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Income statement - Novozymes A/S

2007 2006
Note     DKK million  DKK million  
1 Net turnover 4,010  3,853 
2 Cost of goods sold   2,320  2,057   
  Gross profit 1,690  1,796 
   
2 Sales and distribution costs 530  516 
2 Research and development costs 810  632 
2, 3 Administrative costs 403  457 
Other operating income, net 769  758   
Operating profit 716  949 
7 Income before tax on participating interests in subsidiaries 678  370 
4 Financial income 63  59 
4 Financial costs   106  155   
Profit before tax 1,351  1,223 
Corporation tax   340  309   
Net profit 1,011  914 
Proposed appropriation of net profit
Dividend to shareholders 309  278 
Revaluation reserve according to the equity method 147  (15)
Retained earnings   555  651   
1,011  914 
Proposed dividend per share  DKK 5.00   DKK 4.50