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Five year record 113
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2002
Financial Statements
The financial data below shows key figures which are derived from the audited consolidated accounts of the Unilever Group for the last five
years and is qualified by reference to those accounts and notes. Please refer also to the notes on page 114.
From 1 January 2000, Unilever adopted the euro as its principal reporting currency. For the years prior to the introduction of the euro on
1 January 1999, euro values have been derived by converting values previously reported in guilders, using the official conversion rate
announced on 31 December 1998 of 1.00 = Fl. 2.20371. The effect of exchange fluctuations over time means that the trends shown may
differ significantly from those previously shown in sterling and from those which would arise if these euro amounts had been translated
from the historic sterling accounts.
Consolidated profit and loss account (a)(e) € million € million € million € million €million
2002 2001 2000 1999 1998
Group turnover 48 270 51 514 47 582 40 977 40 437
Group operating profit 5 041 5 174 3 181 4 303 4 410
Group operating profit BEIA 7 165 7 149 5 729 4 595 4 293
Exceptional items (879) (588) (2 113) (269) 125
Amortisation of goodwill and intangibles (1 245) (1 387) (435) (23) (8)
Income from fixed investments 111 96 53 52 37
Interest (b) (1 173) (1 646) (632) (14) 156
Profit on ordinary activities before taxation 3 979 3 624 2 602 4 341 4 603
Profit on ordinary activities after taxation 2 441 2 077 1 320 2 972 3 088
Net profit 2 129 1 838 1 105 2 771 2 944
Preference dividends (42) (51) (44) (20) (7)
Normal dividends on ordinary capital (1 659) (1 530) (1 414) (1 245) (1 237)
Special dividends on ordinary capital ––––(7 430)
Result for the year retained 428 257 (353) 1 506 (5 730)
Combined earnings per share (c)
Euros per 0.51 (1998: Fl. 1) of ordinary capital 2.14 1.82 1.07 2.63 2.63
Euro cents per 1.4p (1998: 1.25p) of ordinary capital 32.05 27.27 16.08 39.48 39.47
Ordinary dividends
NV – euros per 0.51 (1998: Fl. 1) of ordinary capital (d) 1.70 1.56 1.43 1.27 1.14
PLC – pence per 1.4p (1998: 1.25p) of ordinary capital 16.04 14.54 13.07 12.50 10.70
Special ordinary dividends
NV – euros per Fl. 1 of ordinary capital (d) ––––6.58
PLC – pence per 1.25p of ordinary capital ––––66.13
Consolidated balance sheet (a)(e) €million € million € million € million € million
2002 2001 2000 1999 1998
Goodwill and intangible assets 20 274 24 964 26 390 643 284
Other fixed assets and investments 8 115 10 124 10 996 8 963 8 336
Stocks 4 500 5 343 5 421 5 124 4 747
Debtors 8 231 10 034 9 726 7 405 6 474
Acquired businesses held for resale ––1 666 – –
Total cash and current investments 3 478 2 301 3 273 5 473 10 383
Total assets 44 598 52 766 57 472 27 608 30 224
Creditors due within one year (f) (20 602) (23 212) (28 364) (12 134) (17 976)
Total assets less current liabilities 23 996 29 554 29 108 15 474 12 248
Creditors due after one year 11 574 15 026 14 085 2 832 3 042
Provisions for liabilities and charges 5 927 6 871 6 431 4 608 4 321
Minority interests 628 664 618 579 408
Capital and reserves (f) 5 867 6 993 7 974 7 455 4 477
Total capital employed 23 996 29 554 29 108 15 474 12 248