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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Novo Nordisk A/S, Consolidated Income Statement
USD $ in millions, translated from DKK kr
| 12 months ended | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | Dec 31, 2006 | |
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Sales | |
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Cost of goods sold | |
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Gross profit | |
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Sales and distribution costs | |
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Research and development costs | |
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Administrative expenses | |
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Licence fees and other operating income, net | |
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Operating profit | |
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Share of profit (loss) of associated companies, net of tax | |
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Interest income | |
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Foreign exchange gain (net) | |
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Foreign exchange gain on derivatives (net) | |
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Gains on currency options (net) | |
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Capital gain on investments etc | |
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Foreign exchange gain on derivatives transferred from Other comprehensive income (net) | |
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Financial income | |
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Interest expenses | |
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Foreign exchange loss (net) | |
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Foreign exchange loss on derivatives (net) | |
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Loss on currency options (net) | |
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Capital loss on investments etc | |
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Other financial expenses | |
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Foreign exchange loss on derivatives transferred from Other comprehensive income (net) | |
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Financial expenses | |
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Profit before income taxes | |
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Income taxes | |
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Net profit for the year | |
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| Item | Description | The company |
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| Sales | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Novo Nordisk A/S's sales increased from 2008 to 2009 and from 2009 to 2010. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | Novo Nordisk A/S's operating profit increased from 2008 to 2009 and from 2009 to 2010. |
| Profit before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Novo Nordisk A/S's profit before income taxes increased from 2008 to 2009 and from 2009 to 2010. |
| Net profit for the year | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Novo Nordisk A/S's net profit for the year increased from 2008 to 2009 and from 2009 to 2010. |
February 8, 2012