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Unilever Annual Report and Accounts and Form 20-F 2000 Financial Statements
98
Additional information for United States investors
Unilever Group
Unilever´s consolidated accounts are prepared in accordance with accounting principles which differ in some respects from those applicable
in the United States. The following is a summary of the approximate effect on the Group’s net profit, combined earnings per share and
capital and reserves of the application of United States generally accepted accounting principles (US GAAP).
€million
2000 1999 1998
Net profit as reported in the consolidated profit and loss account 1 105 2 771 2 944
Attributable to: NV 675 1 761 1 658
PLC 430 1 010 1 286
US GAAP adjustments:
Currency retranslation w ritten back due to Elizabeth Arden disposal 115 ——
Goodwill 76 (213) (198)
Identifiable intangibles (128) (112) (109)
Restructuring costs 76 45 (187)
Interest (68) (9) (25)
Pensions 95 (13) 7
Taxation effect of above adjustments (5) 21 111
Net increase/(decrease) 161 (281) (401)
Approximate net income under US GAAP 1 266 2 490 2 543
Attributable to: NV 832 1 576 1 334
PLC 434 914 1 209
Approximate combined net income per share under US GAAP
Euros per Fl. 1.12 (1998: Fl. 1) of ordinary capital 1.24 2.36 2.27
Euro cents per 1.4p (1998: 1.25p) of ordinary capital 18.53 35.45 34.09
Approximate combined diluted net income per share under US GAAP
Euros per Fl. 1.12 (1998: Fl. 1) of ordinary capital 1.20 2.30 2.22
Euro cents per 1.4p (1998: 1.25p) of ordinary capital 18.07 34.57 33.26
Capital and reserves as reported in the consolidated balance sheet 8 169 7 761
Attributable to: NV 6 300 6 122
PLC 1 869 1 639
US GAAP adjustments:
Goodwill 2 926 3 916
Identifiable intangibles 3 067 2 988
Restructuring costs 185 104
Interest 487 555
Pensions 437 185
Dividends 937 894
Taxation effect of above adjustments (1 133) (1 028)
Net increase 6 906 7 614
Approximate capital and reserves under US GAAP 15 075 15 375
Attributable to: NV 11 086 11 419
PLC 3 989 3 956
The aggregate amounts included in capital and reserves (Unilever GAAP) in respect of
cumulative currency translation adjustments are as follows:
Balance 1 January (3 411) (3 761) (3 158)
Arising during the year (252) 350 (603)
Balance 31 December (3 663) (3 411) (3 761)
The aggregate amounts of foreign currency transaction gains and (losses) charged in the
consolidated profit and loss account are: 8(2) (89)