Unilever 2002 Annual Report Download - page 101

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98 Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2002
22 Profit retained
million million million million million million
NV NV NV PLC PLC PLC
2002 2001 2000 2002 2001 2000
Net profit 1 681 817 675 448 1 021 430
Preference dividends (42) (51) (44) –––
Dividends on ordinary capital (941) (868) (803) (718) (662) (611)
Result for the year retained 698 (102) (172) (270) 359 (181)
Goodwill movements 158 192 1 005 300 82 309
Unrealised gain on partial disposal
of a group company –––56 ––
Adjustment arising from change in
ownership of group companies (a) 1 646 ––(1 646) ––
Currency retranslation (1 270) (815) (384) (312) (250) 137
Net movement during the year 1 232 (725) 449 (1 872) 191 265
Profit retained – 1 January (b) 4 149 4 874 4 425 2 268 2 077 1 812
Profit retained – 31 December 5 381 4 149 4 874 396 2 268 2 077
Of which retained by:
Parent companies 6 591 3 508 2 375 1 590 1 552 1 499
Other group companies (1 179) 630 2 494 (1 205) 713 576
Joint ventures and associates (31) 11 5 11 32
5 381 4 149 4 874 396 2 268 2 077
Cumulative goodwill written off directly to reserves (5 298) (5 456) (5 648) (2 099) (2 399) (2 481)
(a) Arising from the legal integration of Bestfoods into Unilever, following which a number of group companies are partly held by Unilever
United States, Inc. and therefore are ultimately owned jointly by NV and PLC. As a result of this, goodwill of 1 646 million arising in
PLC has been eliminated in reserves on consolidation.
(b) Profit retained has been restated following the adoption of FRS 19. Profit retained at 1 January 2000 has been reduced in aggregate by
306 million (of which 245 million relates to NV and 61 million relates to PLC). Movements in profit retained since 1 January 2000
have been restated as appropriate. See note 18 on page 94.
23 Other reserves
million million million million million million
NV NV NV PLC PLC PLC
2002 2001 2000 2002 2001 2000
Adjustment on translation of PLC‘s ordinary
capital at £1 = Fl. 12 = 5.445 –––(159) (155) (157)
Capital redemption reserve –––18 18 18
Book value of shares or certificates held in
connection with share options (a) (1 498) (1 077) (553) (454) (403) (475)
(1 498) (1 077) (553) (595) (540) (614)
(a) Under UITF 13 these shares would be classified as fixed assets.
The change in book value of shares or certificates held in connection with share options on the other reserves of NV was (421) million
(2001: (524) million; 2000: (189) million) and for PLC was (51) million (2001: 72 million; 2000: (7) million).