Investor Presentaiton
Novo Nordisk Annual Report 2023
Financial statements of the parent company
4 Financial income and financial expenses
DKK million
6 Intangible assets
2023
2022
DKK million
Interest income relating to subsidiaries
487
365
Cost at the beginning of the year
Intellectual
property rights
20,167
Software
and other
intangibles
2023
2022
3,653
23,820
12,572
Interest income relating to external counterparties
936
170
Foreign exchange gain (net)
772
Financial gain from forward contracts (net)
1,263
Additions during the year
Disposals during the year
Cost at the end of the year
11,347
490
11,837
11,399
(151)
31,514
4,143
35,657
23,820
Capital gain from marketable securities
144
Amortisation at the beginning of the year
2,672
1,699
4,371
3,462
Other financial income
34
32
Amortisation during the year
840
171
1,011
810
Total financial income
3,636
567
Impairment losses for the year
1,499
21
1,520
250
Interest expenses relating to subsidiaries
4,225
1,150
Amortisation and impairment losses reversed on disposals during the year
(151)
Result of associated company
38
4
Amortisation at the end of the year
5,011
1,891
6,902
4,371
Foreign exchange loss (net)
2,705
Carrying amount at the end of the year
26,503
2,252
28,755
19,449
Financial loss from forward contracts (net)
1,659
Capital loss from marketable securities
Other financial expenses
Total financial expenses
5 Deferred income tax assets/(liabilities)
463
Intangible assets primarily relate to intellectual property rights, internally developed software and costs related to major IT projects. Intangible assets which are not yet available
for use amount to DKK 19,993 million (DKK 10,007 million in 2022).
318
299
4,581
6,280
DKK million
2023
2022
Net deferred tax asset/(liability) at the beginning
of the year
(2,967)
228
Income/(charge) to the income statement
(2,797)
(2,629)
Income/(charge) to equity
(518)
(566)
Net deferred tax asset/(liability)
at the end of the year
(6,282)
(2,967)
The Danish corporate tax rate is 22% in 2023 (22% in 2022).
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