1、ANNUAL REPORT 2010ANNUAL REPORT 2010ANNUAL REPORT 2010ANNUAL REPORT 2010ANNUAL REPORT 2010NOVARTIS GROUP ANNUAL REPORT 20101 4|GROUP REVIEW 19|HEALTHCARE PORTFOLIO 57|CORPORATE CITIZENSHIP 85|CORPORATE GOVERNANCE 111|COMPENSATION REPORT 131|FINANCIAL REPORTOUR MISSION We want to discover,develop and
2、 successfully market innovative products to prevent and cure diseases,to ease suffering and to enhance the quality of life.We also want to provide a shareholder return that refl ects outstanding performance and to adequately reward those who invest ideas and work in our company.2 NOVARTIS GROUP ANNU
3、AL REPORT 20103 4|GROUP REVIEW 19|HEALTHCARE PORTFOLIO 57|CORPORATE CITIZENSHIP 85|CORPORATE GOVERNANCE 111|COMPENSATION REPORT 131|FINANCIAL REPORTCONTENTSGROUP REVIEW Financial Highlights 4News in 2010 5 Letter from Daniel Vasella 7Interview with Joseph Jimenez 15HEALTHCARE PORTFOLIO Contents 19 P
4、harmaceuticals 23 Novartis Institutes for BioMedical Research 35 Vaccines and Diagnostics 39 Sandoz 45 Consumer Health 51 CORPORATE CITIZENSHIP Contents 57 Commitment to Patients 61 Commitment to People and Communities 67 Commitment to the Environment 73 Commitment to Ethical Business Conduct 78 Ind
5、ependent Assurance Report 83CORPORATE GOVERNANCE Contents 85 Our Board of Directors 90 Our Management 101COMPENSATION REPORT Contents 111 Compensation Report 112NOVARTIS GROUPFINANCIAL REPORT Contents 131Operating and Financial Review 134 Equity Strategy 177 Novartis Group Consolidated Financial Sta
6、tements 180 Financial Statements of Novartis AG 252 Annual Report Photography 268 Key Dates 2011,Contact Information 270 and Forward-Looking Statements KEY FIGURES(In USD millions,unless indicated otherwise)SHARE INFORMATION20102009Net sales50 62444 267Operating income11 5269 982Return on net sales(