Statement of the Board of Directors and Executive Management


Audited by PwC

The Board of Directors and Executive Management have today considered and approved the Annual Report of Novozymes A/S for the financial year January 1 – December 31, 2010.

The Consolidated Financial Statements are prepared in accordance with International Financial Reporting Standards as adopted by the EU, and the Financial Statements are prepared in accordance with the Danish Financial Statements Act. Moreover, the Consolidated Financial Statements and the Financial Statements are prepared in accordance with additional Danish disclosure requirements for listed companies. Management’s Review is also prepared in accordance with Danish disclosure requirements for listed companies.

In our opinion, the accounting policies used are appropriate, and the Group’s internal controls relevant to preparation and presentation of the Annual Report are adequate. The Consolidated Financial Statements and the Financial Statements give a true and fair view of the financial position at December 31, 2010, of the Group and the Company, and of the results of the Group and the Company operations, and of consolidated cash flows for the financial year 2010.

In our opinion, Management’s Review includes a true and fair account of the development in the operations and financial circumstances of the Group and the Company, of the result for the year, and of the financial position of the Group and the Company as well as a description of the most significant risks and elements of uncertainty facing the Group and the Company.

In our opinion, Novozymes A/S adheres to the AA1000 AccountAbility principles, and environmental and social data are stated in accordance with the accounting policies.

We recommend that the Annual Report be adopted by the Annual Shareholders’ Meeting.
 


Bagsvaerd, January 21, 2011

 

Executive Management

 

 

Steen Riisgaard
President & CEO

 

 

Benny Loft

Per Falholt

Peder Holk Nielsen

Thomas Nagy

Thomas Videbæk

 

 

Board of Directors

 

 

Henrik Gürtler
Chairman

Kurt Anker Nielsen
Vice-Chairman

Paul Petter Aas

Jerker Hartwall

Søren Henrik Jepsen

 

 

Lars Bo Køppler

Ulla Morin

Walther Thygesen

Mathias Uhlén


 

My Report

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