Assets

Type	Time	Amount	Unit
ifrs-full:Assets	2019-12-31	7800000	EUR
ifrs-full:Assets	2018-12-31	128000000	EUR
ifrs-full:Assets	2019-12-31	41000000	EUR
ifrs-full:Assets	2018-12-31	199000000	EUR

Revenue

Type	Start date	End date	Amount	Unit

XML

See the xml submitted here:

XML: http://regnskaber.virk.dk/61714062/amNsb3VkczovLzAzLzE5L2M3L2JjLzk2LzhlMWEtNDViYi1hNmQwLTQ2YTE1NWM0YWExNw.xml

Separator

The full data:

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contextRef="duration_CY_C_only">Denmark</gsd:AddressOfReportingEntityCountry><gsd:TelephoneNumberOfReportingEntity contextRef="duration_CY_C_only">+45 3525 4300</gsd:TelephoneNumberOfReportingEntity><gsd:HomepageOfReportingEntity contextRef="duration_CY_C_only">www.eac.dk</gsd:HomepageOfReportingEntity><gsd:EmailOfReportingEntity contextRef="duration_CY_C_only">investorinformation@eac.dk</gsd:EmailOfReportingEntity><gsd:ReportingPeriodStartDate contextRef="duration_CY_C_only">2019-01-01</gsd:ReportingPeriodStartDate><gsd:ReportingPeriodEndDate contextRef="duration_CY_C_only">2019-12-31</gsd:ReportingPeriodEndDate><gsd:PrecedingReportingPeriodStartDate contextRef="duration_CY_C_only">2018-01-01</gsd:PrecedingReportingPeriodStartDate><gsd:PredingReportingPeriodEndDate contextRef="duration_CY_C_only">2018-12-31</gsd:PredingReportingPeriodEndDate><gsd:DateOfGeneralMeeting contextRef="duration_CY_C_only">2020-04-30</gsd:DateOfGeneralMeeting><gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="duration_CY_C_only">Anders Ørjan Jensen</gsd:NameAndSurnameOfChairmanOfGeneralMeeting><cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="duration_CY_C_IdentificationOfMemberOfExecutiveBoardAxis_cmn_memberOfBoardIdentifier_only_1">Martin Thaysen</cmn:NameAndSurnameOfMemberOfExecutiveBoard><cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="duration_CY_C_IdentificationOfMemberOfSupervisoryBoardAxis_cmn_memberOfBoardIdentifier_only_1">Henning Kruse Petersen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard><cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="duration_CY_C_IdentificationOfMemberOfSupervisoryBoardAxis_cmn_memberOfBoardIdentifier_only_2">Preben Sunke</cmn:NameAndSurnameOfMemberOfSupervisoryBoard><cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="duration_CY_C_IdentificationOfMemberOfSupervisoryBoardAxis_cmn_memberOfBoardIdentifier_only_3">Jesper Teddy Lok</cmn:NameAndSurnameOfMemberOfSupervisoryBoard><cmn:TitleOfMemberOfSupervisoryBoard contextRef="duration_CY_C_IdentificationOfMemberOfSupervisoryBoardAxis_cmn_memberOfBoardIdentifier_only_1">Chairman</cmn:TitleOfMemberOfSupervisoryBoard><cmn:TitleOfMemberOfSupervisoryBoard contextRef="duration_CY_C_IdentificationOfMemberOfSupervisoryBoardAxis_cmn_memberOfBoardIdentifier_only_2">Deputy Chairman</cmn:TitleOfMemberOfSupervisoryBoard><cmn:IdentificationNumberCvrOfAuditFirm contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">25578198</cmn:IdentificationNumberCvrOfAuditFirm><cmn:IdentificationNumberCvrOfAuditFirm contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_2">25578198</cmn:IdentificationNumberCvrOfAuditFirm><cmn:NameOfAuditFirm contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">KPMG Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm><cmn:NameOfAuditFirm contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_2">KPMG Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm><gsd:AddressOfAuditorStreetName contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">Dampfærgevej</gsd:AddressOfAuditorStreetName><gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">28</gsd:AddressOfAuditorStreetBuildingIdentifier><gsd:AddressOfAuditorPostCodeIdentifier contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">2100</gsd:AddressOfAuditorPostCodeIdentifier><gsd:AddressOfAuditorDistrictName contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">København Ø</gsd:AddressOfAuditorDistrictName><gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="duration_CY_C_only">26041716</gsd:IdentificationNumberCvrOfSubmittingEnterprise><gsd:NameOfSubmittingEnterprise contextRef="duration_CY_C_only">EAC Invest A/S</gsd:NameOfSubmittingEnterprise><gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="duration_CY_C_only">East Asiatic House, Indiakaj 20</gsd:AddressOfSubmittingEnterpriseStreetAndNumber><gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="duration_CY_C_only">2100 Copenhagen Ø</gsd:AddressOfSubmittingEnterprisePostcodeAndTown><arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="duration_CY_C_only">To the shareholders of EAC Invest A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements><arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="duration_CY_C_only">Opinion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements><arr:OpinionOnAuditedFinancialStatements contextRef="duration_CY_C_only">In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the Group's and the Parent Company's assets, liabilities and financial position at 31 Decem-ber 2019 and of the results of the Group's and Parent Company's operations and cash flows for the financial year 1 January – 31 December 2019 in accordance with the International Financial Reporting Standards as adopted by the EU and additional requirements in the Danish Financial Statements Act. &lt;br/&gt;Our opinion is consistent with our long-form audit report to the Board or Directors and the Audit Committee.&lt;br/&gt;Audited financial statements&lt;br/&gt;EAC Invest A/S' consolidated financial statements and parent company financial statements for the financial year 1 January – 31 December 2019 comprise the income statement, statement of comprehensive income, balance sheet, statement of changes in equity, statement of cash flows and notes, including summary of sig-nificant accounting policies, for the Group as well as for the Parent Company (the financial statements). The financial statements are prepared in accordance with the International Financial Reporting Standards as adopted by the EU and additional requirements in the Danish Financial Statements Act.&lt;br/&gt;</arr:OpinionOnAuditedFinancialStatements><arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="duration_CY_C_only">Basis for Opinion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements><arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="duration_CY_C_only">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional re-quirements applicable in Denmark. &lt;br/&gt;Our responsibilities under those standards and requirements are further described in the "Auditor's responsi-bilities for the audit of the financial statements" section of our report.&lt;br/&gt;We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.&lt;br/&gt;Independence&lt;br/&gt;We are independent of the Group in accordance with the International Ethics Standards Board for Account-ants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these rules and require-ments. &lt;br/&gt;We declare, to the best of our knowledge and belief, that we have not provided any prohibited non-audit ser-vices, as referred to in Article 5(1) of the Regulation (EU) 537/2014 and that we remained independent in con-ducting the audit. &lt;br/&gt;We were appointed auditors of EAC Invest A/S for the first time on 7 April 2016 for the financial year 2016. We have been re-appointed by resolutions passed by the annual general meeting for a total uninterrupted en-gagement period of four years up to and including the financial year ending 31 December 2019. </arr:DescriptionOfQualificationsOfAuditedFinancialStatements><arr:KeyAuditMattersAudit contextRef="duration_CY_C_only">Key audit matters are those matters that, in our professional judgement, were of most significance in our au-dit of the financial statements for the 2019 financial year. These matters were addressed in the context of our audit of the financial statements as a whole, and in the forming of our opinion thereon. We do not provide a separate opinion on these matters.&lt;br/&gt;Key audit matters How our audit addressed the key audit matter&lt;br/&gt; &lt;br/&gt;Divestment of Santa Fe Relocation&lt;br/&gt;On 25 September 2019, EAC Invest A/S divested its subsidi-ary Santa Fe Group Limited, which held the Group's reloca-tion activities.&lt;br/&gt;The divestment is considered a key audit matter as it is a significant unusual transaction that has significant implica-tions to the presentation of the financial statements. &lt;br/&gt;Reference is made to note 2.6 (Special items) and 5.5 (Dis-continued operations) to the consolidated financial state-ments and note 10 (Special items) and 12 (Investment in subsidiaries) to the parent company financial statements. For the purpose of our audit, the procedures we carried out included the following:&lt;br/&gt;— We evaluated the appropriateness of the presentation of the divested activity as discontinued operations.&lt;br/&gt;— On a sample basis, we vouched items included in special items in note 2.6 to the consolidated financial statements and note 10 to the parent company financial statements to supporting documentation.&lt;br/&gt;— On a sample basis, we vouched items included in the loss on divestment in note 12 to the parent company financial statements to supporting documentation.&lt;br/&gt;— We tested the represented comparative consolidated statement of profit or loss and OCI.&lt;br/&gt;— We performed reconciliations and analytical procedures over the information in note 5.5 to the consolidated finan-cial statements.&lt;br/&gt;Going concern assumption&lt;br/&gt;After the divestment of Santa Fe Relocation, EAC Invest A/S no longer holds any operating businesses, and rely on current cash and dividends from minority shareholdings in Asia to fund the company's operating costs.&lt;br/&gt;Furthermore, the Company has three ongoing tax cases with the Danish Tax Authorities.&lt;br/&gt;If certain of the cases, contrary to expectations, are lost, it will result in a substantial negative cash flow impact, which will cause material uncertainty around the company's ability to continue as a going concern.&lt;br/&gt;Reference is made to note 1.7 regarding Management's as-sessment of the Group's ability to continue as a going con-cern, the description of liquidity risks in note 4.5 and the description of the uncertain tax positions in note 5.7 to the consolidated financial statements and note 15 and 18 to the parent company financial statements. For the purpose of our audit, the procedures we carried out included the following:&lt;br/&gt;— We evaluated Management's going concern assessment, including Management's assumptions used in the project-ed cash flows. We vouched input to the cash flow forecast to supporting documentation.&lt;br/&gt;— We obtained a written assessment of the outcome of the tax cases from the Company's lawyer.&lt;br/&gt;— We assessed whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern.&lt;br/&gt;— We read notes 1.7, 4.5 and 5.7 to the consolidated financial statements and note 15 and 18 to the parent company fi-nancial statements and assessed whether the description of the going concern assumption and description of finan-cial risks and uncertain tax positions have been fairly pre-sented.</arr:KeyAuditMattersAudit><arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="duration_CY_C_only">Management is responsible for the Management's review. &lt;br/&gt;Our opinion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon.&lt;br/&gt;In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. &lt;br/&gt;Moreover, it is our responsibility to consider whether the Management's review provides the information re-quired under the Danish Financial Statements Act. &lt;br/&gt;Based on the work we have performed, we conclude that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of the Management's review.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements><arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="duration_CY_C_only">Management is responsible for the preparation of financial statements that give a true and fair view in ac-cordance with the International Financial Reporting Standards as adopted by the EU and additional require-ments in the Danish Financial Statements Act and for such internal control that Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. &lt;br/&gt;In preparing the financial statements, Management is responsible for assessing the Group's and the Parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Management either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements><arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="duration_CY_C_only">Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements may arise from fraud or error and are considered material if, indi-vidually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. &lt;br/&gt;As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Den-mark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:&lt;br/&gt;— identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material mis-statement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.&lt;br/&gt;— obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effective-ness of the Group's and the Parent Company's internal control. &lt;br/&gt;— evaluate the appropriateness of accounting policies used and the reasonableness of accounting esti-mates and related disclosures made by Management. &lt;br/&gt;— conclude on the appropriateness of Management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or condi-tions that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inade-quate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and the Parent Company to cease to continue as a going concern. &lt;br/&gt;— evaluate the overall presentation, structure and contents of the financial statements, including the disclo-sures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view. &lt;br/&gt;— obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are re-sponsible for the direction, supervision and performance of the group audit. We remain solely responsi-ble for our audit opinion. &lt;br/&gt;We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.&lt;br/&gt;We also provide those charged with government with a statement that we have complied with relevant ethical requirements regarding independence, and communicate to them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. &lt;br/&gt;From the matters communicated to those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determined that a matter should not be com-municated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed><arr:SignatureOfAuditorsPlace contextRef="duration_CY_C_only">Copenhagen</arr:SignatureOfAuditorsPlace><arr:SignatureOfAuditorsDate contextRef="duration_CY_C_only">2020-03-26</arr:SignatureOfAuditorsDate><cmn:NameAndSurnameOfAuditor contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">Henrik O. Larsen</cmn:NameAndSurnameOfAuditor><cmn:NameAndSurnameOfAuditor contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_2">Lau Bent Baun</cmn:NameAndSurnameOfAuditor><cmn:DescriptionOfAuditor contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">State Authorised Public Accountant</cmn:DescriptionOfAuditor><cmn:DescriptionOfAuditor contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_2">State Authorised Public Accountant</cmn:DescriptionOfAuditor><arr:IdentificationNumberOfAuditor contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_1">mne15839</arr:IdentificationNumberOfAuditor><arr:IdentificationNumberOfAuditor contextRef="duration_CY_C_IdentificationOfAuditorDimension_cmn_auditorIdentificer_only_2">mne26708</arr:IdentificationNumberOfAuditor><mrv:StatementOfCorporateSocialResponsibility contextRef="duration_CY_C_only">Based on the limited size of the company, its activity with minority shareholdings in three different companies and organisation, EAC Invest A/S does not have a corporate social responsibility policy, including no policies for human rights, social and employee matters, bribery and corruption, environmental conditions and climate impact.</mrv:StatementOfCorporateSocialResponsibility><mrv:CorporateGovernanceReport contextRef="duration_CY_C_only">This corporate governance report for EAC Invest A/S, cf. section 107b of the Danish Financial Statements Act, covers the period 1 January – 31 December 2019.&lt;br/&gt;&lt;br/&gt;The corporate governance report for EAC Invest A/S includes:&lt;br/&gt;A description of governing bodies, governance principles and remuneration included on this page.&lt;br/&gt;A description of risk management.&lt;br/&gt;A description of internal controls related to the financial reporting.&lt;br/&gt;&lt;br/&gt;Governing Bodies&lt;br/&gt;The Board of Directors is responsible for the overall strategy, budgets, goals and management of the company and it lays down the rules of procedure and supervises the work of the Executive Board. The Executive Board (CEO) attend meetings and teleconferences of the Board of Directors, and the Chairman of the Board of Directors maintains close contact with the Executive Board. Members of the Board of Directors are elected by the shareholders for terms of 12 months. Members whose term of office has expired are eligible for re-election until they reach the age of 72. When proposing a nomination to the Annual General Meeting, the Board of Directors takes into account the skills required to perform the duties of a board member. The Board of Directors considers the following competencies to be particularly relevant to EAC Invest: Experience in the management of international companies, strategic development, financial matters, risk management and divestments. The Board of Directors is deemed to possess these competencies and, by virtue of its size, the Board of Directors has decision-making power and drive.&lt;br/&gt;&lt;br/&gt;All members of the Board of Directors are independent and have no special interest in EAC Invest except as minority shareholders. The Board of Directors held a total of ten meetings and twenty-five teleconferences during 2019. At the Annual General Meeting, the Chairman of the Board of Directors together with the Executive Board report on the main activities of the past year. At the same time, major developments and new strategic initiatives are presented to the shareholders and the financial position and outlook of the Group are reviewed.&lt;br/&gt;&lt;br/&gt;Members of the Board of Directors and the Executive Board are described in the separate section.&lt;br/&gt;&lt;br/&gt;EAC Invest Governance Principles&lt;br/&gt;The EAC Invest’s Board of Directors and Executive Board consistently seek to ensure that the company observes its corporate governance policies and procedures in order to optimise value creation in the Group. The EAC Invest strives to maintain an open and active dialogue with its stakeholders, and responsible behaviour and respect for the environment form an integral part of the Group’s way of doing business. Policies and procedures for stakeholder relations and social responsibility are reflected in this annual report.&lt;br/&gt;&lt;br/&gt;The Board of Directors considers the relevance of the recommendations by the Committee on Corporate Governance, available at www.corporategovernance.dk.&lt;br/&gt;&lt;br/&gt;The Board of Directors has responded to each of the recommendations in the Corporate Governance Reporting Form available at www.eac.dk&lt;br/&gt;&lt;br/&gt;In general, EAC Invest A/S follows the committee's recommendations, but the company's board of directors has, based on the limited size of the company, its activity and organisation, chosen entirely or partially derogate from the Committee's recommendations in the following areas:&lt;br/&gt;2.2.1 Corporate social responsibility&lt;br/&gt;Recommendation&lt;br/&gt;The Committee recommends that the board of directors adopt policies on corporate social responsibility. Explanation&lt;br/&gt;Based on the limited size of the company, its activity and organisation EAC Invest A/S does not have a corporate social responsibility policy, including no policies for human rights, environmental conditions and climate impact.&lt;br/&gt;3.4.3 Audit committee&lt;br/&gt;Recommendation&lt;br/&gt;The Committee recommends that the members of the board of directors set up an audit committee and that a chairman is appointed who is not the chairman of the board of directors. Explanation&lt;br/&gt;The EAC Invest complies only partially with the Recommendation. Due to the size of the Board of Directors (three members) and the competencies of its members, the Board of Directors has decided not to establish any board committees other than an audit commit-tee chaired by the Deputy Chairman and con-sisting of all members of the Board of Direc-tors.&lt;br/&gt;3.4.6 Nomination committee&lt;br/&gt;Recommendation&lt;br/&gt;The Committee recommends that the board of directors establish a nomination committee, which is at least, responsible for the following preparatory tasks:&lt;br/&gt;• describing the qualifications required by the board of directors and the executive board and for a given position, indicating the time expected to  be spent carrying out a specific position, as well as assessing the competencies, knowledge and experi-ence found in the two governing bodies,&lt;br/&gt;• annually assessing the structure, size, composition and results of the board of directors and the executive board and recom-mend any changes to the board of directors,&lt;br/&gt;• annually assessing the competencies, knowledge, experience and succession of the individual members of management and report to the board of directors in this respect,&lt;br/&gt;• recommending candidates for the board of directors and the executive board, and&lt;br/&gt;• proposing an action plan to the board of directors on the fu-ture composition of the board of directors, including proposals for specific changes. Explanation &lt;br/&gt;The EAC Invest complies only partially with the Recommendation. Due to the size of the Board of Directors (three members) and the competencies of its members, the Board of Directors has decided not to establish any nomination committee.&lt;br/&gt;The Board of Directors undertakes the listed preparatory tasks.&lt;br/&gt;3.4.7 Remuneration committee&lt;br/&gt;Recommendation&lt;br/&gt;The Committee recommends that the board of directors establish a re-muneration committee, which is at least, responsible for the following preparatory tasks:&lt;br/&gt;• recommending the remuneration policy (including the “Gen-eral Guidelines for incentive-based Remuneration”) to the board of directors and the executive board for approval by the board of directors prior to approval by the general meeting,&lt;br/&gt;• making proposals to the board of directors on remuneration for members of the board of directors and the executive board, as well as ensuring that the remuneration is in compliance with the company’s remuneration policy and the assessment of the performance of the persons concerned. The committee should have information on the total remuneration that members of the board of directors and the executive board receive from other companies in the group,&lt;br/&gt;• recommending a remuneration policy applicable for the com-pany in general and&lt;br/&gt;• assisting with the preparation of the annual remuneration re-port. Explanation &lt;br/&gt;The EAC Invest complies only partially with the Recommendation. Due to the size of the Board of Directors (three members) and the competencies of its members, the Board of Directors has decided not to establish any nomination committee.&lt;br/&gt;The Board of Directors undertakes the listed preparatory tasks.&lt;br/&gt;&lt;br/&gt; &lt;br/&gt;4.2.3 Disclosure of remuneration report&lt;br/&gt;Recommendation&lt;br/&gt;The Committee recommends that the company prepares a remuneration report that includes information on the total remuneration received by each member of the board of directors and the executive board from the company and other companies in the group and associated companies for the last three years, including information on the most important content of retention and resignation arrangements and that the correla-tion between the remuneration and company strategy and relevant re-lated goals be explained.&lt;br/&gt;The remuneration report should be published on the company’s web-site. Explanation &lt;br/&gt;The company does currently not prepare a remuneration report. The EAC Invest complies only partially with the Recommendation. The Company discloses the aggregate remunera-tion to the Board of Directors and the Execu-tive Board, respectively. The above-mentioned information is available on the company’s website. Information about remuneration on an individual basis does not, in the opinion of the Company, serve any objective purpose.&lt;br/&gt;5.2. Whistleblower scheme&lt;br/&gt;Recommendation&lt;br/&gt;The Committee recommends that the board of directors establish a whistleblower scheme for expedient and confidential notification of serious wrongdoing or suspicions thereof. Explanation &lt;br/&gt;Based on the limited size of the company, its activity and organisation EAC Invest A/S does not have a whistleblower scheme.&lt;br/&gt;&lt;br/&gt;Remuneration&lt;br/&gt;The Executive Board receives a fixed salary. For further information, please refer to note 2.3 and 5.4 in the consolidated financial statements. &lt;br/&gt;&lt;br/&gt;EAC Invest has no retention or severance programmes in force for the Executive Board.&lt;br/&gt;&lt;br/&gt;The remuneration of the members of the Board of Directors consists of a fixed annual fee. The remuneration for 2019 was approved at the Annual General Meeting in 2019 and is disclosed in note 2.3 to the consolidated financial statements. The remuneration for 2020 will be submitted for approval at the Annual General Meeting to be held on 30 April 2020. </mrv:CorporateGovernanceReport><mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="duration_CY_C_only">Pursuant to Danish legislation on gender equality, EAC Invest also has an objective for the proportion of the underrepresented gender on the Board of Directors. It is EAC Invest’s ambition that 25% of the members of the Board of Directors are women. Consequently, EAC Invest will ensure that qualified candidates are considered before the Board of Directors proposes candidates to the Annual General Meeting. However, the Board of Directors’ final submission of candidates will always be based on their actual competencies and experiences relative to EAC Invest’s needs to ensure that the candidate deemed best qualified is proposed. This may mean that the ambition of a 25% female representation on the Board of Directors will always not be met, but it will continue to be a general ambition.&lt;br/&gt;&lt;br/&gt;At the end of 2019, the company's board of directors consists of three members. Currently no women are represented in the company’s board of directors, but the EAC Invest will aim at achieving the 25% target before 2025. EAC Invest has not laid down policies for diversity in management, as management only consists of one person. </mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender><ifrs-full:OtherIncome contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">600000</ifrs-full:OtherIncome><ifrs-full:OtherIncome contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">500000</ifrs-full:OtherIncome><ifrs-full:OtherIncome contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:OtherIncome><ifrs-full:OtherIncome contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:OtherIncome><ifrs-dk:OtherExternalExpenses contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">600000</ifrs-dk:OtherExternalExpenses><ifrs-dk:OtherExternalExpenses contextRef="duration_LY_C_only" decimals="-5" 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unitRef="EUR">-1300000</ifrs-full:ReserveOfChangeInValueOfForeignCurrencyBasisSpreads><ifrs-full:EquityAttributableToOwnersOfParent contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">7300000</ifrs-full:EquityAttributableToOwnersOfParent><ifrs-full:EquityAttributableToOwnersOfParent contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">20200000</ifrs-full:EquityAttributableToOwnersOfParent><ifrs-full:NoncontrollingInterests contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:NoncontrollingInterests><ifrs-full:NoncontrollingInterests contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:NoncontrollingInterests><ifrs-full:Equity contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">7300000</ifrs-full:Equity><ifrs-full:Equity contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">20200000</ifrs-full:Equity><ifrs-full:Equity contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">36000000</ifrs-full:Equity><ifrs-full:Equity contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">181000000</ifrs-full:Equity><ifrs-full:NoncurrentProvisions contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:NoncurrentProvisions><ifrs-full:NoncurrentProvisions contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">1700000</ifrs-full:NoncurrentProvisions><ifrs-full:NoncurrentProvisions contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:NoncurrentProvisions><ifrs-full:NoncurrentProvisions contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">4000000</ifrs-full:NoncurrentProvisions><ifrs-full:LongtermBorrowings contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:LongtermBorrowings><ifrs-full:LongtermBorrowings contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">2800000</ifrs-full:LongtermBorrowings><ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings><ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">37200000</ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings><ifrs-full:DeferredTaxLiabilities contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:DeferredTaxLiabilities><ifrs-full:DeferredTaxLiabilities contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">1500000</ifrs-full:DeferredTaxLiabilities><ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan><ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">900000</ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan><ifrs-full:NoncurrentLiabilities contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:NoncurrentLiabilities><ifrs-full:NoncurrentLiabilities contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">6900000</ifrs-full:NoncurrentLiabilities><ifrs-full:NoncurrentLiabilities contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:NoncurrentLiabilities><ifrs-full:NoncurrentLiabilities contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">4000000</ifrs-full:NoncurrentLiabilities><ifrs-full:CurrentProvisions contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:CurrentProvisions><ifrs-full:CurrentProvisions contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">1100000</ifrs-full:CurrentProvisions><ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers><ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">39600000</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers><ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">1000000</ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries><ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">1000000</ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries><ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-dk:CurrentPrepaymentsFromCustomers><ifrs-dk:CurrentPrepaymentsFromCustomers contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">5900000</ifrs-dk:CurrentPrepaymentsFromCustomers><ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:CurrentTaxLiabilitiesCurrent><ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">2200000</ifrs-full:CurrentTaxLiabilitiesCurrent><ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:CurrentTaxLiabilitiesCurrent><ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">10000000</ifrs-full:CurrentTaxLiabilitiesCurrent><ifrs-full:CurrentLiabilities contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">500000</ifrs-full:CurrentLiabilities><ifrs-full:CurrentLiabilities contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">100900000</ifrs-full:CurrentLiabilities><ifrs-full:CurrentLiabilities contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">5000000</ifrs-full:CurrentLiabilities><ifrs-full:CurrentLiabilities contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">14000000</ifrs-full:CurrentLiabilities><ifrs-full:OtherCurrentLiabilities contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">500000</ifrs-full:OtherCurrentLiabilities><ifrs-full:OtherCurrentLiabilities contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">14900000</ifrs-full:OtherCurrentLiabilities><ifrs-full:OtherCurrentLiabilities contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">4000000</ifrs-full:OtherCurrentLiabilities><ifrs-full:OtherCurrentLiabilities contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">3000000</ifrs-full:OtherCurrentLiabilities><ifrs-full:Liabilities contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">500000</ifrs-full:Liabilities><ifrs-full:Liabilities contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">107800000</ifrs-full:Liabilities><ifrs-full:Liabilities contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">5000000</ifrs-full:Liabilities><ifrs-full:Liabilities contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">18000000</ifrs-full:Liabilities><ifrs-full:EquityAndLiabilities contextRef="instant_CY_C_only" decimals="-5" unitRef="EUR">7800000</ifrs-full:EquityAndLiabilities><ifrs-full:EquityAndLiabilities contextRef="instant_LY_C_only" decimals="-5" unitRef="EUR">128000000</ifrs-full:EquityAndLiabilities><ifrs-full:EquityAndLiabilities contextRef="instant_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">41000000</ifrs-full:EquityAndLiabilities><ifrs-full:EquityAndLiabilities contextRef="instant_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">199000000</ifrs-full:EquityAndLiabilities><ifrs-full:OtherAdjustmentsForNoncashItems contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:OtherAdjustmentsForNoncashItems><ifrs-full:OtherAdjustmentsForNoncashItems contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">-2300000</ifrs-full:OtherAdjustmentsForNoncashItems><ifrs-full:OtherAdjustmentsForNoncashItems contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">3000000</ifrs-full:OtherAdjustmentsForNoncashItems><ifrs-full:OtherAdjustmentsForNoncashItems contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">-8000000</ifrs-full:OtherAdjustmentsForNoncashItems><ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">-200000</ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital><ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">100000</ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital><ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">7000000</ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital><ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">25000000</ifrs-dk:AdjustmentsForDecreaseIncreaseInWorkingCapital><ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:InterestPaidClassifiedAsOperatingActivities><ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:InterestPaidClassifiedAsOperatingActivities><ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:InterestPaidClassifiedAsOperatingActivities><ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:InterestPaidClassifiedAsOperatingActivities><ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">100000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities><ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">100000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities><ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities><ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities><ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities><ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities><ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">-1200000</ifrs-full:CashFlowsFromUsedInOperatingActivities><ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">-700000</ifrs-full:CashFlowsFromUsedInOperatingActivities><ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">2000000</ifrs-full:CashFlowsFromUsedInOperatingActivities><ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">22000000</ifrs-full:CashFlowsFromUsedInOperatingActivities><ifrs-full:DividendsReceivedClassifiedAsInvestingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">300000</ifrs-full:DividendsReceivedClassifiedAsInvestingActivities><ifrs-full:DividendsReceivedClassifiedAsInvestingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">200000</ifrs-full:DividendsReceivedClassifiedAsInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_11">Investments in intangible assets and property, plant and equipment</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_11">Investments in intangible assets and property, plant and equipment</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_22">Proceeds from sale of non-current assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_22">Proceeds from sale of non-current assets</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_23">Proceeds from sale of discontinued operations (less restricted cash balances disposed)</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_23">Proceeds from sale of discontinued operations (less restricted cash balances disposed)</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_24">Changes in non-current receivables from subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_24">Changes in non-current receivables from subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_25">Proceeds from sale of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_25">Proceeds from sale of subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_11" decimals="-5" unitRef="EUR">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_11" decimals="-5" unitRef="EUR">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_22" decimals="-5" unitRef="EUR">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_22" decimals="-5" unitRef="EUR">900000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_23" decimals="-5" unitRef="EUR">-13800000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_C_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_23" decimals="-5" unitRef="EUR">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_24" decimals="-6" unitRef="EUR">-2000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_24" decimals="-6" unitRef="EUR">-4000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_25" decimals="-6" unitRef="EUR">7000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_IdentificationOfComponentOfCashFlowsFromUsedInInvestingActivitiesDimension_ifrs-dk_componentOfCashFlowsIdentifier_only_25" decimals="-6" unitRef="EUR">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities><ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">-13500000</ifrs-full:CashFlowsFromUsedInInvestingActivities><ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">1100000</ifrs-full:CashFlowsFromUsedInInvestingActivities><ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">5000000</ifrs-full:CashFlowsFromUsedInInvestingActivities><ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">-4000000</ifrs-full:CashFlowsFromUsedInInvestingActivities><ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">-14700000</ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities><ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">400000</ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities><ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">7000000</ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities><ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">18000000</ifrs-dk:FreeCashFlowsFromUsedInOperatingInvestingActivities><ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities><ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">-2500000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities><ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities><ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">18000000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities><ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">0</ifrs-full:CashFlowsFromUsedInFinancingActivities><ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">-2500000</ifrs-full:CashFlowsFromUsedInFinancingActivities><ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:CashFlowsFromUsedInFinancingActivities><ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">-18000000</ifrs-full:CashFlowsFromUsedInFinancingActivities><ifrs-dk:CashFlowsFromDiscontinuedOperations contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">-5300000</ifrs-dk:CashFlowsFromDiscontinuedOperations><ifrs-dk:CashFlowsFromDiscontinuedOperations contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">4000000</ifrs-dk:CashFlowsFromDiscontinuedOperations><ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">-20000000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges><ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">1900000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges><ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges contextRef="duration_CY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">7000000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges><ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges contextRef="duration_LY_ConsolidatedAndSeparateFinancialStatementsAxis_ifrs-full_SeparateMember_only" decimals="-6" unitRef="EUR">0</ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges><ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="duration_CY_C_only" decimals="-5" unitRef="EUR">400000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents><ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="duration_LY_C_only" decimals="-5" unitRef="EUR">-100000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents><PP:PP_0425D6EB_AD30_4ABA_92B1_A6924D4EE977 contextRef="instant_CY_C_only_start" decimals="-5" unitRef="EUR">700000</PP:PP_0425D6EB_AD30_4ABA_92B1_A6924D4EE977><PP:PP_0425D6EB_AD30_4ABA_92B1_A6924D4EE977 contextRef="instant_LY_C_only_start" decimals="-5" unitRef="EUR">1400000</PP:PP_0425D6EB_AD30_4ABA_92B1_A6924D4EE977></xbrli:xbrl>