companydata.dkRevenue (omsætning)
Revenue (nettoomsætning) is a company's total income from sales of goods and services in the fiscal year, excluding VAT and net of discounts.
Revenue is the best measure of a company's activity level and market position. It sits at the top of the income statement, and all costs are deducted from it until the net result remains at the bottom.
Why is revenue often missing from Danish financial statements?
Small companies in reporting class B are allowed to omit revenue and show gross profit instead. Revenue is therefore only known for medium-sized and large companies (classes C and D) and for smaller companies that disclose it voluntarily. When revenue is not disclosed, gross profit is the closest public figure.
Related terms
Gross profit (bruttofortjeneste)
Gross profit (bruttofortjeneste) is revenue minus the direct costs of delivering goods or services (e.g. cost of goods sold). For most small Danish companies, gross profit is the top line of the published financial statements, because revenue may be omitted.
Profit margin (overskudsgrad)
The profit margin (overskudsgrad) shows how large a share of revenue ends up as operating profit. It is calculated as operating profit divided by net revenue, multiplied by 100.
Reporting class (regnskabsklasse)
The reporting class (A, B, C, or D) is the Danish Financial Statements Act's grouping of companies by size and type. The class determines the content requirements for the annual report — the higher the class, the more disclosure.
Net result (årets resultat)
The net result (årets resultat) is the bottom line of the financial statements: the company's total profit or loss for the fiscal year after all costs, financial items, and tax have been deducted.