Unilever 2002 Annual Report Download - page 115

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112 Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2002
30 Summarised accounts of the NV and PLC parts of the Group
The following summarised accounts present the profit and loss account and balance sheet of the Unilever Group, analysed between the
NV and PLC parts of the Group according to respective ownership.
Profit and loss account for the year ended 31 December
million million million million million million
NV NV NV PLC PLC PLC
2002 2001 2000 2002 2001 2000
Group turnover 31 828 35 584 32 398 16 442 15 930 15 184
Group operating profit (a) 3 457 2 938 1 883 1 584 2 236 1 298
Total income from fixed investments 73 43 55 38 53 (2)
Interest (812) (1 228) (442) (361) (418) (190)
Profit on ordinary activities before taxation 2 718 1 753 1 496 1 261 1 871 1 106
Taxation (a) (986) (892) (794) (552) (655) (488)
Profit on ordinary activities after taxation 1 732 861 702 709 1 216 618
Minority interests (51) (44) (27) (261) (195) (188)
Net profit 1 681 817 675 448 1 021 430
Balance sheet as at 31 December million million million million
NV NV PLC PLC
2002 2001 2002 2001
Fixed assets
Goodwill and intangibles (a) 15 593 18 899 4 681 6 065
Tangible fixed assets 4 749 6 065 2 687 3 175
Fixed investments 394 535 285 349
20 736 25 499 7 653 9 589
Current assets
Stocks 2 870 3 520 1 630 1 823
Debtors 5 888 7 403 2 343 2 631
Debtors due within one year 4 323 5 418 1 552 1 767
Debtors due after more than one year (a) 1 565 1 985 791 864
Cash and current investments 2 459 1 124 1 019 1 177
11 217 12 047 4 992 5 631
Creditors due within one year (14 869) (17 128) (5 733) (6 084)
Borrowings (7 293) (8 983) (2 218) (2 296)
Trade and other creditors (7 576) (8 145) (3 515) (3 788)
Net current assets (3 652) (5 081) (741) (453)
Total assets less current liabilities 17 084 20 418 6 912 9 136
Creditors due after more than one year 10 013 11 894 1 561 3 132
Borrowings 9 536 11 233 1 397 2 988
Trade and other creditors 477 661 164 144
Provisions for liabilities and charges (a) 4 448 5 351 1 479 1 520
Intra-group – NV/PLC (3 106) (1 757) 3 106 1 757
Minority interests 29 41 599 623
Capital and reserves (a) (b) 5 700 4 889 167 2 104
Total capital employed 17 084 20 418 6 912 9 136
(a) Amounts restated following the implementation of FRS 19, see note 18 on page 94.
(b) Capital and reserves of PLC have decreased during 2002 due to the elimination of goodwill arising on intercompany transfers as
explained in note 22 on page 98.