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Investor Presentaiton

Novo Nordisk Annual Report 2023 Introducing Novo Nordisk Strategic Aspirations Risks Management Consolidated statements Additional information Section 3 Operating assets and liabilities 3.1 Intangible assets Amortisation and impairment losses DKK million 2023 Cost at the beginning of the year Additions during the year Disposals during the year Effect of exchange rate adjustment Cost at the end of the year Amortisation and impairment losses at the beginning of the year Amortisation for the year DKK million 2023 2022 2021 Impairment losses for the year Cost of goods sold 982 846 844 Impairment losses reversed during the year Sales and distribution costs 9 34 39 Amortisation and impairment losses reversed on disposals during the year Research and development costs 1,757 1,364 744 Administrative costs 41 Other operating income and expenses 459 100 Effect of exchange rate adjustment 19 11 Amortisation and impairment losses at the end of the year 96 1 Carrying amount at the end of the year Total amortisation and impairment losses 3,248 2,359 1,639 2022 Total amortisation 1,834 1,599 1,066 Cost at the beginning of the year Total impairment losses 1,414 760 573 Goodwill Intellectual property rights Software and other intangibles Total intangible assets 4,615 49,731 5,281 59,627 12,567 500 13,067 (1,629) (158) (1,787) (151) 76 (39) (114) 4,464 60,745 5,584 70,793 6,737 1,951 8,688 1,621 213 1,834 1,776 20 1,796 (382) (382) (1,629) (16) (1,645) 102 (6) 96 8,225 2,162 10,387 4,464 52,520 3,422 60,406 4,346 41,802 3,434 49,582 Additions from acquisition of businesses (note 5.3)¹ Additions during the year Disposals during the year Effect of exchange rate adjustment' Cost at the end of the year¹ Amortisation and impairment losses at the beginning of the year Amortisation for the year 5,766 492 6,258 1,310 1,426 2,736 (151) (33) (184) 269 1,004 (38) 1,235 4,615 49,731 5,281 59,627 4,652 1,759 6,411 1,404 195 1,599 Impairment losses for the year 760 760 Amortisation and impairment losses reversed on disposals during the year (149) (13) (162) Effect of exchange rate adjustment 70 10 80 Amortisation and impairment losses at the end of the year 6,737 1,951 8,688 Carrying amount at the end of the year¹ 4,615 42,994 3,330 50,939 1. Comparatives were restated to reflect change in provisional valuation of net identifiable assets from a business combination completed in 2022. Reference is made to note 5.3. 19 61
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