Unilever 2001 Annual Report Download - page 76

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Unilever Annual Report & Accounts and Form 20-F 2001
NOTES TO THE CONSOLIDATED ACCOUNTS
Unilever Group
>73
Financial Statements
18 Deferred taxation, restructuring and other provisions
million million
2001 2000
Deferred taxation on:
Accelerated depreciation 1 009 1 051
Stock reliefs 55 59
Pension and similar provisions (843) (748)
Short-term and other timing differences (990) (1 177)
(769) (815)
Less asset balances reclassified as debtors
due after more than one year 13 1 670 1 627
901 812
Restructuring provisions 773 650
Other provisions 586 523
Total 2 260 1 985
Movements in deferred taxation:
1 January 812
Currency retranslation 32
Acquisition/disposal of group companies (105)
Profit and loss account 120
Other movements 42
31 December 901
On a SSAP 15 basis provision for
deferred taxation would be: (315) (451)
Movements in restructuring provisions:
1 January 650
Currency retranslation 3
Acquisition/disposal of group companies 183
Profit and loss account:
new charges 739
releases (70)
Utilisation (732)
31 December 773
Movements in other provisions:
1 January 523
Currency retranslation 20
Acquisition/disposal of group companies 70
Profit and loss account 20
Utilisation (47)
31 December 586
Restructuring provisions at end of 2001 amounted to 0.8 billion the
cash impact of which is expected to be a cash outflow of 0.6 billion
in 2002 and 0.2 billion thereafter. Other provisions principally
comprise balances held in respect of legal and environmental
exposures. The cash impact of these balances is expected to be a
cash outflow of 0.1 billion in 2002, and 0.5 billion thereafter.
19 Capital and reserves
million million million
2001 2000 1999
Movements during the year:
1 January 8 169 7 761 4 748
Result for the year retained 257 (353) 1 506
Goodwill movements (a) 274 1 193 38
Currency retranslation (1 069) (248) 350
Change in numbers of shares
or certificates held in
connection with share options (436) (184) (264)
Issue of new shares under
PLC share option schemes –– 1
Issue of new NV preference shares ––1 382
31 December 7 195 8 169 7 761
As required by United Kingdom
Financial Reporting Standard 4
capital and reserves can be
analysed as follows:
Equity:
Ordinary capital 5 693 6 667
Non-equity:
7% Cumulative Preference 13 13
6% Cumulative Preference 73 73
4% Cumulative Preference 34 34
5 euro cents Cumulative
Preference 1 382 1 382
Total non-equity 1 502 1 502
Total capital and reserves 7 195 8 169
(a) Includes 859 million written back in 2000 in respect of the
agreed disposal of Elizabeth Arden.