Merck 2010 Annual Report Download - page 220
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In oncology, recurrent cancer means that the disease returns after it seems to have completely disappeared.
This is often caused by the incomplete removal of the tumor.
Research spending as a proportion of the total revenues of the company or division.
Return on sales: Ratio of operating result to total revenues. This is a key performance indicator for steering
the business.
Schistosomiasis, also known as bilharziosis, is a parasitic disease that is spread in warm lakes and ponds
by snails that serve as intermediate hosts.
A proteohormone occurring as a growth hormone in the human and animal organism. Somatotropin is
essential to the achievement of normal height.
Also known as a “syndicated bank facility”. This is a loan offered by a group of lenders (called a syndicate).
The lenders, such as banks or institutional investors, form a syndicate.
The tax rate indicates the percentage rate by which Group profit before tax and exceptional items is to
be multiplied in order to calculate the theoretical tax expense before exceptional items.
The tax ratio indicates the ratio of total taxes to profit before tax.
The tax rate before exceptional items indicates the ratio of total taxes (adjusted for the tax effects of
exceptional items) to profit before tax (adjusted for exceptional items).
Sum of sales as well as royalty, license and commission income. Royalties are earned primarily through
patents held by the Pharmaceuticals business sector.
Free cash flow adjusted for acquisitions and divestments.
Verband der Chemischen Industrie (German Chemical Industry Association) represents the economic-political
interests of 1,600 German chemical companies.
216 Merck Annual Report 2010