Unilever 2001 Annual Report Download - page 4

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Unilever Annual Report & Accounts and Form 20-F 2001
CONTENTS >1
Contents
Report of the Directors
Financial highlights 3
Chairmen’s statement 4
Code of Business Principles 6
About Unilever 7
Operating review – highlights 11
Operating review by region 14
Europe 14
North America 15
Africa, Middle East and Turkey 16
Asia and Pacific 17
Latin America 18
Operating review by category – Foods 19
Oil and dairy based foods and bakery 20
Ice cream and beverages 21
Culinary and frozen foods 22
Operating review by category – Home & Personal Care 24
Home care and professional cleaning 24
Personal care 26
Financial review 28
Corporate governance 34
Organisational structure of Unilever 34
Directors 37
Advisory Directors 38
Business Presidents 38
Remuneration report 40
Financial Statements
Statement of directors’ responsibilities 49
Report of independent auditors 50
Accounting information and policies 51
Consolidated profit and loss account 54
Consolidated statement of total recognised
gains and losses 55
Consolidated cash flow statement 55
Consolidated balance sheet 56
Notes to the consolidated accounts 57
1 Segmental information 57
2 Operating costs 62
3 Staff costs and employees 62
4 Exceptional items 62
5 Interest 63
6 Taxation on profit on ordinary activities 63
7 Combined earnings per share 64
8 Dividends on ordinary capital 65
9 Goodwill and intangible assets 65
10 Tangible fixed assets 65
11 Fixed investments 66
12 Stocks 66
13 Debtors 66
14 Net funds/(debt) 66
15 Financial instruments 68
16 Trade and other creditors 69
17 Pensions and similar obligations 69
18 Deferred taxation and other provisions 73
19 Capital and reserves 73
20 Called up share capital 74
21 Profit retained 75
22 Other reserves 75
23 Commitments and contingent liabilities 75
24 Acquisition and disposal of group companies 76
25 Reconciliation of operating profit to operating
cash flows 77
26 Analysis of cash flows for headings netted in
the cash flow statement 78
Financial Statements (continued)
27 Analysis of net funds/(debt) 79
28 Equity based compensation plans 79
29 Summarised accounts of the NV and PLC parts
of the Group 88
Five year record 89
Additional information for United States investors 94
Principal group companies and fixed investments 97
Company accounts Unilever N.V. 101
Company accounts Unilever PLC 104
Shareholder information
Control of Unilever 107
Analysis of shareholding 111
Information about exchange controls affecting security holders 112
Nature of the trading market 112
Taxation for US residents 114
Dividends 116
Cross reference to Form 20-F 117
Glossary 118
Financial calendar and addresses 119
Website 120
Publications 120
Share registration 120
Cautionary Statement
This Annual Report & Accounts and Form 20-F 2001 contains
forward-looking statements (within the meaning of the US Private
Securities Litigation Reform Act 1995) based on our best current
information and what we believe to be reasonable assumptions
about anticipated developments. Words such as ‘expects’,
‘anticipates’, ‘intends’ and other similar expressions are intended
to identify such forward-looking statements. Because of the risks
and uncertainties that always exist in any operating environment
or business, we cannot give any assurance that the expectations
reflected in these statements will prove correct. Actual results and
developments may differ materially depending upon, among other
factors, currency values, competitive pricing, consumption levels,
costs, environmental risks, physical risks, risks related to the
integration of acquisitions, legislative, fiscal and regulatory
developments and political and social conditions in the economies
and environments where Unilever operates. You are cautioned not
to place undue reliance on these forward-looking statements.
Risks and uncertainties that could cause actual results to vary from
those described in our forward-looking statements include those
given under the sections entitled ‘About Unilever‘ on pages 7 to 10,
‘Operating Review‘ on pages 11 to 27, ‘Financial Review‘ on pages
28 to 33, and ‘Risk Factors‘ on pages 32 and 33, to which you
should refer.