Annual Report 2023

Annual Report 2023

Consolidated Statements of Profit or Loss

 

 

 

 

Year Ended December 31,

(in thousands of $ except for shares and EPS)

 

Note

 

2023

 

2022

 

2021

Product net sales

 

15, 18

 

1,190,783

 

400,720

 

Collaboration revenue

 

16

 

35,533

 

10,026

 

497,277

Other operating income

 

17

 

42,278

 

34,520

 

42,141

Total operating income

 

 

 

1,268,594

 

445,267

 

539,418

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

 

(117,835)

 

(29,431)

 

Research and development expenses

 

19

 

(859,492)

 

(663,366)

 

(580,520)

Selling, general and administrative expenses

 

20

 

(711,905)

 

(472,132)

 

(307,644)

Loss from investment in joint venture

 

 

 

(4,411)

 

(677)

 

Total operating expenses

 

 

 

(1,693,643)

 

(1,165,607)

 

(888,164)

 

 

 

 

 

 

 

 

 

Operating loss

 

 

 

(425,049)

 

(720,341)

 

(348,746)

 

 

 

 

 

 

 

 

 

Financial income

 

23

 

107,386

 

27,665

 

3,633

Financial expense

 

23

 

(906)

 

(3,906)

 

(4,578)

Exchange gains/(losses)

 

23

 

14,073

 

(32,732)

 

(50,053)

 

 

 

 

 

 

 

 

 

Loss for the year before taxes

 

 

 

(304,496)

 

(729,314)

 

(399,743)

Income tax benefit/(expense)

 

24

 

9,443

 

19,720

 

(8,522)

Loss for the year

 

 

 

(295,053)

 

(709,594)

 

(408,265)

Loss for the year attributable to:

 

 

 

 

 

 

 

 

Owners of the parent

 

 

 

(295,053)

 

(709,594)

 

(408,265)

Weighted average number of shares outstanding

 

 

 

57,169,253

 

54,381,371

 

51,075,827

Basic and diluted (loss) per share (in $)

 

25

 

(5.16)

 

(13.05)

 

(7.99)

The accompanying notes form an integral part of these consolidated financial statements.