<?xml version="1.0" encoding="utf-8"?>
<!-- IPSAS Prototype -->
<!-- Date/time created: 2019-01-17 -->
<xbrl  xmlns='http://www.xbrl.org/2003/instance'
       xmlns:xbrli = 'http://www.xbrl.org/2003/instance'
       xmlns:link = 'http://www.xbrl.org/2003/linkbase'
       xmlns:xlink = 'http://www.w3.org/1999/xlink'
       xmlns:xsi='http://www.w3.org/2001/XMLSchema-instance'
       xmlns:iso4217='http://www.xbrl.org/2003/iso4217'
       xmlns:ipsas='http://www.xbrlsite.com/ipsas'
       >

   <link:schemaRef xlink:type='simple' xlink:href='ipsas.xsd' xlink:title='Taxonomy schema'/>
   <link:linkbaseRef xlink:type='simple' xlink:href='ipsas-formulas.xml' xlink:arcrole='http://www.w3.org/1999/xlink/properties/linkbase'/>
   <link:linkbaseRef xlink:type='simple' xlink:href='ipsas-formulas-cross-checks.xml' xlink:arcrole='http://www.w3.org/1999/xlink/properties/linkbase'/>

   <!-- Contexts -->
   <context id='I-2017'>
      <entity>
         <identifier scheme='http://standards.iso.org/iso/17442'>30810137d58f76b84afd</identifier>
      </entity>
      <period>
         <instant>2017-12-31</instant>
      </period>
   </context>
   <context id='I-2018'>
      <entity>
         <identifier scheme='http://standards.iso.org/iso/17442'>30810137d58f76b84afd</identifier>
      </entity>
      <period>
         <instant>2018-12-31</instant>
      </period>
   </context>
   <context id='D-2018'>
      <entity>
         <identifier scheme='http://standards.iso.org/iso/17442'>30810137d58f76b84afd</identifier>
      </entity>
      <period>
         <startDate>2018-01-01</startDate>
         <endDate>2018-12-31</endDate>
      </period>
   </context>

   <!-- Units -->
   <unit id='U-Monetary'>
      <measure>iso4217:USD</measure>
   </unit>

   <!-- Facts -->
   <ipsas:CashAndCashEquivalents contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>3000</ipsas:CashAndCashEquivalents>
   <ipsas:Receivables contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>1000</ipsas:Receivables>
   <ipsas:Inventories contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>1000</ipsas:Inventories>
   <ipsas:CurrentAssets contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>5000</ipsas:CurrentAssets>
   <ipsas:PropertyPlantAndEquipment contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>1000</ipsas:PropertyPlantAndEquipment>
   <ipsas:NoncurrentAssets contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>1000</ipsas:NoncurrentAssets>
   <ipsas:Assets contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>6000</ipsas:Assets>
   <ipsas:AccountsPayable contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>1000</ipsas:AccountsPayable>
   <ipsas:CurrentLiabilities contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>1000</ipsas:CurrentLiabilities>
   <ipsas:LongtermDebt contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>1000</ipsas:LongtermDebt>
   <ipsas:Liabilities contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>2000</ipsas:Liabilities>
   <ipsas:AccumulatedSurplusesDeficits contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>4000</ipsas:AccumulatedSurplusesDeficits>
   <ipsas:Equity contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>4000</ipsas:Equity>
   <ipsas:LiabilitiesAndEquity contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>6000</ipsas:LiabilitiesAndEquity>
   <ipsas:CashAndCashEquivalents contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>4000</ipsas:CashAndCashEquivalents>
   <ipsas:Receivables contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:Receivables>
   <ipsas:Inventories contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>1000</ipsas:Inventories>
   <ipsas:CurrentAssets contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>7000</ipsas:CurrentAssets>
   <ipsas:PropertyPlantAndEquipment contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>6000</ipsas:PropertyPlantAndEquipment>
   <ipsas:NoncurrentAssets contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>6000</ipsas:NoncurrentAssets>
   <ipsas:Assets contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>13000</ipsas:Assets>
   <ipsas:AccountsPayable contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>1000</ipsas:AccountsPayable>
   <ipsas:CurrentLiabilities contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>1000</ipsas:CurrentLiabilities>
   <ipsas:LongtermDebt contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>6000</ipsas:LongtermDebt>
   <ipsas:Liabilities contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>7000</ipsas:Liabilities>
   <ipsas:AccumulatedSurplusesDeficits contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>6000</ipsas:AccumulatedSurplusesDeficits>
   <ipsas:Equity contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>6000</ipsas:Equity>
   <ipsas:LiabilitiesAndEquity contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>13000</ipsas:LiabilitiesAndEquity>
   <ipsas:NoncurrentLiabilities contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>6000</ipsas:NoncurrentLiabilities>
   <ipsas:NoncurrentLiabilities contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>1000</ipsas:NoncurrentLiabilities>
   <ipsas:Taxes contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>3000</ipsas:Taxes>
   <ipsas:FeesFinesPenaltiesAndLicenses contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>1000</ipsas:FeesFinesPenaltiesAndLicenses>
   <ipsas:Revenue contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>4000</ipsas:Revenue>
   <ipsas:GeneralPublicServices contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:GeneralPublicServices>
   <ipsas:DepreciationAndAmortization contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>0</ipsas:DepreciationAndAmortization>
   <ipsas:Expenses contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:Expenses>
   <ipsas:SurplusDeficit contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:SurplusDeficit>
   <ipsas:CollectionReceivables contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>3000</ipsas:CollectionReceivables>
   <ipsas:PaymentOfAccountsPayable contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:PaymentOfAccountsPayable>
   <ipsas:AdditionalLongtermBorrowings2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>6000</ipsas:AdditionalLongtermBorrowings2>
   <ipsas:RepaymentLongtermBorrowings2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>1000</ipsas:RepaymentLongtermBorrowings2>
   <ipsas:CapitalAdditionsPropertyPlantAndEquipment2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>5000</ipsas:CapitalAdditionsPropertyPlantAndEquipment2>
   <ipsas:NetCashFlowOperatingActivities contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>1000</ipsas:NetCashFlowOperatingActivities>
   <ipsas:NetCashFlowFinancingActivities contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>5000</ipsas:NetCashFlowFinancingActivities>
   <ipsas:NetCashFlowInvestingActivities contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>-5000</ipsas:NetCashFlowInvestingActivities>
   <ipsas:NetCashFlow contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>1000</ipsas:NetCashFlow>
   <ipsas:FinishedGoods contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>700</ipsas:FinishedGoods>
   <ipsas:FinishedGoods contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>600</ipsas:FinishedGoods>
   <ipsas:WorkInProgress contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>100</ipsas:WorkInProgress>
   <ipsas:WorkInProgress contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>200</ipsas:WorkInProgress>
   <ipsas:RawMaterial contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>200</ipsas:RawMaterial>
   <ipsas:RawMaterial contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>200</ipsas:RawMaterial>
   <ipsas:ProductAlpha contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>600</ipsas:ProductAlpha>
   <ipsas:ProductAlpha contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>400</ipsas:ProductAlpha>
   <ipsas:ProductBravo contextRef='I-2017' unitRef='U-Monetary' decimals='INF'>100</ipsas:ProductBravo>
   <ipsas:ProductBravo contextRef='I-2018' unitRef='U-Monetary' decimals='INF'>200</ipsas:ProductBravo>
   <ipsas:AdditionalLongtermBorrowings contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>6000</ipsas:AdditionalLongtermBorrowings>
   <ipsas:RepaymentLongtermBorrowings contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>1000</ipsas:RepaymentLongtermBorrowings>
   <ipsas:PurchasesOfInventoryForSale2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:PurchasesOfInventoryForSale2>
   <ipsas:PaymentOfAccountsPayable2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:PaymentOfAccountsPayable2>
   <ipsas:CapitalAdditionsPropertyPlantAndEquipment contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>5000</ipsas:CapitalAdditionsPropertyPlantAndEquipment>
   <ipsas:DepreciationAndAmortization2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>0</ipsas:DepreciationAndAmortization2>
   <ipsas:PropertyPlantAndEquipmentWrittenOff contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>0</ipsas:PropertyPlantAndEquipmentWrittenOff>
   <ipsas:PurchasesOfInventoryForSale contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:PurchasesOfInventoryForSale>
   <ipsas:GeneralPublicServices2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>2000</ipsas:GeneralPublicServices2>
   <ipsas:Revenue2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>4000</ipsas:Revenue2>
   <ipsas:CollectionReceivables2 contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>3000</ipsas:CollectionReceivables2>
   <ipsas:AdditionsToAllowanceForBadDebts contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>0</ipsas:AdditionsToAllowanceForBadDebts>
   <ipsas:BadDebtsWrittenOff contextRef='D-2018' unitRef='U-Monetary' decimals='INF'>0</ipsas:BadDebtsWrittenOff>
   <ipsas:BasisOfReporting contextRef='D-2018'>This report is prepared using the XASB reporting scheme.  Monetary units are expressed in US Dollars.</ipsas:BasisOfReporting>
   <ipsas:NatureEconomicEntity contextRef='D-2018'>Revenue is recognized when earned.</ipsas:NatureEconomicEntity>
   <ipsas:InventoryValuationMethod contextRef='D-2018'>Inventory is valued using the first-in; first-out method (FIFO).</ipsas:InventoryValuationMethod>
</xbrl>
