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.