Unilever 2001 Annual Report Download - page 78

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Unilever Annual Report & Accounts and Form 20-F 2001
NOTES TO THE CONSOLIDATED ACCOUNTS
Unilever Group
>75
Financial Statements
21 Profit retained
million million million million million million
NV NV NV PLC PLC PLC
2001 2000 1999 2001 2000 1999
Net profit 817 675 1 761 1 021 430 1 010
Preference dividends (51) (44) (20) –––
Dividends on ordinary capital (868) (803) (709) (662) (611) (536)
Result for the year retained (102) (172) 1 032 359 (181) 474
Goodwill movements 192 917 25 82 276 13
Currency retranslation (810) (379) 276 (248) 142 104
Net movement during the year (720) 366 1 333 193 237 591
Profit retained – 1 January 5 036 4 670 3 337 2 110 1 873 1 282
Profit retained – 31 December 4 316 5 036 4 670 2 303 2 110 1 873
Of which retained by:
Parent companies 3 508 2 375 2 170 1 552 1 499 1 456
Other group companies 797 2 656 2 493 748 609 416
Joint ventures 11 57321
4 316 5 036 4 670 2 303 2 110 1 873
Cumulative goodwill written off directly to reserves (5 456) (5 648) (6 565) (2 399) (2 481) (2 757)
22 Other reserves
million million million million million million
NV NV NV PLC PLC PLC
2001 2000 1999 2001 2000 1999
Adjustment on translation of PLC‘s ordinary
capital at £1 = Fl. 12 = 5.445 –––(155) (157) (157)
Capital redemption reserve –––18 18 18
Book value of shares or certificates held in
connection with share options (a) (1 077) (553) (364) (403) (475) (468)
(1 077) (553) (364) (540) (614) (607)
(a) Under UITF 13 these shares would be classified as fixed assets.
23 Commitments and contingent liabilities
million million million
2001 2000 1999
Long-term lease commitments under operating leases in respect of:
Land and buildings 1 419 1 777 1 227
Other tangible fixed assets 615 793 440
2 034 2 570 1 667
The commitments fall due as follows:
Within 1 year 392 488 331
After 1 year but within 2 years 330 414 266
After 2 years but within 3 years 273 347 219
After 3 years but within 4 years 249 308 187
After 4 years but within 5 years 217 266 173
After 5 years 573 747 491
2 034 2 570 1 667
Other commitments 407 310 255
Of which payable within one year 108 82 69
Contingent liabilities amounted to some 443 million (2000: 450 million) of which 202 million relates to guarantees. These guarantees
are not expected to give rise to any material loss. Guarantees given by parent or group companies relating to liabilities included in
the consolidated accounts are not included. Other contingent liabilities arise in respect of litigation against companies in the Group,
investigations by competition authorities and obligations under environmental legislation in various countries. These are not expected
to give rise to any material loss.