered</td></tr><tr><td colspan="1">material if, individually or in the aggre-</td></tr><tr><td colspan="1">gate, they could reasonably be expected</td></tr><tr><td colspan="1">to influence the economic decisions of</td></tr><tr><td colspan="1">users taken on the basis of these Financial</td></tr><tr><td colspan="1">Statements.</td></tr><tr><td colspan="1">As part of an audit in accordance with ISAs</td></tr><tr><td colspan="1">and the additional requirements applica-</td></tr><tr><td colspan="1">ble in Denmark, we exercise professional</td></tr><tr><td colspan="1">judgement and maintain professional</td></tr><tr><td colspan="1">scepticism throughout the audit. We also</td></tr><tr><td colspan="1">⢠Identify and assess the risks of material</td></tr><tr><td colspan="1">misstatement of the Financial State-</td></tr><tr><td colspan="1">ments, whether due to fraud or error,</td></tr><tr><td colspan="1">design and perform audit procedures</td></tr><tr><td colspan="1">responsive to those risks, and obtain</td></tr><tr><td colspan="1">audit evidence that is sufficient and</td></tr><tr><td colspan="1">appropriate to provide a basis for our</td></tr><tr><td colspan="1">opinion. The risk of not detecting a ma-</td></tr><tr><td colspan="1">terial misstatement resulting from fraud</td></tr><tr><td colspan="1">is higher than for one resulting from</td></tr><tr><td colspan="1">error, as fraud may involve collusion,</td></tr><tr><td colspan="1">forgery, intentional omissions, misrep-</td></tr><tr><td colspan="1">resentations, or the override of internal</td></tr><tr><td colspan="1">control.</td></tr><tr><td colspan="1">⢠Obtain an understanding of internal</td></tr><tr><td colspan="1">control relevant to the audit in order to</td></tr><tr><td colspan="1">design audit procedures that are appro-</td></tr><tr><td colspan="1">priate in the circumstances, but not for</td></tr><tr><td colspan="1">the purpose of expressing an opinion on</td></tr><tr><td colspan="1">the effectiveness of the Groupâs and the</td></tr><tr><td colspan="1">Parent Companyâs internal control.</td></tr><tr><td colspan="1">⢠Evaluate the appropriateness of ac-</td></tr><tr><td colspan="1">counting policies used and the reason-</td></tr><tr><td colspan="1">ableness of accounting estimates and</td></tr><tr><td colspan="1">related disclosures made by Manage-</td></tr><tr><td colspan="1">ment.</td></tr><tr><td colspan="1">⢠Conclude on the appropriateness of</td></tr><tr><td colspan="1">Managementâs use of the going concern</td></tr><tr><td colspan="1">basis of accounting and based on the</td></tr><tr><td colspan="1">audit evidence obtained, whether a</td></tr><tr><td colspan="1">material uncertainty exists related to</td></tr><tr><td colspan="1">events or conditions that may cast sig-</td></tr><tr><td colspan="1">nificant doubt on the Groupâs and the</td></tr><tr><td colspan="1">Parent Companyâs ability to continue as</td></tr><tr><td colspan="1">a going concern. If we conclude that a</td></tr><tr><td colspan="1">material uncertainty exists, we are re-</td></tr><tr><td colspan="1">quired to draw attention in our auditorâs</td></tr><tr><td colspan="1">report to the related disclosures in the</td></tr><tr><td colspan="1">Financial Statements or, if such disclo-</td></tr><tr><td colspan="1">sures are inadequate, to modify our</td></tr><tr><td colspan="1">opinion. Our conclusions are based on</td></tr><tr><td colspan="1">the audit evidence obtained up to the</td></tr><tr><td colspan="1">date of our auditorâs report. However,</td></tr><tr><td colspan="1">future events or conditions may cause</td></tr><tr><td colspan="1">the Group or the Parent Company to</td></tr><tr><td colspan="1">cease to continue as a going concern.</td></tr><tr><td colspan="1">⢠Evaluate the overall presentation,</td></tr><tr><td colspan="1">structure and content of the Financial</td></tr><tr><td colspan="1">Statements, including the disclosures,</td></tr><tr><td colspan="1">and whether the Financial Statements</td></tr><tr><td colspan="1">represent the underlying transactions</td></tr><tr><td colspan="1">and events in a manner that achieves</td></tr><tr><td colspan="1">fair presentation.</td></tr><tr><td colspan="1">⢠Obtain sufficient appropriate audit</td></tr><tr><td colspan="1">evidence regarding the financial in-</td></tr><tr><td colspan="1">formation of the entities or business</td></tr><tr><td colspan="1">activities within the Group to express an</td></tr><tr><td colspan="1">opinion on the Consolidated Financial</td></tr><tr><td colspan="1">Statements. We are responsible for the</td></tr><tr><td colspan="1">direction, supervision and performance</td></tr><tr><td colspan="1">of the group audit. We remain solely re-</td></tr><tr><td colspan="1">sponsible for our audit opinion.</td></tr><tr><td colspan="1">We communicate with those charged with</td></tr><tr><td colspan="1">governance regarding, among other mat-</td></tr><tr><td colspan="1">ters, the planned scope and timing of the</td></tr><tr><td colspan="1">audit and significant audit findings, includ-</td></tr><tr><td colspan="1">ing any significant deficiencies in internal</td></tr><tr><td colspan="1">control that we identify during our audit.</td></tr><tr><td colspan="1">We also provide those charged with gov-</td></tr><tr><td colspan="1">ernance with a statement that we have</td></tr><tr><td colspan="1">complied with relevant ethical require-</td></tr><tr><td colspan="1">ments regarding independence, and to</td></tr><tr><td colspan="1">communicate with them all relationships</td></tr><tr><td colspan="1">and other matters that may reasonably be</td></tr><tr><td colspan="1">thought to bear on our independence, and</td></tr><tr><td colspan="1">where applicable, related safeguards.</td></tr><tr><td colspan="1">From the matters communicated with</td></tr><tr><td colspan="1">those charged with governance, we de-</td></tr><tr><td colspan="1">termine those matters that were of most</td></tr><tr><td colspan="1">significance in the audit of the Financial</td></tr><tr><td colspan="1">Statements of the current period and are</td></tr><tr><td colspan="1">therefore the key audit matters. We de-</td></tr><tr><td colspan="1">scribe these matters in our auditorâs report</td></tr><tr><td colspan="1">unless law or regulation precludes public</td></tr><tr><td colspan="1">disclosure about the matter or when, in ex-</td></tr><tr><td colspan="1">tremely rare circumstances, we determine</td></tr><tr><td colspan="1">that a matter should not be communicated</td></tr><tr><td colspan="1">in our report because the adverse conse-</td></tr><tr><td colspan="1">quences of doing so would reasonably be</td></tr><tr><td colspan="1">expected to outweigh the public interest</td></tr><tr><td colspan="1">benefits of such communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="da">Hellerup</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2020-03-04</arr:SignatureOfAuditorsDate>
<ifrs-full:Revenue contextRef="ctx1" unitRef="vUSD" decimals="-5">2583900000</ifrs-full:Revenue>
<ifrs-full:OtherIncome contextRef="ctx1" unitRef="vUSD" decimals="-5">16300000</ifrs-full:OtherIncome>
<easy:VesselOperatingCosts_1990495428 contextRef="ctx1" unitRef="vUSD" decimals="-5">2305200000</easy:VesselOperatingCosts_1990495428>
<easy:OverheadAndAdministrationCosts_244599132 contextRef="ctx1" unitRef="vUSD" decimals="-5">77500000</easy:OverheadAndAdministrationCosts_244599132>
<easy:ProfitlossFromTheSaleOfVesselsEtc_306964959 contextRef="ctx1" unitRef="vUSD" decimals="-5">-3600000</easy:ProfitlossFromTheSaleOfVesselsEtc_306964959>
<ifrs-dk:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="ctx1" unitRef="vUSD" decimals="-5">156900000</ifrs-dk:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
<ifrs-dk:ProfitLossInJointVentures contextRef="ctx1" unitRef="vUSD" decimals="-5">-200000</ifrs-dk:ProfitLossInJointVentures>
<ifrs-full:FinanceIncome contextRef="ctx1" unitRef="vUSD" decimals="-5">5100000</ifrs-full:FinanceIncome>
<ifrs-full:FinanceCosts contextRef="ctx1" unitRef="vUSD" decimals="-5">37800000</ifrs-full:FinanceCosts>
<ifrs-full:ProfitLossBeforeTax contextRef="ctx1" unitRef="vUSD" decimals="-5">24100000</ifrs-full:ProfitLossBeforeTax>
<ifrs-full:IncomeTaxExpenseContinuingOperations contextRef="ctx1" unitRef="vUSD" decimals="-5">4900000</ifrs-full:IncomeTaxExpenseContinuingOperations>
<ifrs-full:ProfitLoss contextRef="ctx1" unitRef="vUSD" decimals="-5">19200000</ifrs-full:ProfitLoss>
<ifrs-full:ProfitLossAttributableToOwnersOfParent contextRef="ctx1" unitRef="vUSD" decimals="-5">19200000</ifrs-full:ProfitLossAttributableToOwnersOfParent>
<ifrs-full:BasicEarningsLossPerShare contextRef="ctx1" unitRef="share" decimals="4">0.4800</ifrs-full:BasicEarningsLossPerShare>
<ifrs-full:DilutedEarningsLossPerShare contextRef="ctx1" unitRef="share" decimals="4">0.4800</ifrs-full:DilutedEarningsLossPerShare>
<easy:FairValueAdjustmentForTheYearSecurities_80547155 contextRef="ctx1" unitRef="vUSD" decimals="-5">-300000</easy:FairValueAdjustmentForTheYearSecurities_80547155>
<ifrs-dk:HedgesValueAdjustmentsBeforeTax contextRef="ctx1" unitRef="vUSD" decimals="-5">33700000</ifrs-dk:HedgesValueAdjustmentsBeforeTax>
<ifrs-full:IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome contextRef="ctx1" unitRef="vUSD" decimals="-6">0</ifrs-full:IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome>
<ifrs-full:OtherComprehensiveIncome contextRef="ctx1" unitRef="vUSD" decimals="-5">33400000</ifrs-full:OtherComprehensiveIncome>
<ifrs-full:ComprehensiveIncome contextRef="ctx1" unitRef="vUSD" decimals="-5">52600000</ifrs-full:ComprehensiveIncome>
<ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent contextRef="ctx1" unitRef="vUSD" decimals="-5">52600000</ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent>
<easy:ReversalOfItemsFromTheIncomeStatement_944722679 contextRef="ctx1" unitRef="vUSD" decimals="-5">206700000</easy:ReversalOfItemsFromTheIncomeStatement_944722679>
<ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital contextRef="ctx1" unitRef="vUSD" decimals="-5">50500000</ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital>
<ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">7600000</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">280500000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<easy:InvestmentInSubsidiariesIncludingAcquiredCash_455698701 contextRef="ctx1" unitRef="vUSD" decimals="-6">0</easy:InvestmentInSubsidiariesIncludingAcquiredCash_455698701>
<easy:InvestmentsInJointVenture_1907246471 contextRef="ctx1" unitRef="vUSD" decimals="-6">1000000</easy:InvestmentsInJointVenture_1907246471>
<ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">4900000</ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">-90900000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:DividendsPaidClassifiedAsFinancingActivities contextRef="ctx1" unitRef="vUSD" decimals="-6">12000000</ifrs-full:DividendsPaidClassifiedAsFinancingActivities>
<ifrs-dk:PurchaseSaleOfTreasuryAssets contextRef="ctx1" unitRef="vUSD" decimals="-5">9400000</ifrs-dk:PurchaseSaleOfTreasuryAssets>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">219100000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">245900000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">124800000</ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-dk:InterestReceivedClassifiedAsFinancingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">1500000</ifrs-dk:InterestReceivedClassifiedAsFinancingActivities>
<ifrs-full:InterestPaidClassifiedAsFinancingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">39700000</ifrs-full:InterestPaidClassifiedAsFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="ctx1" unitRef="vUSD" decimals="-5">-211200000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges contextRef="ctx1" unitRef="vUSD" decimals="-5">-21600000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges>
<ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="ctx1" unitRef="vUSD" decimals="-5">-700000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
<easy:CashAndCashEquivalentsWithRateAgreementsOfMoreThanMonthsEtc_377056500 contextRef="ctx1" unitRef="vUSD" decimals="-5">116400000</easy:CashAndCashEquivalentsWithRateAgreementsOfMoreThanMonthsEtc_377056500>
<gsd:NameOfReportingEntity contextRef="ctx1" xml:lang="da">Dampskibsselskabet NORDEN A/S</gsd:NameOfReportingEntity>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx1" xml:lang="da">2900</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx1" xml:lang="da">Hellerup</gsd:AddressOfReportingEntityDistrictName>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx1" xml:lang="da">Strandvejen</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx1" xml:lang="da">52</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx1">67758919</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:RegisteredOfficeOfReportingEntity contextRef="ctx1" xml:lang="da">Gentofte</gsd:RegisteredOfficeOfReportingEntity>
<gsd:HomepageOfReportingEntity contextRef="ctx1">www.ds-norden.com</gsd:HomepageOfReportingEntity>
<gsd:AddressOfReportingEntityCountry contextRef="ctx1" xml:lang="da">Denmark</gsd:AddressOfReportingEntityCountry>
<gsd:DateOfGeneralMeeting contextRef="ctx1">2020-06-12</gsd:DateOfGeneralMeeting>
<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" xml:lang="da">Henning Aasmul-Olsen</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx1">Ã
rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">67758919</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx1" xml:lang="da">Dampskibsselskabet Norden A/S</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="da">Strandvejen 52</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="da">2900 Hellerup</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx1">2018-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx1">2018-12-31</gsd:PredingReportingPeriodEndDate>
<cmn:TypeOfAuditorAssistance contextRef="ctx1">Revisionspåtegning</cmn:TypeOfAuditorAssistance>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx2" xml:lang="da">Klaus Nyborg</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx2" xml:lang="da">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx3" xml:lang="da">Johanne Riegels ÃstergÃ¥rd</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx3" xml:lang="da">Vice Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx4" xml:lang="da">Karsten Knudsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx5" xml:lang="da">Thomas Intrator</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx6" xml:lang="da">Helle Ãstergaard Kristiansen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx7" xml:lang="da">Stephen John Kunzer</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx8" xml:lang="da">Lars Enkegaard Biilmann</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx8" xml:lang="da">employee representative</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx9" xml:lang="da">Jesper Svenstrup</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx9" xml:lang="da">employee representative</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx10" xml:lang="da">Susanne Fauerskov</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx10" xml:lang="da">employee representative</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx11" xml:lang="da">Jan Rindbo</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx11" xml:lang="da">CEO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx12" xml:lang="da">Martin Badsted</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx12" xml:lang="da">CFO</cmn:TitleOfMemberOfExecutiveBoard>
<ifrs-full:Revenue contextRef="ctx13" unitRef="vUSD" decimals="-5">2451400000</ifrs-full:Revenue>
<ifrs-full:OtherIncome contextRef="ctx13" unitRef="vUSD" decimals="-5">3100000</ifrs-full:OtherIncome>
<easy:VesselOperatingCosts_1990495428 contextRef="ctx13" unitRef="vUSD" decimals="-5">2322200000</easy:VesselOperatingCosts_1990495428>
<easy:OverheadAndAdministrationCosts_244599132 contextRef="ctx13" unitRef="vUSD" decimals="-5">59800000</easy:OverheadAndAdministrationCosts_244599132>
<easy:ProfitlossFromTheSaleOfVesselsEtc_306964959 contextRef="ctx13" unitRef="vUSD" decimals="-5">8800000</easy:ProfitlossFromTheSaleOfVesselsEtc_306964959>
<ifrs-dk:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="ctx13" unitRef="vUSD" decimals="-5">44300000</ifrs-dk:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
<ifrs-dk:ProfitLossInJointVentures contextRef="ctx13" unitRef="vUSD" decimals="-5">2400000</ifrs-dk:ProfitLossInJointVentures>
<ifrs-full:FinanceIncome contextRef="ctx13" unitRef="vUSD" decimals="-6">9000000</ifrs-full:FinanceIncome>
<ifrs-full:FinanceCosts contextRef="ctx13" unitRef="vUSD" decimals="-5">15900000</ifrs-full:FinanceCosts>
<ifrs-full:ProfitLossBeforeTax contextRef="ctx13" unitRef="vUSD" decimals="-5">32500000</ifrs-full:ProfitLossBeforeTax>
<ifrs-full:IncomeTaxExpenseContinuingOperations contextRef="ctx13" unitRef="vUSD" decimals="-5">3700000</ifrs-full:IncomeTaxExpenseContinuingOperations>
<ifrs-full:ProfitLoss contextRef="ctx13" unitRef="vUSD" decimals="-5">28800000</ifrs-full:ProfitLoss>
<ifrs-full:ProfitLossAttributableToOwnersOfParent contextRef="ctx13" unitRef="vUSD" decimals="-5">28800000</ifrs-full:ProfitLossAttributableToOwnersOfParent>
<ifrs-full:BasicEarningsLossPerShare contextRef="ctx13" unitRef="share" decimals="4">0.7100</ifrs-full:BasicEarningsLossPerShare>
<ifrs-full:DilutedEarningsLossPerShare contextRef="ctx13" unitRef="share" decimals="4">0.7100</ifrs-full:DilutedEarningsLossPerShare>
<easy:FairValueAdjustmentForTheYearSecurities_80547155 contextRef="ctx13" unitRef="vUSD" decimals="-5">-100000</easy:FairValueAdjustmentForTheYearSecurities_80547155>
<ifrs-dk:HedgesValueAdjustmentsBeforeTax contextRef="ctx13" unitRef="vUSD" decimals="-5">-31400000</ifrs-dk:HedgesValueAdjustmentsBeforeTax>
<ifrs-full:IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome contextRef="ctx13" unitRef="vUSD" decimals="-6">0</ifrs-full:IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome>
<ifrs-full:OtherComprehensiveIncome contextRef="ctx13" unitRef="vUSD" decimals="-5">-31500000</ifrs-full:OtherComprehensiveIncome>
<ifrs-full:ComprehensiveIncome contextRef="ctx13" unitRef="vUSD" decimals="-5">-2700000</ifrs-full:ComprehensiveIncome>
<ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent contextRef="ctx13" unitRef="vUSD" decimals="-5">-2700000</ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent>
<easy:ReversalOfItemsFromTheIncomeStatement_944722679 contextRef="ctx13" unitRef="vUSD" decimals="-5">16900000</easy:ReversalOfItemsFromTheIncomeStatement_944722679>
<ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital contextRef="ctx13" unitRef="vUSD" decimals="-5">-61200000</ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital>
<ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="ctx13" unitRef="vUSD" decimals="-5">300000</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="ctx13" unitRef="vUSD" decimals="-5">-15800000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<easy:InvestmentInSubsidiariesIncludingAcquiredCash_455698701 contextRef="ctx13" unitRef="vUSD" decimals="-5">-7700000</easy:InvestmentInSubsidiariesIncludingAcquiredCash_455698701>
<easy:InvestmentsInJointVenture_1907246471 contextRef="ctx13" unitRef="vUSD" decimals="-5">1100000</easy:InvestmentsInJointVenture_1907246471>
<ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities contextRef="ctx13" unitRef="vUSD" decimals="-6">4000000</ifrs-dk:ProceedsFromSalesOfFinancialAssetsClassifiedAsInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="ctx13" unitRef="vUSD" decimals="-5">-78400000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:DividendsPaidClassifiedAsFinancingActivities contextRef="ctx13" unitRef="vUSD" decimals="-6">0</ifrs-full:DividendsPaidClassifiedAsFinancingActivities>
<ifrs-dk:PurchaseSaleOfTreasuryAssets contextRef="ctx13" unitRef="vUSD" decimals="-5">5900000</ifrs-dk:PurchaseSaleOfTreasuryAssets>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="ctx13" unitRef="vUSD" decimals="-5">138700000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="ctx13" unitRef="vUSD" decimals="-5">28500000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="ctx13" unitRef="vUSD" decimals="-6">0</ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-dk:InterestReceivedClassifiedAsFinancingActivities contextRef="ctx13" unitRef="vUSD" decimals="-5">6300000</ifrs-dk:InterestReceivedClassifiedAsFinancingActivities>
<ifrs-full:InterestPaidClassifiedAsFinancingActivities contextRef="ctx13" unitRef="vUSD" decimals="-5">15200000</ifrs-full:InterestPaidClassifiedAsFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="ctx13" unitRef="vUSD" decimals="-5">95400000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges contextRef="ctx13" unitRef="vUSD" decimals="-5">1200000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges>
<ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="ctx13" unitRef="vUSD" decimals="-5">-1600000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
<easy:CashAndCashEquivalentsWithRateAgreementsOfMoreThanMonthsEtc_377056500 contextRef="ctx13" unitRef="vUSD" decimals="-5">69200000</easy:CashAndCashEquivalentsWithRateAgreementsOfMoreThanMonthsEtc_377056500>
<easy:Vessels_118146476 contextRef="ctx14" unitRef="vUSD" decimals="-5">803400000</easy:Vessels_118146476>
<easy:RightofuseAssets_765686844 contextRef="ctx14" unitRef="vUSD" decimals="-6">271000000</easy:RightofuseAssets_765686844>
<easy:PropertyAndEquipment_257143763 contextRef="ctx14" unitRef="vUSD" decimals="-6">49000000</easy:PropertyAndEquipment_257143763>
<ifrs-dk:PrepaymentsForPropertyPlantAndEquipment contextRef="ctx14" unitRef="vUSD" decimals="-5">16100000</ifrs-dk:PrepaymentsForPropertyPlantAndEquipment>
<ifrs-full:InvestmentsInJointVentures contextRef="ctx14" unitRef="vUSD" decimals="-5">11900000</ifrs-full:InvestmentsInJointVentures>
<easy:ReceivablesFromSubleasing_1765753915 contextRef="ctx14" unitRef="vUSD" decimals="-5">19200000</easy:ReceivablesFromSubleasing_1765753915>
<ifrs-full:NoncurrentAssets contextRef="ctx14" unitRef="vUSD" decimals="-5">1170600000</ifrs-full:NoncurrentAssets>
<ifrs-full:Inventories contextRef="ctx14" unitRef="vUSD" decimals="-5">80500000</ifrs-full:Inventories>
<easy:ReceivablesFromSubleasing_619387289 contextRef="ctx14" unitRef="vUSD" decimals="-5">11300000</easy:ReceivablesFromSubleasing_619387289>
<easy:FreightReceivables_651800457 contextRef="ctx14" unitRef="vUSD" decimals="-6">164000000</easy:FreightReceivables_651800457>
<ifrs-dk:CurrentReceivablesFromJointVentures contextRef="ctx14" unitRef="vUSD" decimals="-5">5800000</ifrs-dk:CurrentReceivablesFromJointVentures>
<ifrs-full:CurrentTaxAssetsCurrent contextRef="ctx14" unitRef="vUSD" decimals="-5">900000</ifrs-full:CurrentTaxAssetsCurrent>
<ifrs-full:OtherCurrentReceivables contextRef="ctx14" unitRef="vUSD" decimals="-5">31600000</ifrs-full:OtherCurrentReceivables>
<ifrs-full:CurrentPrepayments contextRef="ctx14" unitRef="vUSD" decimals="-5">68400000</ifrs-full:CurrentPrepayments>
<ifrs-dk:CurrentSecurities contextRef="ctx14" unitRef="vUSD" decimals="-6">0</ifrs-dk:CurrentSecurities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx14" unitRef="vUSD" decimals="-5">209300000</ifrs-full:CashAndCashEquivalents>
<easy:VesselsHeldForSale_129507284 contextRef="ctx14" unitRef="vUSD" decimals="-6">0</easy:VesselsHeldForSale_129507284>
<ifrs-full:CurrentAssets contextRef="ctx14" unitRef="vUSD" decimals="-5">571800000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx14" unitRef="vUSD" decimals="-5">1742400000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx14" unitRef="vUSD" decimals="-5">6700000</ifrs-full:IssuedCapital>
<ifrs-full:OtherReserves contextRef="ctx14" unitRef="vUSD" decimals="-5">8900000</ifrs-full:OtherReserves>
<ifrs-full:RetainedEarnings contextRef="ctx14" unitRef="vUSD" decimals="-5">843400000</ifrs-full:RetainedEarnings>
<ifrs-full:Equity contextRef="ctx14" unitRef="vUSD" decimals="-6">859000000</ifrs-full:Equity>
<ifrs-full:LongtermBorrowings contextRef="ctx14" unitRef="vUSD" decimals="-5">268400000</ifrs-full:LongtermBorrowings>
<ifrs-full:NoncurrentFinanceLeaseLiabilities contextRef="ctx14" unitRef="vUSD" decimals="-5">198700000</ifrs-full:NoncurrentFinanceLeaseLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx14" unitRef="vUSD" decimals="-6">0</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx14" unitRef="vUSD" decimals="-5">467100000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentPayablesToCreditInstitutions contextRef="ctx14" unitRef="vUSD" decimals="-5">34900000</ifrs-dk:CurrentPayablesToCreditInstitutions>
<ifrs-full:CurrentFinanceLeaseLiabilities contextRef="ctx14" unitRef="vUSD" decimals="-5">131800000</ifrs-full:CurrentFinanceLeaseLiabilities>
<ifrs-full:CurrentProvisions contextRef="ctx14" unitRef="vUSD" decimals="-6">0</ifrs-full:CurrentProvisions>
<ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="ctx14" unitRef="vUSD" decimals="-5">117600000</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx14" unitRef="vUSD" decimals="-6">0</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:OtherCurrentPayables contextRef="ctx14" unitRef="vUSD" decimals="-5">58500000</ifrs-full:OtherCurrentPayables>
<ifrs-full:DeferredIncomeClassifiedAsCurrent contextRef="ctx14" unitRef="vUSD" decimals="-5">73500000</ifrs-full:DeferredIncomeClassifiedAsCurrent>
<ifrs-dk:LiabilitiesAssociatedWithAssetsHeldForSale contextRef="ctx14" unitRef="vUSD" decimals="-6">0</ifrs-dk:LiabilitiesAssociatedWithAssetsHeldForSale>
<ifrs-full:CurrentLiabilities contextRef="ctx14" unitRef="vUSD" decimals="-5">416300000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx14" unitRef="vUSD" decimals="-5">883400000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx14" unitRef="vUSD" decimals="-5">1742400000</ifrs-full:EquityAndLiabilities>
<easy:Vessels_118146476 contextRef="ctx15" unitRef="vUSD" decimals="-5">795600000</easy:Vessels_118146476>
<easy:RightofuseAssets_765686844 contextRef="ctx15" unitRef="vUSD" decimals="-6">0</easy:RightofuseAssets_765686844>
<easy:PropertyAndEquipment_257143763 contextRef="ctx15" unitRef="vUSD" decimals="-5">49500000</easy:PropertyAndEquipment_257143763>
<ifrs-dk:PrepaymentsForPropertyPlantAndEquipment contextRef="ctx15" unitRef="vUSD" decimals="-5">24900000</ifrs-dk:PrepaymentsForPropertyPlantAndEquipment>
<ifrs-full:InvestmentsInJointVentures contextRef="ctx15" unitRef="vUSD" decimals="-5">11800000</ifrs-full:InvestmentsInJointVentures>
<easy:ReceivablesFromSubleasing_1765753915 contextRef="ctx15" unitRef="vUSD" decimals="-6">0</easy:ReceivablesFromSubleasing_1765753915>
<ifrs-full:NoncurrentAssets contextRef="ctx15" unitRef="vUSD" decimals="-5">881800000</ifrs-full:NoncurrentAssets>
<ifrs-full:Inventories contextRef="ctx15" unitRef="vUSD" decimals="-5">87200000</ifrs-full:Inventories>
<easy:ReceivablesFromSubleasing_619387289 contextRef="ctx15" unitRef="vUSD" decimals="-6">0</easy:ReceivablesFromSubleasing_619387289>
<easy:FreightReceivables_651800457 contextRef="ctx15" unitRef="vUSD" decimals="-5">172600000</easy:FreightReceivables_651800457>
<ifrs-dk:CurrentReceivablesFromJointVentures contextRef="ctx15" unitRef="vUSD" decimals="-5">12400000</ifrs-dk:CurrentReceivablesFromJointVentures>
<ifrs-full:CurrentTaxAssetsCurrent contextRef="ctx15" unitRef="vUSD" decimals="-6">0</ifrs-full:CurrentTaxAssetsCurrent>
<ifrs-full:OtherCurrentReceivables contextRef="ctx15" unitRef="vUSD" decimals="-5">28400000</ifrs-full:OtherCurrentReceivables>
<ifrs-full:CurrentPrepayments contextRef="ctx15" unitRef="vUSD" decimals="-5">93400000</ifrs-full:CurrentPrepayments>
<ifrs-dk:CurrentSecurities contextRef="ctx15" unitRef="vUSD" decimals="-5">4200000</ifrs-dk:CurrentSecurities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx15" unitRef="vUSD" decimals="-5">184400000</ifrs-full:CashAndCashEquivalents>
<easy:VesselsHeldForSale_129507284 contextRef="ctx15" unitRef="vUSD" decimals="-6">0</easy:VesselsHeldForSale_129507284>
<ifrs-full:CurrentAssets contextRef="ctx15" unitRef="vUSD" decimals="-5">582600000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx15" unitRef="vUSD" decimals="-5">1464400000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx15" unitRef="vUSD" decimals="-5">6700000</ifrs-full:IssuedCapital>
<ifrs-full:OtherReserves contextRef="ctx15" unitRef="vUSD" decimals="-5">-24500000</ifrs-full:OtherReserves>
<ifrs-full:RetainedEarnings contextRef="ctx15" unitRef="vUSD" decimals="-5">844600000</ifrs-full:RetainedEarnings>
<ifrs-full:Equity contextRef="ctx15" unitRef="vUSD" decimals="-5">826800000</ifrs-full:Equity>
<ifrs-full:LongtermBorrowings contextRef="ctx15" unitRef="vUSD" decimals="-5">206500000</ifrs-full:LongtermBorrowings>
<ifrs-full:NoncurrentFinanceLeaseLiabilities contextRef="ctx15" unitRef="vUSD" decimals="-6">0</ifrs-full:NoncurrentFinanceLeaseLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx15" unitRef="vUSD" decimals="-5">21300000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx15" unitRef="vUSD" decimals="-5">227800000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentPayablesToCreditInstitutions contextRef="ctx15" unitRef="vUSD" decimals="-5">125500000</ifrs-dk:CurrentPayablesToCreditInstitutions>
<ifrs-full:CurrentFinanceLeaseLiabilities contextRef="ctx15" unitRef="vUSD" decimals="-6">0</ifrs-full:CurrentFinanceLeaseLiabilities>
<ifrs-full:CurrentProvisions contextRef="ctx15" unitRef="vUSD" decimals="-6">19000000</ifrs-full:CurrentProvisions>
<ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="ctx15" unitRef="vUSD" decimals="-5">118800000</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx15" unitRef="vUSD" decimals="-5">2700000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:OtherCurrentPayables contextRef="ctx15" unitRef="vUSD" decimals="-5">54900000</ifrs-full:OtherCurrentPayables>
<ifrs-full:DeferredIncomeClassifiedAsCurrent contextRef="ctx15" unitRef="vUSD" decimals="-5">88900000</ifrs-full:DeferredIncomeClassifiedAsCurrent>
<ifrs-dk:LiabilitiesAssociatedWithAssetsHeldForSale contextRef="ctx15" unitRef="vUSD" decimals="-6">0</ifrs-dk:LiabilitiesAssociatedWithAssetsHeldForSale>
<ifrs-full:CurrentLiabilities contextRef="ctx15" unitRef="vUSD" decimals="-5">409800000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx15" unitRef="vUSD" decimals="-5">637600000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx15" unitRef="vUSD" decimals="-5">1464400000</ifrs-full:EquityAndLiabilities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx16" xml:lang="da">Instalments on sublease receivables</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx16" unitRef="vUSD" decimals="-5">11700000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx17" xml:lang="da">Instalments on sublease receivables</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx17" unitRef="vUSD" decimals="-6">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx18" xml:lang="da">Investments in vessels, vessels held for sale and other tangible assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx18" unitRef="vUSD" decimals="-5">-102700000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx19" xml:lang="da">Investments in vessels, vessels held for sale and other tangible assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx19" unitRef="vUSD" decimals="-5">-202700000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx20" xml:lang="da">Additions in prepayments on newbuildings</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx20" unitRef="vUSD" decimals="-5">-43200000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx21" xml:lang="da">Additions in prepayments on newbuildings</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx21" unitRef="vUSD" decimals="-5">-1300000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx22" xml:lang="da">Proceeds from sale of vessels and newbuildings</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx22" unitRef="vUSD" decimals="-5">98300000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx23" xml:lang="da">Proceeds from sale of vessels and newbuildings</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx23" unitRef="vUSD" decimals="-5">88400000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx24" xml:lang="da">Change in cash and cash equivalents with rate agreements of more than 3 months, etc.</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx24" unitRef="vUSD" decimals="-5">-47200000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx25" xml:lang="da">Change in cash and cash equivalents with rate agreements of more than 3 months, etc.</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx25" unitRef="vUSD" decimals="-5">26600000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx26" unitRef="vUSD" decimals="-5">115200000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx27" unitRef="vUSD" decimals="-5">115600000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:Revenue contextRef="ctx28" unitRef="vUSD" decimals="-5">2432200000</ifrs-full:Revenue>
<ifrs-full:OtherIncome contextRef="ctx28" unitRef="vUSD" decimals="-5">3700000</ifrs-full:OtherIncome>
<easy:VesselOperatingCosts_1990495428 contextRef="ctx28" unitRef="vUSD" decimals="-5">2151100000</easy:VesselOperatingCosts_1990495428>
<ifrs-full:OtherExpenseByNature contextRef="ctx28" unitRef="vUSD" decimals="-5">25900000</ifrs-full:OtherExpenseByNature>
<ifrs-full:EmployeeBenefitsExpense contextRef="ctx28" unitRef="vUSD" decimals="-5">64500000</ifrs-full:EmployeeBenefitsExpense>
<easy:ProfitlossFromTheSaleOfVesselsEtc_306964959 contextRef="ctx28" unitRef="vUSD" decimals="-6">-4000000</easy:ProfitlossFromTheSaleOfVesselsEtc_306964959>
<ifrs-dk:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="ctx28" unitRef="vUSD" decimals="-5">149600000</ifrs-dk:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
<ifrs-dk:ProfitLossInSubsidiaries contextRef="ctx28" unitRef="vUSD" decimals="-5">18500000</ifrs-dk:ProfitLossInSubsidiaries>
<ifrs-dk:ProfitLossInJointVentures contextRef="ctx28" unitRef="vUSD" decimals="-6">0</ifrs-dk:ProfitLossInJointVentures>
<ifrs-full:FinanceIncome contextRef="ctx28" unitRef="vUSD" decimals="-5">4900000</ifrs-full:FinanceIncome>
<ifrs-full:FinanceCosts contextRef="ctx28" unitRef="vUSD" decimals="-5">40700000</ifrs-full:FinanceCosts>
<ifrs-full:ProfitLossBeforeTax contextRef="ctx28" unitRef="vUSD" decimals="-5">23500000</ifrs-full:ProfitLossBeforeTax>
<ifrs-full:IncomeTaxExpenseContinuingOperations contextRef="ctx28" unitRef="vUSD" decimals="-5">4300000</ifrs-full:IncomeTaxExpenseContinuingOperations>
<ifrs-full:ProfitLoss contextRef="ctx28" unitRef="vUSD" decimals="-5">19200000</ifrs-full:ProfitLoss>
<ifrs-full:Revenue contextRef="ctx29" unitRef="vUSD" decimals="-5">2253200000</ifrs-full:Revenue>
<ifrs-full:OtherIncome contextRef="ctx29" unitRef="vUSD" decimals="-5">4200000</ifrs-full:OtherIncome>
<easy:VesselOperatingCosts_1990495428 contextRef="ctx29" unitRef="vUSD" decimals="-5">2139500000</easy:VesselOperatingCosts_1990495428>
<ifrs-full:OtherExpenseByNature contextRef="ctx29" unitRef="vUSD" decimals="-5">20300000</ifrs-full:OtherExpenseByNature>
<ifrs-full:EmployeeBenefitsExpense contextRef="ctx29" unitRef="vUSD" decimals="-5">59700000</ifrs-full:EmployeeBenefitsExpense>
<easy:ProfitlossFromTheSaleOfVesselsEtc_306964959 contextRef="ctx29" unitRef="vUSD" decimals="-5">-200000</easy:ProfitlossFromTheSaleOfVesselsEtc_306964959>
<ifrs-dk:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="ctx29" unitRef="vUSD" decimals="-5">26800000</ifrs-dk:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
<ifrs-dk:ProfitLossInSubsidiaries contextRef="ctx29" unitRef="vUSD" decimals="-5">33900000</ifrs-dk:ProfitLossInSubsidiaries>
<ifrs-dk:ProfitLossInJointVentures contextRef="ctx29" unitRef="vUSD" decimals="-5">-1600000</ifrs-dk:ProfitLossInJointVentures>
<ifrs-full:FinanceIncome contextRef="ctx29" unitRef="vUSD" decimals="-5">4400000</ifrs-full:FinanceIncome>
<ifrs-full:FinanceCosts contextRef="ctx29" unitRef="vUSD" decimals="-5">15700000</ifrs-full:FinanceCosts>
<ifrs-full:ProfitLossBeforeTax contextRef="ctx29" unitRef="vUSD" decimals="-5">31900000</ifrs-full:ProfitLossBeforeTax>
<ifrs-full:IncomeTaxExpenseContinuingOperations contextRef="ctx29" unitRef="vUSD" decimals="-5">3300000</ifrs-full:IncomeTaxExpenseContinuingOperations>
<ifrs-full:ProfitLoss contextRef="ctx29" unitRef="vUSD" decimals="-5">28600000</ifrs-full:ProfitLoss>
<easy:Vessels_118146476 contextRef="ctx30" unitRef="vUSD" decimals="-5">592200000</easy:Vessels_118146476>
<easy:RightofuseAssets_765686844 contextRef="ctx30" unitRef="vUSD" decimals="-5">284300000</easy:RightofuseAssets_765686844>
<easy:PropertyAndEquipment_257143763 contextRef="ctx30" unitRef="vUSD" decimals="-5">48500000</easy:PropertyAndEquipment_257143763>
<ifrs-dk:PrepaymentsForPropertyPlantAndEquipment contextRef="ctx30" unitRef="vUSD" decimals="-5">16100000</ifrs-dk:PrepaymentsForPropertyPlantAndEquipment>
<ifrs-full:InvestmentsInSubsidiaries contextRef="ctx30" unitRef="vUSD" decimals="-5">356400000</ifrs-full:InvestmentsInSubsidiaries>
<ifrs-full:InvestmentsInJointVentures contextRef="ctx30" unitRef="vUSD" decimals="-6">0</ifrs-full:InvestmentsInJointVentures>
<easy:ReceivablesFromSubleasing_1765753915 contextRef="ctx30" unitRef="vUSD" decimals="-5">12900000</easy:ReceivablesFromSubleasing_1765753915>
<ifrs-full:NoncurrentAssets contextRef="ctx30" unitRef="vUSD" decimals="-5">1310400000</ifrs-full:NoncurrentAssets>
<ifrs-full:Inventories contextRef="ctx30" unitRef="vUSD" decimals="-6">78000000</ifrs-full:Inventories>
<easy:ReceivablesFromSubleasing_619387289 contextRef="ctx30" unitRef="vUSD" decimals="-5">7900000</easy:ReceivablesFromSubleasing_619387289>
<easy:FreightReceivables_651800457 contextRef="ctx30" unitRef="vUSD" decimals="-6">156000000</easy:FreightReceivables_651800457>
<ifrs-dk:CurrentReceivablesFromSubsidaries contextRef="ctx30" unitRef="vUSD" decimals="-5">8300000</ifrs-dk:CurrentReceivablesFromSubsidaries>
<ifrs-dk:CurrentReceivablesFromJointVentures contextRef="ctx30" unitRef="vUSD" decimals="-5">1600000</ifrs-dk:CurrentReceivablesFromJointVentures>
<ifrs-full:CurrentTaxAssetsCurrent contextRef="ctx30" unitRef="vUSD" decimals="-5">600000</ifrs-full:CurrentTaxAssetsCurrent>
<ifrs-full:OtherCurrentReceivables contextRef="ctx30" unitRef="vUSD" decimals="-6">30000000</ifrs-full:OtherCurrentReceivables>
<ifrs-full:CurrentPrepayments contextRef="ctx30" unitRef="vUSD" decimals="-5">64100000</ifrs-full:CurrentPrepayments>
<ifrs-dk:CurrentSecurities contextRef="ctx30" unitRef="vUSD" decimals="-6">0</ifrs-dk:CurrentSecurities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx30" unitRef="vUSD" decimals="-5">187100000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CurrentAssets contextRef="ctx30" unitRef="vUSD" decimals="-5">533600000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx30" unitRef="vUSD" decimals="-6">1844000000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx30" unitRef="vUSD" decimals="-5">6700000</ifrs-full:IssuedCapital>
<easy:ReserveForNetRevaluationAccordingToTheEquityMethod_919049436 contextRef="ctx30" unitRef="vUSD" decimals="-5">332300000</easy:ReserveForNetRevaluationAccordingToTheEquityMethod_919049436>
<ifrs-full:RetainedEarnings contextRef="ctx30" unitRef="vUSD" decimals="-5">504200000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx30" unitRef="vUSD" decimals="-5">15800000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx30" unitRef="vUSD" decimals="-6">859000000</ifrs-full:Equity>
<ifrs-full:LongtermBorrowings contextRef="ctx30" unitRef="vUSD" decimals="-5">268400000</ifrs-full:LongtermBorrowings>
<ifrs-full:NoncurrentFinanceLeaseLiabilities contextRef="ctx30" unitRef="vUSD" decimals="-5">195300000</ifrs-full:NoncurrentFinanceLeaseLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx30" unitRef="vUSD" decimals="-6">0</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx30" unitRef="vUSD" decimals="-5">463700000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentPayablesToCreditInstitutions contextRef="ctx30" unitRef="vUSD" decimals="-5">34900000</ifrs-dk:CurrentPayablesToCreditInstitutions>
<ifrs-full:CurrentFinanceLeaseLiabilities contextRef="ctx30" unitRef="vUSD" decimals="-5">132600000</ifrs-full:CurrentFinanceLeaseLiabilities>
<ifrs-full:CurrentProvisions contextRef="ctx30" unitRef="vUSD" decimals="-6">0</ifrs-full:CurrentProvisions>
<ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="ctx30" unitRef="vUSD" decimals="-5">111300000</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers>
<ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries contextRef="ctx30" unitRef="vUSD" decimals="-5">129400000</ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx30" unitRef="vUSD" decimals="-6">0</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:OtherCurrentPayables contextRef="ctx30" unitRef="vUSD" decimals="-5">41600000</ifrs-full:OtherCurrentPayables>
<ifrs-full:DeferredIncomeClassifiedAsCurrent contextRef="ctx30" unitRef="vUSD" decimals="-5">71500000</ifrs-full:DeferredIncomeClassifiedAsCurrent>
<ifrs-full:CurrentLiabilities contextRef="ctx30" unitRef="vUSD" decimals="-5">521300000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx30" unitRef="vUSD" decimals="-6">985000000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx30" unitRef="vUSD" decimals="-6">1844000000</ifrs-full:EquityAndLiabilities>
<easy:Vessels_118146476 contextRef="ctx31" unitRef="vUSD" decimals="-5">522100000</easy:Vessels_118146476>
<easy:RightofuseAssets_765686844 contextRef="ctx31" unitRef="vUSD" decimals="-6">0</easy:RightofuseAssets_765686844>
<easy:PropertyAndEquipment_257143763 contextRef="ctx31" unitRef="vUSD" decimals="-6">49000000</easy:PropertyAndEquipment_257143763>
<ifrs-dk:PrepaymentsForPropertyPlantAndEquipment contextRef="ctx31" unitRef="vUSD" decimals="-5">24900000</ifrs-dk:PrepaymentsForPropertyPlantAndEquipment>
<ifrs-full:InvestmentsInSubsidiaries contextRef="ctx31" unitRef="vUSD" decimals="-6">444000000</ifrs-full:InvestmentsInSubsidiaries>
<ifrs-full:InvestmentsInJointVentures contextRef="ctx31" unitRef="vUSD" decimals="-5">100000</ifrs-full:InvestmentsInJointVentures>
<easy:ReceivablesFromSubleasing_1765753915 contextRef="ctx31" unitRef="vUSD" decimals="-6">0</easy:ReceivablesFromSubleasing_1765753915>
<ifrs-full:NoncurrentAssets contextRef="ctx31" unitRef="vUSD" decimals="-5">1040100000</ifrs-full:NoncurrentAssets>
<ifrs-full:Inventories contextRef="ctx31" unitRef="vUSD" decimals="-5">80300000</ifrs-full:Inventories>
<easy:ReceivablesFromSubleasing_619387289 contextRef="ctx31" unitRef="vUSD" decimals="-6">0</easy:ReceivablesFromSubleasing_619387289>
<easy:FreightReceivables_651800457 contextRef="ctx31" unitRef="vUSD" decimals="-5">145200000</easy:FreightReceivables_651800457>
<ifrs-dk:CurrentReceivablesFromSubsidaries contextRef="ctx31" unitRef="vUSD" decimals="-5">800000</ifrs-dk:CurrentReceivablesFromSubsidaries>
<ifrs-dk:CurrentReceivablesFromJointVentures contextRef="ctx31" unitRef="vUSD" decimals="-5">32400000</ifrs-dk:CurrentReceivablesFromJointVentures>
<ifrs-full:CurrentTaxAssetsCurrent contextRef="ctx31" unitRef="vUSD" decimals="-6">0</ifrs-full:CurrentTaxAssetsCurrent>
<ifrs-full:OtherCurrentReceivables contextRef="ctx31" unitRef="vUSD" decimals="-5">27600000</ifrs-full:OtherCurrentReceivables>
<ifrs-full:CurrentPrepayments contextRef="ctx31" unitRef="vUSD" decimals="-5">75800000</ifrs-full:CurrentPrepayments>
<ifrs-dk:CurrentSecurities contextRef="ctx31" unitRef="vUSD" decimals="-5">4200000</ifrs-dk:CurrentSecurities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx31" unitRef="vUSD" decimals="-5">164700000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CurrentAssets contextRef="ctx31" unitRef="vUSD" decimals="-6">531000000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx31" unitRef="vUSD" decimals="-5">1571100000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx31" unitRef="vUSD" decimals="-5">6700000</ifrs-full:IssuedCapital>
<easy:ReserveForNetRevaluationAccordingToTheEquityMethod_919049436 contextRef="ctx31" unitRef="vUSD" decimals="-6">420000000</easy:ReserveForNetRevaluationAccordingToTheEquityMethod_919049436>
<ifrs-full:RetainedEarnings contextRef="ctx31" unitRef="vUSD" decimals="-5">387300000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx31" unitRef="vUSD" decimals="-5">12800000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx31" unitRef="vUSD" decimals="-5">826800000</ifrs-full:Equity>
<ifrs-full:LongtermBorrowings contextRef="ctx31" unitRef="vUSD" decimals="-5">206500000</ifrs-full:LongtermBorrowings>
<ifrs-full:NoncurrentFinanceLeaseLiabilities contextRef="ctx31" unitRef="vUSD" decimals="-6">0</ifrs-full:NoncurrentFinanceLeaseLiabilities>
<ifrs-full:NoncurrentProvisions contextRef="ctx31" unitRef="vUSD" decimals="-5">8300000</ifrs-full:NoncurrentProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx31" unitRef="vUSD" decimals="-5">214800000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentPayablesToCreditInstitutions contextRef="ctx31" unitRef="vUSD" decimals="-5">125500000</ifrs-dk:CurrentPayablesToCreditInstitutions>
<ifrs-full:CurrentFinanceLeaseLiabilities contextRef="ctx31" unitRef="vUSD" decimals="-6">0</ifrs-full:CurrentFinanceLeaseLiabilities>
<ifrs-full:CurrentProvisions contextRef="ctx31" unitRef="vUSD" decimals="-5">12400000</ifrs-full:CurrentProvisions>
<ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="ctx31" unitRef="vUSD" decimals="-5">108200000</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers>
<ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries contextRef="ctx31" unitRef="vUSD" decimals="-5">153700000</ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx31" unitRef="vUSD" decimals="-5">3300000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:OtherCurrentPayables contextRef="ctx31" unitRef="vUSD" decimals="-5">47700000</ifrs-full:OtherCurrentPayables>
<ifrs-full:DeferredIncomeClassifiedAsCurrent contextRef="ctx31" unitRef="vUSD" decimals="-5">78700000</ifrs-full:DeferredIncomeClassifiedAsCurrent>
<ifrs-full:CurrentLiabilities contextRef="ctx31" unitRef="vUSD" decimals="-5">529500000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx31" unitRef="vUSD" decimals="-5">744300000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx31" unitRef="vUSD" decimals="-5">1571100000</ifrs-full:EquityAndLiabilities>
<cmn:NameOfAuditFirm contextRef="ctx32" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx32">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx32" xml:lang="da">Bo Schou-Jacobsen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx32" xml:lang="da">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<arr:IdentificationNumberOfAuditor contextRef="ctx32">mne28703</arr:IdentificationNumberOfAuditor>
<gsd:AddressOfAuditorStreetName contextRef="ctx32" xml:lang="da">Strandvejen</gsd:AddressOfAuditorStreetName>
<gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx32" xml:lang="da">44</gsd:AddressOfAuditorStreetBuildingIdentifier>
<gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx32" xml:lang="da">2900</gsd:AddressOfAuditorPostCodeIdentifier>
<gsd:AddressOfAuditorDistrictName contextRef="ctx32" xml:lang="da">Hellerup</gsd:AddressOfAuditorDistrictName>
<cmn:NameAndSurnameOfAuditor contextRef="ctx33" xml:lang="da">Søren Ãrjan Jensen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx33" xml:lang="da">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<arr:IdentificationNumberOfAuditor contextRef="ctx33">mne33226</arr:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx33">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx33" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
</xbrli:xbrl>