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Income statement - The Novozymes Group

Note 2005 2004
            DKK milion DKK milion  
1, 2 Sales 6,281  5,988 
3, 5 Cost of goods sold 2,936  2,838 
  Gross profit   3,345  3,150   
   
3, 5 Sales and distribution costs 748  709 
3, 5 Research and development costs 793  780 
3, 4, 5 Administrative costs 632  603 
6 Licence fees and Other operating income, net 34  31 
Operating profit   1,206  1,089   
7 Financial income 76  89 
8 Financial costs 132  122 
Profit before tax   1,150  1,056   
9 Corporation tax 289  281 
  Net profit   861  775   
Attributable to:
Shareholders in the parent company 858  764 
Minority interests   11   
861  775 
Proposed dividend per share DKK 4.00 DKK 3.50
18 Earnings per share DKK 13.11  DKK 11.19
18 Earnings per share, diluted  DKK 12.79 DKK 10.94
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