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, 2009. 

The consolidated financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the EU, and the Parent Company financial statements are prepared in accordance with the Danish Financial Statements Act. Moreover, the Annual Report is prepared in accordance with additional 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 Annual Report therefore provides a true and fair view of the assets, liabilities, and financial position at December 31, 2009, of the Group and the Parent Company, and of the results of the Group's and the Parent Company's operations and consolidated cash flows for the financial year 2009.

We further consider that the Management’s review in the Annual Report gives a true and fair view of the development in the Group’s and the Parent Company's activities and business, the profit for the year, and the Group’s and the Parent Company's financial position as a whole, and a description of the most significant risks and uncertainties to which the Group and the Parent Company is subject.

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, 2010


Executive Management



Steen Riisgaard
President & CEO



Benny D. Loft

Per Falholt

Peder Holk Nielsen

Thomas Nagy

Thomas Videbæk


Board of Directors



Henrik Gürtler

Kurt Anker Nielsen

Paul Petter Aas

Jerker Hartwall

Søren Jepsen



Ulla Morin

Michael Munksø

Walther Thygesen

Mathias Uhlén


My Report