<?xml version="1.0" encoding="UTF-8"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns="http://www.w3.org/1999/xhtml" xmlns:dst="http://xbrl.dcca.dk/dst" xmlns:cmn="http://xbrl.dcca.dk/cmn" xmlns:sob="http://xbrl.dcca.dk/sob" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xh11d="http://www.w3.org/1999/xhtml/datatypes/" xmlns:arr="http://xbrl.dcca.dk/arr" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2010-04-20" xmlns:lnk="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:basis="http://xbrl.dcca.dk/Regnskab%202.0%20Basis" xmlns:ifrs="http://xbrl.iasb.org/taxonomy/2009-04-01/ifrs" xmlns:ix="http://www.xbrl.org/2008/inlineXBRL" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:mrv="http://xbrl.dcca.dk/mrv" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:fsa="http://xbrl.dcca.dk/fsa" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:gsd="http://xbrl.dcca.dk/gsd" xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink">
   <lnk:schemaRef xlink:href="http://archprod.service.eogs.dk/taxonomy/20171001/entryDanishGAAPBalanceSheetAccountFormIncomeStatementByNatureIncludingManagementsReviewStatisticsAndTax20171001.xsd" xlink:type="simple"/>
   <xbrli:context id="c0">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38344366</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="c1">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38344366</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:startDate>2017-01-18</xbrli:startDate>
         <xbrli:endDate>2017-12-31</xbrli:endDate>
      </xbrli:period>
   </xbrli:context>
   <xbrli:context id="c2">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38344366</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="fsa:ResultDistributionDimension">fsa:RetainedEarningsMember</xbrldi:explicitMember>
      </xbrli:scenario>
   </xbrli:context>
   <xbrli:context id="c3">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38344366</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:startDate>2017-01-18</xbrli:startDate>
         <xbrli:endDate>2017-12-31</xbrli:endDate>
      </xbrli:period>
      <xbrli:scenario>
         <xbrldi:explicitMember dimension="fsa:ResultDistributionDimension">fsa:RetainedEarningsMember</xbrldi:explicitMember>
      </xbrli:scenario>
   </xbrli:context>
   <xbrli:context id="c4">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38344366</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:instant>2018-12-31</xbrli:instant>
      </xbrli:period>
   </xbrli:context>
   <xbrli:context id="c5">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38344366</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:instant>2017-12-31</xbrli:instant>
      </xbrli:period>
   </xbrli:context>
   <xbrli:unit id="u0">
      <xbrli:measure>iso4217:DKK</xbrli:measure>
   </xbrli:unit>
   <gsd:InformationOnTypeOfSubmittedReport basis:version="3" contextRef="c0" xml:lang="da">Årsrapport</gsd:InformationOnTypeOfSubmittedReport>
   <gsd:DateOfGeneralMeeting contextRef="c0">2019-03-12</gsd:DateOfGeneralMeeting>
   <gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="c0" xml:lang="da">Kim Harpøth Rasmussen</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
   <gsd:NameOfReportingEntity contextRef="c0" xml:lang="da">KR GOLF IVS</gsd:NameOfReportingEntity>
   <gsd:AddressOfReportingEntityStreetName contextRef="c0" xml:lang="da">Pile Allé</gsd:AddressOfReportingEntityStreetName>
   <gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="c0" xml:lang="da">7</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
   <gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="c0" xml:lang="da">8600</gsd:AddressOfReportingEntityPostCodeIdentifier>
   <gsd:AddressOfReportingEntityDistrictName contextRef="c0" xml:lang="da">Silkeborg</gsd:AddressOfReportingEntityDistrictName>
   <gsd:IdentificationNumberCvrOfReportingEntity contextRef="c0" xml:lang="da">38344366</gsd:IdentificationNumberCvrOfReportingEntity>
   <gsd:ReportingPeriodStartDate contextRef="c0">2018-01-01</gsd:ReportingPeriodStartDate>
   <gsd:ReportingPeriodEndDate contextRef="c0">2018-12-31</gsd:ReportingPeriodEndDate>
   <mrv:ManagementsReview contextRef="c0" xml:lang="da">&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Hovedaktiviteter
&lt;br/&gt; Selskabets væsentligste aktivitet består i at drive virksomhed med salg af golfartikler, golfrejser og dermed beslægtet virksomhed.&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Udvikling i aktiviteter og økonomiske forhold
&lt;br/&gt; Ledelsen anser resultatet for 2018 for mindre tilfredsstillende.&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;
&lt;br/&gt; Begivenheder efter regnskabets afslutning
&lt;br/&gt; Efter regnskabsårets afslutning er der ikke indtruffet begivenheder, som vil kunne forrykke selskabets
&lt;br/&gt; finansielle stilling væsentligt.&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;
&lt;br/&gt; Den forventede udvikling
&lt;br/&gt; Selskabet forventer et positivt resultat for det kommende år.&lt;/p&gt;</mrv:ManagementsReview>
   <sob:ConfirmationThatFinancialStatementsAreExemptedFromAuditing contextRef="c0" xml:lang="da">Ledelsen anser betingelserne for at udelade revision for opfyldt.</sob:ConfirmationThatFinancialStatementsAreExemptedFromAuditing>
   <fsa:GrossResult contextRef="c0" decimals="0" unitRef="u0">109025</fsa:GrossResult>
   <fsa:GrossResult contextRef="c1" decimals="0" unitRef="u0">112509</fsa:GrossResult>
   <fsa:OtherEmployeeExpense contextRef="c0" decimals="0" unitRef="u0">28012</fsa:OtherEmployeeExpense>
   <fsa:OtherEmployeeExpense contextRef="c1" decimals="0" unitRef="u0">34440</fsa:OtherEmployeeExpense>
   <fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="c0" decimals="0" unitRef="u0">5015</fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
   <fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="c1" decimals="0" unitRef="u0">0</fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
   <fsa:OtherOperatingExpenses contextRef="c0" decimals="0" unitRef="u0">48721</fsa:OtherOperatingExpenses>
   <fsa:OtherOperatingExpenses contextRef="c1" decimals="0" unitRef="u0">34728</fsa:OtherOperatingExpenses>
   <fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="c0" decimals="0" unitRef="u0">27277</fsa:ProfitLossFromOrdinaryOperatingActivities>
   <fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="c1" decimals="0" unitRef="u0">43341</fsa:ProfitLossFromOrdinaryOperatingActivities>
   <fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c0" decimals="0" unitRef="u0">27277</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
   <fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c1" decimals="0" unitRef="u0">43341</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
   <fsa:TaxExpense contextRef="c0" decimals="0" unitRef="u0">6178</fsa:TaxExpense>
   <fsa:TaxExpense contextRef="c1" decimals="0" unitRef="u0">9526</fsa:TaxExpense>
   <fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">21099</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c1" decimals="0" unitRef="u0">33815</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c2" decimals="0" unitRef="u0">21099</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c3" decimals="0" unitRef="u0">33815</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">21099</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c1" decimals="0" unitRef="u0">33815</fsa:ProfitLoss>
   <fsa:FixturesFittingsToolsAndEquipment contextRef="c4" decimals="0" unitRef="u0">46565</fsa:FixturesFittingsToolsAndEquipment>
   <fsa:FixturesFittingsToolsAndEquipment contextRef="c5" decimals="0" unitRef="u0">0</fsa:FixturesFittingsToolsAndEquipment>
   <fsa:PropertyPlantAndEquipment contextRef="c4" decimals="0" unitRef="u0">46565</fsa:PropertyPlantAndEquipment>
   <fsa:PropertyPlantAndEquipment contextRef="c5" decimals="0" unitRef="u0">0</fsa:PropertyPlantAndEquipment>
   <fsa:NoncurrentAssets contextRef="c4" decimals="0" unitRef="u0">46565</fsa:NoncurrentAssets>
   <fsa:NoncurrentAssets contextRef="c5" decimals="0" unitRef="u0">0</fsa:NoncurrentAssets>
   <fsa:ShorttermTradeReceivables contextRef="c4" decimals="0" unitRef="u0">8274</fsa:ShorttermTradeReceivables>
   <fsa:ShorttermTradeReceivables contextRef="c5" decimals="0" unitRef="u0">17756</fsa:ShorttermTradeReceivables>
   <fsa:OtherShorttermReceivables contextRef="c4" decimals="0" unitRef="u0">9995</fsa:OtherShorttermReceivables>
   <fsa:OtherShorttermReceivables contextRef="c5" decimals="0" unitRef="u0">10990</fsa:OtherShorttermReceivables>
   <fsa:ShorttermReceivables contextRef="c4" decimals="0" unitRef="u0">18269</fsa:ShorttermReceivables>
   <fsa:ShorttermReceivables contextRef="c5" decimals="0" unitRef="u0">28746</fsa:ShorttermReceivables>
   <fsa:CashAndCashEquivalents contextRef="c4" decimals="0" unitRef="u0">43912</fsa:CashAndCashEquivalents>
   <fsa:CashAndCashEquivalents contextRef="c5" decimals="0" unitRef="u0">52883</fsa:CashAndCashEquivalents>
   <fsa:CurrentAssets contextRef="c4" decimals="0" unitRef="u0">62181</fsa:CurrentAssets>
   <fsa:CurrentAssets contextRef="c5" decimals="0" unitRef="u0">81629</fsa:CurrentAssets>
   <fsa:Assets contextRef="c4" decimals="0" unitRef="u0">108746</fsa:Assets>
   <fsa:Assets contextRef="c5" decimals="0" unitRef="u0">81629</fsa:Assets>
   <fsa:ContributedCapital contextRef="c4" decimals="0" unitRef="u0">24000</fsa:ContributedCapital>
   <fsa:ContributedCapital contextRef="c5" decimals="0" unitRef="u0">24000</fsa:ContributedCapital>
   <fsa:RetainedEarnings contextRef="c4" decimals="0" unitRef="u0">54914</fsa:RetainedEarnings>
   <fsa:RetainedEarnings contextRef="c5" decimals="0" unitRef="u0">33815</fsa:RetainedEarnings>
   <fsa:Equity contextRef="c4" decimals="0" unitRef="u0">78914</fsa:Equity>
   <fsa:Equity contextRef="c5" decimals="0" unitRef="u0">57815</fsa:Equity>
   <fsa:ProvisionsForDeferredTax contextRef="c4" decimals="0" unitRef="u0">1734</fsa:ProvisionsForDeferredTax>
   <fsa:ProvisionsForDeferredTax contextRef="c5" decimals="0" unitRef="u0">0</fsa:ProvisionsForDeferredTax>
   <fsa:Provisions contextRef="c4" decimals="0" unitRef="u0">1734</fsa:Provisions>
   <fsa:Provisions contextRef="c5" decimals="0" unitRef="u0">0</fsa:Provisions>
   <fsa:ShorttermTaxPayables contextRef="c4" decimals="0" unitRef="u0">13970</fsa:ShorttermTaxPayables>
   <fsa:ShorttermTaxPayables contextRef="c5" decimals="0" unitRef="u0">9526</fsa:ShorttermTaxPayables>
   <fsa:OtherShorttermPayables contextRef="c4" decimals="0" unitRef="u0">14128</fsa:OtherShorttermPayables>
   <fsa:OtherShorttermPayables contextRef="c5" decimals="0" unitRef="u0">14288</fsa:OtherShorttermPayables>
   <fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="c4" decimals="0" unitRef="u0">28098</fsa:ShorttermLiabilitiesOtherThanProvisions>
   <fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="c5" decimals="0" unitRef="u0">23814</fsa:ShorttermLiabilitiesOtherThanProvisions>
   <fsa:LiabilitiesOtherThanProvisions contextRef="c4" decimals="0" unitRef="u0">28098</fsa:LiabilitiesOtherThanProvisions>
   <fsa:LiabilitiesOtherThanProvisions contextRef="c5" decimals="0" unitRef="u0">23814</fsa:LiabilitiesOtherThanProvisions>
   <fsa:LiabilitiesAndEquity contextRef="c4" decimals="0" unitRef="u0">108746</fsa:LiabilitiesAndEquity>
   <fsa:LiabilitiesAndEquity contextRef="c5" decimals="0" unitRef="u0">81629</fsa:LiabilitiesAndEquity>
   <fsa:DisclosureOfApplicationOfExceptionsForMicroUndertakings contextRef="c0" xml:lang="da">
    
        &lt;div xmlns="http://www.w3.org/1999/xhtml" style="margin-bottom: 10px;"&gt;
            Mikrovirksomheden anvender undtagelsen om at give oplysning om anvendt regnskabspraksis
        &lt;/div&gt;
    
    

    
    
        &lt;div xmlns="http://www.w3.org/1999/xhtml" style="margin-bottom: 10px;"&gt;
            Mikrovirksomheden anvender undtagelsen om at give oplysning om det gennemsnitlige antal heltidsbeskæftigede i regnskabsåret
        &lt;/div&gt;
    
</fsa:DisclosureOfApplicationOfExceptionsForMicroUndertakings>
   <sob:TheReportingEntityAppliesTheExceptionConcerningOptingOutOfTheStatementByManagementEtc contextRef="c0" xml:lang="da">true</sob:TheReportingEntityAppliesTheExceptionConcerningOptingOutOfTheStatementByManagementEtc>
   <fsa:ClassOfReportingEntity contextRef="c0" xml:lang="da">Regnskabsklasse B, mikrovirksomhed</fsa:ClassOfReportingEntity>
   <fsa:TheCompanyHasPresentedTheAnnualReportEtcWithReferenceToTheDanishFinancialStatementsAct78aConcerningTheExceptionForReportingClassCMediumsizeSubsidiariesWhichChoosesToPresentTheAnnualReportEtcAccordingToReportingClassB contextRef="c0" xml:lang="da">false</fsa:TheCompanyHasPresentedTheAnnualReportEtcWithReferenceToTheDanishFinancialStatementsAct78aConcerningTheExceptionForReportingClassCMediumsizeSubsidiariesWhichChoosesToPresentTheAnnualReportEtcAccordingToReportingClassB>
   <fsa:SelectedElementsFromReportingClassC contextRef="c0" xml:lang="da">false</fsa:SelectedElementsFromReportingClassC>
   <fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod contextRef="c0" xml:lang="da">true</fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod>
   <gsd:PrecedingReportingPeriodStartDate contextRef="c0">2017-01-18</gsd:PrecedingReportingPeriodStartDate>
   <gsd:PredingReportingPeriodEndDate contextRef="c0">2017-12-31</gsd:PredingReportingPeriodEndDate>
   <cmn:TypeOfAuditorAssistance contextRef="c0" xml:lang="da">Ingen bistand</cmn:TypeOfAuditorAssistance>
   <gsd:NameOfSubmittingEnterprise contextRef="c0" xml:lang="da">KR Golf IVS</gsd:NameOfSubmittingEnterprise>
   <gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="c0" xml:lang="da">Pile Allé 7</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
   <gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="c0" xml:lang="da">8600 Silkeborg</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
   <fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutAccountingPolicies contextRef="c0" xml:lang="da">true</fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutAccountingPolicies>
   <fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutLiabilitiesDueForPaymentMoreThanFiveYearsAfterTheBalanceSheetDate contextRef="c0" xml:lang="da">false</fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutLiabilitiesDueForPaymentMoreThanFiveYearsAfterTheBalanceSheetDate>
   <fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutCertainSpecialItems contextRef="c0" xml:lang="da">false</fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutCertainSpecialItems>
   <fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutNumberOfEmployees contextRef="c0" xml:lang="da">true</fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutNumberOfEmployees>
</xbrli:xbrl>