Audited by PwC

Income statement - the Novozymes Group

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Note 2011 2010
            DKK million  DKK million  
1, 2 Revenue 10,510  9,724 
3, 6 Cost of goods sold 4,602  4,312 
  Gross profit   5,908  5,412   
   
3, 6 Sales and distribution costs 1,376  1,242 
3, 6 Research and development costs 1,464  1,360 
3, 4, 5, 6 Administrative costs 778  762 
7 Other operating income, net 50  69 
Operating profit / EBIT   2,340  2,117   
8 Financial income 208  113 
9 Financial costs 133  107 
Profit before tax   2,415  2,123   
10 Tax 587  509 
  Net profit   1,828  1,614   
Attributable to:
Shareholders in the parent company 1,826  1,613 
Minority interests    
1,828  1,614 
Proposed dividend per share DKK 1.90 DKK 1.60
20 Earnings per share DKK 5.79 DKK 5.15
20 Earnings per share, diluted DKK 5.71 DKK 5.05