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Unilever Annual Report & Accounts and Form 20-F 2000 Financial Statements
76
Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2000Unilever Annual Report & Accounts and Form 20-F 2000
31 Combined earnings per share continued
United Kingdom Financial Reporting Standard 14, earnings per share for prior years have not been restated.
Earnings per share before exceptional items and amortisation of goodwill and intangibles is provided because the directors believe it better
explains the ongoing trends in the Group’s performance.
The calculations of diluted earnings per share are based on (a) conversion into PLC ordinary shares of the shares in a group company which
are convertible in the year 2038 as described in note 21 on page 65, and (b) the exercise of share options, details of which are set out in
note 21 on pages 65 to 68.
Calculation of average number of share units:
Thousands of share units Thousands of share units
Fl. 1.12 Fl. 1.12 Fl. 1 1.4p 1.4p 1.25p
2000 1999 1998 2000 1999 1998
Average ordinary capital: NV 571 576 601 725 640 165 3 810 506 4 011 500 4 267 767
PLC 436 719 459 745 489 099 2 911 458 3 064 967 3 260 662
less: shares held by employee share trusts
and companies (19 078) (16 287) (13 100) (127 182) (108 583) (87 331)
Combined average number of share units
for all bases except diluted earnings per share 989 217 1 045 183 1 116 164 6 594 782 6 967 884 7 441 098
add: shares issuable in 2038 23 625 23 625 23 625 157 500 157 500 157 500
add: shares under option 17 190 14 264 11 898 114 602 95 094 79 317
less: shares issuable at fair value (15 757) (11 361) (7 528) (105 051) (75 735) (50 187)
Adjusted combined average number of share
units for diluted earnings per share basis 1 014 275 1 071 711 1 144 159 6 761 833 7 144 743 7 627 728
Calculation of net profit:
million
2000 1999 1998
Net profit 1 105 2 771 2 944
less: preference dividends (44) (20) (7)
Net profit attributable to ordinary capital for basic and diluted earnings per share calculations 1 061 2 751 2 937
add: exceptional items net of tax 1 709 185 (52)
add: amortisation of goodwill and intangibles net of tax 409 21 8
Net profit before exceptional items and intangibles 3 179 2 957 2 893
Net profit attributable to ordinary capital before adjustment 1 061 2 751 2 937
SSAP 15 tax adjustment (10) (28) (63)
Net profit attributable to ordinary capital on SSAP 15 basis 1 051 2 723 2 874
32 Dividends per share
NV* PLC
Euros per Fl. 1.12 (1998: Fl. 1) Pence per 1.4p (1998: 1.25p)
of ordinary capital of ordinary capital
2000 1999 1998 2000 1999 1998
Interim 0.48 0.40 0.37 4.40 3.93 2.95
Normal final 0.95 0.87 0.77 8.67 8.57 7.75
Special final 6.58 66.13
Total 1.43 1.27 7.72 13.07 12.50 76.83
* In 1999 and prior years, NV dividends w ere declared and paid in guilders. For comparative purposes, guilder values have been converted
into euros in this table using the official rate of 1.00 = Fl. 2.20371. Full details of dividends for the years 1996 to 2000 are given on
page 121.