Novo-Nordisk-AR-2012-en

84 CONSOLIDATED FINANCIAL STATEMENTS
4.8 Financial income and expenses
Accounting policies
The activity of the fi nancial assets and liabilities and borrowings generates
the fi nancial income and expenses in Novo Nordisk. For 2012, ‘Share of
profi t or loss of associated companies’ has been reclassifi ed as part of
fi nancial income, disclosed as ‘Income from other fi nancial assets’. The net
fi nancials in the Income statement are mainly related to foreign exchange
elements and can be specifi ed as follows:
Financial income
DKK million 2012 2011 2010
Interest income 124 274 235
Foreign exchange gain (net) – – 86
Foreign exchange gain on
derivatives (net) – 240 61
Income from other fi nancial assets 1 – 1,070
Total fi nancial income 125 514 1,452
NOVO NORDISK ANNUAL REPORT 2012
Financial expenses
DKK million 2012 2011 2010
Interest expenses 58 275 500
Foreign exchange loss (net) 161 256 –
Forward contracts loss (net) 1 39 1,276 2,049
Loss on currency options (net) 147 200 82
Loss on investments etc. 118 27 23
Other fi nancial expenses 83 99 46
Cash fl ow hedge transferred from
other comprehensive income (net) 1 1,182 (1,170) (643)
Total fi nancial expenses 1,788 963 2,057
1. Comparative fi gures for 2011 and 2010 have been adjusted to align with the 2012
presentation. Total fi nancial expenses are unchanged for 2011 and 2010.