ANNUAL REPORT 2021
LUNDBECK
ANNUAL REPORT 2021
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CONTENTS
FINANCIAL STATEMENTS OF THE PARENT COMPANY
NOTES 1-3
97/111
1 REVENUE
Information on employees
Revenue by region
2021
DKKM
2020
Average number of full-time employees in the financial year
DKKm
Europe
3,761
3,636
Number of full-time employees at 31 December
2021
2020
1,721
1,738
1,732
1,709
North America
4,994
4,806
International markets
2,338
2,187
Remuneration of the Registered Executive Management
Total
11,093
10,629
See notes 3 Employee costs and 14 Incentive programs in the consolidated financial statements.
Other revenue
Effects from hedging
Total revenue
152
99
Remuneration of the Board of Directors
53
5
11,298
10,733
See note 3 Employee costs in the consolidated financial statements.
Incentive programs
See note 14 Incentive programs in the consolidated financial statements.
2 EMPLOYEE COSTS
Breakdown of employee costs
Short-term employee benefits
Retirement benefits
Social security costs
Equity- and cash-settled incentive programs
Severance and other costs from restructuring activities
Total
2021
DKKm
2020
DKKm
3 INVESTMENTS IN SUBSIDIARIES
1,396
1,456
125
126
20
27
Cost at 1 January
34
29
100
2
Capital contributions to subsidiaries
Cost at 31 December
1,675
1,640
2021
DKKm
10,738
5
10,743
Employee costs for the year are included in the following functions in the statement of profit or loss:
Impairment at 1 January
Impairment at 31 December
2021
2020
Carrying amount at 31 December
204
204
10,539
Employee costs
DKKm
DKKm
Cost of sales
428
414
Sales and distribution costs
177
105
Administrative expenses
Research and development costs
Total
347
391
723
730
In 2021, income from investments in subsidiaries relates to dividends amounting to DKK 223 million. In 2020,
income from investments in subsidiaries related to dividends received, proceeds from liquidation of subsidiaries
and impairment losses recognized related to investments in subsidiaries amounting to DKK 757 million.
1,675
1,640
See note 23 List of subsidiaries in the consolidated financial statements for an overview of subsidiaries.View entire presentation